About a quarter of the housing stock on our little island is protected from over development and misguided redevelopment by stringent rules and regulations. Old Town and parts of the Meadows and Casa Marina areas are subject to Historic Architectural Review Commission (HARC) guidelines as well. (CLICK HERE to view the HARC guidelines.) Most of the housing stock on the island is renovated as opposed to new construction. As a result, our housing stock stays pretty constant as far as the number of actual living units.
The house at 319 Grinnell Street has been abused and misused for decades.The photos below show the house in 1965 and then as it appeared when it became bank owned. The house was lifted to install new piers which is the type of foundation most houses in the Old Town area have. A former owner made the place into an illegal three unit house. Then it was foreclosed upon by a lender. A smart buyer bought the former bank owned property and started a very smart update when the property suffered a fire in March 2013. It wasn't that bad of a fire and the renovations continue. It is looking crisp and clean again
|1219 Newton Street in 2011|
|1219 Newton in early 2013|
|1219 Newton May 2013|
|Interior of 1217 Newton in 2012|
A former cigar maker's cottage in the 400 block of Virginia Street is getting a redo by a local duo who have revamped several Key West properties. I remember showing this house several years ago when it was vacant. I told prospective buyers that the location just off Duval Street would make it a great vacation rental and I told them the extra large lot allowed plenty of room for a pool. We will check back later to see how this turns out. I am expecting nothing less than Key West Charm!
|Completed and Beautiful|
|1117 Stump Lane in 1965|
Frequent readers of my blog will remember me writing about 410 Simonton Street. I showed that place on several occasions and wrote a couple contracts that actually got accepted. Neither buyer was able to obtain financing because the place had been converted into nine apartments. The problem was there were only five licenses and that made getting any financing very difficult. (This goes on in Key West a lot of the time. People add kitchens or create illegal living spaces to supplement their income. Lenders won't lend on illegal units.)
One of the biggest eyesores in Key West was the hodgepodge building at 1200 White Street. It was purchased in June 2012. After many months a new facade is starting to emerge.
|1200 White Street in 1965|
|909 Flagler Avenue in 1965|
|1133 Von Phister Street when it was a $749,000 condo!|
If you are thinking of buying a place in Key West and want to do a remodel, please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. There's no time like the present to buy a place in Paradise.