**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 March 31, 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 **

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**Part      1**

**Item      1: Financial Statements**

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

|                                                                             |   | March                31, |     |
|----------------------------------------------------------------------------------|--------|--------------------------|----------|
|                                                                             |   | 2007                     |     |
| ASSETS                                                                           |   |                     |     |
| 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                                                  |   |                     | 316,420  |   |
| Loan                payable - officer (related party)                            |   |                     | 10,000   |   |
| Loan                payable - other (related party)                              |   |                     | 30,800   |   |
| Line                of credit                                                    |   |                     | 6,295    |   |
| Accrued                interest payable                                          |   |                     | 2,352    |   |
| Property                taxes payable                                            |   |                     | 2,339    |   |
|                                                                             |   |                     |     |   |
| Total                Current Liabilities                                         |   |                     | 368,206  |   |
|                                                                             |   |                     |     |   |
| TOTAL                LIABILITIES                                                 |   |                     | 368,206  |   |
|                                                                             |   |                     |     |   |
| 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                                        |   |                     | 344,635  |   |
| Other                comprehensive (loss)                                        |   |                     | (33,675  | ) |
| Deficit                accumulated during the development stage                  |   |                     | (671,043 | ) |
|                                                                             |   |                     |     |   |
| Total                Stockholders’ Equity (Deficit)                        |   |                     | (358,720 | ) |
|                                                                             |   |                     |     |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS’ EQUITY                  |   | $                        | 9,486    |   |

----

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

|                                                       |   |                                                               |       |                                                         |   | From                       |   |
|------------------------------------------------------------|--------|--------------------------------------------------------------------|------------|--------------------------------------------------------------|--------|----------------------------|--------|
|                                                       |   |                                                               |       |                                                         |   | Inception                  |   |
|                                                       |   |                                                               |       |                                                         |   | of                  the    |   |
|                                                       |   |                                                               |       |                                                         |   | Development                |   |
|                                                       |   |                                                               |       |                                                         |   | Stage                  on  |   |
|                                                       |   |                                                               |       |                                                         |   | August                  1, |   |
|                                                       |   | Three                    Months Ended March                    31, |       | 2003                    through March                    31, |   |
|                                                       |   | 2007                                                               |       | 2006                                                         |   | 2007                       |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |
| REVENUE                                                    |   | $                                                                  | -          |                                                         | $      | -                          |   | $ | - |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| EXPENSES                                                   |   |                                                               |       |                                                         |   |                       |   |   |   |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| Salary                                                     |   |                                                               | 15,000     |                                                         |   | 15,000                     |   |   | 245,300 |   |
| Bank                  charges                              |   |                                                               | 8          |                                                         |   | -                          |   |   | 70 |   |
| Professional                  fees                         |   |                                                               | 29,293     |                                                         |   | 23,845                     |   |   | 230,801 |   |
| Administrative                  costs                      |   |                                                               | 4,500      |                                                         |   | 4,500                      |   |   | 58,500 |   |
| Interest                  expense                          |   |                                                               | 729        |                                                         |   | 140                        |   |   | 2,986 |   |
| Compensation                  expense                      |   |                                                               | 150        |                                                         |   | -                          |   |   | 120,047 |   |
| Forfeiture                  of tax deeds                   |   |                                                               | -          |                                                         |   | -                          |   |   | 11,000 |   |
| Taxes                                                      |   |                                                               | -          |                                                         |   | 326                        |   |   | 2,339 |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| Total                  Expenses                            |   |                                                               | 49,680     |                                                         |   | 43,811                     |   |   | 671,043 |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| NET                  LOSS                                  |   |                                                               | (49,680    | )                                                            |   | (43,811                    | )      |   | (671,043 | ) |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| OTHER                  COMPREHENSIVE LOSS                  |   |                                                               |       |                                                         |   |                       |   |   |   |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| Change                  in marketable securities valuation |   |                                                               | -          |                                                         |   | 2,100                      |   |   | (33,675 | ) |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| TOTAL                  COMPREHENSIVE LOSS                  |   | $                                                                  | (49,680    | )                                                            | $      | (41,711                    | )      | $ | (704,718 | ) |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| BASIC                  LOSS PER SHARE                      |   | $                                                                  | (0.00      | )                                                            | $      | (0.00                      | )      |   |   |   |
|                                                       |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF                |   |                                                               |       |                                                         |   |                       |   |   |   |   |
| SHARES                  OUTSTANDING                        |   |                                                               | 12,962,740 |                                                         |   | 12,300,240                 |   |   |   |   |

