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Wednesday, May 16, 2012

410 Simonton Street - Key West

 410 Simonton Street - Old Town - Key West
Today's blog is addressed to the buyer who is looking for a project house with a lot of upside potential in Old Town Key West.  I think I have just the property for you to consider and I think I found a somewhat comparable property for comparison.

I have written before about the lovely old home at 410 Simonton Street located near the corner of Simonton and Eaton Street. According to the Monroe County Property Appraiser the original house was built sometime in the 1870's but was non specific as to the exact year. The old gal looks pretty good for being at least 140 years old.  A new addition was added to the side in 1997. Together the main house and separate addition have approximately 3123 sq ft under structure capable of being air conditioned. This property is listed by Preferred Properties Key West, that is where I work but this is not my listing. The listing Realtor describes this beautiful property thus:
"One of Key West's most beautiful houses. True history resounds in this one of a kind home. Paintings from the 1880's are featured in the front parlor on the ceiling and walls. Currently in use as a 5 unit rental property with rental income of $8,300/month. This house is a great candidate to remodel as a single family home."

Approximately 1965
The House Specific Gingerbread Detail

The main part of the original house has been made into decent sized one bedroom apartments, each of which has a living area, kitchen, bath and bedroom in some form The second floor is one large one bedroom apartment that could be just grand. That unit is accessed via an exterior staircase and second floor balcony that is just perfect for people watching. Inside the angular ceiling provides a wonderful living space. Another special feature is the Romeo & Juliet balcony that overlooks the bricked grounds and century old iron fence that distinguishes the house. A majestic mahogany tree frames the visage.

The main house has high ceilings, grand windows and doors, substantial crown moldings and trim throughout. The house could become a showplace. The building has been very well maintained in my opinion. The piers and structural elements seem solid and well maintained. I think most of what a new owner would do would be considered refinement rather than rebuilding. That is my opinion. I am not a contractor. Rely on what a contractor tells you.

The second floor could become the master suite. The main floor units could be restored to a semblance of the usage of decades before when this was one of the most beautiful single family homes in all Key West.

The adjacent building would make a wonderful guest cottage and provide separate facilities for guests so that friends and family would not bother the owner on those late night returns from Duval Street or other nearby haunts.

Recent Addition could become Guest Cottage

Potential renovators might take a look at the comparison photo above which shows a house of similar age and architectural style located on Angela Street. I think 410 Simonton Street can match the Angela Street home in style and grace.

410 Simonton Street is available at $895,000. CLICK HERE to view the Key West Association of Realtors mls datasheet and to view listing photos.
If you would like to see the 410 Simonton Street 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. 

1 comment:

Anonymous said...

The Captain says:

Sorry, Gary, the property has not been "very well maintained." The second floor balcony which you say is "perfect for people watching" is about to fall. You can see the sag in the very first picture. The rear units, well, one can make their own evaluation.

I actually like the location and even the property itself. However, with the amount of work needed, the price would have to come down.

Captain out......................


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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.