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Tuesday, December 13, 2011

Home Buy Christmas # 5 - Old Town Key West

3B Nassau Lane - Old Town - Key West

The new listing at 3 B Nassau Lane in Old Town Key West ought excite buyers who want an affordable single family house in a great location: the asking price is just $439,000. The listing broker describes the listing like this:
"A perfect 1BR/1BA cottage located on a beautiful lane in the heart of the historic District. Completely renovated in 2001 (but it looks like it was done yesterday)with cedar siding, solid oak flooring, new kitchen with granite countertops, new bath, double glazed Marvin windows with plantation shutters. French doors lead to a side deck. In 2010 new metal shingle roof. Walking distance to everything Key West has to offer."
This comfy cottage home would make a great second home for the single or couple that want a getaway place in Key West. The cottage has been tweaked to near perfection. There is a welcoming front porch followed by the living area, the kitchen and then the bedroom. The bath is off to the left. All of the creature comforts in a compact space. The outdoor area is just 20' x 48' (940 sq ft) which means there is just enough outdoor space to enjoy while you are here but not enough to break you when you are back up north.

A few years ago I sold a bit larger one bedroom house located across Nassau Lane. The buyers fell in love with the lane and the house even before we walked in the front door. That house was the first and only place we looked at and the property was under contract in about an hour after our first and only visit. I mention this because small lanes offer second home owners something often not possible in Key West - affordability. Small places normally sell at a higher price per square foot but the price is also much less than a larger house on a bigger lot somewhere nearby. This particular cottage has been 'done' so a new owner can move in and not worry about having to renovate or spend more money. And smaller homes are usually less expensive to insure and maintain long term. One last thing: if you have lots of family or guests, there is a nearby guesthouse at the corner of Fleming Street.

For the reader who wants a pool may I suggest that you consider the cost of actually owning even a small pool and then consider the option of using an alternative such as the pool at Dante's for those actual days you want to swim or layout. A typical pool service will cost $75 to $150 per month. Add the cost of chemicals, electricity and propane to run the pump and heat the pool, and you have a couple of thousand dollar expense added to your budget. Alternatively, you could spend the sun and swim days at a place like Dante's where you could have a few cocktails and a nice lunch each day. You would probably be ahead of the game by doing so. I think it is a viable alternative.

I suspect this little doozy will sell quite quickly at this price. CLICK HERE to view the Key West mls datasheet and listing photos of this property. Better yet, please call me, Gary Thomas, 305-766-2642 to set up a showing before this place is gone. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.

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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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Gary Thomas in a Nutshell

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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.