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Friday, January 20, 2017

1500 Albury Street, Key West - Just Listed

1500 Albury Street is a brand new custom built home resembling the charming historic architecture of Old Town Key West.  While this home looks like a house of the past, it is very much a home of the future. Let's take a look at some of the features of this new 2240 square foot home.
The front entrance suggests there might be two residences here. There aren't, but the second door does lead to the main floor front bedroom which might be used as an owner's lockout or an in home office. The doors are custom made wind impact resistant as are all the doors and windows in this home. The shutters are for decorative purpose only. The siding in Hardy Plank, a man made siding created to withstand fire and pests and which stand up to the tropical climate in Key West. Hardy Plank will not need to be painted as often as regular wood siding. Not seen but forever present is the tough engineering behind this house and the superior materials used in framing the house which result in very affordable home, wind, and flood insurance premiums. The front doorbell has iPhone connectivity which allows an absentee owner to see who is at the front door from anyplace in the world. Old look yes, but this is a house of the future.
When you first enter this seemingly old fashioned home you see travertine marble floors, high baseboards, wainscoting, large crown molding, and coffered ceiling in the living area. The main floor bedroom (with en-suite) is on the right of the entry. A guest bath is on the left. The intricate stairway follows. As you walk toward the living area the kitchen and dining come into view. And you are awed by the beauty. 

The kitchen is the star in this open living area concept home. Custom cabinets are topped with KOSMOS granite. LED lights provide subtle illumination of the abundant work spaces. All appliances are Thermador stainless steel including the 36 inch duel fuel range. 
Unseen or barely noticeable features in the first floor bedroom but included in all other bedrooms include switched lights at bedside, lighted closets, home run wiring of all electric lines and cable/internet connectivity to a master panel. This allows an owner to turn on and off lights from in the room or any place in the world. This bedroom will provide a place for mom who may find climbing the stairs a challenge. 
Mahogany flooring was used on the second floor and the stairway. These floors ad a change in tone and texture to this private part of the home. Notice that the wainscoting continues up to the second floor hall landing. A door leads out to the covered second floor front porch which has exterior lighting, a fan, and AZEK decking.  There is a little seating area with in floor electric fixture. The stairwell is quite dramatic and is a feature I don't recall having seen in other Key West home. 
 The master bedroom has a vaulted ceiling which adds dimension to this part of the home. A sliding door opens out to the rear balcony that overlooks the pool area below. The master bath includes a large shower and bidet.
Guest bedrooms 3 and 4 share the Jack and Jill bath. Notice the crown molding and detailed wood trim continue in this space as well. All water lines have home runs to the water supply source. This means the new home owner will never have a change in water pressure while taking a shower. By the way I need to mention our water tastes good. 
The swimming pool includes a waterfall and LED light technology which provides endless underwater lighting possibilities. (The net around the pool  is a safety feature that may be removed after sale.) AZEK decking was used on all four porches and the pool deck area.  AZEK decking is a man made material that is resist scratches, stains, insects, moisture, mold, mildew, and fading. There is an outdoor shower tucked in the corner. Most locals use their outdoor shower all year long. You'll fall in love with it! Barely visible is the extensive outdoor lighting both on the building, hidden in the stairs, and throughout the yard which also includes a sprinkler system. A whole house generator with buried underground propane take is located adjacent to the two car driveway. 

 CLICK HERE to view the Key West MLS datasheet and listing photos. Please call me, Gary Thomas, 305-766-2642, to show you this beautiful new luxury home that is a stunning addition to Key West. Cory Held and I are the co-listing agents on this property. We are both full time Realtors at Preferred Properties Key West. 1500 Albury Street will  be on OPEN HOUSE on Sunday January 22nd between 12:00 to 2:00 PM.


FloridaAG said...

It looks very nice. Do you really think there are any buyers willing to pay $2.2 M to live on Albury St in that location?

If so, perhaps I need to list my house immediately

Gary Thomas said...

Yes or near it. I held a pre-listing open house last weekend. I had 101 people walk through the house. People raved at the look, the quality of construction, and the features.

There are not a lot of $2 million plus buyers. But one of them will see the quality of this house compared to others and buy it.


Anonymous said...

Is there one single comp for this home?

Gary Thomas said...

Yes. 845 Galveston Lane sold at $2,300,000.

The market will determine what any house is worth. Don't you worry about this listing. That's my job.

Jay said...

Gary, gorgeous home. I thought it would be priced higher. I think it's worth every cent. Key West Jay

Anonymous said...

That's the handy thing about comps on a 4X2 mile island in the can use virtually any that come close in beds, baths and square footage.

Gary Thomas said...

The house was appraised and priced near the appraised price. The Galveston Lane is one of the comparable properties. There are not that many new houses in Key West so the appraiser used recently renovated. The Galveston Lane house is beautiful. It is a combination of an old eyebrow house and a new addition. By the way the owner who paid $2.3 for that house is living next door to an inhabited 40 foot trailer.

There is something magic about living in Key West. People who choose to live here do it for a reason. My guess is that whoever buys 1500 Albury Street will be looking for a home that does not need to be fixed and that is economical to maintain and to insure. The homeowners insurance on this house is $2800 per year including wind. Compare that to an historic wood home of comparable size where the wind policy will likely be around $10,000 or more per year. I have lost deals once buyers learn how much wind insurance costs. This house is super-insulated between walls, under the flooring, and in the attic. It will cost much less to air condition than most homes in all of Key West including most new homes. This seller went all out in building a structure that has enduring and repetitive cost saving features including the Hardy Plank siding. A lot of builders use Hardy Plan, but not many in Old Town can build an entire house of it because of our HARC rules. The same can be said for the use of impact windows and doors. This builder installed three custom made wood doors that cost $7,000 each to obtain the impact specification. They may look like a lot of doors, but they offer so much more in security and noise abatement on top of making this home much less expensive to insure.

Nag all you want about the price of this house. Some smart buyer (the kind of guy who has made a lot of money in life by being cost conscious) will see the value that has been incorporated into every aspect of the building process.


Anonymous said...

As a key west homeowner myself I pray you get your price. Best of luck. Exquisite home.

Anonymous said...

Yeah I put $1,500 brakes on my wife's 2007 Yukon so she'd be extra safe on the road and they'd last a long time. In the end, it's still a 2007 Yukon and worth exactly what those are worth. Move those doors to some enchanting Lane with a perfect 5,000 Sq ft lot two blocks from Duval smack dab in the center of town and then you've got that price point no problem. Oh and then make that house one that's a rare eyebrow from the late 1800's and was owned by one family and virtually untouched. Apples to oranges.

Anonymous said...

Would 1410 Albury be a comp? About 500 Sq ft smaller but only two doors down. $1,000,000 cheaper.

Gary Thomas said...

1410 Albury is no comparison for a lot of reasons. It looks like it is really nice home. I have not been inside. But the bedrooms appear to be smaller as do the bathrooms. The lot is a bit smaller but not by much. The house is about 600 sq feet smaller - about the size of a two bedroom on bath Shipyard condo.

1500 Albury will be open today from 12 until 2. Stop by and take a look for yourself. A fellow Realtor is having another open house across the street. Look at both.



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.