**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-QSB**

**xQuarterly      report      pursuant to Section 13 or 15(d) of the Securities Exchange Act**

**of      1934. For the quarterly period ended June 30, 2007.**

**oTransition      report      pursuant to Section 13 or 15(d) of the Securities**

**Exchange      Act of 1934. For the transition period from ____ to ____ .**

**SK      REALTY VENTURES, INC.**

| **NEVADA**                                                                    | 76-0747086                                      |
|-------------------------------------------------------------------------------|-------------------------------------------------|
| (State                or Other Jurisdiction of Incorporation or Organization) | (Employer                Identification Number) |

**585      Stewart Avenue**

**Suite      760**

**Garden      City, NY 11530**

**(516)      683-1254 **

----

**Part      1**

**Item      1: Financial Statements**

**SK      REALTY VENTURES, INC. AND SUBSIDIARY**

|                                                                               |   |                      |                      |
|------------------------------------------------------------------------------------|--------|---------------------------|---------------------------|
|                                                                               |   | June                  30, |                      |
|                                                                               |   | 2007                      |                      |
|                                                                               |   |                      |                      |
| CURRENT                  ASSETS                                                    |   |                      |                      |   |
|                                                                               |   |                      |                      |   |
| Cash                                                                               |   | $                         | -                         |   |
| Marketable                  securities                                             |   |                      | 3,825                     |   |
|                                                                               |   |                      |                      |   |
| Total                  Current Assets                                              |   |                      | 3,825                     |   |
|                                                                               |   |                      |                      |   |
| OTHER                  ASSETS                                                      |   |                      |                      |   |
|                                                                               |   |                      |                      |   |
| Tax                  deeds                                                         |   |                      | 5,661                     |   |
|                                                                               |   |                      |                      |   |
| Total                  Other Assets                                                |   |                      | 5,661                     |   |
|                                                                               |   |                      |                      |   |
| TOTAL                  ASSETS                                                      |   | $                         | 9,486                     |   |
|                                                                               |   |                      |                      |   |
| LIABILITIES                  AND STOCKHOLDERS’ EQUITY (DEFICIT)              |   |                      |                      |   |
|                                                                               |   |                      |                      |   |
| CURRENT                  LIABILTIES                                                |   |                      |                      |   |
|                                                                               |   |                      |                      |   |
| Accrued                  expenses                                                  |   |                      | 343,420                   |   |
| Loan                  payable - officer (related party)                            |   |                      | 10,000                    |   |
| Loan                  payable - other (related party)                              |   |                      | 30,800                    |   |
| Line                  of credit                                                    |   |                      | 6,295                     |   |
| Accrued                  interest payable                                          |   |                      | 3,375                     |   |
| Property                  taxes payable                                            |   |                      | 2,339                     |   |
|                                                                               |   |                      |                      |   |
| Total                  Current Liabilities                                         |   |                      | 396,229                   |   |
|                                                                               |   |                      |                      |   |
| TOTAL                  LIABILITIES                                                 |   |                      | 396,                  229 |   |
|                                                                               |   |                      |                      |   |
| STOCKHOLDERS’                  EQUITY (DEFICIT)                              |   |                      |                      |   |
|                                                                               |   |                      |                      |   |
| Preferred                  stock; 10,000,000 authorized at $0.0001 par value       |   |                      | -                         |   |
| Common                  stock; 300,000,000 shares authorized at $0.0001 par value; |   |                      |                      |   |
| 13,625,240                  shares issued and outstanding                          |   |                      | 1,363                     |   |
| Additional                  paid-in-capital                                        |   |                      | 344,486                   |   |
| Other                  comprehensive (loss)                                        |   |                      | (33,675                   | ) |
| Deficit                  accumulated during the development stage                  |   |                      | (698,916                  | ) |
|                                                                               |   |                      |                      |   |
| Total                  Stockholders’ Equity (Deficit)                        |   |                      | (386,744                  | ) |
|                                                                               |   |                      |                      |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS’ EQUITY                  |   | $                         | 9,486                     |   |

