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Friday, July 15, 2011

820 Terry Lane - Key West - Bank Owned


Just listed, but not by me, 820 Terry Lane in the Bahama Village area of Old Town Key West. The price on this lovely little two bedroom home with 598 sq ft of living space plus a very large shared pool and an off street parking space is just $210,000. The listing broker describes this Bank Owned property like this:
"Cute Conch Cottage In A Unique Old Town Compound. Gorgeous Shared Pool, Welcome To Shangrila. Condo Restricted To Full TimeResidency 5 Unit Complex. One Off Street Parking Space. All Offers, Buyers Must Have Pre-qualification Or Proof Of Funds Before An OfferCan Be Submitted."


Terry Lane is located two blocks west of Duval Street. It is situated between Truman at the south and Petronia to the north. CLICK HERE for a Google Map aerial view of the location. If you have walked to Blue Heaven for pancakes or an evening meal, you probably walked right past Terry Lane. If you managed to walk to the top of the Key West Lighthouse you probably saw the house because it is located just a little over one block to the north.


CLICK HERE to view slide photo presentation of this property. You will observe a large winding pool sitting behind five houses. These five houses comprise the Terry Lane Court Condominiums that owns the common area including the pool. Each homeowner is responsible for the repairs and maintenance of the individual homes. 820 Terry Lane is one of only three homes to have a designated off street parking spot.

The house needs real good cleaning and a fresh coat of paint. The floor boards on the front porch need replaced. There is some minor wood rot in a couple of places. Otherwise, the house looked in pretty good condition. The house is currently configured with the two front rooms used as bedrooms followed by the kitchen living room at the rear. The bathroom is located off the living room. It might be a bit awkward of you had lots of guests. But a young couple or old empty nesters could make-do just fine with the arrangement. The rear of the house has a big vaulted ceiling and lots of windows that look out to the back porch and the pool beyond.


The listing broker got it right when she referred to the area as "Shangrila". This is the type of cute little compound many buyers dream of. And it is affordable.

If you would like to see 820 Terry Lane or any other property in Key West 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.

1 comment:

arrielle_p said...

I love the design of this place. I want to swim. My dream home has a swimming pool. Wish I could afford the price! Love it, it makes you feel calm and when you feel boring, just only swim in that relaxing water.

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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.