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Tuesday, February 4, 2014

1218 Margaret Street - Key West - Potential Old Town Renovation

I recently got to take a peak at 1218 Margaret Street in the Old Town South of Truman area of Key West.  This house has always puzzled me as it is constructed differently than just about any other home in Key West.  I dug into the old shoebox and found the black and white photo taken in 1965 that shows the squared-off concrete with stucco facade.  The previously totally enclosed front porch is now open.
The Monroe County Property Appraiser shows the house was built in 1948 or just after the end of World War II.  It sits on a large lot (46' X 93') or 4278 sq ft that is located about 100 feet north of United Avenue or four blocks east of Duval Street.

The house as currently configured has a large living room, dining area, and large kitchen. Two bedrooms on the south side share the one bathroom.  As I recall the ceilings are 11' tall.  The interior walls are plastered - no Dade County Pine in this home. The Property Appraiser shows the house as being 1240 sq ft.
There are two other buildings not shown on the public record, both of which have water and sewer which might be adaptable for future use.
The backyard is in my opinion large enough to accommodate a pool. Perhaps the small cottage could be salvaged and made into a pool cabana or guest cottage. The south side yard is wide enough to allow a backhoe in to dig a pool. A new owner would need to verify with the city that a pool is in fact permissible on this site.  Also, a curb but and driveway currently exist at the front of the property.  CLICK HERE to view more photos I took of this property.

1218 Margaret Street is not my listing, but it is offered for sale at $450,000CLICK HERE to view the Key West mls datasheet on this property.  This property is poised for renovation.  Since it is constructed of concrete (and not deemed historically significant), a new owner might receive permission to raze the property and build new on site.  Please contact me, Gary Thomas, 305-766-2642 to arrange a private showing.  I am a buyers agent and a full time Realtor at Preferred Properties 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.