Recently listed, by not by me, 1800 Atlantic Unit C 439, which overlooks the Atlantic Ocean. The listing Broker describes the unit this way:
"Top floor unit with stunning views down Smather's Beach, vaulted ceilings and a transient rental license. Great location within a great location! Enjoy all of the amenities for which 1800 Atlantic is so well known and generate income to help with the carrying costs."
Loyal Readers know that just about every unit at 1800 Atlantic is 1357 square feet and has a nearly identical layout consisting of two bedrooms, two baths, eat in kitchen, shared dining and living areas, and a killer balcony that extends the length of the unit so that each room (except the baths) as views. The location, Dear Readers, is one of three factors that dramatically effects the pricing among units for sale. The two other factors are whether the unit has been updated and whether the unit has a transient rental license. Few buyers want a bad location or inferior view. Some buyers want perfection from the 'get go' while others are willing to accept any property as long as the price is right. Some buyers require a transient license so they can rent a unit as much as possible when they are not using the unit themselves.
1800 Atlantic Unit C 439 is a penthouse unit (meaning not only top floor but also that the unit has extra tall vaulted ceilings which add height and volume to the living room and bedrooms. This unit is the first unit off the ocean front. It has commanding waterfront views. Being second best works in this case. This unit has valuable City of Key West transient license which makes daily rental (every day of the year possible as opposed to a special Truman Annex transient rental license that has restrictions as to the number of weeks an owner can rent the unit on a transient basis). Finally, this unit is original which means the kitchen and baths are the same now as they were when the unit was built in 1984. In an age where almost everything must be 'new' to be good, being 27 years old may seem like it is less than perfect. That, Dear Reader, is not the case here. I have photos to prove it. CLICK HERE to see photos of this unit and the views. A potential buyer who wants a new kitchen or new baths or new furniture can get exactly what they want. It will cost a little more, but the new owner can get (and pay for) exactly what he or she or they want.
1800 Atlantic Condominiums have a loyal following of returning visitors. The ocean front location with the giant pool and spa and the surprisingly large gardens, tennis courts, and covered parking work well for visitors that have done the Duval crawl and decided they prefer the oceanfront location.
You or your guests can walk to Smather's Beach for a game of volleyball, a personal sail, or do some ordinary tanning in an extraordinary location.
Here's the deal: This unit is an "estate sale". The penthouse location and view plus the transient license makes this unit a very desirable unit. Unit C 439 is offered at $498,000. CLICK HERE to view the Key West mls database on this unit.
If you are looking to purchase a property in Key West and have not yet found the right person to deal with, please consider working with me, Gary Thomas. 305-766-2642 or by email at firstname.lastname@example.org. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.