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Wednesday, June 16, 2010

1217 Petronia Street - Short Sale - Key West

This listing Realtor describes the charming home at 1217 Petronia Street this way:
"This beautifully renovated two bedroom Classic Conch home is located in The Meadows of Key West. The main living area features a cathedral ceiling, hardwood floors and a spiral staircase that leads you to a large sleeping loft with room for an office or sitting area. The very private yard includes a wraparound deck, heated pool and a separate pool cabana. This is a potential short sale transaction subject to lender approval. Owner is a licensed Florida Real Estate Salesperson."
This home 1507 sq ft home has two official bedrooms (downstairs at front of house), the second floor loft (quiet large), and the pool house which could be used as a guest bedroom and 2 1/2 baths. This home could function as a full time family home with room for the grown-ups and kids or as a great getaway house for buyers who want a place where they can relax with their friends and family. The main living area is at the rear half of the house where French doors open onto the covered patio. The pool and pool house lure the people on the inside to come outside.

This property was renovated in 1999. I'm not a builder or home inspector but the workmanship looked pretty thorough to me. The front of the house is very Key Westy cute but it is the pool area that really awes the viewer. This property is a short sale. It has been under contract twice before and unfortunate events prevented the first buyer from completing the purchase. A second buyer decided he could not wait for the lender to move as quickly as the buyer wanted. So now this property is back on the market.This is a lot of house for the asking price of $575,000 or $382 per sq ft. CLICK HERE to review the mls data sheet and to view photos supplied by the listing agent.

Please call me, Gary Thomas, 305-766-2642 or email me at for more information. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.


Anonymous said...

We made an offer on this house late last year that was about 8 hours too late. I guess I should be thankful because we would probably still be waiting...


Gary Thomas said...

Mike, As I understand it the first deal did get approved but something very, very unfortunate happened to the buyer which made it impossible for him to close.

The house went back on the market and that offer got close to being approved when that buyer walked.

Nothing has changed with this house. It is a great home in a very good location. Unlike a lot of houses, this place does not have a lot of expensive work that needs to be done.



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.