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Thursday, June 23, 2011

516 Catherine Street - Old Town - Key West

516 Catherine Street - Old Town - Key West

Just listed, but not by me, 516 Catherine Street in Old Town Key West. This very attractive Conch House is located in the south part of Old Town. It's closest and most famous neighbor is LaTeDa which is located at the corner of Catherine and Duval Streets. It is the proximity to Duval Street and the fact that this house has been recently redone, that make this property a house worthy of your consideration. The listing Realtor describes 516 Catherine Street like this:
"Perfect Old Town gem just 1/2 block off Duval Street. This two bedroom, two bath sweetheart home has recently been completely renovated with a wonderful new pool, tile floors, new windows, Dade County pine walls and new central a/c. Very private backyard with native landscaping. It even has off street parking!"
New Pool
The house has 1201 sq ft of living space which includes two bedrooms and tow baths. The house has been significantly updated and a pool was added. Compare the house the way it looked in 1965 to the way it looks in 2011. Not much has changed on the outside but the innards as Granny Clampett would say are like new. CLICK HERE to checkout the Key West mls listing datasheet and accompanying listing photos.

516 Catherine Street as it appeared in 1965

516 Catherine Street in June 2011
This house appears to be located within the transient rental transfer zone. CLICK HERE to view the Key West city map that defines permissible transfer sites. This house is zone Hrcc-3 which is by definition a permissible receiver site. The fact that a property has the correct zoning and is located within a permissible zoning receiver location by itself does not mean the property can automatically receive a transient license, but it is better than the alternative of being categorically unable to receive transient license. I always tell a perspective buyer that wants to buy a house that does not have a transient license to verify with his or her attorney that the property he or she wants to purchase can be a receiver site. That being said, 516 Catherine Street would be a terrific location for a transient licensed house because it has the three criteria that make transient licensed houses so popular (1) pool, (2) parking, (3) stellar location near Duval Street. The asking price of $594,900 makes this property really attractive.

While 516 Catherine Street has off street parking but it is the ability to walk to any number of daytime or night time locations that makes this house such an excellent location.

World Famous LaTeDa is one-half block away

South Beach is a five minute walk to the south

Key West nightlife
If you are interested in purchasing a property in Key West, please consider working with 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.

1 comment:

Anonymous said...

Nice house.
Good location which is most important. Duval is steps away.

Pool. A plus.
Parking. In Old Town? Priceless!
Transient Rental License applicable? Asset.

Overall price? Comparable to other, less desirable locations.

Perfect for a vacation rental and with the acquired trans. rental lic. is a win-win combo.

Should be a winner to most any buyer.

A good one indeed.
Should sell quickly.

Disclaimer

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.