1501 White Street - Key West -Bank Owned

I have written about 1501 White Street a couple of times prior to this when it was once a regular market sale that later became a short sale. Now it is Bank Owned and priced to sell. The asking price is $599,900. The listing broker describes this property as

"Tropical oasis located just a couple of blocks from the beach and White Street Pier, bocce ball courts, restaurant, and the Casa Marina Resort. Totally walled with concrete fence for privacy and landscaped with mature palms, tropical trees and shrubs. Large patio with pool ready for relaxation and enjoyment. Main structure is a 2Br/2Bth home, recently renovated, has large living room with vaulted ceilings, kitchen with SS appliances and granite counters, and a wall of French doors in dining room overlooking pool and patio. Guest cottage (1/1) is separated by a fence from main house. Gated Off street parking for two cars. Property is situated on a large corner lot. Privacy, Privacy, Privacy! Easy to view!"

I took new photos this morning that show the house without furniture. The living room is quite spacious. The ceilings soar and provide dramatic relief from ordinary ceilings. In fact most of what you see in this home is far from ordinary. All of the floors except the guest bedroom are Cuban tiles.  Most rooms have crown molding.  The shared bathroom has quite artistic bath fixtures.  I mention these points because a buyer seldom gets the chance to purchase a house with the size and superior upgrades available as are offered in this property at this asking price.  

 

The master bedroom has a unique second bath which is located outdoors under a canvas awning. There you will find a spa tub, toilet, bidet, and fancy sink. The are dual outdoor showers located around the corner. No worry about privacy - the space is total private from all angles.  

The newer kitchen faces the east where the pool and rear gardens are located. A cluster of tall palms lines is located toward the rear and separates the main house from the guest cottage at the far back side of the property.  

The property is surrounded by a six foot tall CBS privacy fence. There is cover parking accessed by electronic gate. A small guest house is located at the southeast corner of the property. A new owner could use that space an additional bed and bath or maybe tear it down and erect at two story cottage in its place.  The lot is 7369 sq ft ( 62' x 120'). I believe there is plenty of room to construct a larger cottage which could dramatically affect the main house by providing necessary guest lodging space.  The property already has an 'estate' feel to it. The addition of newer and more opulent guest space would only enhance this property. CLICK HERE to view more photos of this property.

Don't let the green pool deter you from consider looking at this property. A good cleaning and the pool will be crystal clean again.  The tropical foliage needs a hair cut but other than those two issues, this property appears to be in move in condition.  CLICK HERE to view the Key West mls datasheet.

Pool view a few months ago

This property when updated could make an excellent second home (vacation rental) or full time residence.  It is located just a few blocks from the Atlantic Ocean and Higg's Beach.  The Casa Marina Resort and Beach Club is just a few blocks to the west. Old Town is an easy bike ride.  Many of the island's gyms and yoga studios are located a few blocks north near the corner of White and Truman.  Fausto's Food Palace and several neighborhood restaurants are also located nearby. The proximity to fun, food, and fitness make this an excellent location as a vacation rental.

If you would like to see 1501 White Street before someone snaps up this bargain, please call me, Gary Thomas, 305-766-2642.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.