1014 Vareal Street #1 - Bank Owned - Key West

If you are looking for an affordable Key West home in Old Town Key West, the just listed Bank Owned stand alone cottage at 1014 Varela Street #1 might be the place you have been looking for. The listing agent describes this 542 sq ft cottage this way:

"Great stand alone conch cottage, 1 bedroom and 1 and a half baths. This unit has its own front porch and a private fenced back yard."  

Bricked but not pretty - yet! Waiting for a New Owner

 The house is pretty simple. The single bedroom is located up front where you will find the master bath. There is a guest bath located in the hallway. The rear end of the cottage has a cathedral ceiling which adds huge volume to the space as a whole. The bright and cheerful kitchen is fully equipped. French doors open out to the bricked backyard where a new owner could create his or her own private paradise. The asking price on this Bank Owned property is just $229,900. CLICK HERE to view the Key West MLS datasheet on this property.

This unit is a stand alone cottage, but it is part of the Villa Vera Condominiums.  Monthly condo fees are $498 and include sewer, water, building insurance, and common area maintenance. The limited common area consists of a walkway that provides access to the other cottages that make up this small association. The bank owner may provide financing to a qualified buyer.

If you would like to see this property or any other property in Key West, please call me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

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