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Friday, March 15, 2013

622 Grinnell St. - Old Town - Key West

If you like old houses with lots of character of have a yen to do some remodeling, the historic home at 622 Grinnell Street in Old Town Key West is a property you should consider. This place is glorious and full of charm. You won't see stainless steel appliances, marble, or granite anywhere. But you will see lots of potential everywhere. The listing agent describes the house this way:
"Wonderful, original conch home with three legal units. Great location and superb street presence. Access to the rear cottage is from a lane.Possible conversion back to single family and would be a really spectacular property as such. Opportunity to work with a property that has been maintained while leaving a Key West flavor."
I dug down to the bottom of the old shoe box and found a photo that shows the exterior as it appeared in 1965. Compare that black and white photo with the photo beneath. The stately home with impressive second floor balcony still maintains its commanding view of the street"
The property consists of the main house on Grinnell Street and the rear cottage on Canfield Lane. The main house no longer has an interior staircase as sibling owners occupy the first floor, the second and third floor, and the cottage. This explains the reference to the property as three legal units. As I see it, the value in this property is not as income property but rather as a large property which has not been mucked around with.  I would convert this property back into a single family home with a charming guest cottage. I would add a pool and parking. There is room for both in my opinion.
The rooftop deck on the main house has an incredible view of the area. You can even see the spires at St Mary's Basilica. Most of the lot is covered with tropical foliage and red brick pavers. The house itself has been well maintained and looks great.  Inside the rooms have the character that people who love our dear old homes seek. The house is filled with Dade County Pine and old glass with ripples. There are little cubby holes and scuttles and treasures galore.

The second floor is currently a separate living unit. It looks like a set in a 1940's movie starring Claudette Colbert or Barbara Stanwyck.  It is an almost idealized version of what a Key West home should look like.

The listing agent states that the property as a whole has 2740 sq ft of living space and sits on a 57' x 83' (4683 sq ft) lot. The house has not been touched in years and would benefit from a thorough renovation. But understand that the property is perfectly livable as is. I just think the highest and best use of this house is to take it back to single family. CLICK HERE to view a slideshow of photos I took of this property.

The 600 block of Grinnell Street is one of the quietest blocks in Old Town. That is because it ends at Angela Street which is the northern border of the Key West cemetery. That means that Conch trains, trolleys, and Duck Tour vehicles will not be using this street because they cannot traverse Angela Street. Your life will be quieter because of this. Occasionally you will still see tourists walking by or riding bikes. And you will see neighbors go across the street to use the Grinnell Street Pocket Park.

Five Brothers Grocery and Sandwich Shop is located down the block at the corner of Southard Street. The Key West Historic Seaport is located three blocks further north and Duval Street is located five blocks to the west. Most of the gyms and yoga studios are located within a five to ten minute walk.

622 Grinnell Street is offered at $1,200,000CLICK HERE to view the Key West mls data sheet on this property. Or better than that, please call 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 Key West. Let me help you find your place in Paradise.

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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.