27 Kingfisher Lane - Key West - Bank Owned - Reduced Price

If you are  a golfer looking for a house on the links or if you're a bargain hunter looking for a two bedroom/tow bath home at an affordable price, 27 Kingfisher Lane located on the Key West Golf Course may be the answer to your dreams.  The listing Realtor, not me, describes this Bank Owned property this way:

"Lovely two bedroom and 2 bath town home is located on a quiet-cul-de sac in the Key West Golf Club. Property is steps away from both of the association's pools. Home has a wrap around porch and a large screened in patio with amazing views of the Golf Course."

 

Kingfisher Lane is located off the main drive that winds its way through the Key West Golf Club community. The lane ends in a large cul-de-sac around which you will find maybe a dozen homes with different views of the golf course. Each house is a built a bit different than the other. 27 Kingfisher Lane is unique in that it has a wraparound porch that adds to the physical size and architectural beauty of this town home. This unit has a large screened back porch and a smallish backyard. There are, however, first and second floor porches at the front. I have been told that owners of similar units have obtained permission to enclose the wrap around porches which could increase the interior of a unit like this substantially.  A new homeowner would need to obtain permission from the homeowner association to undertake such a renovation.

The inside of this unit is typical of most 900 sq ft homes. The kitchen is located at the front. A breakfast bar opens out from the kitchen out to the dining area. The living room occupies the balance of the space. Large sliding doors open out to the enclosed rear porch. The view from both inside the house and especially from the back porch is quite seductive. (The laundry is hidden from view in a closet under the stairway.)

The master and second bedrooms are located on the second floor. Both bedrooms have vaulted ceilings and en-suite baths. The master bedroom has French doors that open out to the front porch.  The back bedroom has great views of the golf course. 

The asking price on  27 Kingfisher Lane has been reduced to $279,900. CLICK HERE to view the Key West mls datasheet and to view listing photos.  I took more photos of this clean bank owned property - CLICK HERE to view.  There is some minor deferred maintenance. A couple of windows and some exterior trim ought to be replaced. I did not notice any other structural issues. A serious buyer needs to have any property inspected by a licensed building inspector.

As an owner at the Key West Golf Club you are entitled to use either of the two community pools. The large pool is just incredible. There is even a small gym located in the community center.

Most of the houses in Old Town, the Meadows, Casa Marina, and even midtown and new town are priced much higher than this property.  A buyer looking for value really ought to look at this property even if only to compare it for price.  I once suggested to a buyer to look at the golf course. He said he didn't play golf. I responded that you don't have to play golf to live at the golf course. What that buyer wanted was value. There are a lot of homes at the golf course that offer value.

If you are looking for a place in Key West, please consider calling me, Gary Thomas, 305-766-2642 to help you find your place in Paradise. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. 

27 Kingfisher Lane - Key West - Bank Owned

If you are  a golfer looking for a house on the links or a bargain hunter looking for a two bedroom/tow bath home at an affordable price, the new listing at 27 Kingfisher Lane located on the Key West Golf Course may be the answer to your dreams.  The listing Realtor, not me, describes this Bank Owned property this way:

"Lovely two bedroom and 2 bath town home is located on a quiet-cul-de sac in the Key West Golf Club. Property is steps away from both of the association's pools. Home has a wrap around porch and a large screened in patio with amazing views of the Golf Course."

 

 

Kingfisher Lane is located off the main drive that winds its way through the Key West Golf Club. The lane ends in a large cul-de-sac around which you will find maybe a dozen homes with different views of the golf course. Each house is a built a bit different than the next. 27 Kingfisher Lane is unique in that it has a wraparound porch that adds to the physical size and architectural beauty of this town home. This unit has a large screened back porch and a smallish backyard. The front of the unit has front porches on the first and second floor. I have been told that owners of similar units have obtained permission to enclose the wrap around porches which could increase the interior of a unit like this substantially.

The inside of this unit is typical of most 900 sq ft homes. The kitchen is located at the front. A breakfast bar opens out from the kitchen to the dining area. The living room is located at the middle and ends with large sliding doors that open out to the enclosed rear porch. The view from both inside the house and especially the back porch is quite seductive. (The laundry is located in a closet.)

The master and second bedrooms are located on the second floor. Both bedrooms have vaulted ceilings and en-suite baths. The master bedroom has French doors that open out to the front deck.  The back bedroom has great views of the golf course. 

27 Kingfisher Lane is offered for sale at $299,900. CLICK HERE to view the Key West mls datasheet and to view listing photos.  I took more photos of this clean bank owned property - CLICK HERE to view.  There is some minor deferred maintenance. A couple of windows and some exterior trim ought to be replaced. I did not notice any other structural issues. A serious buyer needs to have any property inspected by a licensed building inspector.

As an owner at the Key West Golf Club you are entitled to use either of the two community pools. The large pool is just incredible. There is even a small gym located in the community center.

Most of the houses in Old Town, the Meadows, Casa Marina, and even midtown and newtown are priced higher than this property.  A buyer looking for value really ought to look at this property even if only to compare it for price.  I once suggested to a buyer to look at the golf course. He said he didn't play golf. I responded that you don't have to play golf to live at the golf course. What that buyer wanted was value. There are a lot of places at the golf course that offer value.

If you are looking for a place in Key West, please consider calling me, Gary Thomas, 305-766-2642 to help you find your place in Paradise. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. 

