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Thursday, October 2, 2014

1724 Rose Street - Key West, Florida

The listing Realtor describes aptly describes 1724 Rose Street in Key West this way:
"Opportunity knocks! This home sits on a very large corner lot near the beaches & White Street Pier. The house needs work but has a great floor plan that opens to the spacious, private rear yard. There is an open floor plan with the kitchen, Florida room & dining room all opening to each other and to the outdoors. The master bedroom en suite also opens to the outdoors. Two more guest rooms share a bath. There is a lot of space inside and out on a large corner lot in a great location."
Click GOOGLE MAP for an aerial view of this location and its proximity to the beaches. This is a suburban neighborhood where many of the 1950s vintage homes have been updated and or expanded or new houses placed on the large lots that are the norm for this area.  1724 Rose Street is a large corner lot 79' X 100' or 7932 sq ft.  The existing three bedroom two bath house has 1518 sq ft of living space under air conditioning. Now this is not the typical cigar maker cottage or Grand Conch house that I write about. Instead, this is a property that may appeal to a local looking for a place that can be renovated and made back into a nice single family home in a good neighborhood. Or maybe the property will appeal to a buyer who wants a large lot with a house that is priced so affordably that it could be torn down and a new house built and still be priced less than other new construction in the area.


A concrete block privacy fence separates the house from the street. The front door sits maybe twenty feet from the fence. The east and west side yards provide similar separation from Josephine street to the east and the adjacent home to the west. The back yard is extra large and probably has a thirty foot separation between the house and the back fence, In other word, the space is immense and offers all kinds of development possibilities.
The inside of the house has a big open living area with plenty of space for informal living. Multiple sets of doors open out to the semi-covered loggia on the side and rear of the house. The kitchen obviously is dated and reflects a design of another generation. The floors appear to be Cuban tiles.  The master bedroom also has glass panel doors that open out to the rear. That bedroom has an en-suite bath. The two other bedrooms share a bath. If the house were to be renovated, there is plenty of space to reconfigure room spaces and usages. 
A new owner might consider taking down the existing structure all together and building a new house that would be elevated to current flood elevation levels. The new house would likely have hardiboard siding and use wind impact glass windows which would make insurance rates much more affordable.  A new owner might even elect to put a modular home on the lot which could significantly reduce construction costs. I am confident a new owner would add a pool. I understand most pool companies are pricing new pools around $30,000 to $35,0000 as a starting price.  CLICK HERE to view more photos I took of this property.

CLICK HERE to view the Key West mls datsheet on 1724 Rose Street. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this property.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.

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The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.

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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.