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Friday, October 24, 2014

1311 Newton Street - The Meadows Area - Key West

Just Listed by referred Properties (that's where I work but this is not my listing) 1311 Petronia Street which is located in the Meadows Area of Key West. The listing Realtor describes this 1272 sq ft property as
"Property is presently set up for 3 rental units and a bonus unit in the back for owner or caretaker. Could easily be converted back to a single family home. Has had some remodeling and updates. Great quiet neighborhood with ample on street parking."
I looked through my old shoebox and found a photo taken in 1965 that shows this property when it was a single family home. And look at what that little twig of a tree grew into in 49 years.
I then searched the Historic Sanborn Fire Maps to see if I could determine the approximate time this house was built. The very first time this house appeared on a Sanborn Ma was in 1912, but that does not mean it was constructed near that time. Blocks of houses were omitted from earlier additions of the maps. So all we know is that this house dates back to at least 1912.
 This was previously a single family house with a rear cottage that was converted to a multiple family dwelling several years ago. The character of the neighborhood really suggests that it is time to take this back to a single family home in my opinion, but a new owner could continue to rent the three legal units (there are three electric meters).  There is a scarcity of rental housing in the Old Town and Meadows area. It would be pretty easy to re-rent the three units and start collecting income.
I have posted photos of some of the rooms and the rear lot so that readers can get an appreciation of the condition of the house and size of the yard. 
CLICK HERE to view all the photos I took of this property. I do think it could be an up and running three unit building immediately after closing were a new owner looking at purchasing it as an investment property. But I believe the highest and best use of the property would be to take it back to a single family home.

The Monroe County Property Appraiser shows this property as having 1272 sq ft of living space capable of being air conditioned. The lot is shown as 3288 sq ft. There is more than enough room for the construction of a pool. Maybe the rear cottage could be converted into a pool house or possibly be removed to create even more rear outside living area.

CLICK HERE to view the Key West mls datasheet. Then please call me, Gary Thomas, 305-766-2642 to schedule a showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

Thursday, October 23, 2014

1723 Bahama Drive - Key West

1723 Bahama Drive is located at the easternmost edge on the Isle of Key West. This three bedroom, two bath home is as clean as a whistle and ready for a new owner to move into.  The listing Realtor describes the home as...
"Bright and airy 3/2 family home, on one level with a very large pool. Open living/dining area lead to a covered lanai, outdoor kitchen and a cabana with a shower off the pool. Outstanding landscaping both in the front and back, designed by one of Key West leading landscape architects. This home has no record of flooding during Wilma. Hurricane doors and windows. There is also 1 off street parking spacel."
This home has a mellow, easy flow from room to room and a seamless transition from inside to the outside.  The laid back island lifestyle is evident everywhere from the large open living areas to the colorful bedrooms.
The front yard and rear garden were designed by landscape guru Pat Tierney.  1723 Bahama Drive has a densely planted front yard with low maintenance native plants that save water and provide plenty of privacy.  The owners have created their version of tropical paradise that includes a very large (and sunny!) pool surrounded by palm trees and tropical foliage. There is a covered lanai, an outdoor kitchen, and lots of room to grab an all over tan. Oh, yes, there is a colorful outdoor shower as well!
CLICK HERE to view more photos of this really charming Key West home that is ready for you to move into and start living the Life of Riley you have dreamed about for so long.

1723 Bahama Drive was built in 1963 of CBS (concrete block construction with stucco over). The house has 1473 sq ft of living space that sits on a 56' X 100' lot. The lot backs onto mangroves so you will lots of privacy when you use the outdoor shower.  The house itself is tastefully designed. The rooms ought to  accommodate most styles of furniture with ease. There are new tile floors, new A/C, and new wind impact windows and doors throughout the house.  I did not notice any deferred maintenance anywhere.  All of the outdoor spaces are tastefully designed and outfitted with quality materials. 

Buyers who want a second home in Key West often overlook properties like this because they are not located a couple of blocks from Duval Street. Well, 98% of the houses in Key West are not located there either. This owner has a street legal "golf cart" type vehicle that zips down to Old Town  or anywhere else when the mood strikes.  The owner has a bigger home than most of the properties in Old Town and a beautiful sunny pool with lots of room for family and friends. As prices continue to rise in Old Town, smart buyers will look again at homes like these as wise investments.

