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Friday, August 1, 2014

808 South Street #4 - Bank Owned Key West Condo

No matter whether you are a beach boy, party girl, loving couple, or just a single guy or gal looking for a nice home in a good location with a pool and private parking, the new Bank Owned condo at 808 South Street #4 in in the Casa Marina Area of Key West ought to appeal to you. This 640 Sq Ft one bedroom second floor condominium is offered at $375,000. The listing Realtor describes this Southpark Condominium this way:
"Enjoy a Bright, Airy, second-floor Southpark Condominium centrally located in the Casa Marina Neighborhood. This homes includes a heated pool, lushly landscaped grounds, front and rear porches, hurricane shutters."
 The Southpark Condominiums are a group of four World War II era buildings with four units in each building. All of the units were updated when the properties were converted into condominiums. Each of the units have been individually updated over the years since the conversion. There are two ground floor and two second floor units all of which are accessed via central front entry. Each unit has an assigned off street parking space adjacent to the building. The front and side yard of each building is tropically landscaped and beautifully maintained throughout the year. The community pool and garden is located at the rear where there is also a laundry room and storage facilities for each condominium. When you see the pool you will probably agree with me that it is one of the prettiest pools on the island. The gardens have a sprinkler system and are lighted at night. The entire side yard and rear garden area is totally secured. You cannot get into or out of the area without a key.
Unit #4 is located on the second floor. This unit, like all of the others, is a one bedroom unit. The unit was updated a few years ago when the kitchen and bath were remodeled. The unit had a central air conditioning system added as well. This unit is on the west side of the building. It has a large sunny rear balcony accessed off the bedroom. This is a perfect spot for private sunning or al fresco dining. There is even a retractable awning to keep the sun off.  The front balcony overlooks South Street. During the daytime there will be lots of people watching opportunities. At night South Street is lightly traveled after dark.
The living room runs the width of the unit and has two windows plus door to the balcony that provide nice light into the living area. A large wall of built-in shelves in the dining area offers places to display books or collectibles and add a bit of drama to the area. 
The kitchen has newish cabinets. Unfortunately, someone walked away with the kitchen appliances and cabinet pulls. The good thing about that is you will get the chance to own brand new appliances which you will have to purchase, of course. A doorway off the kitchen leads to the rear stairway down to the rear garden and pool area.
The bedroom is located in the right west rear corner. The bedroom space is quite large.  A 15 light door opens out to the second floor balcony which has a retractable awing.  Wood floors connect the bedroom, dining, and living areas.  
The bathroom was updated, but someone removed the lights, mirror, toilet seat, and switch plates from this room. I could write a book about people that pull this kind of maneuver, but I won't. Instead I'll just say a new owner can fix this unit up the way he, or she, or they want. If I bought this unit, I'd definitely repaint it to erase any vestige of the prior owner. CLICK HERE to view more photos I recently took just before this building was tented for termites.
I have sold three units in the Southpark Condominiums. This property is professionally managed.  The grounds are always beautifully maintained. As I understand it, the condo association undertakes one big project each year to keep the buildings in good shape. Each unit has hurricane shutters. The monthly condo fee is $425 which covers all building insurances, building maintenance, grounds and pool maintenance.  The association is qualified for new mortgage loans. 

CLICK HERE to view the Key West mls datasheet. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. If you are out of the area and want a place like this, I think you could make a sight unseen offer. Yes, you will have to spend some money to replace things that were removed. Your homeowner inspection would alert you to any mechanical or structural matter that I overlooked or did not mention.  Even though a new owner will have to spend some extra money and time to whip this place back into shape, I see real value in this unit and this location.


Anonymous said...

Snap it up! Great buy in a great location!

Gary Thomas said...

Dear Anon, Another unit in the same complex went on the market soon after I wrote about this unit. That unit has everything (including appliances and items removed from this unit). That unit is priced at $460,000. I think interested buyers ought to look at both units and I'd love to be the agent to show them.



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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.