Key West Short Sale - Prime Location -1012 Southard Street

1012 Southard Street - Old Town - Key West - Short Sale

I have previously written about 1012 Southard Street extolling the many reasons why I think this property is a great buy. Now there is an additional reason: the asking price has been reduced to just $699,000 and the property is now offered as a short sale. The three bedroom and three bath home has the makings of true wish fulfillment for those who are willing to do a little work in exchange for getting a lot in return.

Just below you will see photos of 1012 and 1014 Southard Street as they appeared when photographed in 1965 with new photos taken this week.

1012 Southard Street was built in 1899

1012 Southard Street - December 2011

1014 Southard Street built in 1895 - 1012 Southard St is adjacent to right

The same location in December 2011

The listing broker at Preferred Properties, that is where I work but this is not my listing, describes the property this way:

"Renovation project in a most sought after location in historic old town! This charming property features a 3/2 home that could be a show place plus a move in ready 1/1 guest cottage. Both houses open to the covered lanai and spacious, sunny decked pool area. The large lot features off-street parking. This is a great opportunity!"

Doors from the living room open out to the covered veranda

The main house at 1012 Southard Street was built in 1899. The home was renovated sometime after 1981 and has remained pretty much unchanged since then. The renovations of that era now seem a bit dated, but the house is perfectly livable as is. The house currently has three bedrooms, two baths, a small sleeping loft which would be great for the grand kids. The kitchen and the wonderful covered veranda overlook the large and inviting pool. The adjacent guest cottage with a mini kitchen and bath was added was built a few years ago.

Guest Cottage Exterior

Guest Cottage Interior

Main home living room

Main home kitchen

The Property Appraiser's records show the house has 1676 sq ft of living space situated on a 5,000 sq ft lot (50' x `100') on one of the very best blocks in Old Town Key West. I have included photos of the cottage and the pool area. I always tell potential buyers to use their imaginations and plan to reconfigure existing spaces inside the big empty box that are the initial start of any renovation project. Existing interior walls, cabinets, and fixtures are often moved, sometimes replaced, and typically improve what was in the property for years. CLICK HERE to view the Key West mls datasheet on this property.

I held an open house at this property a couple of years ago. I remember a lady from Miami with a large family studied every aspect of the property. She then told me that if she bought the property she would paint the interiors but would then live with the house the way it is for several months. She said she could then figure out how what really needed to be renovated. I think that makes sense with a lot of houses, but it makes a huge amount of sense with this property. We have become so accustomed to granite, marble, and stainless steel that we often miss the simple elements of good design that make some spaces so very comfortable and inviting.

The Gingerbread Man house is located at 1020 Southard Street

1022 Southard Street has been totally dolled up for Christmas

Notice 1022 has the same basic design and roof line as 1012 Southard St

Jan George Design is located at the corner of Southard & Frances Sts.

Cafe Sole is on the opposite corner

1013 Southard St is directly across the street

1015 Southard Street - one of the great homes of Key West

Every time I have shown 1012 Southard Street I have tried to get buyers to sit down and take in the pure beauty of the pool and garden area. The house next door at 1014 Southard Street was the cover feature in Architectural Digest a few years back and it shares the same excellent location. I also walk potential buyers down Southard Street to see similar one story houses like 1016 and 1020 Southard Street that have undergone some magical transformations of their own.

Now that 1012 Southard Street is priced at just $699,000, someone will snap up this short sale in a snap. The real estate maximum "location, location, location" was never more true than it is with 1012 Southard Street in Old Town Key West.

Time waits for no one. Act quick before this Key West short sale is snapped up by someone else. Please contact me, Gary Thomas, 305-766-2642 and let me you buy your place in Paradise. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.

1012 Southard Street - Premier Old Town Location - Key West

1012 Southard Street - Old Town - Key West

Preferred Properties Coastal Realty, Inc. (that's where I work) is the listing broker for 1012 Southard Street in Old Town Key West.

We all know the Golden Rule of Real Estate: "Location, Location, Location". The home at 1012 Southard Street has a premier location. This particular block has several architecturally or historically significant homes. The house next door at 1020 Southard CLICK HERE for example was the feature home in an Architectural Digest in 2003. Just about everybody recognizes the Gingerbread Man House CLICK HERE house two doors to the east. The simple yet majestic home across the street CLICK HERE dominates the smaller somewhat smaller houses on the rest of the block. If you haven't been to Key West for a year or so you will see that the Haitian Art Gallery has been replaced by Jan George Interior Design but you will be glad to see that Cafe Sole is still where it belongs. Five Brothers Grocery and Sandwich Shop is a block to the west. And the rest of Key West is at your footsteps.

