1320 South Street, Key West - Bank Owned with Price Reduction

Buyers are always looking for lower prices. The asking price on 1320 South Street in Key West was just reduced today to $1,699,000. The new price is $100,000 less than when it was listed on February 26th. The listing Broker describes this Bank Owned home this way:

"Beautiful, updated two story home centrally located in Midtown Key West. This 3 bedroom, 4 bath home offers high-end amenities to truly enjoy the Key West lifestyle. Tiger Wood flooring throughout the home as well as custom cabinetry and a wet bar. Amenities will not disappoint with this home. Includes a grand outdoor pool with water feature as well as a balcony on the second story. Open the French doors and enjoy cool breezes throughout the property. Home was built in 2008 using resilient Hardi plank siding. Includes impact windows/doors and includes 2 zone central air conditioning. Spacious and designed for easy use, this home will not disappoint in bringing Key West dreams into the household."

This home was built new in 2008 and replaced a much smaller home that previously occupied this lot. I dug into my old shoebox and found a photo of the old house. The new place looks nothing like it. The neighborhood as a whole has changed as well. Most, but not all, of the smaller mid-century houses that dot this area have been replaced. The Thompson Estate is located across the street and to the west. Thompson was a buddy of Ernest Hemingway.  I remember showing the Thompson property many years ago and marveling at the huge animal trophies on the walls.

The 3220 sq ft home sits on a 4939 sq ft lot. The facade looks like two houses were joined together to make one large home. That's not the case but the architecture is quite striking. There are three bedrooms each with en-suite bath plus a fourth bath on main floor. The great room is extra large and has doors that open out to the pool and rear deck. The adjacent family room with wet bar also opens out to the pool. Rich Tiger Wood floors are located on both floors of the house. 

 The custom kitchen has about every high-end kitchen appliance that Viking makes including a gigantic range, double door refrigerator, ice maker, dishwasher, and wine cooler. There is abundant storage everywhere. The back side of the kitchen island is extra high and provides a rich environment for casual dining.

The main floor bathroom is adjacent to the wet bar in the family room. The full bath also includes hook-ups for washer and dryer. There is a second washer and dryer on the second floor. The house is wired for stereo throughout and there is also a central vacuum system.

The house has Hardiboard siding, 2 zone central air conditioners, impact windows and doors, custom built pool and waterfall with grotto surrounded by IPE decking and built-in custom bench. The yard is fully fenced and accessed via large electronically operated gate.

Both guest bedrooms are very large. Each has a large walk-in closet located adjacent to the en-suite bath. In fact they are the size of a master bedroom in most other Key West homes. The hallway between the two bedrooms is lined with more closet space. The second floor laundry is tucked away behind one set of doors.

This house appears to be in really good condition. I did not notice any deferred maintenance or see anything that was broken. The house is painted white throughout. That's probably the one thing a new owner might want to change. It's easy. It's fun. And it's not very expensive. CLICK HERE to see more photos I took of this lovely home.

1320 South Street is now offered for sale at $1,699,999 or $527 per sq ft. CLICK HERE to view the Key West mls datasheet and listing photos. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this home. I am a buyers agent and a full time Realtor at Preferred Properties Key West.