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Tuesday, December 20, 2011

1025 Thompson Lane - Home Buy Christmas #8 - Key West

1025 Thompson Lane - Old Town - Key West

If you are looking for a cute and cozy house on a quiet little lane in Old Town Key West that is offered at $449,000, you just might want to seriously consider the newly re-listed two story house at 1025 Thompson Lane. I have written about this place before when it was priced higher. The price is a bit less, but the charm and potential are still the same. The listing Realtor at Preferred Properties describes this home as follows:
"Charming historic home on Old Town lane. This delightful home has 2 bedrooms / 2 baths with outdoor living area. This home is in the heart of Key West and walking distance to restaurants, attractions and historic life that the island has to offer. Perfect second home or year round residence!"
Black & white photo dated 1965 shows house prior to modern renovation

Color photo shows new windows added but exterior remains unchanged

1025 Thompson Lane is a good example of an Old Town home built circa 1891 that has been updated over the years. (There's a plaque on the front porch letting passers-by of that fact.) When you walk inside and you either love it for its charm or you think it is too small. The rooms are colorful, compact, and cozy. I find the place absolutely charming. There is a fake fireplace in the living room that reminds you why you chose to move to Key West: we do not need fireplaces. But it adds charm and that's the point. None of the rooms are really large, but they work. The main bedroom and bath are located just off the living room at the front half of the house. The kitchen and dining area plus the stairway to the second level are at the rear. The upstairs is presently divided into a sitting room, a bedroom, and a bath.

There might be room for a pool if the upper porch and stairs were eliminated

There is presently a small second floor deck or porch that is accessed from the bedroom or via an exterior spiral staircase. Neither the stairway nor the porch are historic to the house. I think both the porch and spiral stairs should be removed. That would allow the homeowner to utilize the ground area better. I think there may be room for a small pool and still comply with the set back requirements. Any serious buyer will need to verify the ability to add a pool and should not rely what I say.

1025 Thompson Lane has 1341 sq ft of living area and sits on a 1600 sq ft lot. The house has two bedrooms, two baths, a lovely living room and an open kitchen. That is twice the size of a two bedroom unit at Shipyard condos for about the same price. It is offered for sale at $425,000. CLICK HERE to view the Key West Association of Realtors mls datasheet and to view listing photos.

Thompson Lane looking west toward Grinnell Street

Finnegan's Wake is located nearby at the corner of Grinnell and James Sts.

Old Town Bakery is located on the corner of Eaton and Grinnell Sts.

Inside the Old Town Bakery - They really are Delicious!

Cole'z Peace is a block to the east on Eaton Street

Thompson Lane is a lot like many of the other slow lanes in Key West: quiet. It runs one block long from Frances Street on the east to Grinnell Street on the west. Finnegan's Wake is located on Grinnell Street and just a few feet past the exit from Thompson Lane. The City of Key West's parking structure is located across the street from Finnegan's Wake. The Historic Key West Seaport is a minute walk further to the north. The new Old Town Bakery is up on the corner at Eaton Street. You can get some of the best home made pastries there or you could walk a block further east to Cole'z Peace Artisan Breads and get equally delicious baked goods. What a delicious dilemma that is. The house is located in a very quiet area but it is within easy walking distance to so many vibrant, fun, and sometimes yummy locations.

1025 Thompson Lane is a listing of Preferred Properties Coastal Realty Inc. Please call me, Gary Thomas, 305-766-2642 or email me at to set up a showing. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. This could be your home by Christmas next year!

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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.