Old Town Key West Bank Owned Property - Price Reduction

I have written about 1111 Watson Street #D a couple of times. I have shown it several times.  Buyers look. Buyers hem and haw. Most liked the place. A couple liked it a lot but then said something to the affect, "It needs some work." Well, Duh! That's is why it is priced where it is.  If it were perfect, the price would be higher.  And yesterday the asking price on this Bank Owned stand alone cottage located in a nice little Old Town compound with a shared pool to just $309,900 or only $274 per sq ft.  I did a quick price comparison to see if there are any other properties priced this low in the Old Town area. There is one: 1209 Margaret Street which I wrote about two weeks ago. Everything else is priced higher.

The listing Realtor describes this 2242 sq ft home this way:
"Cute 2/1 home in a well located, well known Key West compound. Your front door faces the shared pool! Your living room and one of the bedrooms have french doors to your private walled, landscaped wooden deck. You bath and shower are glassed in within its own private space for communing with nature. Great house for entertaining. Priced right to live in Old Town."

 The  home is located at the end of a meandering brick pathway that winds through lush tropical foliage past the other cottage style homes in this compound. The shared swimming pool and spa are located just to the front of this home.  The first time I entered this compound I was immediately taken by the quaintness of the garden area and the neat little homes located in the compound.  The gardens and open spaces are immaculate.

 This particular home sold for $700,000 in 2007. It is offered for less than half that price now. Of course, it needs some TLC, a good scrubbing, some fresh paint, and it would look much better. I told buyers I think it would make sense to  redo the kitchen and bath, rip out the existing floors and install one uniform floor surface throughout the home. I would even take out the existing windows and doors and replace with wind impact resistant windows and doors to reduce long term wind insurance premiums.  I'm not a builder, but I don't see any of these suggested projects as being terribly expensive, but I do see them as adding tremendous long term value to the property.  I just did a simple mortgage amortization that assumed a purchase price of $300,000 with 20% down payment. I financed $240,000 at 3.1% over 30 years. The result is $1,025 per month (P&I).  That, Dear Reader, is equivalent to rent on a one bedroom apartment in a funky building in Old Town.

Living room and dining area as they appear today

Adjacent living room as it appeared in 2007

 The mls states the home has 1137 sq ft of living space under air and sits on a 2967 sq ft lot. The house is basically a 35' x 29' box plus some additional spaces that add dimension and variety that make this house really unique. Two of the features that come to mind are the wall of French doors in the living area that open out to a private garden area and the once amazing bath with an indoor/outdoor shower that lets you shower under under the sun and the stars. 

CLICK HERE  to view the Key West Association of Realtors mls datasheet to view listing info. The agent says this house does not have off street parking, however the prior mls does show that parking is included. This is something to verify if interested. Other units do have parking as well.

Private deck and garden area as it appeared five years ago

Same deck and garden as it appears today - it needs some TLC

The indoor/outdoor shower as it appeared in 2007

The same area today needs a good cleaning

 If you would like to see this home or any other property in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.

Bank Owned - Key West - Price Reduction - 1111 Watson Street #D

The single family home at 1111 Watson Street #D is located in a compound in the South of Truman area or Old Town Key West was just reduced from $359,900 to $341,900. The house is Bank Owned.  This might be the bargain property you have been waiting to find.

The  home is located at the end of a meandering brick pathway that winds through lush tropical foliage past the other cottage style homes in this compound. The shared swimming pool and spa are located just to the front of this home.  The first time I entered this compound I was immediately taken by the quaintness of the garden area and the neat little homes located in the compound.  The gardens and open spaces are immaculate.

The meandering pathway leads to the front door past the community pool

The home is, as bank owned properties often are, in need of some TLC. A good scrubbing and a new coat of paint would do wonders to this house that sold in 2007 for $700,000. I looked at the listing photos of what this house looked like when it sold in 2007 and easily understood how it sold at the high price point: it was really charming.  It can be again. The photos I took were snapped quite quickly and on an overcast and rainy day in Key West. So my pics will likely seem more depressing than impressive. I urge buyers to judge the place in person and see what a bargain this home might be.

The listing Realtor describes the listing this way:

"Cute 2/1 home in a well located, well known Key West compound. Your front door faces the shared pool! Your living room and one of the bedrooms have french doors to your private walled, landscaped wooden deck. You bath and shower are glassed in within its own private space for communing with nature. Great house for entertaining. Priced right to live in Old Town."

Living room and kitchen as they appear today

Living room as it appeared five years ago.

The mls states the home has 1137 sq ft of living space under air and sits on a 2967 sq ft lot. The house is basically a 35' x 29' box plus some additional spaces that add dimension and variety that make this house really unique. Two of the features that come to mind are the wall of French doors in the living area that open out to a private garden area and the once amazing bath with an indoor/outdoor shower that lets you shower under under the sun and the stars. CLICK HERE to view the Key West Association of Realtors mls datasheet to view listing info. The agent says this house does not have off street parking, however the prior mls does show that parking is included. This is something to verify if interested. Other units do have parking as well.
 

 Private decked and garden area five years ago.

  Private deck and garden area of this home today. It could be beautiful again.

Indoor/outdoor shower as it appeared five years ago. 

Same scene today. It needs to TLC! It can be magical again!

If you would like to see this home or any other property in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.

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