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Wednesday, January 19, 2011

Southernmost Point Guest House

Southernmost Point Guest House

Preferred Properties Coastal Realty, Inc. (that's where I work, but this is not my listing) just listed the Southernmost Point Guest House.

The listing Realtor describes this property this way:

"The Southernmost Point Guest House is a one of a kind property! The same family has been welcoming guests to this Victorian era mansion for over 20 years! Located on an enormous corner lot,the seven units are individual apartment units, not just rooms. Wide wrap around verandas offer views of the ocean, the pool and the tropical gardens. The grounds are large enough to accommodate parties on one side and peaceful solitude on the other. This versatile property could generate ancillary income through additional retail/commercial uses. Features include off street parking, a commercial grade laundry,and an A+ location in the heart of Key West's tourist area. This is a great opportunity. Seller financing possible to qualified buyer."

The county records indicate the house was built circa 1885
The above photo was taken in 1965

I went by the property this morning to take some current pics for you to see. I like to compare the way some of our grand old houses look today from yesterday. The sign on the front porch says it all -- NO VACANCY. That sign rarely moves because this place is always full.

The three most important words in real estate are location, location, location. The Southernmost Point Guest House has one of the very best locations in Key West. Click GOOGLE MAP for an aerial view that proves my point. The property is located about 200 feet from the Atlantic Ocean. Some of the rooms and verandas have ocean views. The property is one half block east of the world famous Southernmost Point so a lot of people walk by or drive by the location every day. The location is near the fun stuff and great restaurants on or near Duval Street, but it is not a the middle of the hubbub. At night the traffic is gone and the entire area is very peaceful. That is why so many visitors come back year after year.

South Beach

The current owner has a very successful business plan evidenced by that constantly hanging NO VACANCY sign. A new owner will probably develop a new business plan and perhaps redesign the spaces and usage. I think this property could successfully compete with a couple of our boutique hotels.

The Monroe County Property Appraiser shows 8296 sq ft of building space and a large 14,575 sq ft lot. That lot includes the buildings, gardens, pool, and the parking lot. The availability of on site guest parking is a feature most guest houses do not have.

CLICK HERE to checkout the Key West mls database and to view more photos on this property. Better yet, please contact me, Gary Thomas, 305.766.2642 or by email at I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Our office is the exclusive Lower Florida Keys affiliate of Christie's Real Estate.

1 comment:

Houston Lofts said...

What a beautiful pace. people love to visit such places and also to rest in such beautiful houses. You can get good visitors.


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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.