Search This Blog

Monday, February 15, 2010

210 Golf Club Drive - The Sanctuary - Bank Owned with Panache

The relatively new bank owned property located at 210 Golf Club Drive may be the the "ideal deal" you have been looking for. This single family home is located in The Sanctuary at the Key West Golf Club. Driving through The Sanctuary is like taking a Universal or Disney Studios tour bus through a movie back lot. Each single family is just a bit different than the next, but every home has the traditional two story Key West Conch style architecture. Every front yard has a classic white picket fence. The one-way drive loops the development. Either side of Golf Club Drive is lined with mature palms and specimen trees. It's prettier than the set of Desperate House Wives and it is located in Key West.

This is how the listing Realtor describes 210 Golf Club Drive:
"Beautiful free standing single family home located in The Sanctuary at the Key West Golf Club. The main floor has a functional kitchen, 1/2 bath and large living room. The open floor plan extends to covered patio and cocktail pool. Upstairs has 2 master suites and laundry facility."
Here is my take: this 1120 square foot home sits on a 1939 sq ft lot on great street. No doubt about that. The main floor is one big open living area with kitchen. There is not a lot of pizazz about that. There are two nice sized bedrooms with en-suite baths on the second floor. Each bedroom has abundant light on three sides plus each of the bathrooms has a separate window. Even though this house was only built in 2000, it does have some termite damage and some what looks to be wood rot. But neither of those factors should deter a serious buyer. This home is bank owned and is offered for sale at just $346,400 or $309 per sq ft.

This home has its own private pool and enclosed rear courtyard. The pool is small but I believe the pool could be enlarged. The house is located adjacent to the covered parking structure and it has its own side entrance that leads right to its covered parking spot. Think about that when you need to schlep groceries from a parking place or driveway anywhere. I would estimate the span between back door to the car trunk would be 50' at most, and most of that space is under a roof of some sort.

This house is not in perfect condition, but it is certainly not in bad condition. There is some termite damage, but most of that appears to be limited to soft new pine trim that is easily replaced. There is also some exterior wood trim that needs replaced. I am not a certified home inspector so my opinions are just those of a lay person. I always advise buyers to have a certified home inspector look at any potential home purchase. CLICK HERE to read more detailed info and to view more photos.

The house at 210 Golf Club Drive is not located directly on the golf course so you do not need to worry about an errant ball knocking your noggin or breaking a window. CLICK HERE to do your own search of homes in Key West priced under $350,000 to see why I think this might be an ideal deal.

CLICK HERE to compare 210 Golf Club Drive to the five other current single family homes in the Sanctuary. None of these homes are shown as either bank owned nor short sale.

This Bank Owned house is not occupied and can be shown at almost any time. Please call me, Gary Thomas, 305.766.2642 to schedule a showing. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Somebody is going to but this place in Paradise. Might that someone be you?


Anonymous said...

If memory serves me right, the previous owner converted this into one large master suite on the second level. The present owner must have converted it back to its original plan. I know this because I saw it several years ago (about 5 I believe) when it was one large suite and bypassed on it. I am sure it was 210 - does this sound right to you?

Gary Thomas said...

Dear Anon, It must have been another unit. I went back and looked at the five prior listings on this and the accompanying photos. Always shown as 2 bedroom 2 1/2 bath home. This sold in April 2005 for $890,000 when it was listed as the lowest priced spa home in The Sanctuary.

This place looked so much better when it was nicely furnished and cared for.

I don't think you can buy a 680 sq ft condo at Shipyard for the even the asking price on this much larger single family home.

I'm changing my blog to add a list of other single family homes in The Sanctuary so readers can compare this house to the others. They are all priced over $200,000 more than this and the average price per sq ft is $413.


Anonymous said...

Thank you Gary. Yes, anything at this price in the Sanctuary is a sweet deal. I would love to see how long it is on the market and its final sale price - you couldn't ask for a better location out there.


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.


Free Counter

Key West

Key West
You could be here!

Blog Archive

Gary Thomas in a Nutshell

My photo
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.