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Friday, October 9, 2009

1218 Varela Street - Key West - Foreclosure




Just listed, but not by me, 1218 Varela Street CLICK HERE in Key West, Florida. This is a house you big house shoppers really ought to consider. I have not been in the house for a long time. But I vividly remember the first time I saw it. I thought it was amazing. Owners changed. The place got changed a bit as well. It was just foreclosed upon (but it is not a bank foreclosure)and now it sits empty. This may be an opportunity to get a great house in a very good location at a good price. You never know until you try. CLICK HERE to see the listing information and some photos of the interior and exterior of the house.

The listing Realtor describes 1218 Varela Street this way:
"Fantastic private compound available for your consideration now! The stately main home is comprised of three bedrooms, two and a half bathrooms and a den. The cottage contains a bedroom and a bathroom and makes an excellent private office. The guest house was at one time a legally separate address and contains one bedroom, one bathroom and a living and kitchen area. Bring your ideas to personalize and update this into a grand showplace!
This place is BIG! There is 3348 sq ft of living space on the 5855 sq ft lot. It is offered at the price of $1,500,000. When this same property was listed for sale (and sold for $1,100,000 in 2001) the then listing Realtor described the house this way "A Meticulously Renovated Key West Residence. The 2 Story Main Home Includes 3 Bedrooms / 2.5 Baths And Office. French Doors From The Rear Of The Home Lead To A Dramatic Loggia And A 43ft Heated Pool And Spa, Guest Cottage And A Separate 1 Bedroom / 1 Bath". I included his description because it adds detail I cannot provide. But it hearkens back to what I said at the outset about being amazed by this house. My first visit was at a party or something at night. The place just oozed sophistication. Everything at that time was tony.

1218 Varela Street is located across the street from the Montessori School.CLICK HERE and CLICK HERE. The kids arrive in the morning and go home in early afternoon. If the sound of little kids laughing annoys you, this house will not work for you. The house is located near the shops and galleries on White Street and it is a five minute or so walk to the beaches. And the house does have covered off street parking CLICK HERE. Except the "covered" part is missing at the moment. CLICK HERE for an aerial perspective.

If you are a big house buyer please call me, Gary Thomas, 305-766-2642, or contact me by e-mail at kw1101v@aol.com, to schedule an appointment to see this property.

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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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