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Tuesday, September 27, 2011

On the Waterfront - 11 McCoy Circle, Key West - Short Sale - New LOW Price


If you are looking for a Key West getaway with waterfront views, private dock, newer construction, and located near Old Town, you might want to look at 11 McCoy Circle in the Flagler's Landing Condominiums. There are just 13 units at Flagler's Landing which were constructed in 2001. Only a few have changed ownership since the development was built, so you may not have heard of or even know of its existence. The aerial photo above shows the location just off North Roosevelt Boulevard in the Hilton Haven addition to Key West.

Unit 11 noted with the X

Private outdoor patio with covered parking behind

Unit 11 has a private boat slip

The two story unit sits to the west of the development which arcs from northeast to southwest. The main living level is located above covered parking and a large outdoor semi-covered patio that looks toward the water.
The kitchen, living room and half-bath are on the main level. The west wall is a bank of sliders that open onto a deck that overlooks the water. A separate deck on the backside looks toward the community pool. An intricate custom built wooden spiral staircase winds from the living level to the top floor bedroom level. Each of the two bedrooms has a separate bath. Unit #11 has 1103 sq ft of living space plus the second level deck off the living room and generous ground floor patio.

(Photo taken when the unit was occupied by previous owner. Now vacant.)

The kitchen now

The monthly condo fee here is $434 which includes Exterminating, Building Exterior Maintenance, Building Insurance, Common Area Maintenance, and Pool Service. The fact is that there have been only a couple of resales in this entire development in the ten years life of Flagler's Landing. That means the association is strong and financially stable.

I wrote about this unit a couple of months ago when it was offered for sale at $515,000. The home owner association is now the legal owner of this unit. Unit #11 is now offered for sale as a short sale at the asking price of just $349,500. Instead of me trying to persuade you about the obvious value of this unit, CLICK HERE search the Key West mls to compare this unit that is located directly on the water's edge and that has its own boatslip with other condominium developments in Key West. You will find lower priced properties, for sure, but not with direct water view or boat slip or both.

Photo dated 1921 shows Flagler's Landing in background

If you are looking for a place with a real waterfront location that is offered at a reasonable price, you just may want to call me, Gary Thomas, 305-766-2642 to schedule a showing of 11 McCoy Circle in Key West. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

7 comments:

Anonymous said...

No real water view?

Gary Thomas said...

Yes there is a 'real water view'. I just took a lousy photo. There is a boat that partially obstructs the view as seen in the photo. Let's set up a showing so you can see the view.
Gary

Anonymous said...

Gary,

are there additional costs that come with the boat slip?

Gary Thomas said...

No.-

Anonymous said...

additional costs for boat slip?

yes - you need a boat!

Gary Thomas said...

Just about every Realtor I know owns a boat. Most Conchs own boats. Go to midtown and newtown. The boats are parked in front yards everywhere!

Anonymous said...

You don't own a boat.

I own a boat.

I know many conchs who don't have a boat.

I don't park my boat in my yard. I am not trailer trash.

My boat is on my seawall.

Ooops - forgot - you unlucky in Key West don't have the waterfront luxury of us in the lower keys!

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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.