The 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 a single person or a couple that wants a getaway place in Key West that does not cost a lot of money. 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. This place has all of the creature comforts buyers expect neatly tucked into 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 cause you maintenance pains 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.
3 Nassau Lane is 'done', so a new owner can move in and not worry about having to renovate or spend more money. I showed this house this past weekend. You could not tell the interior was redone ten years ago because everything inside and outside looks pristine.
Smaller homes are usually less expensive to maintain and insure than larger properties. If you anticipate lots of company, there is a nearby guesthouse at the corner of Fleming Street. If you think about it, it would be cheaper to put your friends and relatives up in a guesthouse for a week than it would be to spend an extra couple of hundred thousand dollars to buy a place with two bedrooms.
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 Association of Realtors mls datasheet and to view 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.