Monday, July 12, 2010

Gulfview Townhouse Just Reduced!

Just Reduced...$499,900
3 Bedroom, 2.5 Bath Townhouse

Beautiful open water Gulf views in gated community. Out door deck area w/private pool & fountains. 2 upstairs balconies. Hurricane shutters for all windows. Carport with storage. One owner is a real estate licensee. Total annual insurance costs are $3,370. Bank is local and a decission would be made quickley.

REDUCED...Las Salinas Condo W210...$214,900

Just Reduced to $214,900
2 Bedroom, 2 Bath Condo @ Las Salinas, Unit W210
Good condition with ceramic tile throughout. New central A/C. Individual storage area. Beautiful pool.NOT A SHORT SALE. Owners are licensed real estate agents in the State of Florida.

Joanne Tarantino - CRS
Prudential Knight & Gardner Realty
(305) 294-5155 x244 ~ (305) 304-2012
(305) 295-0946 Fax
Joanne1kw@gmail.com
http://www.kwhomes.net
http://joannetarantino.blogspot.com/
"TALL on Real Estate Service"

Wednesday, June 23, 2010

Steam Plant Blows the Prices

It was recently announced that one of the premier real estate developments in Key West has just done a dramatic price reduction on their units. These beautiful luxury town houses are truly unique, in the heart of Old Town and with wonderful water views.

The former City Electric Plant had been closed down for many years when purchased by Ed Swift, doing business as Steam Plant Condominiums LLC. In late 2003 the only marketing that was done was a grand by “invitation only” reception for only fifteen local real estate agents. All but one, which was retained by the developer, were reserved with deposits in the first two weeks. In this explosive real estate market everyone was buying, many were locals buying two or three some with plans to flip.

A large company out of Tampa named Dooley Mack became the contractor in the large renovation and reconstruction project. It was soon realized that the completion date could not be made. The environmental clean up was huge. All the massive electric producing machinery had to be transported to the main land, to be treated and disposed of as hazardous waste. Other delays were encountered. With other large projects also going up at the same time like the Santa Maria and Beachside workmen and materials were in short supply. Then came the years of hurricanes in 2004/ 2005, one after another, work had to be stopped and the town evacuated. Finally in 2009 when the condos received their certificates of occupancy the real estate market was nothing what it had been. Only two of the original 18 buyers honored their agreements and closed.

All this has ended in some drastically reduced prices and a great opportunity on a wonderful upper end project whose timing missed its target. Last month drastic reductions were announced, on some units over 30%. If you have not seen these units it is definitely worth you while, just to see the very unique art deco/industrial design. Some of the original machinery creatively decorates the interior common areas. The units are spacious and dramatic. The quality cannot be better, solid concrete fortress like walls and individual elevators to each unit. Massive impact resistant doors slide like butter then close with the quiet finality of a bank vault. There is a common area roof top pool and individual private pools. If you would like to see these yourself give me a call and I will be happy arrange a tour.




Monday, June 7, 2010

A Developers Nightmare! “The Nail House”

This former house located in Chongqing Municipality in southern China has been dubbed the "nail house" because it refused to be hammered down. The owners had been fighting off bulldozers there since 2004, when developers pleaded with them and another 280 households to make way for a shopping mall. But the compensation proposed by the developer was just not enough.

The other residents left one after another, leaving the building standing alone. The house, was handed down through several generations. It was used as a variety store and then leased to become a restaurant.

As the owner held out flying the national flag, he received food and supplies via a green rope pulled up from the ground.

The structure was finally demolished in March of this year. As compensation, they accepted an apartment in the Shapingba district of downtown Chongqing, similar in size to their old one.

Friday, June 4, 2010

Florida Bill Helps Condo Associations

Good news Charlie Crist just signed a condominium reform bill(SB 1196) that will help many Florida Condo Associations that have been struggling to stay a float in the wake of numbers of pre-foreclosure owners discontinuing payments on their monthly dues.http://tiny.cc/8142w If they are renting the association now may demand the tenants rental payments go straight to the association to cover the dues owed. Previously the associations had to sue to collect rent (a timely and expensive process). A second change, up until now once the bank foreclosed they were only required to make up past dues up to 6 months or 1% of the loan amount. That has now increased to 12 months or 1%. This will really help so many associations who were having to turn to the paying owners to pick up the deficit of the nonpaying ones. A well funded association will also attract more resales and make it easier for those resale buyers to obtain a new mortgage.

