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Wednesday, December 14, 2011

Home Buy Christmas #6 - Old Town - Key West

616 Caroline Street - December 2011

Your family and friends will be envious of you if you buy one of the four newly listed condos at 616 Caroline Street. The large old house was built in 1906 just a couple of blocks from the busy Key West seaport.

616 Caroline Street as it appeared in 2005

I found a photo (above) of the property as it appeared in 2005 when the property was offered for sale as a "fixer". The property was purchased and renovated into six condominiums. Today, four of the six units are available for purchase at discounted offering prices that make each unit a real "buy" in my opinion. The two other units went under contract within a couple of days of being listed. Time waits for no-one.

Each unit is offered fully furnished and includes Asian Teak hardwood floors, marble counter tops in the kitchen and bathrooms, high ceilings, crown molding, antique glass windows, Smart wired and digitally ready throughout, and a private balcony. There is a pool and spa surrounded by lush tropical gardens and the location is just one block to Duval Street. Interiors by award-winning designer, Pascal Delisse.

The pool and spa

Click on any unit number that follows for a more detailed description of that unit.

Unit #2 is a one bedroom in the rear offered at $345,000.

Unit #2 private deck is typical of materials and furnishings used

The bedroom in Unit #2

Unit #6 is a one bedroom priced at $360,000.

Unit #6 is located at the rear of the building

Unit #1 is located first floor front and the front porch for its outdoor sitting area. #1 is offered at $465,000.

Living room in Unit #1

The kitchen in Unit #1 is typical of the kitchen in all units

And this is the bedroom

Finally, Unit #5 is a two story unit located on the second and third floors offered at $450,000.

Compare the size, location, amenities, and historic and authentic Key West charm to similarly priced condos at Shipyard in Truman Annex. The kitchens and bathrooms are superior to most condos in all of Key West. The units seem a bit bigger, the pool is much more private, and the furnishings are more sophisticated than typical tropically decorated units in other condo developments. The location is an easy five minute walk to some of the best bars and restaurants at the Historic Key West Seaport. I like Truman Annex, and Shipyard offers a lot of value for first time buyers. These units offer a viable alternative at very competitive prices.

The Seaport is a two block walk east of 616 Caroline Street.

I think this property would make a most excellent vacation rental (30 days minimum) because of its size, location, and amenities. Returning guests love places like this that are near everything and have all the modern conveniences. These units are very nicely furnished and each unit has its own private outdoor area.

Harpoon Harry's is a couple of blocks down Caroline Street where you will be treated kindly and served very good food at an affordable price. Dances are cheap, too.

Friends and family can walk to the Historic Seaport for fun

Or for a good meal and a few drinks

If you would like to see this property or any other property in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West. Don't wait too long because these units will sell quickly.

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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.