If you have been looking for a Bank Owned property in Key West with lots of upside potential, the new listing (not mine) at 1309 Villa Mill Alley
is something to cheer about. I can't say enough good things about this
property. The listing Realtor does a good job, however, by stating:
"Gated entry to this large 3529 sq ft home located in famous Old Town Key West on an alley only 2 blocks from the beach and Duval street. 5BR/4BTh. Master suite down with marble bath. Large spacious kitchen, a real dining room, office/craft room, outside storage room, and a super large living room that may be turned into an office (has separate entrance). There are decks upstairs, downstairs and on sides. Lush, mature, tropical landscaping and fence make this a very private home. As you enter through the gate the view of the free form pool and spa framed by the lovely landscaping is spectacular. French doors from kitchen open onto this stone patio for a cozy pool-side lunch or dinner. Off Street, bricked parking for two cars."
1309 Villa Mill Alley is
located just south of United Street and east of Simonton Street. The
"alley" dead ends about 300 feet or so. The other homes on the "alley"
have all been updated and are among the more expensive homes in the Old
Town area. The house at 707 South Street sits just south of the end of
the alley. That house was a featured scene in the James Bond movie
"License to Kill". All of the houses have dense foliage that protect the
insulate the properties from the land. The house itself has bricked off
street parking for at least two cars. The living room of the house is
located in an old cottage at front. The rest of rest of the house (two
two story houses united by a two story staircase and lobby) is new
construction built in 1995. New windows and decks were added in 2006.
Original house is now the living room
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Living room
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Like other homes on Villa Mill Alley, this property has a
gated entry that opens into a courtyard. The pool and spa are located
here as well. Doors from the kitchen, the master suite, and the two
story staircase and lobby all open out to the courtyard.
This
house has lots of space for sophisticated living and real rooms with
identifiable purposes. I say that because so many houses today have
great rooms that serve multiple purposes. That is fine and works very
well, but there is something ever so nice about a home that has
traditional rooms. French doors open from the courtyard into the large
kitchen with vaulted ceiling. This kitchen is huge and has room for
seating around the island for informal dining. The formal dining room
(not seen in most new construction) is located adjacent (first and third
photos below). The living room is located to the front (second photo
below).
The
kitchen is located in a new addition to the back of the original house
on the lane. The dining area and office/study (located adjacent to the
rear) are on the ground floor or the south two story new houses that are
joined together by the two story staircase and lobby. Sound confusing I
know.
The
master bedroom with en-suite bath is located on the ground floor on the
north side of the home. The bedroom has sets of French doors that open
out to the cool pool and spa for a refreshing late night dip. The
bedroom has a cedar lined closet. The bath is extra large and features a
steam room. There is a rear entrance that leads to an outdoor shower - a
must in every Key West home.
The
second floor is dedicated to sleeping in both north and south wings.
The north wing has a second master suite (with en-suite bath) that is
laid out differently but which has a deck that overlooks the pool below.
The south wing has two smaller bedrooms that share bath.There is even a
second floor sundeck for some private al fresco sunning.
1309 Villa Mill Alley has 3529 sq ft of living space distributed among the several buildings that are all connected. The house sits on a large 6656 sq ft lot hidden from public view. This bank owned home is offered at $1,595,900
or $452 per sq ft. If you are a serious buyer
you will know that the price per sq ft is considerably lower than
similarly sized important homes in the Old Town area. This property has
previously been successfully rented as a monthly vacation rental. It has
superior amenities and a great location near South Beach and upper
Duval Street. It provides easy access to many Old Town locations within a
few minutes by foot or bike. This place is
definitely worth looking at. CLICK HERE to view the Key West mls datasheet and listing photos. I took more photos which can be seen if you CLICK HERE. I added the floor plan below so you can get a feel for the layout.
CLICK TO ENLARGE |
If you would like to see this great bank owned property, please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.
3 comments:
Hi Gary,
I'm confused. Didn't sell at $1.3M but is now bank owned at $1.6M? What am I missing here?
There are several houses on Villa Mill Alley. This property sold in 2005 for $1,900,000. That is the last sale.
Gary
Ahh. That explains it. Turns out I was missing something. Thanks Gary!
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