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Monday, October 27, 2008

716 Olivia Street - Key West - Short Sale





The Arts & Crafts house at 716 Olivia Street is sitting vacant and looks a little forlorn. The county records say it was built in 1938 but those records have been known to be wrong because the Great Key West Fire destroyed the county records. So many buildings were given approximate dates of construction. Be that is it may, this house has been basically rebuilt with all of the features we require in the first decade of the 21st Century.

The renovation to this 2352 sq. ft house of 4 bedroom and 3 bath house is nearly complete. Interior finishes include Walker-Zanger stone baths and kitchen, Omega custom cabinetry, pre-wired multi-zoned sound system, Dade County pine, mahogany and maple floors with walnut inlays. Don't overlook the custom designed wrought iron stair rails. Outside features include attached carport, cabana with half-bath, storage and entertainment area bordering a 35'x13' heated pool with lap-lane and spa lined with imported English glass and Jerusalem stone coping. The lot is 5146 sq ft. The house is about 90% finished which means the buyer gets to complete the tiling of the pool, the cabana, the landscaping, and the installation of the kitchen appliances.

Everything that has been done or installed was done correctly and with attention to detail. The finishes and materials are first rate. The master bedroom suite takes up the entire rear of the house and it features a large balcony overlooking the pool and gardens (to be) below. The masterbath is bright, elegant, and appointed. The other bedrooms and baths are equally well appointed, but not quite as large.

The first floor has a formal living room, study, bath, dining room with french doors that open onto one of the decks, laundry room, and a very large and bright eat-in kitchen.

The house is located about a 3 minute walk to Duval. But its only one minute to Seven Fish Restaurant. You're close to everything, but far enough removed to enjoy the quiet neighborhood.

CLICK HERE for more information on this one of a kind Key West home. If you like what you see, please call me, Gary Thomas, 305-766-2642 to schedule an appointment to see this property. It is priced at $1,995,000 and it is a Short Sale. This is not my listing. And this is just my opinion: this house will most likely sell at a price way below the asking price. I encourage realistic buyers to look at this property. I think this property will require a Cash Offer to get approved.

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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.