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Wednesday, November 26, 2014

1428 White Street, Key West - Casa Marina Area

Just listed (but not by me) 1428 White Street in the Casa Marina Area of Key West, Florida.  This home was built in 2000 by David Wolkowsky, the man who built the world famous Pier House at the foot of Duval Street. Wolkowsky built many homes in Key West over the years. His properties are legendary.  This is one of them. 
Wolkowsky's homes are not reinterpretations of old Conch houses with white picket fences you would expect to see in Old Town. Instead, his homes evoke a sense of mystique, grandeur, and purpose. A story high privacy wall set off by two giant Balinese doors let visitors know that this must be someplace important.
The Balinese doors open to the a covered portico along the south side of the home which leads to the rear courtyard with its serene 34' X 10' pool with fountains at either end. The entire main floor of the home has travertine marble floors. The travertine extends out to the covered lanai. When the French doors in the living are opened to the lanai the living area suddenly seems so large because the pool and garden become part of the total living space.
The home has three bedrooms, three bathrooms, and 1680 sq ft of refined space divided between two floors. The first floor bedroom can alternatively be used as a den.  Two sets of double doors provide either privacy if the space is used as a bedroom or they can be left open and incorporate the area into the living room. The adjacent bath serves both the den/bedroom and the kitchen on the opposite wall.  Having the potential to use this space as a bedroom in later years is an option worth considering.  You never know when climbing stairs might become an issue.
The kitchen has rich wood cabinets that reach to the ceiling. The marble counter tops, like the travertine floors on the main level and the wood floors on the second floor, are natural earth tones that unify the house with the external environment. The kitchen door opens out to a back entry off the parking area which makes bringing the groceries less of a chore.
The front bedroom makes a great guest area. The room has an en-suite bath and an extra large closet and dressing area. The master suite is located at the rear. There is a dressing area just off the bedroom that leads to the bath. The en-suite bath features slate tiles on the floors and walls. The space is so unexpectedly exotic. French doors open out from the master bedroom to the rear second floor balcony. The pool and garden are below.  The second floor guest suite is located on the front side of the house. The guest bedroom, bath, and dressing area run the front length of the house. Guests may feel so comfortable they may never want to leave.
This home would make a great full time residence or a second home that you might consider renting as a vacation rental. The White Street Pier, Higg's Beach (with its "thing"), the doggie park, and the Atlantic Ocean are located just a couple of blocks to the south. Salute on the Beach and Louie's Backyard are within walking distance as are several of the gyms and yoga studios.  Vacation guests will love this part of town and you will too if any part of your life involves fitness or being by the sea.
CLICK HERE to view the Key West mls datasheet on this property. Then please call me, Gary Thomas, 305-766-2642 to set up a private showing.I am a buyers agent and a full time Realtor at Preferred Properties Key West. I am the Realtor to the dreamers. Let me take you to a place you have never been before. Sit down in the living room or by the pool or the balcony overlooking the pool. Pretend this is your new home. You just may not go back to New Jersey or wherever from whence you came.


7 comments:

Anonymous said...

Curious as to the justification for a 245k increase in only 12 mos (sold for 805k last December)? 30%+ returns are nice, but usually are a house of cards/scheme when it comes out in the wash. And no, this is not your ex.

http://keywestproperties.blogspot.com/2013/11/1428-white-street-casa-marina-area-key.html?m=1

Gary Thomas said...


Dear Anon, The house sold in December 2013 for $805,000 cash in two days on the market. I submitted an offer for a buyer who was heartbrokern he did not get the deal because it was a real deal. The house sold way below market value in my opinion. And it wasn't just my opinion. Others agreed. It is listed at $625 per sq ft. I did a quick mls search of active 3 bedroom and 3 bath homes in Meadows, Casa Marina, and Old Town and determined the median price per sq ft to be $705, So the listing Realtor has this fine home priced below the market to some degree. We shall see what new houses get listed in the prime areas in the next 60 days. I will bet they will be priced higher than $625 per sq ft. Some readers may remember the sale of 731 Waddell from a few years back. It sold in October 2010 for $900,000. The owner made a career change and re-sold it in October 2011 for $1,200,000. I'd love to have that house for sale now. It would be worth a lot more. Don't underestimate the on 1428 White Street - Casa Marina Area - Key West

Anonymous said...

As a loyal reader and owner of various properties in Key West I'm frankly getting sick of questions like this one. I don't think owners need to justify what they list properties for. However, if justifications are needed, here's one...simply put, the supply is low and the demand is high. Go out and try to find a better house for the money than 1428 White. Likely not going to happen. The story Gary shared about 731 Waddell was a good one. When he blogged about that new listing all people did was cry and whine about the listing price. It sold in no time. My guess is the people who are always so upset about situations like this didn't buy the properties when the price was lower and the demand was less. So many people try to knock others success. It really sad to hear. Instead of comments like demanding pricing justifications try one like "wow that was a great buy at $805,000...smart buyer back then".

Sales season is getting ready to kick into full swing. It's going to be nothing short of insane. My advice is cut and paste comments like this because you'll need them weekly here very soon. He who hesitates is lost.

Anonymous said...

It was a perfectly valid question. Some people like the first are very analytical bean counters or there may be more to the story than bare numbers.

Other people are overly emotionally charged.

Either way, both types of personalities are entitle to opinions and should be allowed to ask questions.

Gary is kind enough to provide additional thoughts and insight. This "loyal reader" appreciate that, too.

Gary Thomas said...

I have started to write a blog about a particular buyer I worked with who had an MBA in Finance from a most prestigious Ivy League School. He could not win for loosing - it was all about numbers for him. His decisions had to be supported by numbers.

Usually within a matter of a couple of years those few thousand dollars that hold a buyer or seller from making a deal disappear. For a seller, the asset (or problem)goes away. If its and asset, the money gets directed to some other place which offers new possibilities. If its is a problem, the burden may be gone. And that can be a very good thing.

For a buyer home values rise and rise year over year. For most of the people who bought at the bottom of our market, the values of their homes have appreciated.

There are lots of places in Florida with water views and palm trees. There is only one Key West. It's at the end of the line. It takes a long time to get here. It costs a lot of money to buy here. But when you live here you know there is no other place like Key West.

Gary

Anonymous said...

The house next door to this house sold earlier this year for a similar price to the 805K. This house may be in Casa Marina but its location on White puts it into a very different category. On the other hand prices are rising in Key West so it would be unreasonalble for someone to think they could buy this house this year for only 805K. It will be interesting to see what this house sells for. I am a home owner in Key West so I hope that the seller gets their price.

Anonymous said...

under contract today...told ya

he who hesitates is lost

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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.