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Monday, September 26, 2011

Bank Owned Unit - Key West by the Sea

The asking price on this 1221 sq ft three bedroom two bath bank owned condominium unit at Key West by the Sea just got a lot better, just $264,300. The listing agent describes the unit like this:
"BANK-OWNED! Spacious ground floor three bedrooms,two bath unit with private patio ready for your personal touch. The unit is completely tiled. View from living room opens to lawn and pool. Key west By The Sea is located on 8 acres, across from Smathers Beach, with two large swimming pools, one heated, two tennis courts and club house. Just minutes to airport and Duval St."

Southernmost Pool at Key West by the Sea

As foreclosed units go, this falls into the mid-range. It needs some cleaning and a fresh paint job. But other than that, it looks ready to move into. A new owner might want to update the kitchen and replace the tiled floor and maybe landscape the private patio. But neither is necessary.

Patio faces the pool which is about 100 feet away

One of many Orchids on a trellis near the big north pool

Units at Key West by the Sea come in various sizes and different locations. This is a ground floor unit at the far north end of the complex. It has south facing views from the living room and two of the three bedrooms. The back (or entry side) is located just off the parking lot. The assigned parking space is just a few feet from the door. You won't get a sunburn in the hot sun or soaked in a rainstorm walking the few feet from your car to your home. And the largest of the two huge pools is located perhaps 100 feet further to the south. If you have a little dog, the location is perfect for you and your pet. You can get your tanning and other business done without having to use the stairs or elevator.

This is the pool closest to the unit
Parking just steps from your door

Key West by the Sea is meticulously maintained. There is an on site manager. There are beautiful walkways between the buildings, the pools and other common areas. I spotted hanging orchids all over the place. There is plenty of security as well. All entries are gated and locked. Oh, and the Atlantic Ocean is across the street. World famous Smather's Beach is across the street.

CLICK HERE to view a slide show of photos I recently took of this unit. And you can CLICK HERE to view the Key West mls database on this unit.

Monthly fees are $457.48 and include building insurance, building exterior maintenance, common area maintenance, pool maintenance, security, exterminating, and cable tv.

If you would like to see this unit 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.

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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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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.