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Islamorada, FL Real Estate News

By Lisa Frins
(Freewheeler Realty World)
Regulation of vacation rentals within the Village of Islamorada has gotten a reprive while property owners now take thier case to the 1st District Court of Appeals in Tallahassee. The Village recently passed policy that limits the number and location of properties for rent less than 28 days at a time. They also want to impose an annual licensing fee of $1,000 per home. At issue is the rights of the property owners which were not really argued during the first case. The attorney for the owners is hoping to be able to argue property rights and how they will be impacted when the case is heard in Tallahassee.
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By Lisa Frins
(Freewheeler Realty World)
The Village council decided to delay making a decision on whether or not to ease restrictions on homes that were previously built or purchased under the affordable housing guidelines. At the center of the issue is a change to the income level required in order to meet the affordable guidelines. Currently the cap on the applicants' income is at 120 percent of the Monroe County median income, which means a family of four earning $70,000 can purchase the homes. The proposed change, to increase the income level to 160 percent on the median, would mean a family of four could earn up to $94,000 to meet eligilbity requirements. This increase in the income requirement would mean higher home values for current homes in the affordable housing system prior to 2007 and higher prices for individuals...
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By Barbara Pinder
(All Keys Mortgage)
Hope you have a great weekend!!!  Please call me anytime if you need to pre-qualify for a home, lot, condo or commercial!  Call me 305-522-5755
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By Amanda Moates
(COUNTRYWIDE HOME LOANS)
May 9, 2007It is another beautiful Wednesday afternoon in Islamorada!!! The sun is out, the fishing boats have left the docks, and your dream home is awaiting... Before making the trip down to the Keys get prepared... By coming down already Pre-qualified for your home loan. Contact me anytime to get pre-qualified  Direct- 305 484-9296  Office- 305 853-9447  Other- 305 664-4444
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