820 Terry Lane - Key West - Bank Owned

Just listed, but not by me, 820 Terry Lane in the Bahama Village area of Old Town Key West. The price on this lovely little two bedroom home with 598 sq ft of living space plus a very large shared pool and an off street parking space is just $210,000. The listing broker describes this Bank Owned property like this:

"Cute Conch Cottage In A Unique Old Town Compound. Gorgeous Shared Pool, Welcome To Shangrila. Condo Restricted To Full TimeResidency 5 Unit Complex. One Off Street Parking Space. All Offers, Buyers Must Have Pre-qualification Or Proof Of Funds Before An OfferCan Be Submitted."

Terry Lane is located two blocks west of Duval Street. It is situated between Truman at the south and Petronia to the north. CLICK HERE for a Google Map aerial view of the location. If you have walked to Blue Heaven for pancakes or an evening meal, you probably walked right past Terry Lane. If you managed to walk to the top of the Key West Lighthouse you probably saw the house because it is located just a little over one block to the north.


CLICK HERE to view slide photo presentation of this property. You will observe a large winding pool sitting behind five houses. These five houses comprise the Terry Lane Court Condominiums that owns the common area including the pool. Each homeowner is responsible for the repairs and maintenance of the individual homes. 820 Terry Lane is one of only three homes to have a designated off street parking spot.

The house needs real good cleaning and a fresh coat of paint. The floor boards on the front porch need replaced. There is some minor wood rot in a couple of places. Otherwise, the house looked in pretty good condition. The house is currently configured with the two front rooms used as bedrooms followed by the kitchen living room at the rear. The bathroom is located off the living room. It might be a bit awkward of you had lots of guests. But a young couple or old empty nesters could make-do just fine with the arrangement. The rear of the house has a big vaulted ceiling and lots of windows that look out to the back porch and the pool beyond.


The listing broker got it right when she referred to the area as "Shangrila". This is the type of cute little compound many buyers dream of. And it is affordable.

If you would like to see 820 Terry Lane or any other property in Key West please contact me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.