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Wednesday, August 1, 2012

819 Terry Lane - Short Sale - Key West - Back on the Market

819 Terry Lane - Key West

I wrote about  819 Terry Lane in the Bahama Village section of Key West right after it was listed on March 27th as a short sale.  I showed the house several times and got several phone calls and emails from interested buyers. I knew the house would go under contract very quickly as the price was low and the house had so much to offer potential buyers.  The property did go under contract. But the property went back on the market late Tuesday. Now you dilly-dallers have a second chance. The listing agent describes this charming cottage home this way:
"Classic conch style house on a lane in Old Town Key West, new roof, new tankless water heater and a Viking stove. It is a 2 bed/1 bath with room for a pool. Short walk to dinning, shopping and Fort Zachary Taylor beach."
View from front porch

The 700 sq ft cottage was updated in 2005 including the installation of a new metal roof. The house sits on a decent sized lot for this area (21' x 96' or 1907 sq ft). The rear portion of the lot has a lot of unused space which means a new owner could install a pool. There is a small cottage already in existence. That cottage might make a nice poolside bar.

Garden needs tended but that is part of the fun of buying a new place.

The property does have HARC approved plans for adding a second floor at the rear . As currently configured, the house has a living room at front followed by two bedrooms, a bath, and the kitchen at the rear. The house needs a deep cleaning, a fresh coat of paint, some new window treatments, and an owner with a green thumb to restore the garden. The asking price has been increased $290,000 on this Short Sale property. CLICK HERE to view the Key West mls datasheet. And you can CLICK HERE to see some additional pics I took in March.

Across the lane

Nearby Terry Lane cottages

Food, beverages, and nightlife are located a block away

Ft. Zach Beach is about a ten minute walk

If you would like to see this house or any other property for sale in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. This cute cottage will sell quickly. Don't wait - this Key West Short Sale will be under contract again within a couple of days.


Anonymous said...

Saw this house a couple of years ago. It has so much potential! Any idea of what is happening to the property development in back of it?

Gary Thomas said...

Dear Anon,

Two things. The little house on Terry Lane is under contract already-as of Saturday. I said it would go quick. This was a good deal!

The property behind Terry Lane is the small compound of really cute and renovated single family homes located in the 800 block of Whitehead Street. These homes are now condos that share a limited common area and a cute pool. Five of those cute houses happen to be offered for sale now with the least expensive offered at $345,000. The neat thing is each place is as cute as a button and very nicely appointed. I must write about them soon.



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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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.