527 Margaret Street, Key West - New Lower Price!

This is not a Hah! Hah! moment for the Sellers, who I have met and really like, but it is a buying opportunity for a Buyer who wants to buy a quality home at a really great price.  I wrote about 527 Margaret Street, Key West soon after it was listed for sale. I really thought it would sell in a matter of days because it has almost every feature most buyers are looking for in Old Town except a third bedroom or parking. Let me share with you what it does have and why I think this property is such a great value. 

First, the listing Realtor's description:

"Stunning and Stylish Renovation in this Historic Home, Ideally Located on 500 block of Margaret St, walking distance to so many attractions, Restaurants and Galleries. Remodeled in 2015, the home underwent a complete Foundation to Roof Renovation and received the Historic Florida Keys Preservation Award in 2016. Features include Soaring Exposed Beam Ceilings, White Oak Wood Floors, Top End Appliances, A wall of glass leading to pool and Deck. Beautifully finished bedrooms and baths, with 2 bedrooms and additional loft. Being Sold Turn Key!"

I wrote about this property years ago when it was a multi-family house with numerous gawd-awful additions. Later I wrote about it while under renovation in my Projects of Key West continuum.  Then I wrote about the house when it was completed. Now it is available for re-sale. The original house was taken to the ground and totally rebuilt save enough boards to fit within a thin definition of a renovation. The end result is a beautiful home located in a great Old Town location near all the places primary and second home owners seek. It is located just four blocks from world famous Duval Street and only four blocks to the Historic Seaport. One of Key West's finest steak houses in located across the street and dozens of small joints and fine dining restaurants are within easy walking distance. While what you see from the street is picture perfect, it's the interior that will really grab your attention. As you look more closely, you'll appreciate the quality new construction and the cost saving benefits owning a home like this offers tear after year.

When you look at the house from the street you would probably expect the interiors to be compact and tight because the house simply looks like a quaint one story home with a cute little front porch. But you would be wrong. Very wrong. Oh, it is just a one story house, but once you open the door and pass through the formal entry hall you'll see a wall of glass which soars to the vaulted ceiling immediately refuting any pre-conceptions about this home being small.

The first thing I saw was the canopy of the old banyan tree at the rear. The blue sky seemed to blend with the subtle and not-so-subtle blue tones interspersed throughout the house.  The wood ceiling and white washed wood floors add a natural color perspective to this living space. There is a guest bath located off the center hall adjacent to the adult beverage center with color co-ordinated booze. The laundry area is opposite. Dale Trice designed the interiors and created the media and display wall with storage below. Giant shells and white objets d'art fill that space and throughout the house. The setting is like something out of Coastal Living Magazine or Architectural Digest. Maybe it should be!

The master and guest bedroom (with loft) are located at the front of the house. Both have en-suite baths.The master suite is stunning-almost regal. The guest bedroom is quite understated by comparison. The loft space will be a favorite of the grand kids. I don't know if kids still play "fort" like I did when I was a child. This space would make a perfect fort, of that I am sure. 

CLICK HERE to view the Key West MLS datasheet and listing photos.  527 Margaret Street is offered turn key at $1,499,000. Please call me, Gary Thomas, 305-766-2642, to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

527 Margaret Street, Key West - Just Listed in Old Town

Just Listed, 527 Margaret Street, Key West. The listing agent describes this beautiful Old Town property this way: 

"Stunning and Stylish Renovation in this Historic Home, Ideally Located on 500 block of Margaret St, walking distance to so many attractions, Restaurants and Galleries. Remodeled in 2015, the home underwent a complete Foundation to Roof Renovation and received the Historic Florida Keys Preservation Award in 2016. Features include Soaring Exposed Beam Ceilings, White Oak Wood Floors, Top End Appliances, A wall of glass leading to pool and Deck. Beautifully finished bedrooms and baths, with 2 bedrooms and additional loft. Being Sold Turn Key!"