Monday, May 24, 2010

Cooking Corner: Spring Celebration Carrot Cake









Cake:
1 1/2 cups grated fresh carrots (about 2 large)
1 cup walnut pieces
1/2 cup finely chopped fresh pineapple (see Cooks Note)
2 1/4 cups all-purpose flour
2 teaspoons ground cinnamon
1/2 teaspoon freshly grated nutmeg
1/2 teaspoon ground ginger
1 teaspoon baking soda
1 teaspoon baking powder
1/2 teaspoon fine salt
4 large eggs
1 1/2 cups sugar
1 1/4 cups vegetable oil
2 (4-ounce) jars pureed carrot baby food

Icing:
2 (8-ounce) packages cream cheese (1 pound), at room temperature
12 tablespoons (1 1/2 sticks) unsalted butter, cubed, at room temperature
2 cups confectioners' sugar
1 1/2 tablespoons finely grated lemon zest (about 2 lemons)
1 teaspoon pure vanilla extract

For the cake:
Preheat oven to 350 degrees F. Butter 2 (8-inch) square cake pans, line them with buttered parchment paper, and dust with flour. Toss the carrots, walnuts and 1/2 cup pineapple with 1/2 cup of the flour in a small bowl and set aside. Whisk the remaining 1 1/2 cups flour, cinnamon, nutmeg, ginger, baking soda, baking powder and salt together in a medium bowl. In another large bowl beat the eggs and sugar with an electric mixer until thick and light, about 5 minutes. While continuing to beat the eggs slowly, gradually add the oil, and then the pureed carrot. Scatter the dry ingredients over the wet and then gently fold them together to make a loose batter. Gently fold the nuts, carrots, and pineapple into the batter. Pour into the prepared pans. Bake the cakes until firm to the touch and a cake tester comes out clean, about 45 minutes. Cool cakes in pans on a rack for 25 minutes. Turn cakes out of pans and cool completely on the rack.

For the icing:
Beat cream cheese in a large bowl, with an electric mixer until smooth and fluffy. Gradually beat in the butter until smooth. Sift the sugar over the cream cheese, and beat until smooth. Add the lemon zest and vanilla extract and beat until light and fluffy. Refrigerate to set slightly for about 20 minutes. To assemble the cake, place a cake layer on a cake stand, plate, or cake board. Spread about half of the icing over top, but leave the sides bare. Sprinkle icing with about half of the pineapple. Top with a second cake layer, and repeat with remaining icing and pineapple. Serve.

Cook's Note:
You will need about 1/2 a fresh medium pineapple, trimmed, cored, and finely chopped for the whole cake and frosting.

Thursday, May 20, 2010

Right To Dry

I recently read about a town in Massachusetts that recently under went an environmental movement to not only ban the sale of bottled water but also to gain the right to dry your clothes outside. The town did not outlaw outdoor drying, but homeowner’s and condominium associations within the town did. Can you imagine that in uber-tidy communities in Naples Fl where you are not allowed to even park your car in your drive way (it must be in the garage)? But, speaking of Naples, the real Naples (Italy), tourists find it charming to see laundry hanging across the balconies of the Old World buildings. As a matter of fact energy hogging clothes dryers in general are much less prevalent in Europe then the US, 50% verses 75% of American homes.

In Key West there are no codes against having a clothes line any where on your property. Your back yard as well as your front yard is equally acceptable, even in the Old Town historic district. As far as the City of Key West imposing outdoor drying on home owner associations, not even in an alternate reality would that happen. Don’t worry Truman Annex or Golf Club Property Owners Associations, Key West can’t even get it together enough to do anything but a miserable job at recycling, much less make you allow your residents to hang their under wear on the front porch to reduce energy usage.

If you are further interested in outdoor drying laws you can find out more from an organization called Project Laundry List it is a nonprofit that has helped to fight anti-clothesline ordinances in many neighborhoods, and to urge the First Family to line dry their clothes occasionally on the White House lawn—visit right2dry.org.

What are your thoughts on this matter?