A few weeks ago a reader asked if I ever report on houses that I wrote about which sold. I replied back that I usually do a years-end recap. We are near the end of our spring selling season so now is just as good a time as any to report on what sold since January 1st.
on any blue linked address to read the blog I wrote about the specific
property. Compare what I wrote then to what the property sold for.
1230 5th Avenue was
a real bank owned "fixer". The place had its share of problems because
of what looked like un-permitted home owner remodels gone bad. The
house was initially listed at $340,000 and was reduced to $199,900 when
it finally went under contract. The property sold at $207,000 or $7,100
over asking price.
Sunrise at Seaside Short Sale
in May 2011. The initial asking price was $278,000 but the unit sold
for just $215,000. That price included a transient rental license and
419 United Street #2 was
a two bedroom condo in a large old Key West home that had been
converted into four condos. The asking price on this short sale was just
$299,000. The buyer ended up paying only $235,000 for the unit which
has its own private swimming pool - not part of the common area. Great
deal for the buyer who hung on and on and on.
1017 17th Street in July 2011. It was offered at $359,000 at that time. It eventually sold at $281,000.
1118 Olivia Street
is part of the Lionsgate Condominiums. It is a stand alone house in the
exclusive little development. It was listed at $365,000 and sold in
eight days for $352,500.
1216 Knowles Lane was
listed at $399,000 and sold five days later for $390,000. The Old Town
location and quite little lane attracted many buyers at the outset of
There is one house I did not write about,
but was tempted to do so. It was on Realtor caravan several months ago.
The listing agent was a dear friend of mine at Prudential. Perhaps forty
agents went inside this particular house and within a few seconds had
flashbacks to our college days. The aroma of weed permeated that air -
almost as thick as the smell of burning brush along the Florida
Turnpike. That little peace of paradise eventually sold. Congrats to my
friend who stuck with this property.
846 Olivia Street
a couple of times. It was originally offered at $529,000. The location
across the street from the Key West cemetery spooked a lot of potential
buyers. That cemetery has always suppressed prices. It's a shame because
the cemetery provides a quite environment at night, and during the
daytime the open spaces provide abundant light that is often missing in
many parts of Old Town. The house sold at he end of February for
$410,000. Quite a bargain.
1025 Thompson Lane several
times. It was originally priced at $525,000 and went through several
price reductions. The really charming home sold for $435,000. That is
less than the cost of a condo at Shipyard. The house is adorable.
Somebody got a great deal.
215 Golf Club Drive
was a bank owned property originally listed at $478,900. When the
asking price was reduced to $464,900 several offers were made which
resulted in a best and final bidding situation. The house sold for
$465,000. That was another great buy.
2 Hunts Lane that was offered at $489,000. This little gem sold at $470,000 or $480 per sq ft.
1311 Newton Street. I showed this lovely home several times. I really liked it. It sold for $474,150. or $605 per sq ft.
I wrote about the Rose Tattoo House at 1421 Duncan Street
a couple of times over the past few years. It was the site where the
famous movie of the same name was filmed. Tennessee Williams, the
playwright, lived next door at 1421 Duncan (see photo above) and watched
filming. The house was listed at $615,000 and sold for $530,000.
1123 Von Phister Street
is located just a couple of doors from where I lived. It was listed
for sale at $595,000 and sold at $540,000. It was purchased by the owner
of the larger house next door and will be used as a guest cottage. This
house sold at $632 per sq ft. What a deal!
1005B United Street.
Listed at $589,000 this place sold for $540,000. It had a beautiful new
kitchen and gracious decorating throughout. It set the stage for two
other sales of similar units located nearby but neither of which
compared to the interior features of this place. This buyer won!
627 Southard Street
was a bank owned property from hell. The property was listed at
$399,900 on April 3rd and went under contract on April 10th. It sold for
$560,000. I heard there were ten offers submitted. I submitted an all
cash offer of $555,000 for a buyer. Workers are at the property now
demolishing much of the interior to make way for new renovations. This
property has a great Old Town location. The building was the scene of
intolerable cruelty to animals. It's really troublesome that a city that
will not let a homeowner cut down a tree or paint a house an odd color
of blue would sit back and do nothing to protect helpless little
1104 Angela Street appeared
in my blog several times. It is a really nice little two bedroom/two
bath home with a pool and parking. It was listed at $619,000 and sold at
$575,000 or $434 per sq ft. I think the new owner got a great little
house for the money.
811 Carey Lane
was listed at $589,000 and sold for $580,000. This place has a cool,
laid back style that I just loved. It did not have a pool and one of the
bedrooms was a bit smallish. Those are both things that could be
changed. The location is terrific.
1319 Newton Street.
He read about the house in my blog and looked at it with another agent.
(I hate that.) He asked how much it sold for. Asked: $595,000. Sold:
$586,000. No pool or parking, but this was and is one of the prettiest
little houses in Key West. By the way, the caller is now looking again
and this time he wants me to show him houses.
6 Havana Lane
was a "steal". I really liked this house. It had everything potential
buyers wanted except a prime location. The lane is just off Truman
Avenue and some buyers pooh-poohed it. They missed the point. This house
has two (or three) bedrooms, a pool, and off street parking. The inside
of the house is as cute as can be. The exterior is really quite
charming and the grounds are seductive. It is located the same distance
from Duval as houses that cost twice as much. This house was listed at
$625,000 and sold for $600,000 or $588 per sq ft. Great buy!
811 Washington #103
was a short sale of a recently built three story 3 bed/ 3.5 bath
townhome with private pool, Viking kitchen, and superior construction
and features throughout. The house listed and sold at $655,000 or $292
per sq ft. All this and a superior Casa Marina area location to boot.
920 Cornish Lane is
another Key West storybook cottage success story. This lovely little
home was offered at $735,000 and sold for $705,000 or $714 per sq ft.
Remember this place had no pool nor parking. Quite a high price for a
great little property.
204-1 Southard Street
appeared in my blog as well. It is a lovely two story three bedroom end
unit with 1100 sq ft of living space and an enviable on the park
location in Shipyard. This house was offered at $$795,000 and sold at
$742 or $674 per sq ft. Prices are on the rise in Shipyard.
1403 Catherine Street
went under contract in just one day and sold at the asking price of
$750,000. This has got to be one of the sweetest homes in Key West. I
heard the home inspector said he had never seen a house in such good a
condition or that had such superior construction in all the time he had
been a contractor or home inspector.
815 Sawyers Lane
was listed just before Christmas in 2011 at $829,000.It sold for
$775,000. The eyebrow house is located on a storybook lane near the Key
West seaport.The house had 2 or 3 bedrooms, 2 baths, a pool, and off
1114 Fleming Street several
times over the past year. I really loved the old school character of
this property. Various features of the house showed the age of the place
including some extra wide old growth wood, window panes that rippled
with age, and simple design elements that new homes no longer use. This
place is a Key West charmer! It sold at $980,000 down from the original
628 William Street appeared
in my blog a several times over the past few years. It was offered at
$$.039,000 and sold for $995,000. The home had 2 or 3 bedrooms, 2 baths,
a pool and off street parking. And it is located on one of the very
best blocks in Old Town. This buyer got a great buy.
1320 Reynolds Street
appeared in my blog on March 7th, just days after being listed for
$2,200,000. The asking price on this Casa Marina contemporary went under
contract a couple of weeks later and closed on May 29th at $1,950,000.
If you are thinking of buying a home in Key West please consider working with me, Gary Thomas. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Contact me at 305-766-2642 or by email at email@example.com@aol.com. Let me help you find your home in Paradise.
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
- Gary Thomas
- 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.