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Thursday, January 13, 2011

610 Olivia Street - Old Town - Key West

Just re-listed, but not by me, 610 Olivia Street in Old Town Key West. This property has been on the market on and off for a couple of years and it was recently offered at a higher asking price. The property was re-listed today at $475,000 or $380 per sq ft. The listing agent describes the property this way:
"Charming single family home located just one block from Historic Old Town Key West. Wander to museums, shopping, restaurants, clubs and, of course, to the Atlantic ocean. Amenities include off street parking a large yard, central AC throughout and a spacious one bedroom mother-in-law suite to handle all those friends and family who will want to visit."
The two houses at 612 and 616 Olivia Street were purchased by one buyer a couple of years ago for $4,850,000. That purchaser then did a mini-renovation to create an incredibly beautiful Key West mini-estate. The properties directly across the street from 610 Olivia are part of the Paradise Inn. I refer to the view across the street as being similar to Wisteria Lane on Desperate Housewives because the view is just perfect. Key West Chemical Company owns the buildings behind and west of 610 Olivia Street (Guilda's Flowers). Some may view the location negatively and others may view it positively.

I think this house at this location could work well for a buyer looking to purchase a second home in Key West that could be rented occasionally as a monthly vacation rental. There is room at the rear to add a good sized pool and add some needed landscaping. There is a large side yard that already provides ample off street parking.

The cute house at 610 Olivia Street is 875 sq ft and sits on a 3385 sq.ft. lot (91' x 37'). As presently configured, the property has two bedrooms and two baths with one bedroom and one bath on each side of this house which has two front doors. The listing agent refers to the additional living area as "mother-in-law suite".CLICK HERE to view the Key West mls datasheet and listing info.

Notable nearby restaurants include Seven Fish, Pisces, 915 (Duval), and Martin's. St. Mary's Catholic Church is a two block walk away. You can reach most of Old Town on foot within ten minutes from this location. Until you build your pool you can use the public beach at South Beach or walk over to Ft. Zach.

Ft. Zachary Taylor State Beach
If you are looking to purchase a second home in Key West, please contact me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com to help you find the home of your dreams. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.


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