The Best Buy in Old Town

The Best Buy in Old Town!

912 Fleming is a really big house with a beautiful pool on a big lot on a great street with really expensive neighbors. And it is priced to sell.

Here's the skinny. The previous owner was a designer who renovated numerous properties in Key West for himself and clients for several years. He had purchased the house next door (at 916 Fleming)and was renovating it when he passed away early in 2006. His estate sold the project house for $1.5 million (the house was gutted and was basically a very expensive "shell"). That property is pictured to the right and shows how it looked in January 2006 and February 2007. It is almost finished.

The house at 912 Fleming is 3228 square feet on a 5650 square foot large--fairly large for Old Town. It has 4 licenses and the owner rented two apartments located at the front of the home and he lived in the rear--most of which was newly constructed by him during his renovation in 1997-98.

The home is perfectly liveable "as is", but a new homeowner may want to eliminate the rentals and expand the living space to the entire house. And here is why: the neighbors.

The house next door at 908 Fleming just sold for $3.6 million ($1,158 per square foot) and is undergoing a massive remodel. That house is huge and has a huge lot. And just next door to 908 another new house is being built. The house across the street at 911 Fleming is on the market for $4,675,000 or $1,509 per square foot. That house also is huge and has a huge lot. See the trend: big houses, big bucks being spent.

The estate of the former owner has reduced the price from the original asking price of $2.6 million to $1,990,000 or $616 per square foot. That's a no-brainer in my book. Perfectly liveable as is. Great block and ready to go.

Not my listing, but I can help you buy this bargain today. Call me 1-305-766-2642. Click the title above "The Best Buy in Old Town!" for more info and pics on 912 Fleming.