634 Louisa Street #3, Key West

634 Louisa Street Unit #3 is a buying opportunity for the frugal buyer who wants a place that is move-in ready, priced below market for similar properties in Old Town Key West, and is economical to maintain and insure on a long term basis. 

The listing Realtor, not me, describes this 756 sq ft two story condo unit this way:

"Spacious one bedroom home with a bonus room that can function as a den and guest room. Newer construction that has very affordable insurances due to it meeting strict building regulations and being located in an X flood zone, just steps away from upper Duval street. Property may be sold furnished to create a turn key buying opportunity. Very private backyard with delightful jacuzzi and tropical landscaping."

The first floor is an efficient mix of living space, kitchen, and dining area. Glass sliders open out to the surprising rear courtyard which has a private hot tub. What looks like a rear gate is just a bit of folly to help create more interest in the space. I think the back yard is really creative for such a small space and a small price by Key West standards. The above photo will help readers understand some of the cost savings built into these units. The exterior of the building has Hardiboard siding. This is a man-made material that is resistant to pests and our climate.Hardiboard siding does not need painted as often as regular wood siding. The windows and doors are impact glass which means both your windstorm and home owner's insurance will be greatly reduced year after year. The property is in the X zone so flood insurance is not necessary. 

This unit was previously rented as a vacation rental, but it could be easily rented as a long term apartment as well. There is a huge housing shortage in Key West. I am confident a new owner could rent this space in a New York minute.

This property is located just one block east of the shops, restaurants, and habitats of upper Duval Street. Neither you nor your renters will need a pool because South Beach is just a couple of blocks away.


CLICK HERE to view the Key West mls datasheet. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of 634 Louisa Street Unit #3 that is offered for sale at just $499,000. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

---