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Thursday, April 26, 2012

1014 Vareal Street #1 - Bank Owned - Key West



If you are looking for an affordable Key West home in Old Town Key West, the just listed Bank Owned stand alone cottage at 1014 Varela Street #1 might be the place you have been looking for. The listing agent describes this 542 sq ft cottage this way:
"Great stand alone conch cottage, 1 bedroom and 1 and a half baths. This unit has its own front porch and a private fenced back yard."  

Bricked but not pretty - yet! Waiting for a New Owner
 The house is pretty simple. The single bedroom is located up front where you will find the master bath. There is a guest bath located in the hallway. The rear end of the cottage has a cathedral ceiling which adds huge volume to the space as a whole. The bright and cheerful kitchen is fully equipped. French doors open out to the bricked backyard where a new owner could create his or her own private paradise. The asking price on this Bank Owned property is just $229,900. CLICK HERE to view the Key West MLS datasheet on this property.


This unit is a stand alone cottage, but it is part of the Villa Vera Condominiums.  Monthly condo fees are $498 and include sewer, water, building insurance, and common area maintenance. The limited common area consists of a walkway that provides access to the other cottages that make up this small association. The bank owner may provide financing to a qualified buyer.

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



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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.