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Friday, January 3, 2014

716 Elizabeth Street - Rear - Key West


Just listed, but not by me, 716 Elizabeth Street (rear), an absolutely charming Key West cottage. This place will "WOW!" you from the moment you approach as you walk down the small lane off Elizabeth Street. 

The listing Realtor describes the property this way:
"In the heart of Old Town in the middle of the block off a quiet street. Stroll down the walkway and enter the gate to a hidden retreat. Large tropical trees and vegetation that will constantly remind you that you have found paradise. There are two bedrooms and a bath along with living room and kitchen in the front unit and a bedroom and bath with kitchenette in the rear unit. Both units have private outdoor space. The configuration allows for many possibilities. Ready for you to personalize."
A lot of potential buyers want a place they can use and possibly rent to help defray part of the cost of ownership. This property can do just that, but in a way you may not have considered. The rear studio apartment can be rented monthly. It will generate reliable monthly rent every month.  I doubt you would ever need to use the services of a property manager. 
The Monroe County Property Appraiser records show this house was built in 1977. (I found photos of the prior cottage which was razed.) In searching the old Sanborn Fire Map I found the original cottage which was taken down.  Interestingly, the Sanborn map identified the lane to the rear (west) as "Cat Alley". Today Cat Alley is known as Whitmarsh Lane. For readers concerned about flood elevation, this property is located near the top of Solares Hill. 
The property is a legal duplex.  The front unit is the owner's residence with a spacious living area and small but efficient kitchen. A center hall leads to two bedrooms and one bath. The main residence is spotless and in move-in condition. The exterior, likewise, is in near perfect condition.
The rear studio apartment is adorable and is accessed via a path on the north side of the property. You may want to move in there yourself.It ought to stay occupied all year long and would likely stay rented to the same tenant for years to come. With a place this cute, who would want to leave?
The cottage is flanked by garden areas on all four sides. The rear portion of the cottage has a charming covered porch where all you can do is contemplate the glories of living in Paradise. This is pretty much maintenance free living.  Many of the plants are potted (as are many of the denizens on the streets of Old Town).  CLICK HERE to view more photos I took of this property.
There is no room for a pool, and there is no off street parking. If you need either 716 Elizabeth Street Rear won't work for you. On the other hand if you want an easy to maintain place that does not require any repairs before or after you move in and that has an easy to maintain yard, this property may appeal to you. 716 Elizabeth Street Rear is offered for sale at $685,000. CLICK HERE to view the Key West mls datasheet and listing photos.

If you would like to see this property or any other property for sale in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a buyers agent and a full time Realtor at Preferred Properties Key West.  Let me help you find your place in Paradise.

Thursday, January 2, 2014

409 Grinnell Street - Key West - Price Reduction

The two story Conch house at 409 Grinnell Street has been lovingly updated and looks picture perfect  The house first appeared in the 1889 Sanborn Fire Maps for Key West. I was surprised to learn that the adjacent Elgin Lane was named "Hidalgo Alley" in 1889.  As I looked through the old shoe box for photos of the property, I found a photo of a former resident that was taken in about 1918 - during World War I.  The photo shows Lawrence Higgs who was an inspector for the Florida East Coast Railway. The black and white photo below Mr. Higgs was taken in 1965 and shows how the house presumably looked for decades.  The color photo beneath shows the same property as it appeared in April 2011 - before the current owners purchased it. Note the metal louvers on the front and sides.  These louvers were replaced by real windows during the recent renovation. The owner told me that drywall covered two upstairs windows on the Elgin Lane side. New windows were added, the Dade County Pine walls were sanded and sealed. The floors were sanded and refinished.  Two difficult small bedrooms became one large bedroom filled with light. Little changes were made throughout the house.  Living spaces became a bit more user friendly for today's lifestyle. But the renovation kept the original character in tact.

