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Wednesday, April 18, 2012

704 William Street - Old Town - Key West - Short Sale

704 William Street - Key West

The asking price on the very attractive three bedroom home at 704 William Street in Old Town Key West just got a lot more attractive. The house is now a Short Sale and the asking price has been reduced to just $899,000. The listing Realtor describes this home this way:
"Beautifully renovated throughout with 2 story addition in a sweet and quiet Old Town location. Totaling 3 bedrooms and 4 baths all ensuite, you will marvel over the private layout this split floor plan boasts with seperate staircases to 2 second story bedrooms. Gorgeous kitchen with top the line cabinetry, high end appliance package and stone countertops. Bright, airy and open with vaulted ceilings in great room and double French doors to the pool with dramatic water feature. This is a potential short sale transaction subject to lender approval."

This property was thoroughly renovated in 2006 when it was offered at $1,595,000. There were not a lot of buyers for houses in that price range at that time. As the economy slowed and buyer reluctance to buyer expensive second homes lessened, many sellers reduced the asking price on properties to attract buyers. The asking price on this property was periodically reduced as the market declined. Now the same lovely home that was built to appeal to a buyer in the $1.5 million dollar price range has been reduced to appeal to a buyer seeking to pay less than $900,000. It's the same house, the same location, but it is offered at a much better price.

Master bedroom with en suite bath

When you open the front door your eyes are immediately drawn to the dramatically vaulted ceilings of the great room and kitchen. The space is so open and inviting. The kitchen is an integral part of the living area and does not 'look' like a kitchen. A set of double French doors beckons you to look out to the pool. The pool has a waterfall feature and the rear yard does get quite a bit of sun. I have no doubt a serious sun worshipper will have all the space he or she needs to be a golden god or goddess all year long. A beautifully crafted stairway on the opposite side of the kitchen suggests something important must be located at the top of the stairs.

The third bedroom has balcony overlooking the pool

A third bedroom is located on the second floor of the adjacent wing. That bedroom could rival the master bedroom in many Old Town homes. That bedroom also has an en suite bath.

The listing agent says the house has 3 bedrooms, but there is actually a fourth room that can be used as a den/office/study/optional guest room because it has an en suite bath as well. This room does not have a door for privacy, but it does have a set of French doors that open out onto the beautiful pool for a quick midnight dip. CLICK HERE to view the Key West mls data sheet and to view listing photos.


Duval Street and the Historic Seaport are just minutes away by foot or bike. Charlie's Grocery! is the only neighborhood store for blocks and it is just around the corner. Bill Butler Park is located at the end of the street where William curves and becomes Poorhouse Lane. This a nice and quiet location near the heart of everything.

If you would like to see this beautiful home or any other property listed for sale in Key West, please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.



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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.