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Monday, May 24, 2010

1800 Atlantic Condominium Penthouse Short Sale

The interior courtyard and gardens are a wonderful surprise!

Five years ago I was the listing agent that sold 1800 Atlantic Unit C-435. It sold for $950,000. I was saddened to see that it is now offered for sale as a Short Sale at the current asking price of $525,000. This is how the present listing agent describes this unit:
"Everything that you could want in Key West! Located on Smather's Beach, this purchase opportunity offers a fantastic view of the Atlantic Ocean from the top floor of one of the premier condo communities in Key West. What makes this property special is income potential from a full transient rental license, allowing for unlimited vacation rentals, that is included in the sale. This 2 BR & 2 BA, 1357 sq. ft. penthouse unit has seen substantial improvements with a spectacular custom kitchen. As a penthouse unit, the main living area and the guest bedroom feature vaulted ceilings. Community amenities include a beach side heated pool, hot tub, saunas, 3 lighted tennis courts, 24 hour security & covered parking in a tropical resort setting."
This unit is located on the top floor and is the fifth unit back from the Atlantic Ocean on the Smathers' Beach side of the complex. For those of you who like to have something interesting to watch, this is the view for you. The ceilings are vaulted and provide a dramatic relief to the normal ceiling heights on floors one, two, and three. The greater volume in the unit just makes it seem larger than it is, but it still is quite large-1357 sq ft to be exact.

The large newer kitchen has a small dining area plus a kitchen island with separate bar area. There is plenty of cabinet space and counter top food preparation area. The spacious living and dining area are combined. Both bedrooms are quite large and the master bath is extra large. The living room and each bedroom have direct access to the extra large balcony that runs the length of the unit. Imagine having breakfast and dining watching the Key West early morning skies and sunsets from your penthouse deck.

Each unit has covered under-building parking plus a separate storage area. One of the two building elevators is located just steps away from this unit so it will be easy for you and your guests to transport bags, groceries, and cocktail makings with ease.

1800 Atlantic Condominium Unit C 435 is offered at the asking price of $550,000 or $387 per sq ft. Remember this unit has a valuable transient license which means you can rent it nightly every day of the year. CLICK HERE to read more information about this listing and to view more photos.

If you would like to see this unit or any other property offered for sale in Key West please call me, Gary Thomas, 305-766-2642 or email me at I am a full time Realtor at Preferred Properties Coastal Realty, Inc, in Key West, Florida. Let me help you find your place in Paradise.


Anonymous said...

And just what are the monthly condo fees? And how do they compare to other units not at 1800?

Anonymous said...

This has got to be lot easier to manage from a distance. Sort I wish we had gone the condo route for that reason....

Gary Thomas said...

Condo fees on this unit are $891.88 per month and include:
Cable, Sewer, Exterminating, Water, Bldg Exterior Maintenance, Building Insurance, Common Area Maintenance, Pool Maintenance. The grounds are always very well maintained. The pool is always spectacular.

Several different property management companies rent units in this complex.


Anonymous said...

YIPES! For 1800 Atlantic? What are they paying for - an assessment? Painting? I mean it does look like a bad prison now but these fees are OUTRAGEOUS for this condo-hotel!


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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.