Preferred Properties Coastal Realty, Inc. just listed (that's where I work but this is not my listing)
1601 White Street which is located near waters edge in the
Casa Marina Area of
Key West. This house was previously occupied by a renter who in my opinion made showings
very difficult. Now the property is
vacant
and may be seen with relative ease. Let me share with you why I think
this is a great value for someone looking to do a little fixing-up.
1601 White Street was
built new (not remodeled) in
1988.
It has many of the features that were current then including kitchen
cabinets, appliances, bath fixtures, window treatments, etc. It's funny
how quickly styles change and become passe in twenty five years. But
they do. What has not changed, however, is the great location. This
property is located adjacent to 1617 White Street which I have
previously blogged
CLICK HERE.
I have written about other nearby neighbors on nearby Casa Marina Court
and Johnson Street where the property prices are much more expensive. I
mention these properties because I believe 1601 White Street as being
the least expensive property in the area which ought to mean it has the
potential for significant price appreciation in the future.
The
1568 sq ft two story house sits on an
8750 sq ft
lot (70' wide x 125' deep) at the corner of Johnson Street at White
Street - just one block from the Atlantic Ocean. A large fenced City
Park is located directly across the street. There are muted ocean views
of the ocean from the second floor. I would describe the house as
being a modern re-interpretation of an eyebrow house one might see in
Old Town. Or maybe it's just a late 1980's salt box. The house sits
quite high on the property and is located toward the north side of the
lot. There is bricked off street parking for at least two cars. The lot
is extensively landscaped and provides privacy from both White Street
and Johnson Street. Yet you can sit on the large front porch and watch
people as they walk the dog, jog, or ride a bike. At night you can walk
down to the White Street pier to watch sunset. Maybe you might stroll
down to the pier to do some night time fishing - I have. There is an
almost endless parade from early morning until sunset and later when
all quiet breaks out.
The
inside of the house would benefit from a remodel. I think the existing
floor plan is okay at best. The house has a 'formal entry' that leads to
the center of the house. The living room is on the left. It has French
doors that lookout to the pool. The formal dining room is located in a
boxed-in room at the front right. The kitchen is at the left rear. In my
opinion the spaces are a bit too formal and too confining for a Key
West lifestyle. A couple of walls need to come down and areas need to be
opened so that this house becomes the beach house it ought to be.
Upstairs
there are two modest sized guest bedrooms that share a common bath
which is typical of fixtures used a quarter of a century ago. The
bathroom is dated and blah. The master bedroom has an odd sized sitting
area with views of the park and muted views of the ocean. The en-suite
bath is also in need a re-vamp. A reworking of the space layout and the
introduction of 21st Century light and bath fixtures could make this
master suite into something far more interesting than presently exists.
Too
many lots, especially in Old Town, have tiny back yards and tiny pools
and small decks. If you appreciate big decks and big pools like I do,
then you will appreciate the big deck here and the large pool with
waterfall.
This
property has an adjacent unused huge rear yard located behind the pool.
That space measures about 70' x 25'. I think a new owner could add a
decent sized guest cottage in this location which would add significant
value. The addition of a fourth bedroom and bath would give guests some
isolation from the main house. When not used by guests, the space might
be used as a writer's workshop or artist's studio. Since the main house
is newer construction, and is not located in HARC, I think a new owner
could be quite creative in adding new living space. A 'serious'
renovator might even consider blowing out the back end of the main house
and redoing both first and second floors and expand the living spaces.
If I were going to do a renovation to this house, that is exactly what I
would do.
I think 1601 White Street has the potential of being a great
vacation rental property
when renovations are completed. The existing house and pool, the extra
large lot with lush tropical foliage , expansive parking, and location
near Higg's Beach and the Atlantic Ocean make it a sure winner. A crisp
and clean update would make it more attractive. The addition of a guest
cottage and some really creative changes could make the entire property
sizzle.
CLICK HERE to view the Key West mls datasheet on 1601 White Street. This property is offered at
$835,000.
|
Higg's Beach playground |
|
Higg's Beach at Sunset |
I took more photos of this property which you can see if you
CLICK HERE. But better than that, please call me,
Gary Thomas,
305-766-2642 to schedule a private showing of this unique property. I am a buyers agent and a full time Realtor at
Preferred Properties Coastal Realty, Inc. in Key West. Someone is going to buy this property now that it actually can be seen. Let's take a look together.