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Friday, February 26, 2016

1717 South Street, Key West - Bank Owned Fixer-Upper

If you have been hoping to move to Key West and buy a Bank Owned property that you could fix-up and make your home, the new listing new listing 1717 South Street in Key West may be the property you are looking for.  The listing broker, not me, describes this home this way:
"Location, Location, Location! This oversized lot with a privacy fence that currently has a main house with 3 bedrooms and 2 bathrooms and a mother-in-law 1 bedroom with 1 bath. Property has a large pool and back yard great for entertaining."
The house and detached mother-in-law cottage total 1900 sq ft and sit on what used to be a very beautifully landscaped 8531 sq ft lot (93.5' X 94').  The grounds and house are hidden from view behind a tall privacy fence. imagine how beautiful this home once was and could be again.
The house has a pretty impressive formal entry for such a relaxed home. A pergola spans much of the front facade on columns of carved stone. Similar columns are located at the rear where there is an huge pool and gardens.
The master bedroom and bath are located to the left of the living room while the two guest bedrooms and share hall bath are located to the right side of the living room. This arrangement would work well for a family to provide privacy for the parents for a few moments of the day. Note the terrazzo floor  in the original parts of the house.
The kitchen and laundry room are the the target of most new home owners. There is a really sweet rear pergola off the dining room and kitchen. I am sure a creative mind could re-invent this space into something even more magical.
You can clearly see that a portion of the drywall was moved in that area. There are a couple of holes in other rooms were drywall was also removed. The bank owner has treated the house for termites. The dining room and adjacent den have saltillo tile floors. The front entry and the rear garden area also have saltillo tiles.
The garden area must have been breath-taking. It still is to some extent. The pool sits quietly under the canopies of several beautiful trees that have created a little Eden of sorts. I found an old photo of the pool in its glory days. The lush garden could be replanted. The gardens would thrive in no time. CLICK HERE to view more photos I took of this property.
There are two gated entrances for cars. The one on the right is electrically operated. The long driveway terminates where the mother-in-law cottage begins. The rear yard seems boundless from the west border. The former owners created an outdoor kitchen to the south of the what was the den. The pool equipment and A/C are hidden from view on the far side of the outdoor kitchen.
1717 South Street in Key West is offered for sale at the asking price of $749,000 or just $394 per sq ft. CLICK HERE to view the Key West mls datasheet. Then please call ma, Gary Thomas, 305-766-2642 to set up a private showing of this remarkable property.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your home 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.