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Thursday, June 9, 2016

527 Margaret Street, Key West - Stunning New Renovation in Old Town

Just Listed 527 Margaret Street, Key West. This home is a stunning new addition to Old Town Key West. It is located just four blocks from world famous Duval Street and only four blocks to the Historic Seaport. One of Key West's finest steak houses in located across the street and dozens of small joints and fine dining restaurants are within easy walking distance. While what you see from the street is picture perfect, it's the interior that will really grab your attention. As you look more closely, you'll appreciate the quality new construction coupled with the cost saving benefits of
owning a home like this.
When you look at the house from the street you would probably expect the interiors to be compact and tight because the house simply looks like a quaint one story home with a cute little front porch. But you would be wrong. Very wrong. Oh, it is just a one story house, but once you open the door and pass through the formal entry hall, a wall of glass that soars to the vaulted ceiling immediately refutes your preconceptions about this home.
The first thing I saw was the canopy of the old banyan tree at the rear. The blue sky seemed to mesh with the subtle and not-so-subtle blue tones interspersed in this space.  The wood ceiling and white washed wood floors add a natural color perspective to this living space. There is a guest bath located off the center hall adjacent to the adult beverage center with color co-ordinated booze. The laundry area is opposite. Dale Trice designed the media and display wall with storage below. Giant shells and white objets d'art fill that space and are interspersed throughout the room. The setting is like something out of Coastal Living Magazine or Architectural Digest. Maybe it should be!

The two photos above tell you so much about the house. But you are probably more interested in knowing the house has a pool Yep, it's a dip pool! But it works and it will keep you cool when you are not sunning au natural on your very private deck. The windows and doors are impact glass throughout the house except the front which are historically correct. All of the exterior siding is Hardiboard except the front which again is traditional lap siding which is period correct. The roof is new metal built to Florida's new building codes. The impact glass, Hardiboard siding, compliance with new Florida building code, and new metal roof will significantly reduce your annual and long term costs of ownership because windstorm and homeowners insurances will cost less and cost of maintenance will be reduced because Hardiboard resists the sun and moisture much greater than traditional wood. You won't have to paint as often.
Both main floor bedrooms have en-suite baths and are located at the front portion of the home which retains the roof line of the original home that was built on this site. All of the original home was razed to make way for the construction of this "renovation" except for a small portion of the original front wall. That qualifies as a renovation - the people that wrote the rules ought to be in Washington!  Really!  The current owners bought this home before it was completed and brought in their designer who added much of the flair to the house as well as embellishment of the interiors, upgraded fixtures, amenities, and so on. Look closely at the photos and you may appreciate the thought and creativity that went into this remarkable home. Here is the best part - the home is being offered fully furnished at the offering price of $1,545,000.

CLICK HERE to view the Key West mls datasheet and to view more listing photos of this beautiful home located in the heart of Old Town. Then please call me, Gary Thomas, 305-766-2642, to schedule a private showing.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.


FloridaAG said...

Very pretty. Excellent block/neighborhood obviously. Is the Banyan on both this and the back neighbor's property? Is there a dining area/room for a table other than the island? Looks like the oval fold out table is what they are using for that purpose.


Gary Thomas said...

The gate leg table in the corner will work for a more formal meal or provide extra seating if others dine at the island. I don't know that many people really host big meals. I think a lot of people go out. It's easier. And I am dead serious about this comment.

The banyan is on both sides. I wrote about the house in the rear several years ago. That two story house is super cute. It has a larger pool. The banyan opens up and has houses an outdoor shower. It is incredible.


FloridaAG said...

Thanks Gary - was curious.


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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.