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Thursday, September 4, 2014

526 William Street #4 - Old Town - Key West

Old Town Key West is known for its beautiful old homes. What was once called Delancey Hall at 526 William Street is one of the prettiest of the old girls. The building was thoroughly renovated and  converted into five condominiums back in 2001.

Delancey Hall is one of the very best renovations I have seen in Key West. The quality of the workmanship and the superior interior finishes look as good today as they did thirteen years ago when the original renovation was completed. Each Delancey Hall unit was built to high quality standards. Unit #4 located at the second floor front was just listed at the asking price of $499,000. The listing Realtor describes unit #4 this way:
"Beautifully restored one bedroom condo in the Heart of Old Historic Key West. Delancey Hall was built in late 1800's and converted into 5 luxury condo's in 2001. This particular condo is located on second floor to the front of the building overlooking William St. Spacious outdoor balcony to enjoy outdoor dining or lounging. Granite kitchen with double counter tops overlooking living area. Excellent lighting throughout, Dade county Pine walls and beautiful hard wood floors. Shared pool with brick patio and grilling area."
 Unit #4 is located on the second floor front or William Street side of the property. This one bedroom unit has 550 square feet of interior living space (almost the same size as some two bedroom units at Shipyard Condominiums in Truman Annex). It occupies the south side of the building so you will have good interior light. And unlike Shipyard, you won't have a lot of neighbors - there are just five units total. There are two units on the main level and three units on the second floor. The condo across the hall to the north is a two story unit which has an interior staircase to the third floor. These two units second floor units share the second floor front balcony that overlooks charming William Street. The entrance to the fifth unit is at the back of the second floor. That gorgeous unit has two bedrooms and a private rear balcony that overlooks the pool below.
This unit would be perfect for a buyer that wants a chic Key West getaway that is both stylish and well located. The interior walls and ceiling are Dade County Pine. Who wouldn't appreciate the gleaming new floors and crisply painted crown molding and interior trim? Note also the classic Kohler bath fixtures. Every architectural element of this unit exudes style. (P.S. There is a pool at the rear.)
I searched the historic Sanborn Fire Maps and learned that a building sat on the lot at 526 William Street as early as 1889 when the street identifier was 139 William Street. The identifier was changed to 526 William Street by 1892. I am pretty confident this is the same building as the structural dimensions did not change between the years.
 Delancey Hall has a superior Old Town location. In the morning you can walk a couple blocks north to the Historic Key West seaport and grab breakfast at Harpoon Harry's or experience fine dining at the A&B Lobster House at night.  The Waterfront Playhouse and the Red Barn Theater are within easy walking distance. You're sure to be thoroughly entertained at either live venue. The restaurants and Duval Street nightlife make for a convenient night on the town and are just a five minute or so walk back home.

CLICK HERE to view the Key West mls datasheet on this property. Please call me, Gary Thomas, 305-766-2642 to schedule a showing of this really sweet Key West property.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.


Anonymous said...

Wow! 3 1/2 yrs and 70% increase from sale price of 285k to now half a million? To quote your recent projects update post:

"home costs are higher here than just about anywhere in the country. It's greed plain and simple."

Gary Thomas said...

Dear Anon, If you think back to 2011 you will recall that not many condos were selling. It was very difficult to get a mortgage on any condo back then. Property prices on condos had not recovered like single family home prices had.

I sold the second floor rear unit in this building the same year for $350,000. I think it has probably increased in value by about $250,000. This is the way real estate markets work.

Right now there are few nice, high end condos on the market. People that like nice things in life are going to give this property serious consideration becuase of the quality renovation, great location, and availability of money to purchase a new property.

By the way - you aren't my ex, are you? You've got that same sharp memory and go for the throat attitude. :)



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Gary Thomas in a Nutshell

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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.