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Wednesday, January 23, 2013

703 Elizabeth Street - A Quintessential Key West Cottage

Just listed, but not by me, a quintessential cottage in the heart of Old Town Key West. The three bedroom home is located at 703 Elizabeth Street is located just steps away from the highest point on the island. So many potential buyers are fearful of being flooded. If water ever reaches this location, all humanity will be gone.  The listing Realtor lures potential buyers with his description of the property:
"Quintessential Key West cottage located at the top of Solares Hill. Open floor plan, high ceilings, bright rooms, Dade County Pine floors. Historic charm abounds. Two bedrooms downstairs and large master bedroom on second floor. Exterior siding has been meticulously maintained revealing the beautiful antique board and batten siding that graces this historic jewel. Spacious indoor/outdoor living room. Off-street parking and tropical yard with heated pool, lush landscaping and great privacy. Outdoor living room area merges with indoor space through folding doors that celebrate the Key West lifestyle. Centrally located near world famous Duval Street, yet on a quiet one-way street with little traffic. A Gorgeous Solares Hill Beauty."

I got to take photos of the property late Tuesday afternoon. I must tell you that I am surprised it is not under contract even though it has only been in the mls three days as of today (Wednesday).  This place has the location, features, and charm would-be second home buyers want these days. CLICK HERE to view the photos I took.

You enter the house via gated entrance located at the end of the driveway.  French doors open into the large open living area that just bounds with charm. Another set of French doors on the right wall open out to the rear yard and pool area. The kitchen is located to the left rear and just beyond that is a stairway to the second floor. The two downstairs bedrooms are located at the front of the house on the main floor.

 The two main floor bedrooms are of average size for an Old Town house.  There is adequate room for a queen size bed in each room plus dresser and some decorative items to make the rooms scream "Key West!".  The third floor bedroom runs the entire breadth of the main part of the house. The listing agent offered that a new owner might try to obtain permission from HARC to add one or two dormers t to the rear side of the roof where one might create a second bathroom. I have seen this done on other properties.  I think it could work.

The side yards on either side of the house have brick pavers on the walkways. The photo above is on the south side where the landscaping is illuminated at night.

I think this property would make a wonderful vacation rental for an owner who wants to do an occasional rental to help reduce some of the costs of home ownership in Key West.

703 Elizabeth Street has 1404 sq ft of living space and sits on a 2650 sq ft lot in a great Old Town location.  CLICK HERE to view the Key West Association of Realtors mls datasheet and to view listing photos.  But better than that, please call me, Gary Thomas, 305-766-2642 to schedule a showing of this house. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Hurry, though,  I really think this place will go under contract very quickly!


Anonymous said...

Hi Gary,

I've been waiting on your annual "the year that was" blog. When can we expect this traditional blog?


Anonymous said...

The Captain says:

The link to the MLS datasheet is dead. Could it be that this property is already contingent?

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

Gary Thomas said...

Captain, Thanks for letting me know. Fixed.

John Quezon said...

I really like your published post on real estate. It was very interesting and very impressive, I enjoyed the blog so much for showcasing such and eye-catching real estate. If you have time try to check Patrick Hospes and Julie Matthewson : RE/MAX House Of Real Estate : Home .


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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.