I have written a couple of earlier blogs about this property when it was a hodgepodge of additions and used as multi-family home. I wrote about it while under renovation in my Projects of Key West continuum.  Later I wrote about the house when it was completed. Now it is for sale. The original house was taken to the ground and totally rebuilt save enough boards to fit within a thin definition of a renovation. The end result is a beautiful home located in a great Old Town location near all the places primary and second home owners seek. It is located just four blocks from world famous Duval Street and only four blocks to the Historic Seaport. One of Key West's finest steak houses in located across the street and dozens of small joints and fine dining restaurants are within easy walking distance. While what you see from the street is picture perfect, it's the interior that will really grab your attention. As you look more closely, you'll appreciate the quality new construction and the cost saving benefits of owning a home like this.

When you look at the house from the street you would probably expect the interiors to be compact and tight because the house simply looks like a quaint one story home with a cute little front porch. But you would be wrong. Very wrong. Oh, it is just a one story house, but once you open the door and pass through the formal entry hall you'll see a wall of glass which soars to the vaulted ceiling immediately refuting any pre-conceptions about this home being small.

The first thing I saw was the canopy of the old banyan tree at the rear. The blue sky seemed to blend with the subtle and not-so-subtle blue tones interspersed throughout the house.  The wood ceiling and white washed wood floors add a natural color perspective to this living space. There is a guest bath located off the center hall adjacent to the adult beverage center with color co-ordinated booze. The laundry area is opposite. Dale Trice designed the interiors and created the media and display wall with storage below. Giant shells and white objets d'art fill that space and throughout the house. The setting is like something out of Coastal Living Magazine or Architectural Digest. Maybe it should be!

The master and guest bedroom (with loft) are located at the front of the house. Both have en-suite baths.The master suite is stunning-almost regal. The guest bedroom is quite understated by comparison. The loft space will be a favorite of the grand kids. I don't know if kids still play "fort" like I did when I was a child. This space would make a perfect fort, of that I am sure. 

CLICK HERE to view the Key West MLS datasheet and listing photos.  527 Margaret Street is offered turn key at $1,549,000. Please call me, Gary Thomas, 305-766-2642, to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

527 Margaret Street, Key West - Stunning New Renovation in Old Town

Just Listed, 527 Margaret Street, Key West. The listing agent describes this beautiful Old Town property this way: 

"Stunning and Stylish Renovation in this Historic Home, Ideally Located on 500 block of Margaret St, walking distance to so many attractions, Restaurants and Galleries. Remodeled in 2015, the home underwent a complete Foundation to Roof Renovation and received the Historic Florida Keys Preservation Award in 2016. Features include Soaring Exposed Beam Ceilings, White Oak Wood Floors, Top End Appliances, A wall of glass leading to pool and Deck. Beautifully finished bedrooms and baths, with 2 bedrooms and additional loft. Being Sold Turn Key!"

I have written a couple of earlier blogs about this property when it was a hodgepodge of additions and used as multi-family home. I wrote about it while under renovation in my Projects of Key West continuum.  Later I wrote about the house when it was completed. Now it is for sale. The original house was taken to the ground and totally rebuilt save enough boards to fit within a thin definition of a renovation. The end result is a beautiful home located in a great Old Town location near all the places primary and second home owners seek. It is located just four blocks from world famous Duval Street and only four blocks to the Historic Seaport. One of Key West's finest steak houses in located across the street and dozens of small joints and fine dining restaurants are within easy walking distance. While what you see from the street is picture perfect, it's the interior that will really grab your attention. As you look more closely, you'll appreciate the quality new construction and the cost saving benefits of owning a home like this.

When you look at the house from the street you would probably expect the interiors to be compact and tight because the house simply looks like a quaint one story home with a cute little front porch. But you would be wrong. Very wrong. Oh, it is just a one story house, but once you open the door and pass through the formal entry hall you'll see a wall of glass which soars to the vaulted ceiling immediately refuting any pre-conceptions about this home being small.

