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Thursday, April 1, 2010

731 Waddell Avenue - Key West - Short Sale

731 Waddell Avenue - Casa Marina Area - Key West - Short Sale

The asking price on 731 Waddell Avenue in the Casa Marina area of Key West was just reduced again. The new asking price is $1,099,000. Compare the current price to the price when this newly constructed home (completed in 2007) was originally offered at $2,750,000 in July 2007. The market has made a correction and this home is aggressively priced to sell. This is a short sale which will require the approval of the lender(s).

This is how the new listing Realtor describes 731 Waddell Avenue:
"Elegant new home situated on a gorgeous corner parcel in the Casa Marina area. Built new from the ground up this home enjoys a modern open floor plan with great room that overlooks a spacious backyard, pool/Jacuzzi & gorgeous stone patio. Built above flood elevation featuring impact doors & windows, hardie plank siding, fenced yard & irrigation system. 4 proper bedrooms with ensuite baths + 5th optional bedroom or den with full bath. 3 bedrooms on 2nd floor each enjoy spacious covered balconies. Tile & wood floors throughout,11 ft ceiling heights, great storage & more. Centrally located where a short stroll will take you to the beach, park, tennis courts, famous Duval Street or fabulous neighborhood waterfront restaurants."
The listing Realtor shows the houses have approximately 2892 sq feet of living space on a 5000 sq ft lot. Five bedrooms and five baths are unheard of in Key West. These are houses that can actually accommodate owners with large families or friends. No more sleeping bags or futons will be required. No more over-crowded bathrooms to endure. CLICK HERE for more detailed information and photos.

The size of this home really sets it apart from most other new construction in Key West. The physical size and interior living space is bigger than just about any other new property in all of Key West. The lots are large. The interior and outside spaces are well designed and user friendly. Each bedroom has its own exterior porch. The master bedroom on the front has an extra large second floor balcony with a partial view of the Atlantic Ocean. The two large second floor bedrooms each have rear balcnies that overlook the large pool and courtyard.

731 Waddell Avenue is located one block north of the Casa Marina Resort in the Casa Marina area of Key West. Higgs Beach, the private beach at the Casa Marina Resort, and Doggy Beach are within a couple of minutes walk. Duval Street is an easy five to ten minute walk as well.

This home has plenty of space for a large family or a buyer with lots of friends. It would make an excellent vacation rental because of the number of full-sized bedrooms, bathrooms, and pool. This home was designed for relaxed Keys living.

Please call me, Gary Thomas, 305-766-2642 or send me an email at for more information. I live in this area and love it for its convenience and the quality of life this area provides.

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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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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.