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Thursday, December 17, 2015

634 Louisa Street #3, Key West

634 Louisa Street Unit #3 is a buying opportunity for the frugal buyer who wants a place that is move-in ready, priced below market for similar properties in Old Town Key West, and is economical to maintain and insure on a long term basis. 
The listing Realtor, not me, describes this 756 sq ft two story condo unit this way:
"Spacious one bedroom home with a bonus room that can function as a den and guest room. Newer construction that has very affordable insurances due to it meeting strict building regulations and being located in an X flood zone, just steps away from upper Duval street. Property may be sold furnished to create a turn key buying opportunity. Very private backyard with delightful jacuzzi and tropical landscaping."
The first floor is an efficient mix of living space, kitchen, and dining area. Glass sliders open out to the surprising rear courtyard which has a private hot tub. What looks like a rear gate is just a bit of folly to help create more interest in the space. I think the back yard is really creative for such a small space and a small price by Key West standards. The above photo will help readers understand some of the cost savings built into these units. The exterior of the building has Hardiboard siding. This is a man-made material that is resistant to pests and our climate.Hardiboard siding does not need painted as often as regular wood siding. The windows and doors are impact glass which means both your windstorm and home owner's insurance will be greatly reduced year after year. The property is in the X zone so flood insurance is not necessary. 
This unit was previously rented as a vacation rental, but it could be easily rented as a long term apartment as well. There is a huge housing shortage in Key West. I am confident a new owner could rent this space in a New York minute.
This property is located just one block east of the shops, restaurants, and habitats of upper Duval Street. Neither you nor your renters will need a pool because South Beach is just a couple of blocks away.


CLICK HERE to view the Key West mls datasheet. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of 634 Louisa Street Unit #3 that is offered for sale at just $499,000. I am a buyers agent and a full time Realtor at Preferred Properties Key West.


2 comments:

Anonymous said...

Is there an HOA? How much/month?

Gary Thomas said...

Yes there is. If you click the mls link you can see more details. The monthly fee is $100.
Gary

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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.