----

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

|                                                                   |   |                                                               |    |                                                         |   | From                  Inception |   |
|------------------------------------------------------------------------|--------|--------------------------------------------------------------------|---------|--------------------------------------------------------------|--------|---------------------------------|--------|
|                                                                   |   |                                                               |    |                                                         |   | of                  the         |   |
|                                                                   |   |                                                               |    |                                                         |   | Development                     |   |
|                                                                   |   |                                                               |    |                                                         |   | Stage                  on       |   |
|                                                                   |   |                                                               |    |                                                         |   | August                  1,      |   |
|                                                                   |   | Three                    Months Ended March                    31, |    | 2003                    through March                    31, |   |
|                                                                   |   | 2007                                                               |    | 2006                                                         |   | 2007                            |   |
|                                                                   |   |                                                               |    |                                                         |   |                            |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                  |   |                                                               |    |                                                         |   |                            |   |
|                                                                   |   |                                                               |    |                                                         |   |                            |   |
| Net                  loss                                              |   | $                                                                  | (49,680 | )                                                            | $      | (43,811                         | )      | $ | (671,043 | ) |
| Adjustments                  to reconcile net loss to net cash used by |   |                                                               |    |                                                         |   |                            |   |   |   |   |
| operating                  activities:                                 |   |                                                               |    |                                                         |   |                            |   |   |   |   |
| Stock                  issued for services                             |   |                                                               | 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                                  |   |                                                               | -       |                                                         |   | 326                             |   |   | 2,339 |   |
| Prepaid                  expenses                                      |   |                                                               | -       |                                                         |   | 6,250                           |   |   | - |   |
| Accrued                  interest payable                              |   |                                                               | 729     |                                                         |   | -                               |   |   | 2,986 |   |
| Increase                  in accrued expenses                          |   |                                                               | 20,493  |                                                         |   | 32,095                          |   |   | 316,419 |   |
| Other                  assets                                          |   |                                                               | -       |                                                         |   | -                               |   |   | - |   |
| Deferred                  consulting                                   |   |                                                               | -       |                                                         |   | -                               |   |   | 89,582 |   |
|                                                                   |   |                                                               |    |                                                         |   |                            |   |   |   |   |
| Net                  Cash Used by Operating Activities                 |   |                                                               | (15,808 | )                                                            |   | (5,140                          | )      |   | (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                          |   |                                                               | -       |                                                         |   | 140                             |   |   | 5,661 |   |
| APIC                                                                   |   |                                                               | -       |                                                         |   | -                               |   |   | 70 |   |
|                                                                   |   |                                                               |    |                                                         |   |                            |   |   |   |   |
| Net                  Cash Used by Financing Activities                 |   |                                                               | 15,800  |                                                         |   | 5,140                           |   |   | 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                                                               |   | $                                                                  | -       |                                                         | $      | -                               |   | $ | - |   |
| Income                  taxes                                          |   | $                                                                  | -       |                                                         | $      | -                               |   | $ | - |   |
|                                                                   |   |                                                               |    |                                                         |   |                            |   |   |   |   |
| NON-CASH                  INVESTING AND FINANCING ACTIVITIES           |   |                                                               |    |                                                         |   |                            |   |   |   |   |
|                                                                   |   |                                                               |    |                                                         |   |                            |   |   |   |   |
| Stock                  for assets                                      |   | $                                                                  | 12,500  |                                                         | $      | -                               |   | $ | 48,650 |   |
| Stock                  issued for services                             |   | $                                                                  | -       |                                                         | $      | -                               |   | $ | 57,500 |   |
| Net                  change in unrealized loss on investment           |   | $                                                                  | -       |                                                         | $      | -                               |   | $ | 33,675 |   |

----

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

----

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

|                                         |   | Weighted |      |     |   |
|----------------------------------------------|--------|----------|-----------|----------|--------|
|                                         |   | Average  |      | Exercise |   |
|                                         |   | Shares   |      | Price    |   |
|                                         |   |     |      |     |   |
| Outstanding,                  March 31, 2006 |   |     | 1,200,000 |     | $      | 0.0001 |   |
|                                         |   |     |      |     |   |   |   |
| Granted                                      |   |     | -         |     |   | - |   |
| Canceled/Expired                             |   |     | -         |     |   | - |   |
| Exercised                                    |   |     | 1,200,000 |     |   | - |   |
|                                         |   |     |      |     |   |   |   |
| Outstanding,                  March 31, 2007 |   |     | -         |     |   |   |   |
|                                         |   |     |      |     |   |   |   |
| Exercisable,                  March 31, 2007 |   |     | -         |     |   |   |   |

|                                   |   | Line                  of |    | Debt        |   |
|----------------------------------------|--------|--------------------------|---------|-------------|--------|
|                                   |   | Credit                   |    | 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**

----

|   | · | Revenue                recognition |
|--------|--------|------------------------------------|

|   | · | Stock based                compensation |
|--------|--------|-----------------------------------------|

----

**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/                Richard Miller  |   | Chief                Executive Officer, President, Acting Principal Accounting Officer                and                Director |   | May                18, 2007 |

----