Pied-à-Terre por Vous? - Bank Owned - Key West

526 William William Street - Old Town - Key West

The term "Pied-à-terre" comes to mind when you first see 526 William Street Unit #3. What you don't expect is to read the words "Bank Owned" immediately thereafter. When you do, read on. This sharp 2 bedroom 1 and 1/2 bath two story unit is located on the second and third floors of the chic Delancey Hall Condominium. The living room and kitchen share the second floor space with a half bath. An interior stairway leads to the third floor bedrooms and bath. The front second floor balcony is shared with the unit across the hall. Other units in the building have their own private outdoor spaces.

There are only five units in this building that was very tastefully renovated in 2001. The facade just oozes class. Architecturally speaking, I think this building is one of the most handsome in all of Old Town. It just looks important. The side gate provides entry to the shared pool and bricked courtyard area at he rear. There is no off street parking. Since most of the surrounding properties are single family homes, street parking is not an issue.

Unit #3 is now BANK OWNED and offered for sale at $315,000. It is located on the north side second floor front of the building. I co-listed this unit in 2004-2005. I held several open houses at this property. Everybody loved it and the location. The only issue raised was the height of the bathroom ceiling. It is tucked into the roof and a tall person (someone over 6') will have to bend the neck to the side while taking a shower. Tall people tell me they often have to bend to fit in many places. Other than that the two bedrooms and bath are comfortably sized. This unit would make an excellent getaway place or one could live here full time.

Delancey Hall is one of the very best renovations I have seen in Key West. The quality of the workmanship and the superior interior finishes look as good today as they did ten years ago when the original renovation was completed. Buyers that work with me know that I am quick to point out shoddy construction and poor workmanship. Nobody should pay good money for unprofessional construction. Each Delancey Hall unit was built to high quality standards.

The Monroe County Property Appraiser shows this unit as having 955 sq ft of living space. The listing agent varies and relies on an appraisal that shows 657 sq ft. All previous listings (including the original developer's agent) showed the unit as having 955 sq ft.

This unit ought to sell this week. Seriously. This is a great building and this unit has all of the features second home (and many primary) homeowners want. You cannot beat the location; the building is both solid and beautiful; the price is affordable.

(Interior photos are from 2004)

Locals and frequent visitors know the value of a good location, and 526 William Street is located in the very heart of the Historic District. The Key West Seaport is three blocks to the north. There are lots of great restaurants and water based activities there. Duval Street is just a five minute walk to the west. Mangia Mangia is a block to the east at the corner of Margaret and Southard. Five Brothers is located one block further to the east where you can get your morning gossip and cafe con leche at the same time. Fausto's Food Palace is three blocks west on Fleming. Fausto's has a great wine selection plus one of the best real butcher markets in Key West. And Fausto's always has fresh sushi. One-half block off the corner of Duval and Eaton you will find the Tropic Cinema, a hangout for the elite of Key West. The point is you can eat and greet and meet just about anywhere in Old Town within a few minutes walk of bike ride.

If you would like to see this unit or get more information, please contact me, Gary Thomas, 305-766-2642 or by email at kw1101v@aol.com. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West. Do not wait until it is too late!

817 Eaton Street - Old Town - Key West

817 Eaton Street - Old Town - Key West

Just Listed, but not by me, 817 Eaton Street Unit 1, Key West, Florida. This unit is one of five total units in this 2003 renovated condo project right in the heart of Old Town. This is a ground floor unit so you will not have lots of stairs to climb. The listing agent describes this property this way:

"Beatiful, well maintained one bedroom condominium in the Heart of Old Town. Walking disctance to all that Old Town Key West has to offer."

817 Eaton Street as it appeared in 1965

The original house at 817 Eaton Street (shown above) was built in 1892. It was altered a bit over the years and converted into condominiums in 2003. Four of the units are located in the Eaton Street building and the fifth unit is in a two story stand alone carriage house located on Gecko Lane. Gecko Lane is the small lane just to the left of the telephone pole in the photo. You would be surprised at the beautiful homes at the end of this inconspicuous lane . There is off street parking for four cars CLICK HERE. (The mls listing data sheet states that parking is not included with this unit. I would point out that other units I have shown have also declined to state that parking "is included" in the other units. The condo conversion was thoughtful. Each of the units has a good layout with comfortable living spaces. This unit has a front porch for outside living space. There is no pool or other common outside area.

Unit 1 has a first floor front porch view

CLICK HERE to review the mls data sheet and to view the mls listing photos. This 805 sq ft unit has a large space that occupies most of the first floor of this property. The unit has one bedroom and one bath. The rooms are good sized. The walls are Dade County Pine and the floors are genuine oak--not the new fangled engineered kind, either. The asking price on this BANK OWNED Condominium is $242,900.

Readers, this is another property priced to sell quickly. If you snooze on this one, you will lose. If you are looking for a good sized condo in Old Town within walking distance to everything Old Town has to offer, this may be the property you have been waiting for. I know a lot of people say they must have a pool. I get it. Finding a nice unit this large at this price with a pool is problematic. I have a very viable and very affordable alternative. Buy this place and walk two blocks to Dante's. For the price of a couple of drinks, you can lay by the pool CLICK HERE all day long at the Conch Harbor Marina. A lot of locals do it. You might even meet somebody to brighten your life there. Your condo assocation fees won't be as high but your bar bill may be higher-lol.

CLICK HERE to do your own price and feature comparison shopping for units in all of Key West priced under $245,000. Note some of the units are short sales so there is no guarantee those units can be purchased for the price offered. If you would like to see 817 Eaton Street, please contact me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

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