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Wednesday, April 24, 2013

818 Terry Lane - Key West Tropical Paradise at an Affordable Price

If you have been watching the Key West mls for the past few months you probably have noticed that most of the houses that were listed for sale back in January have been sold. Many of the houses listed after February have sold or are in the process of closing. A few places are still available including the really (really!) cute three bedroom home located in the Terry Lane Court Condos at 818 Terry Lane in the Bahama Village area of Key West. It was listed in mid March.

The listing broker describes this stand alone property thus:
"Your own tropical paradise! Three bedroom, two bath home with main living space that opens up to lush landscaping and a winding pool. Bamboo and Pine hardwood floors, Dade County Pine throughout, impact glass, metal roof with gutters and guards. Recent upstairs bedroom addition, which is always open and breezy with its back porch, high ceilings and windows. New back porch, On Demand water heaters and parking. Perfect Keys home! Sorry, but no dogs allowed at Terry Lane Court Condominiums."

View from main floor rear deck
The Monroe County Property Appraiser's website shows the original house was built in 1903, however, I found a diagram of what I think to be the original house in the Sanborn Map of Key West dated 1889.  At that time Terry Lane was called "Tin Can Alley".  Numerous small cottages dotted the alley and the surrounding streets, lanes, and alleys. After Key West was re-discovered in the 1970s and property values began to soar,  small cottages were added onto.

The house at 818 Terry Lane had a second story added in 2008 which grew the interior space to 810 sq ft plus front porch and rear decks on first and second floors.  This property became part of the Terry Lane Court Condominiums which is a land based condominium where property owners each own the building and land upon which their homes are built but who share a limited common area that includes a large meandering pool and adjacent gardens.  The Terry Lane Court Condos are often photographed by tourists and professional photographers alike because of the colorful facade and laid back aura this little piece of Paradise exudes.  818 Terry Lane also includes an off street parking space.
A spiral staircase leads to the recently added second floor master suite with bath. This space is akin to living in a tree house. The ceiling soars and the rear balcony beckons you out to bathe in the fresh Key West air.
When I showed this property the trees were going through the Key West version of winter. Different trees defoliate at different times. The pool is normally crystal clear. On the day I took the above photo, it was a mess. I did find a couple of photos which I took earlier that show how pretty this pool normally looks.
This small condominium association consists of five homes that share the common pool and garden area. The monthly condominium fee is $200 which covers pool and common area maintenance. Each homeowner is responsible for his/her own house maintenance and all insurances. 818 Terry Lane has the bonus of having wind impact windows and a new roof, both of which will provide mitigation credits which will reduce the wind insurance premium on this property.  CLICK HERE to view the Key West mls datasheet and to view lots of photos of this charming Key West property which is offered at just $449,000.

If you would like to see this home or any other property for sale in Key West please call me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. 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.