The listing Realtor describes 409 Grinnell Street as:
"Beautifully renovated 2-story Old Town home located a few blocks from the Historic Sea Port. This grand Key West home displays Dade County Pine and a picture perfect interior. The 45' deep by 27' back yard includes an outdoor shower & plenty of room for a nice pool, decking, and garden."
When I first started selling houses in Key West in 1996, a time before almost every place had granite counter tops, stainless steel appliances, and designer baths,, houses looked more like 409 Grinnell save the 1950's appliances. 
Drywall from an earlier renovation was removed. Much of the original Dade County Pine walls, ceiling, and floors remained intact and in very good condition.  The original wood walls were sanded and had a clear sealer added.  The trim was painted a crisp white to make the wood walls appear more robust.  The floors were all sanded and refinished. The house now has a uniform look throughout without having a "staged" look. Let me tell you there is a world of difference between original floors and some of the stuff retailers are passing off today. The closet under the elegant staircase became a wine storage room sans temperature control. It works - naturally.
The first floor has a bedroom which currently has an overly large bed and armoire that makes the room seem pretty small. The room is fine. It's the furniture that is perhaps too big for the room. The adjacent bath does "double duty" so to speak. The bath doubles as a guest bath. The bathroom is quite large. Notice the Dade County Pine walls and ceiling and the old style tiled floor. The bath tub hearkens bath to yesteryear as well. An opaque window provides lots of light and lots of privacy.
As soon as you enter the house your eyes are drawn through the living area then past the dining room where you see the kitchen. You see an old refrigerator and smile. Cute. Must be a gimmick - a piece of nostalgia.  Not so. When you look more closely you see the Crosley Refrigerator and the Kelvinator double oven stove with polished chrome top. Both appliances have been totally restored. The original temperature settings in the Kelvinator oven still guide the cook as the best method for making real meals (not the nuked kind so many people eat today).
The beautiful stairway leads to the second floor landing which then leads to three bedrooms on this floor. The bedroom on the Elgin Lane side was previously two small rooms where drywall covered the window at the rear. An interior wall was removed to create a larger bedroom.  The front covered balcony is adjacent. You might have your morning coffee while watching tourists and locals stop by the Old Town Bakery just across the street and down on the corner. If I lived here I'd be ever so fat. That bakery ought to be declared a sin for the pastries are sinfully delicious.
A second bedroom is located on the south side.  The third bedroom is located at the rear. It is smallish and makes a good den for the current owners. There is but one second floor bath. It is, however, quite large.
The rear of this property is still pretty much a blank canvas where a new owner could create his or her or their vision of the idyllic Key West back yard with pool or whatever. The space is quite large and provides adequate room for a pool. Constructing a pool would be pretty easy because a contractor could temporarily take down the fence on Elgin Lane, dig the pool and surface it, and then restore the fence. By the way, the laundry and a cute outdoor shower are located in the backyard as well.
CLICK HERE to view more photos I took of this cute Key West home.


409 Grinnell Street is now offered for sale at $997,000 or $652 per sq ft for this 1688 sq ft four bedroom/two bath home. CLICK HERE to view the Key West mls datasheet and to see listing photos. After you have looked at that, please contact 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.

Wednesday, January 1, 2014

Happy New Year 2014 from Key West


It's the morning after the night before when Sushi descended from the Bourbon Street Pub to welcome in the New Year in Key West.

I found the Sushi photo on Instagram where someone posted it as "best photo ever".  I took the photo below. Note the two city workers guarding the police barricades to prevent someone from walking away with a couple of hundred pounds of iron. (I had to wait seven to ten minutes to take this photo.  Two garbage trucks stopped in front of the bar while workers picked up yellow trash containers and loaded them on the trucks. Two huge street cleaning machines and five or six "chase" vehicles stopped to wait for the workers to complete their pickups. The work crew reluctantly picked up their pace, loaded the trucks, and left. The machines swept and sprayed the street. The chase vehicles followed.  The two guardians of the barricades did not move an inch.) 

In a few days I will write my year end summary of real estate sales in Key West.  But for now I'll simply say what is quite obvious to the real estate agents and "active" buyers who are seeking a place in Key West, the pickings are slim and the prices are rising. Several properties I have written about in the past few weeks went under contract within days of being listed.  

CLICK HERE to search the Key West Association of Realtors mls. This is the real website that Realtors post listing information. Viewers see what is available in "real time" as opposed to other shadow sites that sometimes offer stale or dated information.  If you want to buy, you need real time information.

If you are not working with a Realtor, please consider working with me, Gary Thomas.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. Contact me at 305-766-2642 or send me an email at kw1101v@aol.com.  Maybe you will have a place in Key West to call home on January 1, 2015.  Wouldn't that be great!




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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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