----

**SK        REALTY VENTURES, INC. AND SUBSIDIARY**

|                                                                            |   | Three                  Months Ended |       | Six                  Months Ended |   | From                  theInception                  of theDevelopmentStage                  on August1,                  2003 through |   |
|---------------------------------------------------------------------------------|--------|-------------------------------------|------------|-----------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                            |   | June                  30            |       | June                  30,         |   | June                  30,                                                                                                             |   |
|                                                                            |   | 2007                                |       | 2006                              |   | 2007                                                                                                                                  |   | 2006 |   | 2007 |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |
| REVENUE                                                                         |   | $                                   | -          |                              | $      | -                                                                                                                                     |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| EXPENSES                                                                        |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Salary                                                                          |   |                                | 15,000     |                              |   | 15,000                                                                                                                                |   |   | 30,000 |   |   | 30,000 |   |   | 260,300 |   |
| Bank                  charges                                                   |   |                                | -          |                              |   | -                                                                                                                                     |   |   | 8 |   |   |   |   |   | 70 |   |
| Professional                  fees                                              |   |                                | 7,500      |                              |   | 23,845                                                                                                                                |   |   | 36,973 |   |   | 42,253 |   |   | 238,651 |   |
| Administrative                  costs                                           |   |                                | 4,500      |                              |   | 4,500                                                                                                                                 |   |   | 9,000 |   |   | 9,000 |   |   | 63,000 |   |
| Interest                  expense                                               |   |                                | 1,023      |                              |   | 140                                                                                                                                   |   |   | 1,752 |   |   | 288 |   |   | 4,009 |   |
| Compensation                  expense                                           |   |                                | -          |                              |   | -                                                                                                                                     |   |   | 150 |   |   |   |   |   | 120,047 |   |
| Forfeiture                  of tax deeds                                        |   |                                | -          |                              |   | -                                                                                                                                     |   |   | - |   |   |   |   |   | 11,000 |   |
| Taxes                                                                           |   |                                | -          |                              |   | 326                                                                                                                                   |   |   | - |   |   | 652 |   |   | 2,339 |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Total                  Expenses                                                 |   |                                | 28,023     |                              |   | 43,811                                                                                                                                |   |   | 77,703 |   |   | 82,193 |   |   | 698,916 |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| NET                  LOSS                                                       |   |                                | (28,023    | )                                 |   | (43,811                                                                                                                               | )      |   | (77,703 | ) |   | (82,193 | ) |   | (698,916 | ) |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| OTHER                  COMPREHENSIVE LOSS                                       |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| Change                  in marketable securities valuation                      |   |                                | -          |                              |   | 150                                                                                                                                   |   |   | - |   |   | 2,250 |   |   | (33,675 | ) |
|                                                                                 |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| TOTAL                  COMPREHENSIVE LOSS                                       |   | $                                   | (28,023    | )                                 | $      | (41,711                                                                                                                               | )      | $ | (77,703 | ) | $ | (79,943 | ) | $ | (732,741 | ) |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| BASIC                  LOSS PER SHARE                                           |   | $                                   | (0.00      | )                                 | $      | (0.00                                                                                                                                 | )      | $ | (0.00 | ) | $ | (0.01 | ) |   |   |   |
|                                                                            |   |                                |       |                              |   |                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF SHARES                  OUTSTANDING |   |                                | 12,962,740 |                              |   | 12,300,240                                                                                                                            |   |   | 12,962,740 |   |   | 12,300,240 |   |   |   |   |

