3414 Duck Avenue, Key West - Major Price Reduction

When most things are too big they get reduced - like bellies and high prices. Most things - not all!

Just Announced - Price Reduction on 3414 Duck Avenue, Key West.  The original asking price was $1,620,000. The new price is $1,420,000.  This 5676 square foot office condominium is located in the Poinciana Plaza center in the New Town area of Key West. Other tenants in this center include the Key West Association of Realtors, an alternative medicine clinic, an art and framing store, a real estate closing and title agent, an insurance company, and a land surveyor. The prior tenant in this space was a medical laboratory.

The listing broker describes the property this way:

"This commercial condominium has appx. 5,600 sq. ft.and can be reconfigured as needed. It is conveniently located at Poinciana Plaza with plenty of parking and close proximity to transportation, schools and housing. This large space is presently two commercial units, one formerly a diagnostic center, the other is a private medical practice. Both units front on Duck Ave. and have high visibility. The property lends itself to a variety of commercial uses and is located in the center of new town. This spacious, versatile condominium is ground level and has easy access for customers. Other well established businesses in the plaza. Equipment does not convey. Easy to see."

The Monroe County Property Appraiser website shows this concrete block building was constructed in 1945.  I dug into my old shoe box and found photos of the Poincina center that date back to 1960. It appears to me that the taller structure (Poinciana Food Centre) was added to the original center soon the building was originally built. The building became a commercial condominium in 2002. The facade was updated and a new covered walkway was added. Unit #8 is located at the far west side of the building and occupies 36.2% of the space.   

Customers have plenty of on street parking in front of this complex. There is gated housing community across the street which means which has restricted access. That means there is no competition from residents for on street parking on this section of Duck Avenue. This  building has additional parking on the side and rear for staff. 

While this commercial condominium is offered as one unit, a new owner could divide the spaces into smaller office units. In fact the prior owner created one separate unit at the far west end. There are five doors which open to the covered front walkway.  I took more photos which you can see if you CLICK HERE.

Click GOOGLE MAPS for an aerial view of this location and then use the toggle switch for a street view. The building is located two blocks north of Flagler Avenue and three blocks east of Kennedy Drive. This property can has quick and easy access from Old Town, Casa Marina, Mid Town, and points east.

CLICK HERE to view the Key West MLS datasheet on 3414 Duck Avenue, Key West. Then please call me, Gary Thomas, 305-766-2642 to schedule a showing. I am a buyers agent and a full time Realtor at Preferred Properties.

1320 South Street, Key West - Bank Owned with Price Reduction

Buyers are always looking for lower prices. The asking price on 1320 South Street in Key West was just reduced today to $1,699,000. The new price is $100,000 less than when it was listed on February 26th. The listing Broker describes this Bank Owned home this way:

"Beautiful, updated two story home centrally located in Midtown Key West. This 3 bedroom, 4 bath home offers high-end amenities to truly enjoy the Key West lifestyle. Tiger Wood flooring throughout the home as well as custom cabinetry and a wet bar. Amenities will not disappoint with this home. Includes a grand outdoor pool with water feature as well as a balcony on the second story. Open the French doors and enjoy cool breezes throughout the property. Home was built in 2008 using resilient Hardi plank siding. Includes impact windows/doors and includes 2 zone central air conditioning. Spacious and designed for easy use, this home will not disappoint in bringing Key West dreams into the household."

This home was built new in 2008 and replaced a much smaller home that previously occupied this lot. I dug into my old shoebox and found a photo of the old house. The new place looks nothing like it. The neighborhood as a whole has changed as well. Most, but not all, of the smaller mid-century houses that dot this area have been replaced. The Thompson Estate is located across the street and to the west. Thompson was a buddy of Ernest Hemingway.  I remember showing the Thompson property many years ago and marveling at the huge animal trophies on the walls.

The 3220 sq ft home sits on a 4939 sq ft lot. The facade looks like two houses were joined together to make one large home. That's not the case but the architecture is quite striking. There are three bedrooms each with en-suite bath plus a fourth bath on main floor. The great room is extra large and has doors that open out to the pool and rear deck. The adjacent family room with wet bar also opens out to the pool. Rich Tiger Wood floors are located on both floors of the house. 

