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Thursday, July 15, 2010

3334 Riviera Drive - Key West - Bank Owned

The Riviera Canal at sunset as viewed from the bridge to the Atlantic Ocean

3334 Riviera Drive Key West

The Bank Owned home at 3334 Riviera Drive was just listed for sale at the asking price of $750,000 or $$265,000 per sq ft for this large 2833 sq ft home that sits on a 11,062 sq ft lot in a great Key West location. Even though Key West is an island there are not that many homes that actually have water access. This property is one that does.

The listing Realtor describes this property this way:
"Nice one level ranch style home located on Riviera Canal being sold as-is. Open floor plan with large family room, eat-in kitchen, separate laundry room and wonderful master bedroom with oversized master bath. Additional features include covered off street parking, storm shutters, canal front pool and easy boating access to the Atlantic Ocean."
Atlantic Ocean access is about 5 blocks east

Riviera Canal runs east - west for about a mile on the north side of the Key West International Airport. The Riviera Canal was historically "the location" for the Key West elite. Many of the upwardly mobile professionals moved to that area in the 1960s and onward. Homes that actually abut the canal have always been in high demand by locals as the canal provides quick access to the Atlantic Ocean. Mangroves line the opposite side of the canal so canal life here is different than other locations where neighbors can see everything that goes on at the rear of the each others homes. Since this is an active canal people do pass by from time to time, but it's not quite the same thing as getting to watch your neighbors on a daily basis.

When I first moved to Key West a home on the Riviera Canal was a part of the Key West Christmas Homes tour. I was awed by the total privacy that home had and the nature views across the brief water span. So private and enchanting, it was. I immediately understood why some buyers would prefer that setting to an old house in Old Town.

Mangrove views across the canal and plenty of sunshine from up above

The house at 3334 Riviera was built in 1963. So it has many of the architectural features that were in vogue then. That roof line is unmistakable. When this home was listed for sale three years ago the listing agent then wrote "4-bedrooms, 2.5 baths, pool, off-street parking, quick access to the Atlantic. Every detail is attended to ... 200 sqft master bath/spa, waterfall faucets. Eat-in kitchen with Sub-Zero, JennAir, corian counter-tops. Huge family room w/surround-sound, laundry room, high-end amenities. Pella blinds-in-glass hurricane shield French doors, shutters, solid mahogany doors. " The asking price then was $1,649,000. It did not sell. But the house is pretty much the same; the view is the same; and the asking price today is much more affordable.

CLICK HERE to see the listing Realtor's mls listing presentation and to view a lot of current photos of this property. (The photos in today's blog were borrowed from a prior listing of this property and do not necessarily reflect the current condition.)

If you are a potential second home buyer looking for a place in Key West and want to see an alternative to Old Town and Casa Marina area homes and you would like to see 3334 Riviera Drive please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.


Anonymous said...

Gary, have you been in this house recently? I heard it is "a mess." Of course, at its new price -- now $710,000 -- it certainly allows for some fixer-upping. Homes in New Town are really selling at low, low prices lately.

Gary Thomas said...

Anon, Yes I have been there. Somebody with a lot of money spent it. Poorly.
It has one of the worst bathrooms-over the top (expensive) fixtures in a huge room with no privacy!

The house I wrote about at 3632 Sunrise is so much prettier and the pool is incredible. But it is already under contract to some very lucky buyer.



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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.