Very Affordable Key West Condo - Bank Owned

1010 Grinnell Street -Unit No. B $159,900 Bank Owned

The new Bank Owned condo listing at 1010 Grinnell Street Unit No. B is very affordable at just $159,900. The listing broker describes the place this way:

"Detached Condo That Feels Like A Single Family...Private Enclave Off Master Bedroom With Decking And And A Place For Your Green Thumb, Wood Floors, Your Own Washer/Dryer, Close To Downtown And Steps From The Pool."

I was a bit skeptical because the property is located so near the corner of Grinnell and Truman. Click GOOGLE MAP to checkout the area. (Use the toggle switch to get a street view.) The condos are located near a lot of commercial activity. When I entered the property, I was surprised how quiet it was and how nice the common area looked.

I think that the unit may actually be larger than 573 sq ft stated in the Key West mls listing CLICK HERE. An interested buyer needs to verify the size before making an offer. Be that as it may, the unit itself is a good sized two bedroom home with a large private rear deck off either of the two good sized bedrooms. The two negatives that I see with the unit are the shared kitchen and living areas and the placement of the washer and dryer in the hallway between the living area and the bedrooms. But for $159,900, that is no big deal.

Combination Kitchen and Living Room

Living room looks out to the pool

I looked at the outside of the building with a critical eye. The roof is new; there are new gutters; the siding is in good shape; the deck needs power washed but almost every deck in town needs power washed; the pool is decent sized; and the common area provides nice separation between the three buildings that make up this four unit condominium complex. It looks like one wall unit a/c has a leak. Leaks can normally be repaired or you buy a new a/c which is probably cheaper.

Private Deck need power washed

I think this unit is a bargain at the asking price. Contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com if you would like more information on this unit. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West. This unit is not for everyone. But it could definitely work for a local looking to purchase a nice clean home at an affordable price. Don't delay because this place will sell soon.

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Affordable Key West "Getaway" Condo

804 South Street - Key West

Your view while doing the dishes! Sure beats looking at snow or trailers!

I found the just perfect spot for the buyer that wants an inexpensive but nice Key West "Getaway". It is located near Duval Street and the beaches. It has an incredibly beautiful pool and off street parking. It is in really nice condition, has a new kitchen, private washer and dryer, front porch to watch the cavalcade of Key West loonies and a private second floor balcony where you could dine or suntan al fresco.

The al fresco rear second floor deck. Total privacy.

This is how the listing Realtor describes 804 South Street Unit #3:

"Rare second floor unit at desirable Southpark Condominiums with hard wood floors and whole house audio system. 1BR/1BA with a large deck off the bedroom with a retractable awning. There's a new kitchen with dishwasher, stainless refrigerator, Bosch washer and dryer, and a travertine tile floor. Southpark offers a large heated pool, storage, laundry facilities and assigned off street parking."

CLICK HERE to read the listing info details and view more photos. This 640 sq ft one bedroom unit is offered at $325,000 or $508 per sq ft. I have shown this place a couple of times and I think it is a really attractive place in a very good location. The Casa Marina Resort and Higg's Beach are a three minute walk. Duval Street and South Beach are maybe a five minute walk at most. (This unit is NOT a short sale nor is it bank owned. The seller has purchased a larger property and wants to sell this unit.)

The pool area is share by three buildings that each have four units. All the units are the same except for being first or second story units. This unit is on the second floor. The rear gardens are just plain beautiful. The walkways lead to the inviting pool near the east end of the property. There is a great sunning area to boot. A cottage at the very far end has individual storage lockers for each unit as well.

This unit would make a great full time residence for a single person or couple. And because the price is so affordable, it would make a great getaway. If you are looking for a good deal on a small place in Key West, please call me, Gary Thomas, 305-766-2642 or contact me by email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida. Our office is the exclusive Lower Florida Keys affiliate of Christie's Great Estates.

Bank Owned - Key West - Waterfront - Affordable

How about my title for today's blog "Bank Owned - Key West - Waterfront - Affordable"? Four things that entice many buyers to take a further look. They included bank owned - the owner is a local bank. Key West - just about every body's dream place to live. Waterfront - okay, the house is located on a Key Haven canal but it provides quick access to the big ocean. And, yes, it is affordable by Key West standards - priced at $599,000.

