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Friday, April 17, 2009

6 Havana Lane Old Town Key West - Short Sale

This week the Obama Administration opened the door to travel to Havana just a bit. I'm thinking it's going to open pretty wide fairly soon. I think such a move will be positive for both Americans and Cubans. The exchange of commerce and ideas doesn't hurt anybody. Key West already has a brisk tourist trade by ferry from Ft. Myers. I assume there will probably be a similar Key West-Havana connection not to far into the future. But I have a better idea: buy a vacation retreat at 6 Havana Lane in Old Town Key West. Forget the 90 miles to Cuba bit. It's less than a 9 minute walk to Duval Street where you are still (technically) in the United States, most people here speak English (except at the Winn Dixie checkout register), and the American dollar is still accepted.

This is how the listing Realtor describes 6 Havana Lane in Old Town Key West: "This Conch style home in the heart of Old Town Key West has been beautifully renovated from top to bottom. Step behind the front door into a private oasis complete with a heated swimming pool and three - yes that's correct - three off street parking spaces. Immaculate home with Central air conditioning, updated kitchen, and three bedrooms. The third bedroom is located on the second floor with its own private bath making this the ideal guest suite. French doors on the first floor in the kitchen and living room open to covered porches leading to the private courtyard. All just steps from world famous Duval Street, shopping and restaurants."

6 Havana Lane is located in the southeast part of Old Town near the corners of Truman Avenue and White Street--just about 1/1 block to the west. It's near Truman but not on Truman. If you blink when you are driving on Truman, you'll miss the turn. That means few tourists will be riding down the street and certainly you'll never see a Conch Train.

The county records show that this two building property only has 1021 sq ft of living space and that there are 3 bedrooms and 2 baths. The lot is 2915 sq ft per the tax roll.

6 Havana Lane was recently converted to a Short Sale. The asking price was reduced from $869,000 to $699,000 or $685 per sq ft.

If you are looking for a Key West retreat and are among those that feel now is the time to buy before prices start to go back up, you may want to take a look at this property. Please call me, Gary Thomas, 305.766.2642 to schedule a showing.

Oh, if you think the price is too high, consider this: another realtor listed 1020 Southard Street a couple of days ago. It was listed for sale at $1,975,000 or $670 per sq ft. It is now under contract. In less than 3 days.

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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.