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Monday, January 28, 2013

920 Terry Lane Key West - Priced to Sell

The asking price on the award winning three bedroom home at 920 Terry Lane in Key West was just reduced to $819,000.

The house sits across the street from the Historic Key West Lighthouse which is now a museum. A small enclosed park surrounds the old lighthouse and that is the view one has from the front porch at 920 Terry Lane. I must tell you I have sat in a chair on the front porch and envied whoever gets to buy this home. You cannot ask for a more serene view in our little town. And you know that the beautiful view will always be maintained - and that it will never change. That is an intangible benefit that eludes most property owners anyplace.

This home is listed by Preferred Properties, but this is not my listing. The listing Realtor describes the home this way:
"A Million Dollar House with a Million Dollar view in one of the best locations of Old Town Key West. Just 1 block from the Hemingway House and 2 blocks from Duval,is this Historic three bedroom 3 bath home with a cocktail pool and off street parking. No expense was spared in this renovation. On the first level there are 2 bedrooms, one of which can be used as a master, vaulted ceilings, Brazilian Hardwood flooring, and a great open living/dining area. The kitchen has glazed maple cabinetry with granite countertops and stainless steel appliances, large pantry with washer and dryer. Down a few steps is a great family room which opens to the pool. The master suite on the second level is the entire second floor with fabulous lighthouse views."

The old house with an incredible location has been updated and expanded to meet the needs of modern day living. Gone are the small one-purpose rooms. Instead, the first floor has an open great room with soaring ceiling. The kitchen is a big open area with rich custom wood cabinets and large windows that let sun shine in to brighten the space. Off to the rear and down a step is the family room with a set of French doors that open out to the small garden and pool. Two large bedrooms complete the main floor. As the listing Realtor points out, one could use the down stairs bedroom as the master suite. Potential older buyers need to consider options like that. As we get older, stairs can become more challenging.

Original house in front with two story rear addition and wrap-around porch

View off wrap-around deck off the master bedroom

If you are not yet challenged by stairs (lucky you!) the view and the geometry of the master suite on the second floor is unlike any other house in Key West. The owner designed this space so one could lay in bed and still have a view of the old light house. He built wrap-around decks that provide that stunning view of the light house as well as neighbors in some of the pristine little renovations that surround the property.

920 Terry Lane has 1856 sq ft of living space and sits on a 41'x79' (3212) sq ft lot. The living space is nicely divided by room function. The main living area provides access to the bedrooms on the main level. The kitchen area double functions as a core living area and as access to the stairway to the second floor and lower level family room or access to the pool.  This home has every feature necessary to make it a great vacation rental as well.   CLICK HERE to view the Key West Association of Realtors mls datasheet and to see listing photos.

920 Terry Lane is offered at $819,000. If you would like to see this home or any other house in Key West, please consider working with me, Gary Thomas. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

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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.