The listing Broker describes 1012 Southard Street this way:

"Super value in a most sought after location in historic old town! This charming property features a 3/2 home that could be a show place w/some updating/renovation plus a move in ready 1/1 guest cottage. Both houses open to the covered lanai and spacious, sunny decked pool area. The large lot features off-street parking. This is a great opportunity!"

Guest Cottage is to the left

Guest Cottage

According to the Monroe County Property Appraiser the house at 1012 Southard Street was built circa 1899. The house has been expanded and updated over the years. There is a really cute guest cottage at the rear that adds to the total square footage of the property. The 1932 sq ft home and cottage have a total of four bedrooms and three baths and sit on a large 50' x 100' lot. (That is a really big lot for Old Town!) There is ample off street parking for two cars.

Look at the photo immediately below that appeared in the 2003 Architectural Digest cover story about the house next door. These two adjacent properties share part of the canopies of the great trees that adorn both of the backyards. I think a clever designer could transform 1012 Southard Street into a similarly secluded but inviting retreat. If you look closely at that photo you won't see gobs of cash having been spent. Instead, you will see simple architectural lines and natural materials that create a living space that blend harmoniously with the incredible backyard space. Don't underestimate the power of simplicity. I think the house and grounds at 1012 Southard Street could be tweaked to create a similar ambiance.

Pool and cottage of adjacent property featured in 2003 Architectural Digest

1012 Southard Street is now offered at just $849,000 or $439 per sq ft. CLICK HERE to view the Key West mls datasheet and to view listing photos.

If you are looking for a single family house in Old Town with a legal separate cottage, off street parking, and a pool for under a million dollars, you really need to see 1012 Southard Street. Please contact me, Gary Thomas, 305-766-2642 or by email at kw1101v@aol.com to arrange a showing. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

1012 Southard Street - Premier Old Town Location - Key West

1012 Southard Street - Old Town - Key West

Preferred Properties Coastal Realty, Inc. (that's where I work) is the listing broker for 1012 Southard Street in Old Town Key West.

We all know the Golden Rule of Real Estate: "Location, Location, Location". The home at 1012 Southard Street has a premier location. This particular block has several architecturally or historically significant homes. The house next door CLICK HERE for example was the feature home in an Architectural Digest issue a few years back. And just about everybody recognizes the Gingerbread Man House CLICK HERE house two doors to the east. The simple yet majestic home across the street CLICK HERE dominates the smaller somewhat smaller houses on the rest of the block. If you haven't been to Key West for a year or so you will see that the Haitian Art Gallery has been replaced by Jan George Interior Design but you will be glad to see that Cafe Sole is still where it belongs. Five Brothers Grocery and Sandwich Shop is a block to the west. And the rest of Key West is at your footsteps.

The listing Broker describes 1012 Southard Street this way:

"Super value in a most sought after location in historic old town! This charming property features a 3/2 home that could be a show place w/some updating/renovation plus a move in ready 1/1 guest cottage. Both houses open to the covered lanai and spacious, sunny decked pool area. The large lot features off-street parking. This is a great opportunity!"

Guest Cottage is to the left

Guest Cottage

The house at 1012 Southard Street was built circa 1899 according to the Monroe County Property Appraiser. The house has been added onto and updated over the years. There is a guest cottage at the rear that adds to the total square footage of the property. The 1932 sq ft home and cottage have a total of four bedrooms and three baths and sit on a large 50' x 100' lot. (That is a really big lot for Old Town!) There is ample off street parking.

CLICK HERE to view the Key West mls datasheet and to view more listing photos.

1012 Southard Street is offered at $895,000 or $463 per sq ft. This house and its charming guest cottage are worth looking at. I hosted an open house here last November and many of those that looked said they had no idea how large the property was nor how big the pool is. You simply cannot appreciate what is behind a facade. You really must see the property to appreciate what it is and what it could become.

If you would like to see 1012 Southard Street or any other home in Key West, please call me, Gary Thomas, 305.766.2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Our office is the Lower Florida Keys exclusive affiliate of Christie's Great Estates.

Open House - Sunday - Key West

Preferred Properties Coastal Realty, Inc. is hosting an Open House at six homes this Sunday. Five of the homes are in the Old Town Key West area and the sixth is on Sugarloaf Key.

1012 Southard Street CLICK HERE is located on one the best best blocks in Old town. Several other homes on this particular block have sold for multi-million dollar prices. This home has a beautiful pool, a complete guest cottage, off-street parking, and a price ($895,000) that makes it affordable. Stop by and meet me, Gary Thomas.


4 Lowe Lane CLICK HERE is an ultra charming 3 bedroom with pool, off street parking, and a second floor private deck off the master bedroom suite offered at $995,000. Mabry Binnicker will by your host.