----

**SK          REALTY VENTURES, INC. AND SUBSIDIARY**

|                                                                     |   | Six                    Months Ended |                        | From                    Inception of the Development Stage on August 1, 2003                    through |   |
|--------------------------------------------------------------------------|--------|-------------------------------------|-----------------------------|---------------------------------------------------------------------------------------------------------|--------|
|                                                                     |   | June                    30,         |                        | March                    31,                                                                            |   |
|                                                                     |   | 2007                                |                        | 2006                                                                                                    |   | 2007 |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |
| CASH                    FLOWS FROM OPERATING ACTIVITIES                  |   |                                |                        |                                                                                                    |   |   |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |
| Net                    loss                                              |   | $                                   | (77,703                     | )                                                                                                       | $      | (82,193 | ) | $ | (698,916 | ) |
| Adjustments                    to reconcile net loss to net cash used by |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| operating                    activities:                                 |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Stock                    issued for services                             |   |                                | 12,500                      |                                                                                                    |   | 12,500 |   |   | 57,500 |   |
| Amortization                    of deferred consulting expense           |   |                                | -                           |                                                                                                    |   | - |   |   | 30,300 |   |
| Services                    for stock subscription receivable            |   |                                | 150                         |                                                                                                    |   | - |   |   | 150 |   |
| Forfeiture                    of tax deeds                               |   |                                | -                           |                                                                                                    |   | - |   |   | 11,000 |   |
| Option                    extension expense                              |   |                                | -                           |                                                                                                    |   | - |   |   | 119,897 |   |
| Property                    tax payable                                  |   |                                | -                           |                                                                                                    |   | 652 |   |   | 2,339 |   |
| Prepaid                    expenses                                      |   |                                | -                           |                                                                                                    |   | - |   |   | - |   |
| Accrued                    interest payable                              |   |                                | 1,752                       |                                                                                                    |   | - |   |   | 4,009 |   |
| Increase                    in accrued expenses                          |   |                                | 47,493                      |                                                                                                    |   | 63,753 |   |   | 343,419 |   |
| Other                    assets                                          |   |                                | -                           |                                                                                                    |   | - |   |   | - |   |
| Deferred                    consulting                                   |   |                                | -                           |                                                                                                    |   | - |   |   | 89,582 |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Net                    Cash Used by Operating Activities                 |   |                                | (15,808                     | )                                                                                                       |   | (288 | ) |   | (40,870 | ) |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| CASH                    FLOWS FROM INVESTING ACTIVITIES                  |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Tax                    deeds                                             |   |                                | -                           |                                                                                                    |   | - |   |   | (5,661 | ) |
| Contributed                    capital                                   |   |                                | -                           |                                                                                                    |   | - |   |   | - |   |
| Unrealized                    loss on investment                         |   |                                | -                           |                                                                                                    |   | - |   |   | - |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Net                    Cash Used by Investing Activities                 |   |                                | -                           |                                                                                                    |   | - |   |   | (5,661 | ) |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| CASH                    FLOWS FROM FINANCING ACTIVITIES                  |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Loan                    payable                                          |   |                                | 15,800                      |                                                                                                    |   | 5,000 |   |   | 40,800 |   |
| Proceeds                    from line of credit                          |   |                                | -                           |                                                                                                    |   | 288 |   |   | 5,661 |   |
| APIC                                                                     |   |                                | -                           |                                                                                                    |   | - |   |   | 70 |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Net                    Cash Used by Financing Activities                 |   |                                | 15,800                      |                                                                                                    |   | 288 |   |   | 46,531 |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| INCREASE                    (DECREASE) IN CASH AND CASH EQUIVALENTS      |   |                                | (8                          | )                                                                                                       |   | - |   |   | - |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| CASH                    AT BEGINNING OF PERIOD                           |   |                                | 8                           |                                                                                                    |   | 20 |   |   | - |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| CASH                    AT END OF PERIOD                                 |   | $                                   | -                           |                                                                                                    | $      | 20 |   | $ | - |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| SUPPLEMENTAL                    SCHEDULE OF CASH FLOW ACTIVITIES         |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| CASH                    PAID FOR:                                        |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Interest                                                                 |   | $                                   | -                           |                                                                                                    | $      | 288 |   | $ | - |   |
| Income                    taxes                                          |   | $                                   | -                           |                                                                                                    | $      | - |   | $ | - |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| NON-CASH                    INVESTING AND FINANCING ACTIVITIES           |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
|                                                                     |   |                                |                        |                                                                                                    |   |   |   |   |   |   |
| Stock                    for assets                                      |   | $                                   | 12,500                    - |                                                                                                    | $      | - |   | $ | -48,650 |   |
| Stock                    issued for services                             |   | $                                   | -                           |                                                                                                    | $      | 12,000 |   | $ | -57,500 |   |
| Net                    change in unrealized loss on investment           |   | $                                   | -                           |                                                                                                    | $      | (2,250 | ) | $ | 33,675 |   |