This bank owned property is located on Key Haven at 3 Aster Terrace. The house has four bedrooms, three baths, a big new kitchen, and lots of living space. The house is 2200 sq ft and sits on a large 6,000 sq ft lot. This is how the listing Realtor describes the property:

"Bank Owned! Large Key Haven home with 4 bedrooms and 3 bathrooms, with one bedroom and bath that could be used as a mother-in-law unit or lockout. Renovated in 2007, some of the upgrades include kitchen with stainless appliances and maple cabinetry, new plumbing, new electric, impact resistant windows, and recessed lighting. Excellent floor plan with living room, den, dining room, and Florida room. Key Haven is a waterfront community located just minutes away from Old Town Key West. Excellent boating access to Gulf and Atlantic waters."

The house was freshly painted when I showed it in was first listed in September. The electricity was turned on and the house has not sat festering away like so many properties owned by the big banks that are too big to fail and too big to care. CLICK HERE to read more details about this house and view some really good photos. This house shows well.

There is a cute little front yard complete with palm trees, picket fence, grass, and off street parking. The rear deck (canal side) needs a little landscaping, but that could be a great weekend project for the new homeowner. The house appeared to be in move-in condition. This property is priced at $599,000 or $265 per sq ft.

If you would like to see 3 Aster Terrace please contact me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida. It may be snowy and cold in the northeast today, but it is always wonderful in Paradise.

730 Passover Lane -- Affordable & Adorable!

This little charmer at 730 Passover Lane sits directly across the street from the Key West Cemetery. The home has been on the market for some time and the price has been periodically reduced from $795,000 to $499,000. That's right, $499,000. Now it is officially affordable as well as adorable. CLICK HERE for more info and additional photos.

Click on the photos to see larger views of this quintessential Key West cottage. The living area is quite large features a vaulted ceiling. There are lots of windows and French doors so the entire living-kitchen-dining area is open and inviting. The kitchen is new, compact, and has lots of special little features.

The house has one bedroom that also has a vaulted ceiling. It, too, is bright and cheery. But there is also a second level loft with room for a queen size bed, and that floor space is not counted in the home's square footage. There rear courtyard has an outdoor shower, brick pavers, pond, and lots of foliage. The white picket fence at the front sets off the smart street appeal of this smart looking little home.

Now about the location. 730 Passover Lane is a short four blocks walk to Duval and three blocks to the Historic Key West Seaport. CLICK HERE for a Google Earth View of the location. The location across the street from the cemetery provides something most Key West homes do not have: lots of sunshine and uninterrupted views, quiet neighbors, and the assurance that the neighbors are not going to build something on their property. Ever! I won't make any bones about it, many people would not consider a house by a cemetery. But if you aren't afraid of ghosts and you want a few rooms with a great view (I'm serious), you need to see this little house.

The house does not have off street parking and there is no room for a pool. But there is plenty of room to live a very comfortable life in great style. Want to see this charmer? Please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.

Key Haven Waterfront at Affordable Price

42 Key Haven Road, Key West, Fl has just been reduced in price from the initial $1,300,000 to only $990,000.

This is how the listing broker describes this property: Huge Price Reduction!!! Best value per Sq. footage currently on the market! Spacious waterfront home located on beautiful Key Haven. 5 bdrm, 3 bath that includes a legal separate mother-in-law unit with plumbing in place to add a kitchenette-337 sq. ft.. Renovations completed that include new-tile floors throughout, landscaping, front door, brushed stainless steel appliances & central a/c system. Split floor plan offers a very private master suite with tile handicap access bathroom and lots of closets. Sitting room, dining room area and over sized family room, screened Florida room overlooks the water. Laundry room with hookups in place and extra shower plus door to side yard. Vacant and easy to show-owners say sell!!

That pretty much says it all. Owner wants out. At the reduced asking price the house is offered at $322 per sq ft. There have been five market sales in the same 5th Addition to the Key Haven Subdivision in since January 1, 2007 with the price per foot sales price higher than the current asking price. GO HERE to compare those properties for yourself. Prior to Hurricane Wilma this particular property would have sold fairly quickly, of that I am sure. But today it is a different market and for a buyer looking for waterfront property that may have the mother in law (or some other Lothario) this home may be worth taking a look at. CLICK HERE for more photos and info on 42 Key Haven Road.

If you are looking to buy a house or condo, but don't like the looks of this particular property, don't fret. We have lots of houses for sale in all price ranges and locations. CLICK HERE to do your own search of the Key West mls database and then call me (Gary Thomas)at 305-766-2642 or email me at kw1101v@aol.com to schedule a showing.