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Thursday, January 20, 2011

605 Free School Lane - Old Town - Key West

Free School Lane during Fantasy Fest

605 Free School Lane is located at the end of the quiet little the lane

The listing Realtor describes 605 Free School Lane in Old Town Key West this way:
"Absolutely beautiful renovation from top to bottom: This transient licensed home situated at the end of a quiet dead end lane in the heart of the historic district is currently being used as a vacation rental. The spacious floor plan includes a main level bedroom and bath, large galley style kitchen and great room with French doors that open to a large covered porch. Upstairs are two enormous master suites with French doors to a partially canopied balcony overlooking the landscaped yard and pool. Features include high ceilings, wood and tile floors and heated pool. The property is being sold beautifully furnished. Prior owner parked small car on property. Landscaping would have to be reconfigured to accommodate small vehicle."

The property is located in the best location in Old Town. The house is hidden away near the very end of a quiet little lane that ends at Nancy's Secret Garden. Click GOOGLE MAP to see an aerial view of the location. Actually look at the map and see how far removed this house is from day to day life.

The house was built new in 1984 and has recently been renovated. It is used a legal vacation rental, and it has the requisite Transient Rental License which permits daily rentals (but this property is only rented on a weekly or longer basis). The house is almost always rented. The good new is the place is a solid money maker. The bad news is the more often you use it yourself, the less income you will get.


When you enter the gate from Free School Lane you first see a lush yard with free form heated pool and then you see the beautiful 2 story home with an inviting large covered front porch. The first level features a great room, large galley style kitchen, bar area, full bath, bedroom and tile floors. There are French doors on either side of the great room that allows pool and tropical garden views. Upstairs are two enormous bedrooms with private baths, vaulted ceilings and wood floors. All rooms throughout the home have French doors opening to the outdoors. You won't believe the views from the second floor. They will make your friends green with envy.

For further reference this property is located very near the Hotel Marquesa. Duval Street is just one block to the west. Sarabeth's Restaurant is only a half block to the south. The Tropic Cinema, Red Barn Theatre and The Waterfront Playhouse are within a five minute walk. The Historic Key West Seaport is also located within easy walking distance. There's even a Starbucks on the corner of Duval and Fleming, just one block away. Nearby Fausto's Food Palace is a great place to buy regular groceries, delectable bites, and it has a first rate wine selection.

605 Free School Lane is offered at $1,199,000. CLICK HERE to read more information in the Key West mls datasheet and to view interior photos. This property is consistently rented. Advance notice is required to arrange showings so that guests are not disturbed. Please call me, Gary Thomas, 305-766-2642 to arrange a showing. I am a full time Realtor at Preferred Properties Coastal Realty, Inc.

1 comment:

Anonymous said...

Is the fireman included?

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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.