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Monday, February 8, 2010

What a Difference a Year and a Gay Make !

1212 Olivia Street - Key West - January 2009

Way back on January 12, 2009 I wrote a new blog entry on 1212 Olivia Street. CLICK HERE to read what I said then. The property was a newly listed bank owned house in Old Town Key West that was priced to sell at $599,900. I showed that house twice the day it was listed, and other agents were there right along with me at both showings. Someone had removed the kitchen and did some minor damage by removing bathroom sinks. But that house had a wonderful rear yard and large pool that more than made up for the inconvenience and cost to repair and replace things that were missing. That house went under contract within seven days of being listed and closed within 3 months for just $540,000. CLICK to see sold listing data.

The new owners engaged a local gay duo that "do" houses very well. Within a matter of months the place was spiffed up and made even better than before.

I received a phone call yesterday about this house. The gentleman mistakenly thought I wrote the blog in 2010, not 2009. I explained the house sold within days of being listed and told him know what a good deal he missed. I later recalled that I had received several other phone calls and emails on this particular property during the past few months.

I drove past 1212 Olivia Street earlier today. Right below you will see a photo I took today that proves my point about what a difference a year and a gay (duo) make. The guys that did the interipr dod a terrific job. I'm sorry to report I don't have any photos, however.

1212 Olivia Street - Key West - February 2010

If you are thinking of buying a house in Key West You can search the official Key West Association of Realtors mls website by CLICKING HERE. If you see something you like, please call me, Gary Thomas, 305.766.2642 or contact me by email at I am a full time Realtor at Preferred Properties Coastal Realty, Inc. Our office is the exclusive lower Florida Keys affiliate of Christie's Great Estates.


Anonymous said...

I seems incredible that the house was listed at $1.375M in 2008 and ultimately sold for $0.540M in 2009.

One of those numbers seems to be out of touch with reality. Unfortunately, I don't know the market well enought to know which.

Anonymous said...

The Captain says:

I was in this house during the 7 day period it was available. It was a good buy, (it's a great location as well).
I like what the "gay duo" did. Who are they? I think props are in order.

Captain out..................

Gary Thomas said...

Captain, et al: The reason I wrote about this place is that so many potential buyers get frightened about how difficult or expensive it is to fix a place up.

If you hire the right people and watch your budget carefully, you can end up with a very nice end result.
I have seen some very bad but very expensive remodels. This house did not cost all that much to fix. And it really came out great.



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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.