Search This Blog

Tuesday, February 6, 2007

Something New under the Sun




Scarcity creates value. That's why I think real estate in Key West is such a great value--even at today's prices because you can't grow the island any bigger than it is. Or can you?

Key West enacted an amendment to the city charter to restrict growth by limiting height and density of construction and renovation. There has been a big legal battle over redevelopment of the Jabour Trailer Park into waterfront condominiums. A similar battle was waged over redevelopment of the Atlantic Shores Resort into high-end ocean front condominiums. That case went to the Circuit Court of Appeals that reversed a ruling of the Monroe County District Court that misinterpreted the city ordinance.

But any time somebody wants to build something to increase the present use of a big piece of property it is almost assured that someone else will get their nose out of joint and want to interfere in the process. Not being judgemental. Just stating the facts.

Over the next couple of weeks I am going to mention several new development projects in Key West that may appeal to a variety of potential buyers.

Today's entry are eight new Victorian homes situated in the Heart of the Meadows in the 1500 blocks of Petronia and Pine Street. The Meadows is located within easy walking distance to Duval (about a 15 minute walk.) Each home is different is size, design, and price. Prices range from $1,695,000 to $1,995,000. This is a secure and gated community with private carports & indigenous landscaping. Pascal Delisse Interior Designs has created stunning interior schemes and will provide endless custom options with early purchase. Features include vaulted ceilings, hardwood & travertine floors, chefs kitchen with custom cabinetry & granite counters, luxurious master suite, dramatic custom lighting, impact windows, breathtaking patios & porches and individual private pools. The neighborhood itself is getting quite a makeover. A separate waterfront development is going on across the street (Eisenhower Drive). And the home directly across the street to the north has just been completed renovated. That house takes up 1/2 the city block and will add value to all homes around it. That my friends is a given in real estate.

Click the tile above Something New under the Sun for more information on these homes.

1 comment:

kingsten said...
This comment has been removed by a blog administrator.

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.
Powered By Blogger

Counter



Free Counter

Key West

Key West
You could be here!

Blog Archive

Gary Thomas in a Nutshell