210-2 Southard Street, Key West - Transient Licensed Shipyard Condo in the Truman Annex

 

Just listed by Preferred Properties, that's where I work but this is not my listing, 210-2 Southard Street in the Shipyard Condominiums at Truman Annex. Truman Annex is located just two blocks from historic Duval Street and all of the attractions that make Key West a world class destination. This is a unique one bedroom unit with a valuable Truman Annex Transient License which permits 25 weekly rentals throughout the year. The unit may also be rented monthly or used by the owner or the owner's family throughout the year.

The listing Realtor describes the new listing this way:

"This bright and breezy second floor Shipyard unit has a spacious rear deck, assigned parking and a special Truman Annex transient license. The management company calls this unit Treetops because of the lovely poinciana trees front and rear. This unit is being sold turn-key with attractive tropical furnishings and assumable advance bookings."

If you have been watching Key West real estate sales for the past few years and are waiting for a price dip to get the house you didn't get when prices were lower, don't hold your breath. A dip might occur, but if it does it probably won't last long and when the market returns, there will be slew of buyers chomping at the bit to buy what they should have bought before prices increased after the 2008 market down turn. For the past several years those same type of buyers have gobbled up Shipyard Condos because renters favor this development over just about any place in town. Read about why in the next paragraph. I did a quick search to determine the number of sales since 2013 and the price paid on a per square foot basis for each year. Numbers speak louder than words.

YEAR     NUMBER UNITS SOLD     PRICE PER SQ FT
2013        5                                             $666
2014        9                                             $741
2015        13                                           $857 
2016        7                                             $862

There are now only four units available in the Shipyard which are priced on an average price per sq ft of $895.  As you link at the mls link below consider what is included in this unit that is not often included in most other Shipyard listings by the company that sells most of the Shipyard units: furnishings and advance bookings. Most sellers make buyers pay for the furnishings and require a buyer to take over the bookings with a specific property management company to get them. They are offered in this listing without qualification.

Returning visitors to Key West love the location, comfort, and security that Truman Annex provides. Guest who stay in this unit will especially love this location because it's hard to get lost when the place you are staying is located about 100 feet west of the gated parking entry and next to a park-like space between the next row of condos. People do get lost, especially people who have had the extra cocktail. The location itself is within walking distance to Ft Zach Taylor State Park and Beach.  The pool is only a minute or so walk, but I'll bet you more guests will head off to the beach to enjoy the sun and ocean.  At night the Green Parrot and other nearby establishments provide music, food, and cocktails.  During season the Waterfront Playhouse at Mallory Square and the Red Barn Theater offer live performances that feature many local talents. Day or night, there's always something to do and whatever it is, it is within easy walking distance of Truman Annex. Duval Street is two blocks to the east. Sunset Celebration is held nightly - just a five minute walk to the north through the ever beautiful Emma Street in the Truman Annex.

CLICK HERE  to view the Key West mls datasheet and listing photos.  Better than that, please call me, Gary Thomas, 305-766-2642 to set up a showing of this unit.  I am a buyers agent and a full time Realtor at Preferred Properties Key West.