----

**SK      REALTY VENTURES, INC. AND SUBSIDIARY **

| NOTE                2 - | GOING                CONCERN |
|-------------------------|------------------------------|

----

**SK      REALTY VENTURES, INC. AND SUBSIDIARY **

|                                          |   | Weighted |      |     |   |
|-----------------------------------------------|--------|----------|-----------|----------|--------|
|                                          |   | Average  |      | Exercise |   |
|                                          |   | Shares   |      | Price    |   |
|                                          |   |     |      |     |   |
| Outstanding,                  January 1, 2007 |   |     | 1,200,000 |     | $      | 0.0001 |   |
|                                          |   |     |      |     |   |   |   |
| Granted                                       |   |     | -         |     |   | - |   |
| Canceled/Expired                              |   |     | -         |     |   | - |   |
| Exercised                                     |   |     | 1,200,000 |     |   | - |   |
|                                          |   |     |      |     |   |   |   |
| Outstanding,                  June 30, 2007   |   |     | -         |     |   |   |   |
|                                          |   |     |      |     |   |   |   |
| Exercisable,                  June 30, 2007   |   |     | -         |     |   |   |   |

|                                   |   | Line                  of |    |            |   |
|----------------------------------------|--------|--------------------------|---------|------------|--------|
|                                   |   | Credit                   |    |  Debt |   |
| Outstanding                            |   |                     |    |       |   |   |   |
|                                   |   |                     |    |       |   |   |   |
| Revolving                  Credit Line |   | $                        | 100,000 |       | $      | 6,295 |   |

----

----

**Item      2: Management's Discussion and Analysis of Financial Condition and Results      of      Operations**

**Results      of Operations**

**Assets**

| Location                            |   |   | Description                           |   |   | Acquisition                    Cost |   |
|-------------------------------------|--------|--------|---------------------------------------|--------|--------|-------------------------------------|--------|
| Reading,                    PA      |   |   | Mobile                    home        |   | $      | 1,058                               |   |
| Reading,                    PA      |   |   | Mobile                    home        |   | $      | 2,682                               |   |
| Sellersville,                    PA |   |   | Vacant                    land parcel |   | $      | 1,921                               |   |

**Total      revenue**

**Operating      Expenses.**

**Liquidity      and Capital Resources**

----

----

**Item      3: Controls and Procedures**

**Limitations      on the Effectiveness of Internal Controls **

----

----

**PART      II**

**Item      1. Legal Proceedings**

**Item      6. Exhibits and Reports on Form 8-K**

|   | 31 | Certification                of Chief Executive Officer and Chief Financial Officer as required                by Rule                13a-14(a) of the Securities Exchange Act of                1934 |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32 | Certification                of Chief Executive Officer and Chief Financial Officer, as required                by                Rule 13a-14(b) of the Securities Exchange Act of                1934 |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Signatures**

| Signature                              |   | Title                                                                            |   | Date                                 |
|----------------------------------------|--------|----------------------------------------------------------------------------------|--------|--------------------------------------|
|  /s/                Eric Sheppard |   |  President,                Acting Principal Accounting Officer and Director |   |  August                20, 2007 |

----