709 Bakers Lane Key West Open House

I am hosting an Open House at 709 Bakers Lane in Old Town Key West on Sunday, May 25th from 11:30 AM until 2:00 PM. I've written about this property several times. It has to be one of the best deals in Key West.

The perfect island getaway beautifully located atop Solares Hill on a quiet lane is this completely renovated walled estate. The main house has Brazilian cherry floors and 16' cathedral ceilings. The new gourmet kitchen has a SubZero refrigerator, Viking wine chiller, Jenn Aire range and microwave ovens, 2 Bosch dishwashers, granite counter tops and cherry/cream glazed cabinets. The family/media room has 2 walls of glass overlooking the 26' black pool w/waterfall and 'cave' spa! There are 5 porches, rooftop sundeck and bricked courtyard with fountain. Joined by a covered walkway is a 2bd/2ba guest house with kitchen & a 1bd/1ba pool house. This magic propety has been reduced from the original asking price of $1,995,000 to $1,400,000 or $609 per sq ft.

This property at 709 Bakers Lane is just two blocks from Duval on Solares Hill--the highest point in Key West. The compound is actually two homes plus a guest cottage that is hidden away just off Elizabeth Street.

Each building was thoughtfully renovated to provide separate living spaces for the owner and family or friends. The great room in the main house features two chandeliers from a historic Chicago theatre. The kitchen has all the bells and whistles one would expect. The second floor is devoted to the master bedroom and bath plus a second floor terrace overlooking the pool below.

The guest house features a living area, kitchen, and two bedrooms and two bathrooms. James Leo Herlihy wrote Midnight Cowboy in this house.The home is not for everyone because the main house has only the master suite for sleeping. But an individual or couple with no small children might find the guest house and pool house just the ticket.There are two ROGO units on this property meaning that the owner could legally rent one or both homes as vacation rentals. (Lots of rules--not discussed here.)

CLICK HERE for more info and photos. Remember to come see the best buy in Old Town on Sunday, or call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.

BIG Short Sale - 709 Bakers Lane

One of my favorite properties just became a real bargain. No hyperbole. Like Joe Friday (Jack Webb) used to say "Just the facts!"

709 Bakers Lane sits on Solares Hill at just about the highest point on the Island of Key West. It was renovated to sell at $2.8 million. The owners missed the 2005 selling season and then the downturn occurred in the real estate market. The sellers then made periodic price reductions. We put a deal together a few months back but the buyer was unable to complete the transaction.

So today the property is offered at $1.4 million on a short sale basis which means that the lender will have to approve the sale price since the asking price is less than the amount owed to the lender. The loss for the seller is substantial. The opportunity for you as a potential buyer is very substantial. This is a deal at this price. This place is really sweet. The gardens and pool area are enchanting. There is enough space for you and your family and friends (you'll have lots of friends when they see these new digs!!!) to have separate living areas and very accommodating common areas. CLICK HERE for more info and more pictures.

And your private little island within the Island of Key West is only two blocks from Duval Street and short walk to the Historic Seaport.

CLICK HERE to see 6 other houses in Old Town with 3 or more bedrooms that are comparably priced (actually, all are priced higher by more than $75,000). You will quickly see and truly appreciate why I call this house at this new price a Bargain.

Call Gary Thomas immediately to write an offer on this property. 305-766-2642 or e-mail me at kw1101v@aol.com.

709 Bakers Lane Open House Easter Sunday

OPEN HOUSE

EASTER SUNDAY

11:30 - 2:00


709 Bakers Lane The perfect island getaway beautifully located atop Solares Hill on a quiet lane off Elizabeth St. is this completely renovated walled estate. The main house has Brazilian cherry floors, wood wainscoting and 16' cathedral ceilings. The new gourmet kitchen has SubZero refrigerator, Viking wine chiller, Jenn Aire range and microwave ovens, 2 Bosch dishwashers, granite counter tops and handsome cherry/cream glazed cabinets. The family/media room has 2 walls of glass overlooking the 26' black pool w/waterfall and 'cave' spa! There are 5 porches, rooftop sundeck and bricked courtyard with fountain. Joined by a covered walkway is a 2bd/2ba guest house with kitchen & living space and a 1bd/1ba pool house with laundry.

CLICK HERE for more photos and details about the house. Better yet, come see me today between 11:30 AM to 2:00 PM.

709 Bakers Lane Old Town Key West, Fl

Two of my friends from my former office are multi-million dollar real estate agents year after year. During their time off from their busy real estate practice, they renovate homes for fun and profit. They design each property for a discerning buyer and oversee all of the construction to make sure the work is done to their standards. The home at 709 Bakers Lane was their crown jewel in Key West.

This property at 709 Bakers Lane is just two blocks from Duval on Solares Hill--the highest point in Key West. The compound is actually two homes plus a guest cottage that is hidden away on the one block long Bakers Lane in the mid 600 block of Elizabeth Street.

Each building was thoughtfully renovated to provide separate living spaces for the owner and family or friends. The great room in the main house has a vaulted ceiling that features two chandeliers from a historic Chicago theatre. The adjoining kitchen has all the bells and whistles one would expect. The second floor is devoted to the master bedroom and bath plus a second floor terrace overlooking the pool below.

The guest house features a living area, kitchen, and two bedrooms and two bathrooms. James Leo Herlihy wrote Midnight Cowboy in the guest house. On the other side of the pool you will find another guest cottage with two sets of French doors that overlook the pool and garden. It has a butler's kitchen, huge bath, and laundry room.

The new pool and swim under waterfall are truly inviting. The balance of the courtyard is paved with Chicago brick and handsomely landscaped.

The house was originally designed and built to sell for $2.8 million. The real estate market took a nose dive and the owners decided to leave Key West for a variety of reasons. The home is now priced at a very reasonable price. The home is not for everyone because the main house has only the master suite for sleeping. But an individual or couple with no small children might find the two separate guest houses just the ticket. The house is priced to sell at $1,749,000 or $760 per sq ft.

There are two ROGO units on this property meaning that the owner could legally rent one or both homes as vacation rentals. (Lots of rules--not discussed here.)

I truly believe that now is the time to buy quality properties in Key West like this jewel, because most are under priced and way undervalued. When the real estate market makes its next correction, this property will not be affordable by many who can afford it now. The spike in value will be appreciable.

I would love to show this property to you. CLICK HERE for more info and pics on this property. And then call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com. We need 24 hours advance notice to show. Thanks.