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| April 2008 |
New Pier Regulations
On April 1, 2008 Governor Doyle signed the Wisconsin Pier Protection Bill into law. Under this law which has been debated extensively over the past 3 years almost all existing piers in the state will be grandfathered. This is good news for all riparian pier/dock owners in the state. Here are some of the important details:
- The bill grandfathers all existing piers less than 8 feet wide, with a deck that is no larger than 300 s.f. and no wider than 10 feet. If the deck is 200 s.f. or less, there is no width requirement.
- An owner of an existing pier that is not grandfathered must apply for an individual permit, but the DNR can deny the permit only if the DNR can prove the pier violates the public interest.
- Owners of grandfathered piers may repair, maintain or replace an existing pier. The owner can relocate and reconfigure with DNR approval.
- To be eligible for grandfathering, existing Wisconsin piers must be registered with the DNR within 36 months.
- No fee will be charged for existing pier registration.
Keefe to Open New Office in FontanaKeefe Real Estate is pleased to announce our new sales office opening in May at The Abbey Resort in Fontana. Top |
Keefe Still Leads the Pack in Walworth CountyKeefe Real Estate has been recognized as the leading real estate company in Southeastern Wisconsin for many years. Sales results for the first quarter of 2008 from the Multiple Listing Service (MLS) show that Keefe Real Estate is still the sales leader in Walworth County. Whether buying or selling, partner with Keefe to Get Results!
This chart combines “sold” listings of all office locations and independent offices of each multi-office or franchise organization identified. It includes listings which were sold by such organization itself, or with the aid of a cooperating broker for Walworth County and time period indicated, according to data by the Multiple Listing Service, Inc. This representation is based in whole on data supplied by the MLS. MLS, Inc. does not guarantee or is in any way responsible for its accuracy. Data maintained by the MLS, Inc. may not reflect all real estate activity in the market. Top |
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Plan your Summer Vacation Now! |
There are several new properties, including lakefront properties, that have just joined Keefe Rentals. Check them out, as well as the popular classics that so many have enjoyed for years, on our website: www.keeferentals.com. Keefe Rentals offers an array of private homes, lake access, lakefront, townhouses, and condos to suit your vacation needs. We also provide properties for long-term rentals, whether relocating to the area or need to temporarily move due to a construction project delay. Search our inventory to find the property that suits all your needs. Our properties span the area of lakefronts on Lake Geneva, Lake Delavan, Lauderdale Lake, Whitewater Lake, as well as Abbey Springs and Geneva National private resort communities. To view the virtual tours, pricing, and details, visit www.KeefeRentals.com or call our specialists today for rates 866-818-8637. Top |
Summer is less than 7 weeks away – where are you going to start the season? Let us be your escape for the summer season.
Title TipsWhat is a 1031 Tax Deferred Exchange? Thanks to the IRC §1031, a properly structured exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC §1031 (a)(1) states: "No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment." There are several types of exchanges including the above, Tenant-in-Common ownership, oil and gas programs, air and water rights, easements and other replacement property options. What is Like-Kind Property? Contrary to the commonly held misconception that exchanged properties must be of the exact same type - for example, that bare land be exchanged for bare land or an income property be exchanged for another income property - the actual definition of like-kind is far more empowering in its flexibility. Any real property held for investment or real property used in a trade or business can be exchanged for any other real property held for investment or real property used in a trade or business. Can a Vacation Home Qualify for 1031 Exchange? A vacation home may very well qualify for a 1031 Exchange; however, there are specific IRS guidelines that need to be followed. How do I Set Up 1031 Exchange? It is wise to go through a Qualified Intermediary Company (such as Asset Preservation, Inc. – www.apiexchange.com) that specializes in exchanges and has thorough knowledge of the ongoing changes in our tax codes. They can facilitate the transaction and answer any questions that you might have. They will also work with your local title company to coordinate a successful transaction. At Southeastern Wisconsin Title Company, LLC, we provide a wide range of services in addition to closings. Please ask us about our 1031 Exchanges and Construction and Escrow services. We are Insuring Your Investment and strive to create a quality experience for you as we guide you every step of the way. Call Audra Buggs, President, at (262) 723-5566 or visit www.sewt.net. Top |
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Chaucer Woods
Take one look at Chaucer Woods of Bristol and it's easy to see that it is unlike any other conservation community. The unique design of this development offers each homesite a conservation view and easy access to the nature and bike trails, and to the park. Join the other property owners of Chaucer Woods that call this home. Only 17 homesite left, bring the home plans and select your homesite today. Independent builders are welcomed.
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Sugar Creek Preserve 
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Woodstone Prairie
 Builder Incentives and New Models Open
Click on this link to read an update on each new community at Geneva National. The Geneva National Golf Club offers 54 holes of championship golf on three signature courses designed by golf legends Arnold Palmer, Lee Trevino, and Gary Player. Open 7-days a week; visit the Keefe Real Estate sales office at the entrance of Geneva National. For additional information on furnished models or to schedule your appointment, please call 888-356-3084 or visit www.GenevaNational.com. Top |
 
The South Shore Club, located on the south shore of Geneva Lake, has been active all winter with three homes under construction and one in design. There are only seven homesites still available for sale, ranging in price from $1,025,000 to $1,751,000. All builders are welcome and their architectural plans will require association approval. As an owner in the South Shore Club, you are entitled to use of all of the boats in the yacht club, the swimming pool and clubhouse, the swim pier, the Har-Tru tennis court, chip and putt golf area, the playground, the fire pit, and concierge services. Members have the option of bringing their own boats to the club and leasing a canopied pier slip from the association. For more information or to set up a private tour, contact Keefe Real Estate at 866-769-8515. |
Meadowview Estates
For more information, please call Keefe Real Estate at 800-836-6927. |
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Dates to RememberMay 10 - 23 May 18 May 23 - 26 May 29 - June 1 |
keefe@keeferealestate.com ©2008 Keefe Real Estate · PO Box 460 · Lake Geneva · WI · 53147-0460 |
With new communities underway and new models being unveiled, Geneva National will soon be in full bloom. The Preferred Builders at Geneva National, including Choyce Group, Cobblestone Courts, Foxwood, Lanco Development, L.LC., and Lowell continue to offer the highest quality custom and semi-custom homes in the Midwest’s most alluring second-home and permanent-residence golf resort community.
Meadowview Estates is an innovative conservation community consisting of 35 one acre lots situated on Lake Geneva’s prestigious South Lakeshore Drive. The subdivision consists of over 120 acres of gently rolling terrain, most of which has been restored with native prairie grasses and wildflowers. The property has four spring fed ponds and is located next door to the Linn Township's 168 acre conservancy park. Located halfway between Lake Geneva and Fontana, Meadowview Estates has quick access to highways to Chicago and Milwaukee. Country living at its best. 
10 plans to start your new home search with which can then be customized to your individual style and needs. Armor Homes is a semi-custom builder with homes starting in the $240’s. The Highlands of Lake Geneva includes 45 home sites with many backing up to trees, open space, and a pond. Also a bike path runs through the neighborhood and ties into the bike paths that run through Lake Geneva for a day of family fun with the kids.