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Monday, October 19, 2009

809 Washington Street - Casa Marina Area - Short Sale - Key West





A few months ago I wrote about a short sale at 809 Washington Street. It got some comments after the sale here (and elsewhere) because there were other units priced higher that were also listed for sale. That unit sold for $775,000. It was a short sale.

Preferred Properties (that is where I work) has another unit at 809 Washington Street (Unit #102) that is now offered as a short sale at the asking price of $795,000 or $424 per sq ft for the three story 3 bed 3 1/2 bath 1876 sq ft townhome. This is how the listing Realtor describes this unit:
"Perfectly situated in the heart of the Casa Marina district is this truly beautiful 3-story townhome. Cathedral ceilings and custom-cut Carlisle Lumber pine floors welcome you to this quality home perfect for year round living. Bright & open great room, gourmet kitchen with stainless Viking appliances & granite counters, spacious bedrooms with en-suite marble baths and private balconies. Fenced for privacy, this elegant townhome boasts a private bricked patio with native tropical landscaping & relaxing heated pool. This townhome comes with one bricked off-street parking space. Close to Duval Street but in a very quiet residential neighborhood. Potential Short Sale may be subject to third party approval. Owner/realtor but not listing agent."
Even though this small development was not completed until 2007 the landscaping is lush and mature. The front is maintained by the homeowners association and it looks really great. Like so many Key West houses, this place is built with the indoor and outdoor living areas in mind. The interior living area looks out to the private 8' x 13'pool and garden area at the rear. That area is lush with greenery and the pool is so cool and inviting.

There are a couple of other units available in this same development but they are priced higher. If you are considering a town home as an option to a single family residence, CLICK HERE to compare all other three bedroom three bath units priced at $795,000 or less. There are others priced much higher. It pays to compare size, location, and price. I think you will find that 809 Washington #102 offers a lot of value for the asking price. CLICK HERE for more information and photos of 809 Washington #102.

I live in the Casa Marina Area and I love it. Houses in this area are close to the beaches and close to Old Town. Many full time residents live in this area whereas much of Old Town is not owner occupied. Most of the houses in the area are priced over a million dollars so the prospect for long term appreciation on your investment in the Casa Marina Area home will likely prove successful in years to come. You can get to the airport or out to Searstown or the Winn Dixie in about 6 or 7 minutes. Most of the commercial activity in the Casa Marina Area is limited to White Street and runs only three blocks south of Truman. We've got a sweet little ocean front restaurant called Salute on the Beach where you can wine and dine al fresco while you watch the sunset.

If you would like to see any of the townhomes listed above, please call me, Gary Thomas, 305-766-2642. I'd be pleased to show you around my neck of the woods. Preferred Properties Coastal Realty Inc. is the exclusive lower Florida Keys affiliate of Christie's Great Estates.

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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.