1800 Atlantic Condominium - Bank Owned - Key West Waterfront

Just listed, but not by me, 1800 Atlantic Condominium Unit # A-109. There are several units for sale at 1800 Atlantic but this one caught my eye because it is "Bank Owned" and priced at just $375,400. Just a few weeks ago it was offered at the asking price was $650,000. Yikes!

This unit is located on the first floor (above covered parking) in the A wing (or the west wing). It has courtyard and partial pool and ocean views. The listing Realtor describes this bank owned unit this way:

"Lush Tropical Courtyard View. 2 Bedroom 2 Bath Located In The Most Desired Condominium Complex In Key West. Completely Remodeled From Top To Bottom, Kitchen And Bathrooms. Hardwood Floors, Crown Molding. Seller Will Credit Buyer Up To A Maximum 3% Of Sales Price Towards Closing Costs If Negotiated In Final Signed Counter Offer."

Now let's see how the previous listing Realtor descried the exact same property:

"Luxurious tropical courtyard view two bedroom condo. This exceptional condo has a City of Key West Transient License which permits the owner to rent on a short term basis.This property is totally remodelled, no attention to detail was spared, top of the line finishes, hardwood floors, Crown molding, Recessed lighting. This unit was designed by an interior decorator and is being sold totally turn-key. This unit is on a Transient rental program and will require notice to show if occupied by a guest."

I "borrowed" photos from the previous listing that show what this unit looks like when it is nicely furnished. CLICK HERE to checkout the current mls listing info and to view the current photos. I'm not faulting the agent, most unfurnished spaces do not show well. That 's why looking at pics of this same space can give buyers feel for what they can do with the same space. Except now the same space is priced much better.

(Remember, these are all photos from before this property became bank owned and do not depict what this unit looks like today.)

If you have looked at units at 1800 Atlantic before you know that some units have been remodeled and others are pretty much the same today as they were when they were built. The photos show that this unit has been remodeled. The air conditioner was replaced in 2005.

1800 Atlantic Condominiums have a great reputation. Guests return year after year because they know exactly what to expect. The love the ocean, the huge Olympic pool, three tennis courts, and proximity to Smathers Beach. The condos are close enough to town to bike but far from the madding crowd when distance is held dear.

If you would like to see this unit, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty,Inc. in Key West. This unit probably will not be on the market very long at this price.