605 Margaret Street, Key West

Buyers seeking an Old Town location should consider 605 Margaret Street, Key West  which the listing Realtor, not me, describes this way:

"This perfect Old Town Cottage is newly renovated as a single family 2 bedroom 2 bathroom home with a large bonus loft. The property can also be legally converted into two units per the City of Key West however the property is currently using one meter. This great location is only blocks away from Duval St and would make an excellent investment property."

 I searched through my old shoebox and found the above black and white photo taken in 1965. The top color photo shows multiple embellishments that have been added since, but the original house remains intact. The Monroe County Property Appraiser records show the house has 918 square feet of living space. The photo shows what looks to be a typical cigar maker cottage with a two story read addition. In recent years this house has been used as employee housing for the neighboring restaurant on Southard Street. 

 The front portion of the main level is a nice one bedroom with about 514 sq ft of living space. This room has a combination of Dade County Pine walls that have been painted white with one accent wall where the Dade Pine has been stripped and sealed. The front porch opens to a view of the old Harris School across the street. I found a photo taken inside the school around 1955 which I think shows 605 Margaret Street on the left. The children were first grade students.

A door at the rear opens into the two story mother-in-law one bedroom with kitchen and bath. The 300 sq ft of living space is divided equally between the floors. The bedroom has several windows which offer sunny views which you cannot see in the above photo. There is fairly good sized wood deck at the rear with a canvas awning - not pictured. That space is about 23 feet wide by 10 feet deep. The property records show there used to be a hot tub located there. If I owned this home, I would remover the awning, replace the hot tub, and have sweet little cottage in an ideal Old Town location.

CLICK HERE to view the Key West MLS datasheet and view more listing photos. Then please call me, Gary Thomas, 305-766-2642, to set up a showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. This is worth looking at!