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Friday, March 9, 2007

A Room with a View




3 Sunset Key Drive is the exception, not the rule, in Key West real estate sales today. Click the address and you can see what this ocean front home priced at $6.5 million has to offer. But the catch is: it SOLD in mid February 2007 for $5.8 million.

We have had several big sales on big houses during the past year. But the market on low-end and mid-range properties is stagnant. Very little is moving. The properties that are selling are either priced "to sell" or are special, such as the house on Sunset Key. There are several homes on Sunset Key currently available, but they are not waterfront and do not have the allure of the aforementioned home. It is unique.

The aerial photo at the upper right shows Sunset Key--just to the west of Mallory Square in Key West. The house that sold is just below the pier on the left side of the photo.


There are 26 days of prime selling time between today and Easter Sunday. The day after Easter most hotels and guest houses reduce their rates. The budget minded traveler's start their annual treks to Key West in search of sun and fun. They make toy with the idea of buying a home in the Keys, but my experience has been that people that are too cheap to pay full fare to come here during season are also too cheap to buy a house--no matter how deep the discount.

There are some very nice properties with great views available at reasonable prices. Why not plan a trip to Key West to check buy your dream home in Paradise.

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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.