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Wednesday, July 13, 2011

912 Windsor Lane - Old Town - Key West - Bank Owned

The new listing at 912 Windsor Lane will be under contract within a couple of days because it has so many of the features many second home buyers look for in a potential Key West property including three bedrooms, two baths plus a half bath, vaulted ceiling in the living area, a private pool, and off street parking. You would never guess this house would have a pool or parking if you view it from the street. But it and the other similar old Conch cottages on Windsor Lane share a common entrance off Olivia Street where owners enter their homes from the rear instead of from Windsor Lane.

The house is a comfortable 1342 sq ft of living space that sits on a 26' x 100' lot. A previous listing of this property described the house this way: "Totally private Key West indoor/outdoor living space behind a historic facade. Open kitchen/great room with French doors opening to a deck with both sun and shade."

Pool photos from prior mls listing

As I recall this place will need some fix-up. And I am confident the pool and property do not look as good today as they did when the above photos of the pool and rear yard were taken. Pools and yards can be cleaned. Repairs can be made and broken things can be fixed or replaced. Having a pool in place and parking in such a great location is worthy of serious consideration.

St. Mary's Catholic Church is located up at the corner of Windsor Lane at Truman Avenue. Duval Street is just a four three block walk walk to the west. There are numerous gyms, yoga studios, and neighborhood shops and services within a few blocks of this location. But it is the nearness to all of the Old Town area that makes this location so very appealing.

912 Windsor Lane is Bank Owned and offered for sale at the asking price of $299,900. If you are interested in seeing this property 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.


Anonymous said...

Seems like with a little TLC inside and out and this place is a "can't lose" at that price!! Am I missing something here?

Anonymous said...

gary, do you think its a full gut? or a fixer upper?

Anonymous said...

full gut, also on a relatively busy street. still looks like a decent deal to the right person. Never a good sign when there are no interior shots of the listing and green indoor outdoor carpet is seen in photos of the pool area.

Gary Thomas said...

I took pics on Thursday for a potential buyer. Place looked much worse than I remember. Much! Much Worse. Holes in bathroom floor where you can see out. Uneven floors in living area. Still, the view from the great room looking to the pool with a huge canopy of trees beyond is quite remarkable. Yes, it is a gut. Yes it will cost money. But the money will be well spent. Remember Truman & Co sold the Sea Isle townhomes across the street for lotta denaro a couple of months back. This is great.

Anonymous said...

Sea Isle is no compare to this dump. You can't compare one to another on the same street in KW - even appraisers don't do that as each is so different. Total gut job. Busy street but not like Eaton. Sea Isle - didn't that property go belly up by the original seller/developer who did the redo from the old guest house and lost their shirt when the market went sour? Seems to me I remember Sea Isle back in 2007 as a mega project that fizzled badly.

Gary Thomas said...

Dear Anon, Of course this property is no comparison to the former Sea Isle townhomes. But they do share a common location which is close to everything. This property has an incredible view from the great room looking out to the pool and the huge tree canopies beyond. Somebody is going to redo this place, spend some more money, and end up having a basically new house with a large yard, pool, off street parking, for much less than it would cost to buy an already updated property.


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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.