The Pool at 524 Margaret Street - Key West
Just listed, but not by me, 524 Margaret Street #3 in Old Town Key West.
I dug into the old shoe box and found a black and white photo (below) that was taken back in 1965. Compare the old pic with the color photo just below it. You will notice the windows are different, shutters have been added, the chain link fence has been replaced by a white picket fence, and an exterior stairway added to the left side. These readily observable changes don't tell the whole story, however. As prices on real estate escalated in the early 2000s a lot of large single family homes and some places that had earlier been converted into apartments were then made into condominiums. Such was the case for 524 Margaret Street when it was sold by author Nancy Friday in April 2002 to two Key West Realtors who then converted the four apartments into condominiums. Their design captured the attention of the real estate market and the units quickly sold.
Private Deck circles the property to the south and east
Recently remodeled kitchen with vaulted ceiling
Living room
Second bedroom or office - opens out to deck
Pool is really, really nice. A great feature of this small 4 unit condo.
CLICK HERE to view more photos I took. If you would like to see this unit, please call me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.
2 comments:
I looked at a unit there a number of years ago. Not sure if it was the same one currently under sale or not. I was very puy off at the time that the president of the ass'n had coopted the off-street parking for himself (or herself) - and that even though it was not deeded or tied to any specific unit that the parking was not shared somehow.
The total ownership of this building is changing. Maybe time for some re-evaluation. I heard a story about how the parking was handled. Better to let owners deal with it between themselves. I believe unit #3 is the largest in the complex. I do not know if it has any larger percentage voting rights than other units. I am pretty certain the parking space is not deeded.
Gary
Post a Comment