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Wednesday, February 29, 2012

624 Louisa Street - Old Town - Key West - Short Sale

Four years ago I wrote about a new structure that was being built at Gato Village Pocket Park, a small park on Louisa Street just east of First Sate Bank. The park was created to commemorate by design and structure the historic cigar maker cottages that were the predominant type of housing in that section of old Key West. The old Gato Cigar Factory at the corner of Simonton Street at Virginia Street is now a Monroe County office building.

Inviting front porch

View from the front porch

A real life cigar maker's cottage is located about one-half a block away at 624 Louisa Street. The home has been enlarged and probably made grand beyond the expectation of the families that once lived there. It is offered for sale today as a short sale. The listing Realtor describes 624 Louisa Street this way:
"Superbly crafted designer home finished w/ meticulous attention to detail & style. 2 story addition overlooking pool & tropical gardens compliment the original conch cottage architecture creating a total of 3bd/3.5ba plus pool cabana. Careful selection of luxurious finishes include copper sinks, custom tile showers, Jacuzzi bathtubs, wired throughout for sound, custom cabinetry, granite & top of the line fixtures to name a few. Beautiful outdoor spaces within a very private setting finished in brick pavers & mature landscape complete this tropical retreat. Do not miss the chance to step inside this picture perfect gem just a short walk to famous Duval Street."
The original cottage has been expanded and is now laid out to meet the needs of a present day owners with different lifestyles and housing needs. I think a new owner may likely use this home as a part time residence and rent the home as a legal vacation rental during non-personal use times. The house is perfectly setup to that end.

Front bedroom

Jack and Jill Bath

Second Bedroom

The house is laid out with two guest bedrooms on the main level that share a Jack and Jill bath. The living area and a grand kitchen with custom cabinetry are located at the rear of the house. French doors open out to the pool and cabana at the rear. Upstairs you will find the very private and extra large master suite with vaulted ceiling, large walk-in closet, and inviting bath with jacuizzi and a separate shower.

Master bedroom with vaulted ceiling and deck that overlooks pool below

Luxurious master bath

Pool and cabana (with mini kitchen and bath)

624 Louisa Street has 1676 sq ft of living space on two floors. All interiors are top of the line construction and materials. No expense was spared in the renovation and expansion of this once small cigar maker's cottage into a very large three bedroom, two bath residence with off street parking and a pool. The asking price is $799,000. CLICK HERE to view the Key West Association of Realtors mls datasheet and listing photos. I took more photos which you can view if you CLICK HERE in a slide show format.

This property has a good rental history as a vacation rental. A buyer looking for a large home that can actually function and rent well as a vacation rental ought to take a look at this property.

If you would like to see this house or any other property in Key West, please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.


Anonymous said...

How long has this property actually been in the MLS as a short-sale?

Gary Thomas said...

It became a short sale on August 16, 2011. I showed it twice last week. It is always rented and I got to show it when it was not occupied.


Anonymous said...

Thanks Gary!!!


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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.