1211 Margaret Street - Key West Home For Sale

If you want to find a new permanent home in Key West or if you are looking for a special getaway retreat that has all the bells and whistles, the totally renovated home at 1211 Margaret Street may be the place you have been searching to find. The original home has been updated and expanded to 2100 sq ft of quality living space located on two floors (plus the detached pool house). The property as a whole has four bedrooms and three and one-half baths. The asking price is $1,099,000. 

The listing Realtor describes the home thus:

"Seductive renovation of a classic historic 4 bedroom single family home. Highest quality materials were used in transforming this home to a bright, cheerful and spacious residence. High ceilings, marble countertops, stainless steel appliances and luxurious chef's kitchen. Open floor plan with 2 bedrooms downstairs and large master suite upstairs and an adorable 1/1 guest cottage. Recently painted in bright tropical colors this home evokes happiness and warmth when you enter. Elegant wood floors, crown molding and contemporary bathrooms. Spacious outside deck of Ipe wood with lush tropical landscape and swimming pool. Coveted off-street parking for 2 cars. Located in a quiet, hidden Old Town neighborhood. A Renovated Old Town Treasure."

This home is cleverly laid out such that two of the bedrooms which are located on the first floor just don't seem to appear to bedrooms. The open kitchen is quite inviting. Here the chef will be a part of the action as there is no place to hide. There is, however, plenty of cabinetry and counter-tops. A breakfast bar will be a great gathering spot for family and friends. There is also a formal dining area when the need arises. The stairway to the second floor master suite is located at the rear of the new addition opposite the dining area which opens out to the pool and deck area.

The master bedroom is extra large as compared to many Old Town homes. The bedroom has nice sitting area and a second floor deck that looks down to the pool below.

The nice thing about having a guest cottage like the one shown above is the fact that your guests can have lots of privacy. They'll probably never want to leave! :)

1211 Margaret Street is located just four blocks from such upper Duval spots such as LaTeDa, Banana Cafe, Gingerbread Square Gallery, and the Key West Butterfly and Nature Conservatory.  South Beach is a couple of blocks further south. I think this home could effectively  function as a vacation rental.  

CLICK HERE to view the Key West mls datasheet and listing photos. Better than that, please call me, Gary Thomas, 305-766-2642 to schedule a showing of this super clean and quite lovely home. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. 

Great Expectations - Great Frustrations - Short Sale - Old Town - Key West

1211 Margaret Street - Key West

Just listed, but not by me, 1211 Margaret Street in Old Town Key West.

The Monroe County Property Appraiser's website says the house at 1211 Margaret Street was built in 1938. That was in the Depression and just before the outbreak of World War II. I question the construction date, but who am I to question the government. See the photo below which shows what the house looked like in 1965.

1211 Margaret Street Key West as it appeared in 1965

The property was dramatically enlarged and thoroughly renovated after 2005 both on the inside and outside with the addition of a pool and pool house. In mid 2006 the newly renovated property was put on the market at the asking price of $2,699,000 or $1173 per sq ft. It did not sell. It was put back on the market in January 2007 at $2,295,000 and later reduced to $1,995,000. It did not sell. Now it is offered as a short sale at the asking price of $749,000 or $357 per sq ft. There must have been great expectations. There surely were great frustrations. Now this is a buying opportunity.

The listing Realtor describes this house this way:

"Beautifully renovated home in Old Town Key West. Enter into the large dining room and kitchen area. With high ceilings and open feel, this home is great for entertaining. Two bedrooms with extra storage and one and one half baths downstairs. Large master suite upstairs includes dual vanities, large glass shower and clawfoot tub, a walk in closet and private balcony. Bright living room downstairs leads out to the large deck, lush pool area and guest cottage also with a full bath. Located in the X500 zone and off street parking for two, this Old Town home is a must see!! This is a potential short sale transaction subject to lender approval."

1211 Margaret Street is a 2100 sq ft house that sits on a 4547 sq ft lot (46' x 107'). You may recognize the location because of its famous nearby neighbor: El Siboney Restaurant. The house has 4 bedrooms, 3 1/2 baths, large pool and that pool house. The location is within easy walking distance to the restaurants and attractions on upper Duval Street. The Atlantic Ocean is just as easy a bike ride-maybe five minutes. There are several nearby gyms and yoga studios, neighborhood eateries, and specialty stores on Truman and White streets.

If you are looking for a large home in Old Town Key West and would like to see 1211 Margaret Street, please contact me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.