1006 Fleming Street CLICK HERE is one of the most beautiful homes in all of Old Town. Even in if you cannot quite afford the $2,999,999 price tag, you should stop by and take a look at this incredible home. Cory Held will be your host.


905 Elizabeth Street CLICK HERE is located just north of Truman near Olivia Street. This home has an incredible rear yard with outdoor kitchen, off-street parking, and charm that oozes from every room. The price has just been reduced to $1,395,000. Everett Watkins will host this home.


316 Peacon Lane CLICK HERE is one heck of a bargain that is priced at only $999,000. Beth Eliot will host this home that has 3 bedrooms, 3 1/2 baths, a pool, off-street parking, and a very quiet lane location.


17161 Starfish Lane CLICK HERE is located up on Sugarloaf Key (Mile Marker 17). This is one big house with 3944 sq ft of living space located directly on the water. Venture up the Keys to meet Korky Irick who will be your host.

1012 Southard Street - Old Town Premier Location - Key West

1012 Southard Street - Old Town - Key West - Short Sale

I have previously written about 1012 Southard Street extolling the many reasons why I think this property is a great buy. Now there is an additional reason: the asking price has been reduced to just $699,000 and the property is now offered as a short sale. The three bedroom and three bath home has the makings of true wish fulfillment for those who are willing to do a little work in exchange for getting a lot in return.

Just below you will see photos of 1012 and 1014 Southard Street as they appeared when photographed in 1965 with new photos taken this week.

1012 Southard Street was built in 1899

1012 Southard Street - December 2011

1014 Southard Street built in 1895 - 1012 Southard St is adjacent to right

The same location in December 2011

The listing broker at Preferred Properties, that is where I work but this is not my listing, describes the property this way:

"Renovation project in a most sought after location in historic old town! This charming property features a 3/2 home that could be a show place plus a move in ready 1/1 guest cottage. Both houses open to the covered lanai and spacious, sunny decked pool area. The large lot features off-street parking. This is a great opportunity!"

Doors from the living room open out to the covered veranda

The main house at 1012 Southard Street was built in 1899. The home was renovated sometime after 1981 and has remained pretty much unchanged since then. The renovations of that era now seem a bit dated, but the house is perfectly livable as is. The house currently has three bedrooms, two baths, a small sleeping loft which would be great for the grand kids. The kitchen and the wonderful covered veranda overlook the large and inviting pool. The adjacent guest cottage with a mini kitchen and bath was added was built a few years ago.

Guest Cottage Exterior

Guest Cottage Interior

Main home living room

Main home kitchen

The Property Appraiser's records show the house has 1676 sq ft of living space situated on a 5,000 sq ft lot (50' x `100') on one of the very best blocks in Old Town Key West. I have included photos of the cottage and the pool area. I always tell potential buyers to use their imaginations and plan to reconfigure existing spaces inside the big empty box that are the initial start of any renovation project. Existing interior walls, cabinets, and fixtures are often moved, sometimes replaced, and typically improve what was in the property for years. CLICK HERE to view the Key West mls datasheet on this property.

I held an open house at this property a couple of years ago. I remember a lady from Miami with a large family studied every aspect of the property. She then told me that if she bought the property she would paint the interiors but would then live with the house the way it is for several months. She said she could then figure out how what really needed to be renovated. I think that makes sense with a lot of houses, but it makes a huge amount of sense with this property. We have become so accustomed to granite, marble, and stainless steel that we often miss the simple elements of good design that make some spaces so very comfortable and inviting.

The Gingerbread Man house is located at 1020 Southard Street

1022 Southard Street has been totally dolled up for Christmas

Notice 1022 has the same basic design and roof line as 1012 Southard St

Jan George Design is located at the corner of Southard & Frances Sts.

Cafe Sole is on the opposite corner

1013 Southard St is directly across the street

1015 Southard Street - one of the great homes of Key West

Every time I have shown 1012 Southard Street I have tried to get buyers to sit down and take in the pure beauty of the pool and garden area. The house next door at 1014 Southard Street was the cover feature in Architectural Digest a few years back and it shares the same excellent location. I also walk potential buyers down Southard Street to see similar one story houses like 1016 and 1020 Southard Street that have undergone some magical transformations of their own.

Now that 1012 Southard Street is priced at just $699,000, someone will snap up this short sale in a snap. The real estate maximum "location, location, location" was never more true than it is with 1012 Southard Street in Old Town Key West.

Time waits for no one. Act quick before this Key West short sale is snapped up by someone else. Please contact me, Gary Thomas, 305-766-2642 and let me you buy your place in Paradise. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.