 The custom kitchen has about every high-end kitchen appliance that Viking makes including a gigantic range, double door refrigerator, ice maker, dishwasher, and wine cooler. There is abundant storage everywhere. The back side of the kitchen island is extra high and provides a rich environment for casual dining.

The main floor bathroom is adjacent to the wet bar in the family room. The full bath also includes hook-ups for washer and dryer. There is a second washer and dryer on the second floor. The house is wired for stereo throughout and there is also a central vacuum system.

The house has Hardiboard siding, 2 zone central air conditioners, impact windows and doors, custom built pool and waterfall with grotto surrounded by IPE decking and built-in custom bench. The yard is fully fenced and accessed via large electronically operated gate.

Both guest bedrooms are very large. Each has a large walk-in closet located adjacent to the en-suite bath. In fact they are the size of a master bedroom in most other Key West homes. The hallway between the two bedrooms is lined with more closet space. The second floor laundry is tucked away behind one set of doors.

This house appears to be in really good condition. I did not notice any deferred maintenance or see anything that was broken. The house is painted white throughout. That's probably the one thing a new owner might want to change. It's easy. It's fun. And it's not very expensive. CLICK HERE to see more photos I took of this lovely home.

1320 South Street is now offered for sale at $1,699,999 or $527 per sq ft. CLICK HERE to view the Key West mls datasheet and listing photos. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this home. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

13 Bougainvillea Avenue, Key West - Bank Owned Property

The new Bank Owned property located at 13 Bougainvillea Avenue in Key Haven, our suburb to the north, is something for bargain seekers to cheer about. CLICK HERE to read the Key West mls datasheet on the property. But there's more to this home than the datasheet suggests. When a Realtor creates a new listing in our mls, he or she uploads data from the  Monroe County Property Appraiser's website. That data auto-fills the mls with information from historic county records. The mls is correct as to what is shown on the Property Appraiser's site. However, it appears that a former owner converted the original garage into additional living space. The net effect is that instead of being a 1613 sq ft home, the actual home now has 1908 sq ft of living space with three bedrooms and three baths.

This home is a modified ranch built new in 1965. The door seen to the rear of the carport enters into a hall that leads to two doors. The door on the right enters into the main part of the house - the space shown on the Property Appraiser's site. There's another door on the left which enters into what I call a mother-in-law apartment. We will look at the main house first.

When you enter the main house you walk into the great room which is bright and clean. There's a relatively new kitchen to the right. Double glass panel doors open out to the semi-covered rear deck. Another door opens out to the east side yard which is enclosed for privacy.

The master bedroom with large en-suite bath is located at the front of the house. There is large walk-in closet located between the bedroom and bath. There is a second bedroom plus hall bath. The entire home was updated not too long ago. New additions include all new windows and doors, light fixtures, fans, interior doors and trim, and tile floors throughout the house. You can see the pride of ownership the former owners had in this home. It was well cared for.

When you walk through the double glass doors and out to the rear area of this home, you know exactly why so many families, fishermen, and sun enthusiasts opt to live in a location like this as opposed to Old Town - the sun, the sky, the water. This home is located on a wide canal that provides easy access to the nearby deep ocean waters. The rear lot line measures 62.5' - which is more than adequate to accommodate a really nice pleasure boat or fishing craft. (The lot is 100 ft deep or 6250 sq ft total.)
The wood decks need some repair or replacement. And some of the tropical foliage is looking a bit puny. Those are cheap fixes. CLICK HERE to view all the photos I took of this property. You will get a much better sense of how much house and grounds this listing has to offer.

I really think this home is something to cheer about. This home is offered at $624,900 or $387 per sq ft based on the Property Appraiser records showing 1613 sq ft. But it you include the apartment, the effective asking price would get adjusted down to just $327 per sq ft. CLICK HERE to view the Key West mls datasheet on this property. Then 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. This is really worth looking at!

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