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Friday, October 24, 2008

915 Washington - Casa Marina Area - Key West - Short Sale




I have lived in the Casa Marina Area of Key West since 1995. I have watched the fall and rise of many structures over those years. I have seen the explosive growth of the early 2000s and the decline over the last three years.

Ever since I moved to the area I could be assured to hear some contractor's electric power tools buzzing from 8:00 AM until around 5:00 PM. There was always somebody doing something to their house. Until this year. The number of projects has dwindled to a trickle as the market in Key West turns on its head. There are still some projects going on. But not like before. Some of the big projects are nearing completion such as the Key West Steamplant and the new hotel rooms at the Southernmost Resort (where Atlantic Shores used to be located).

The cute little house at 915 Washington Street was redone several years ago. I watched as it was renovated and updated for today's lifestyle needs. Rooms were reconfigured, bathrooms updated, kitchen replaced, decks, pool and landscaping added. And now that house is offered as another Short Sale at the asking price of $719,000 or $594 per sq ft. I think the house will end up selling at a much lower price. This is how the listing Realtor describes the property: "This excellent Casa Marina value is a short sale and subject to lender approval. From the custom Conch shell gingerbread trim to the delectable tropical pool, this delightful Casa Marina gem will please one and all. Open kitchen, scrumptious tropical colors, and desirable Casa Marina location in addition to 3 bedrooms with baths en-suite plus powder room make this value stand out."

The house is 1211 sq ft and sits on a 3600 sq ft lot at the corner of Washington and Grinnell Street. The author Judy Blum used to own two separate houses on either end of the block just a few years back. The house directly across the street at 916 Washington Street. sold in March 2008 for $2.4 million or $600 per sq ft for the 4000 sq ft home on a large 7480 sq ft lot. That house was new and the new owner did what so many high end buyers do: he tore out much of what the prior owner had done and rebuilt the house to meet his needs. I heard he spent a cagillion on it. The point is that the neighbor hood is solid. And I can testify that it is quite.

CLICK HERE for more detailed information and photos of this cute house. I think this could be an excellent buy for someone who is willing to go through the waiting period to buy a short sale property. This house has so many of the features that second home owners look for in a Key West home. And this house is located about four blocks from the Atlantic Ocean.

Want to see this charmer? Please call me, Gary Thomas, 305-766-2642, or e-mail me at kw1101v@aol.com.

5 comments:

Anonymous said...

I looked at this house during the open house a few weeks back, and while I agree it's "cute" on the outside, the inside configuration of the rooms is just plain odd and doesn't make much sense. It would appear that whenever the last renovation was performed, it was on a limited budget. However, there are alot of "odd" people down here who would probably love the house...

Gary Thomas said...

This is a "vacation" house. It's a place to get away and have fun. It is not a full time residence. Maybe that is why you find the layout troubling. Although I agree getting to the third bedroom is cumbersome.

If you think people in Key West were odd a few weeks ago, you should see what is walking around on our streets this morning...

Leftover revelers from last nights Fantasy Fest Peoples' Parade.

Gary

Gary Thomas said...

This cute house SOLD December 22 for $652,000, $2,000 over the asking price. Somebody got a great deal.

Gary

Gary Thomas said...

This cute house SOLD December 22 for $652,000, $2,000 over the asking price. Somebody got a great deal.

Gary

Gary Thomas said...

This cute house SOLD December 22 for $652,000, $2,000 over the asking price. Somebody got a great deal.

Gary

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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.