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Tuesday, June 9, 2009

529 Olivia Street with Transient License - Key West



Once there were two. Now there is just one. Yesterday the single family home at 531 Olivia Street in Old Town Key West was sold for $525,000. It had been offered as high as $999,500 in 2006. CLICK HERE to see what you missed.

But 529 Olivia Street is still available. At least it is as of this writing. The listing Realtor describes this property this way:
"'OLD KEY WEST' TRANSIENT LICENSED CONCH HOUSE. GREAT INTERIOR IS UPDATED & STYLISH, DECORATED & FURNISHED TURN-KEY FOR IMMEDIATE CONTINUED RENTAL OR AS A GREAT VACATION HOME. GREAT CENTRAL LOCATION NEAR BOTH DUVAL, TRUMAN & SIMONTON STREETS! FRONT PORCH AND REAR YARD W/HOT TUB, OFF STREET PARKING. SHARES A DRIVEWAY WITH THE IDENTICAL HOME NEXT DOOR."


CLICK HERE for more info on this house and to see photos of the inside. The property is managed by a local property manager and the place stays rented. It has its own parking. And it has just about everything a vacationer wants - except a pool. And I think there may be room for a pool. This property has a transient license which means you can rent it daily, just like a hotel room and get all of that income to help defray some of the cost of ownership. 529 Olivia Street is offered at $550,000 furnished and with the valuable Transient Rental License.

If you are one of the many potential buyers that want to buy a place in Key West and have your place in Paradise help pay for itself, 529 Olivia Street may be what you are looking for. Please considering calling me, Gary Thomas, 305-766-2642 or contact me by e-mail at kw1101v@aol.com to discuss purchasing this property.

3 comments:

flipper said...

Hey Gary, long time no chat. Sounds like the market is picking up a bit there and keeping you very busy. Good to hear. I came across this article the other day that you may have already seen. Very interesting.
http://rocktrueblood.blogspot.com/2009/06/higher-they-come-harder-they-fall-one.html?ref=patrick.net

Anonymous said...

WOW! Great post by Rock but I feel sorry for those who got involved in such a 'project'. Is there any recourse for those who lost their deposit money?

Anonymous said...

Very intersting flipper, thanks. Gary I really enjoy your blog. You and your readers provide some really interesting perspectives. I really appreciate the effort you put into it, thanks.

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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.

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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.