524 White Street - Old Town - Short Sale - Key West

I wrote about 524 White Street a couple of months ago. It is a Short Sale. It is located in Old Town on a somewhat busy street and it is located across the street from Navy housing. The street does get busy during the daytime but it is pretty quiet after sunset-just like most of the rest of Old Town Key West.

524 White Street (CLICK HERE to see the mls info and listing realtor photos)is a modified two story with dormers. It is offered as a short sale at the new asking price of $499,000 or $295 per sq. ft. for this 1690 sq ft home that sits on a good sized 2997 sq. ft. lot. The downstairs has been remodeled and it is just great. There is a semi-formal entry that looks into the living room and then the dining area followed by the delightful kitchen at the rear. This kitchen is a killer! CLICK HERE to view lots of photos I took.

There is a guest room or third bedroom on the main floor as well as a fully remodeled bath. Upstairs there are two very large bedrooms that share a large bathroom. The second floor landing is quite large as well. The entire second floor has a very open feeling about it. Nothing claustrophobic like so many older homes.

Outside there is a "pool". Ha! It could be made bigger. But for the asking price, it is still a pool and it is surrounded by a nice deck. It does get real sunshine unlike a lot of Old Town properties. And then there is the bricked off-street parking space as well. This property is rented. The tenant requires at least 24 hour advance notice to view the property.

If you are looking for a livable house with two or three bedrooms, a pool, and parking in Old Town, please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in sunny Key West, Florida.

524 White Street - Old Town - Key West - Short Sale

I have not been inside 524 White Street since it was just listed as a short sale. I disclose this because 524 White Street was previously listed by Preferred Properties in January 2007 at the asking price of $1,150,000. CLICK HERE to view that mls listing info and photos of the "then" condition. The 2007 listing described 524 White Street this way:
"This is a comfortable Historic house with large, bright rooms, crown molding, 9' ceilings and Dade pine floors. The kitchen features glass faced cabinets, stainless appliances including 2 wine coolers, porcelain farm sink and a gorgeous subway tile backsplash. The downstairs bedroom is currently set up as a library and offers a wall of built-in Poplar wood cabinets with hookups for computer and television. Beautiful French doors lead from this room to the back deck with a very deep heated cistern pool. The downstairs bath has Brazilian slate tiled floors and shower. Up the original wood staircase are 2 bedrooms and a full bath with clawfoot tub. Offering 2 zone central air and offstreet parking...this is a wonderful house."


Two and one-half years later things on the inside and the outside could look differently.

The current listing Realtor describes this property this way: "This is a potential short sale. Beautiful home, remodeled, large space with small pool. Off street parking, too!" CLICK HERE for more current listing information and current photos.
I drove by the house Friday afternoon to take a couple of exterior photos. The architecture is so attractive and somewhat a-typical as compared to many Old Town Key West homes. The landscaping in the front is a tiny bit overgrown and the house could use a new coat of paint. But those are the things new homeowners usually like to do on any house-no matter how "au courant" it is.

524 White Street is a short sale and it is offered at $525,000 or $311 per sq ft. I am a firm believer in comparison shopping so I created a list CLICK HERE of other homes in the Old Town, the Meadows, and the Casa Marina areas now offered at $525,000 or lower.

While you are doing the comparison shopping take a look at this house just around the corner down Curry Lane CLICK HERE. Curry Lane is private and cute and all the things I write about life on the slow lanes of Key West. But the houses' sizes and features are fairly similar. Except for the over $500,000 price difference. (I am not disparaging Curry Lane. I am saying that 524 White Street might be a buying opportunity for the right buyer.)

If you are interested in buying a nice sized home in Old Town with a pool and off street parking, 524 White Street might just meet your or exceed your expectations for the price. Please call me, Gary Thomas, 305-766-2642 to schedule a showing. This place is tenant occupied and requires a 24 hour notice to show. CLICK HERE to search the Key West mls on our Association of Realtors website. The info on the Association's website is in real time as opposed to other sites that may offer stale listing info or that may attach trackers to your computer.