CLICK HERE to view the Key West mls datasheet on 1723 Bahama Drive which is offered for sale at $689,000. Please call me, Gary Thomas, 305-766-2642 to set up a private showing.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your home in Paradise.

Wednesday, October 22, 2014

3800 Duck Avenue - Key West - Bank Owned at New Lower Price

Buyers who are weary of the high priced houses in Key West should consider expanding their search criteria from Old Town to New Town; from totally prime to fixer-upper; from pricey per square foot to the least expensive house on a per square foot (or webbed foot) basis.  The Bank Owned house at 3800 Duck Avenue, Key West is now offered for sale at just $328,500 or only $194.62 per square foot.
3800 Duck Avenue is located near the eastern end of the Island of Key West.  The house sits on a large fenced lot that measures 49' X 120' (5855 sq ft).  The house was built in 1958 and fits comfortably in the neighborhood where most of the original houses have been expanded. The Monroe County Property Appraiser shows this house as being 1688 sq ft which includes a small shed addition at the front and a large new great room addition at the rear. There's also an 80 sq ft storage at the back of the large fenced back yard.  
Three sets of French doors at the back of the great room open out to the quite large back yard where there is room for a large pool. The rear shed could be converted into a small cabana or maybe child's playhouse. The backyard has an existing sliding gate as well.There is probably room for a carport if a new owner wanted to add one.  I think the backyard area offers endless possibilities for a new owner. 
A prior owner did some renovations to the original house. A new owner could work on and improve the prior owners attempt to upgrade the house. The house as currently configured has two bedrooms and one bath. There is the remnant of a second kitchen in the original part of the house as well.

This house would benefit from a thoughtful redesign of spaces in the original house. Walls could be moved to create better room usage and flow through the house. CLICK HERE to view the Key West mls datasheet on this BANK OWNED property. Then please call me, Gary Thomas, 305-766-2642 to schedule a showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.


Friday, October 17, 2014

1314 Petronia Street - Key West - The Meadows Area

The new listing at 1314 Petronia Street located in the Meadows Area of Key West is not the typical cottage most of my readers are looking to buy. But maybe it should be. Consider the features of this new property as describe by the listing Realtor:
"This vibrant, avant-garde 2 bed 2 bath masterpiece, embodies the elegant, tropical indoor/outdoor living for which Key West is famous. Glass sliders disappear, uniting the living room with the poolside, covered outdoor dining area and stunning stainless steel wet bar. The stylish kitchen features gas cooking, granite counter-tops, and ample space for prep and entertainment. The master bedroom suite features vaulted ceilings, double French doors leading to a private terrace, en suite bath with adjoining outdoor shower and direct access to pool. Also handy to the pool and master suite is a dry bar with extra storage. The guest bedroom has private access to second bath and spacious laundry room. Come see this secret gem in the Meadows today!"
The dining room, kitchen, and living room all have views that look out to the covered outdoor living area and pool.  The master bedroom with en-suite bath is located a step or two away which makes an early morning or a late night dip a pleasure. The guest room is conveniently located on the back side of the house for total privacy.
CLICK HERE to view more photos I took of 1314 Petronia Street.  This home would make a great vacation rental property. Who wouldn't love to get up in the morning or go to bed in the evening in a home that is so open and welcoming?  This two bedroom, two bath home is offered for sale at $1,034,950. Better than looking at photos, however, is taking a look at the house itself. Please call me, Gary Thomas, 305-766-2642.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.  Let me help you find your place in Paradise.

Disclaimer

The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.

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Gary Thomas in a Nutshell

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Key West, Florida, United States
I first read about Key West in a magazine called "After Dark" sometime in the mid 1970's. But it wasn't until March 1984 that I made my first visit to the island that would become my home. I had two weeks for a vacation and reserved a room at Colours Guesthouse (now Marrero's Guest House) for one week. I thought that if I didn't like Key West, I could always go back to Miami or Ft. Lauderdale for the rest of my trip. But after a couple of days in Key West, that was no longer a consideration. But when I wanted to extend my stay for the extra week I found there was no room at the inn. The guesthouse owner did find me a room at LaTeDa, the infamous guesthouse/restaurant. That's a story I'll write another day. But those two weeks in Key West gave me the realization that I had found Paradise. Key West has been my home since 1993 and my only regret is that it took me so long to get here. I am a full time Realtor at Preferred Properties CRI. Let me help you find your new home or business in Paradise. Living in Paradise is not a slogan, it's a way of life.