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Wednesday, December 29, 2010

6 Tern Lane - Geiger Key - Bank Owned


The new Bank Owned duplex located at 6 Tern Lane on Geiger Key is a property that may appeal to a select group of buyers who want direct water access at an affordable price. The property is located east of Key West at Mile Marker 10. CLICK MAP. While I have not yet seen this particular property, there are two things I know about the area. First, the Naval Air Station located there. That means houses in the vicinity will always be subject to the noise of jets. Second, there is a desolate nude beach up there someplace. If either offends your sensibilities, don't read any further. (Please don't send me emails asking how to find the beach because I don't know.)

The listing Realtor describes 6 Tern Lane this way:
"The main house features a 3 bedroom 1 bath unit upstairs and a 2 bedroom 2 bath unit downstairs. Waterfront duplex located just minutes from Key West, this property is nestled at the end of a small private road with a private pool and hot tub."
The agent that listed this house when it sold in Mach 2006 for $699,000 described it this way:
"Own your own Waterfront Tropical Retreat & Nature Preserve! Located just minutes from Key West, this property is nestled at the end of a small private road. The main house features a 3 bedroom 1 bath unit upstairs and a 2 bedroom 2 bath unit downstairs. New pool has a unique coral rock waterfall, adjoining jacuzzi and Tiki Hut. Grounds surrounding offer a lagoon, tropical gardens, walking paths and covered sitting areas. There is a small beach nearby. This is truly all the Keys offers wrapped up in one property!"
Some buyer will look at this isolated waterfront property and see Paradise

And some fisherman will look at this photo and call it Home

6 Tern Lane is a duplex with a total of 5 bedrooms, 3 baths situated in 2051 sq ft of living space on two levels. The lot is a whopping 16,672 sq ft. The house was built in 1968. County property records show a new roof was installed in 2001 and other improvements added after the last purchase. The asking price on this Bank Owned property is $291,900 or $145 per sq ft. CLICK HERE to checkout the current mls datasheet and to view the current mls photos submitted by the current listing Realtor.

Below you will see some photos I found that show how this same property looked in 2006. Please note that the old photos are just that: old photos of what a house and grounds and pool looked like a four years ago. Do not assume that the place looks nearly the same now. The photos are offered only to entice potential buyers to take a personal look at the property to see the current condition.

6 Tern Lane as it appeared in 2006

The pool at 6 Tern Lane as it appeared in 2006

The pool, spa, and grounds as they appeared at 6 Tern Lane in 2006

A place that has this much to offer at such a low price (by Key West standards) deserves a look by a potential purchaser that wants space, seclusion, a pool, water access, and an affordable price. Please call me, Gary Thomas, 305-766-2642 to arrange a showing. I am a buyer's agent at Preferred Properties Coastal Realty, Inc., and I would love to work with you to find your place in Paradise.

1 comment:

Anonymous said...

I've heard from the local that some have to scrape the exhaust off of their roofs! Great little bar on the water, though. Owned by the Hogfish group, I think.

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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.