Just listed, but not by me, 1121 Watson Street Unit #2 in the Conch Grove Compound in Old Town Key West. The listing agent describes the property this way:
"Renovated cigar makers cottage tucked away in a charming gated old town compound. Eleven homes share an extra large heated pool surrounded by mature tropical landscaping. Cottage was renovated in 2005. New roof in 2009. Move in condition. Just bring your flip flops and bathing suit to wile away the winter blues!! (Homes owned fee simple as part of a homeowners association.)"
1121 Watson Street #2 is located two blocks west of White Street and two blocks south of Truman Avenue in the Conch Grove Compound which consists of several cottages and single family homes that share a large sunny and heated pool, gardens, and off street parking. The property is not a condominium. The owner of each cottage or house owns the ground under the property in fee simple. But all property owners share ownership of all of the common areas. Each cottage or house is unique. So the place does not look like a Disney version of Key West. It is the real thing. And I mean that in the most positive way. Writer James Kirkwood, co-author of "A Chorus Line", was one of the first homeowners in the Conch Grove Compound. Local author David Kaufelt used to live there as well. CLICK HERE to view the Key West mls database on this property.
1121 Watson Street #2 is a one bedroom one bath cottage that is offered as a short sale at the asking price of $299,000. The cottage is just 420 square feet in size plus 5' x 14' porch. The Monroe County Property Appraiser shows that it sits on a 25' x 58' (1422 sq ft) lot. I know this is a small property. That is why it is called a 'cottage'.
If you would like to see this property, please contact me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. This property will not last long at this price. Serious buyers need to act decisively.