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Sunday, July 31, 2016

1717 South Street, Key West - Bank Owned and Price Reduced!

If you have been hoping to  buy a fixer-upper, you might want to consider taking a look at  1717 South Street in Key West. It is Bank Owned. This is the third price reduction on this property.  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 $499,900 or just $294 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.

Friday, July 29, 2016

915 Windsor Lane, Key West

Just Listed, but not by me, 915 Windsor Lane, Key West. This 1541 sq ft home has multiple features that second home buyers covet when thinking about what they want in a home here including a very valuable City of Key West Transient Rental License.
The listing broker describes this home this way:
"Newly redecorated, transient licensed, 3 bedroom, 3.5 bath luxury townhome is part of a six home community, in the heart of the Old Town, just 3 blocks to Duval Street. The first level features an open floor plan living space with 10-foot ceilings, a gourmet kitchen, and sliding glass doors to a decked rear yard with private cocktail pool. There is also a guest bedroom with en suite bath and a half bath. The upstairs also features 10-foot ceilings with a large master bedroom retreat on the rear of the home with a small porch overlooking the pool. The master bedroom has a large en suite bath and a sitting area (with sofa sleeper). The second floor guest bedroom has a private bath with tub and another porch overlooking Windsor Lane. This desirable home boasts strong financial projections for 2016 and 2017. Off-street parking, a whole house generator and an X-zone flood location make this home an ideal investment."
The Windsor Lane Townhomes were built new and introduced to the market in 2006. These six homes replaced the old Sea Isle Court motel shown above. Since the site already had transient licensed units, the developer was permitted to retain six of the fourteen licenses which in turn make these homes more valuable than other properties built at the same time And the value will only continue to increase over the years. Let's look at 915 Windsor Lane starting from the main floor front entry.
When you enter the house you immediately sense that this is some big place. The first floor has ten foot ceilings. The floor is travertine marble. The wood trim is massive including extra large baseboards, crown molding, wood trim, and complimented by the elegant stairway to the second floor. High end Baldwin fixtures are everywhere. The first of three bedrooms is located just off the front door. Double pocket doors give this room the option of being used as a den or office. It has its own private bath.
As you move forward into the living area you may notice the guest bath tucked away under the stairway. That means all the private baths remain private no matter the time, day, or need. Then you see how well designed this space is. There is a built-in bar located opposite the kitchen which features Greenfield cabinets, Viking stainless steel appliances, and granite counter tops which are also located in all bath rooms.  The breakfast bar offers informal dining space where the guests and the chefs can discuss the events of the day and make plans for tomorrow. The private pool can be seen to the rear.
The second floor has a nine foot ceiling. The stairs and floor are engineered Teak. Two louvered doors hide the laundry. The master suite is located at the rear of the second floor. It has a small balcony where guests can site and pontificate about the problems of the world which they probably won't do. They are more than likely want to buy a place like this when they get the chance. The master bath is extra large as is the bedroom chamber itself. You won't find digs like this at the Holiday Inn.
The guest bedroom is located at the front. It has a small covered front porch where occupants can watch the world go by. And it has a great view of St. Mary's Basilica upon the corner of Truman and Windsor Lane. The room is quite large and has it's own private bath.
These homes were built with numerous long term money saving features including Hardie board siding which is buy and fire resistant and which stands up to our hot and humid weather. It requires less painting. The home includes PGT and CGI windows and doors which are hurricane impact resistant. These plus the new construction means your wind insurance should be 30% lower than stick built homes with regular storm shutters. And the X zone flood location means your lender will not require floor insurance.
Guests will love this location which is just three blocks from Duval Street. The Key West seaport is about a ten to fifteen minute walk to the north.  St. Mary's is up at the corner. There are several gyms and yoga studios within a five to ten minute walk in either direction on Truman plus there are dozens of eateries from Sandy's to the Cafe Marquesa all within easy walking distance.
CLICK HERE to view the Key West MLS on 915 Windsor Lane which is offered at $1,750,000.  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.


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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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.