The first thing I saw was the canopy of the old banyan tree at the rear. The blue sky seemed to blend with the subtle and not-so-subtle blue tones interspersed throughout the house.  The wood ceiling and white washed wood floors add a natural color perspective to this living space. There is a guest bath located off the center hall adjacent to the adult beverage center with color co-ordinated booze. The laundry area is opposite. Dale Trice designed the interiors and created the media and display wall with storage below. Giant shells and white objets d'art fill that space and throughout the house. The setting is like something out of Coastal Living Magazine or Architectural Digest. Maybe it should be!

The master and guest bedroom (with loft) are located at the front of the house. Both have en-suite baths.The master suite is stunning-almost regal. The guest bedroom is quite understated by comparison. The loft space will be a favorite of the grand kids. I don't know if kids still play "fort" like I did when I was a child. This space would make a perfect fort, of that I am sure. 

CLICK HERE to view the Key West MLS datasheet and listing photos.  527 Margaret Street is offered turn key at $1,549,000. Please call me, Gary Thomas, 305-766-2642, to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

527 Margaret Street - Key West - An Old House Made New

The paint is barely dry in the newly rebuilt home at 527 Margaret Street in Old Town Key West. I got a chance to meet the new owners, Kirk Thompson and Brett Burch, this past week. The owners explained to me that they were visiting Key West in January when the passed by the house which was then still under construction. The builders (Paul Misch and his son-n-law John Tutlewski) invited Brett and Kirk inside to see what was being done. They liked what they saw so much that they signed a contract to buy the place before it was complete. That gave them time to enlist their friend and decorator  Dale Trice of Design Services of Florida to add special touches that would make this their Key West dream home. It worked!

If you are a long time reader of my blog you may recall seeing 527 Margaret Street mentioned here on a couple of occasions when it was previously listed for sale. A prior owner had created three living units in what was supposed to be a single family home. The house had a warren of rooms and elevations that defied logic. Earlier this year I included this house as being one of the current "Projects of Key West" where I included a couple of photos of the original house as photographed in 1965, mls photos when offered for sale, and more recent photos showing the demolition of most of the original house and framing of the new abode. 

The dark framing timbers at the front and sides are all that remain of the original house.

The front facade has traditional wood lap siding and period correct windows. The sides and rear have Hardiboard siding and wind impact resistant windows and doors.

The front door opens into a center hallway that leads past the two bedrooms with en-suite baths into the great room at the rear. I could not help but stop to take a look at each bedroom and bath before I made my way to the living area. The interior trim work was impeccable. The white gloss trim contrasted against the almost pastel blue in the north bedroom and it popped in the master bedroom with its navy blue walls.

The north bedroom has a sleeping loft (not visible in these photos). The bathroom mirror is framed by dozens of shells. Shells are a recurring decorative theme used throughout this home.

There is a guest bath located off the center hall adjacent to the adult beverage center with color co-ordinated booze. The laundry area is opposite. It was the great room at the rear that totally surprised me. When I saw the house from the street I assumed it was a bit smallish and unpretentious. The great room has a wall of windows that soars to the top of the vaulted ceiling. The first thing I saw was the canopy of the old banyan tree at the rear. The blue sky seemed to mesh with the subtle and not-so-subtle blue tones interspersed in this space.  The wood ceiling and white washed wood floors add a natural color perspective to this living space.

Dale Trice designed the media and display wall with storage below. Giant shells and white objets d'art fill that space and are interspersed throughout the room. The setting is like something out of Coastal Living Magazine or Architectural Digest. Maybe it should be! CLICK HERE to see more photos of the original house and the newly rebuilt house.

 I took the photo immediately above last October as the tree trimmer was removing part of the old growth from the banyan tree that dominated the back yard at 527 Margaret Street. That was the beginning of the rebuilding process. The old banyan tree still reigns over the north side of the property at the rear, but there is now a navy blue pool at the south side. The old house has been made new. The natural earth tones, shades of blue, and crisp white blend together in harmony. The bougainvillaea at the front still reigns supreme and provides a nice cover for sitting behind to people watch. This is truly a home worth seeing.  Well done Kirk, Brett, Dale, Paul, and John.