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Monday, March 1, 2010

1800 Atlantic Condominiums - Penthouse Units - Key West


1800 Atlantic Condominiums - Unit A 403 is the top floor mangrove side Penthouse


1800 Atlantic Condominiums interior courtyard


The seller of Unit A-403 at 1800 Atlantic Condominiums just reduced the asking price on this extra large Penthouse unit to just $664,000 or $460 per square foot. CLICK HERE I think the price, location, view, and fact that this property has a valuable Transient Rental License may be just the property a buyer seeking an income producing property may find interesting. This is how the listing Realtor describes Unit A-403:
"Spectacular Oceanview Penthouse. Located at 1800 Atlantic Condominiums on Smather's Beach, this resort style setting is loaded with amenities & considered one of the premier condo complexes in Key West. As a penthouse unit, the condo features large volume rooms with vaulted ceilings. A valuable transient rental license is included in the sale, allowing nightly/weekly vacation rentals. Completely furnished, you're ready to catch the income from the peak winter rental season. Originally a 2 BR & 2 BA model, the floor plan has been modified to present a huge main living area to capture the ocean view. 1800 Atlantic offers a heated pool, hot tub, grilling pavilions, covered parking & 24 hour security all in a private tropical oasis."
I did a quick search of THREE penthouse units currently available at 1800 Atlantic Condominiums. CLICK HERE to do your own price and feature comparison. I have not been inside of this particular unit, but I can tell from the photos that it looks like it has the original kitchen as when constructed. The two other penthouse units appear to have granite counter tops and newer cabinets. But with they are priced much higher in real dollars and in price per sq ft. Neither unit has transient rental license either. I guess you could spend a few thousand bucks for some new cabinets and granite counter tops if that would make you feel better.

I did a separate search of other all "active" and "active short sale units". CLICK HERE to checkout the other properties and do a comparison of those units. Certainly Unit A-403 is offered at a higher price point than many other units, but I urge potential buyers to consider the top floor ocean front location, the extra large size, the valuable transient license when you make your comparison between apples and oranges.

Although each unit is different in some aspects, all of the units at 1800 Atlantic Condominiums have use of the huge Olympic swimming pool, an extra large spa, three tennis courts, beautiful interior courtyard, covered off-street parking plus individual owner storage space.

If you would like to schedule a visit to see any of the units at 1800 Atlantic Condominiums, or any other property in Key West, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc.

2 comments:

condo in Philippines said...

Condos with a view like this was something lovely. You can rest fast while you are in that place sitting seeing the surroundings. What a peaceful mind you've got in here.

Paula M

Ray Brickman said...

Great ambiance for complete relaxation. Want to spend my holidays there.

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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.