6800 Maloney Ave #56, Key West - Price Reduced

The asking price on 6800 Maloney Avenue #56 in Key West has been reduced to $375,000. I wrote about the property when it was first listed. I liked it so much I thought about buying it myself. Seriously!  That same day a different brokerage listed two boat slips located in the nearby Oceanside Marina. Boat slip measures 40' X 14' and is offered at $262,000. The second boat slip measures 80' X 25' and is offered at $325,000. When I saw that I knew what I originally wrote about the value of 6800 Maloney was absolutely on point. Today's blog is an update on price.  A few days ago a different realtor listed a 60' X 25' boat slip at Safe Harbour Marina is offered at $360,000. They are offering water. This listing is offering a home and a water view of the same body of water.

A lot of people dream about buying a little place in the Florida Keys where they can get away from it all. Most of these dreamers don't mind if the place isn't "perfect". In fact, many prefer that it is not. That way they can fix what needs to be fixed and create their version of the perfect getaway cottage. Many of these dreamers really want a place on the water with a nice view - a place they can catch a few fish or play around on jet skis or take the boat out on open water. And the impossible dreamers hope to find such a place in or near Key West which can be purchased for not a lot of money. 

6800 Maloney Avenue #56 is located in the Harbor Shores Condominiums about 300 feet or so from the new Oceans Edge Key West Hotel and Marina. That hotel has become an instant "hit" because of its waterfront location, multiple pools, and proximity to Duval Street four miles down US1.  This is a manufactured home which sits on a fee simple lot (just like a stick built home up in Peoria or Pittsburgh). Here the property owner owns the house and the land but is also a member of a land based condominium association which owns the common streets and amenities including the boat docks.

The lot is an irregular shaped rectangle measuring 35 feet wide by about 100 feet long or 2753 square feet (which accounts for the irregular shape). There is a concrete seawall which extends about fifteen feet from the home. The water is pretty shallow in this location. An owner might be able to use a flat boat here and certainly could use personal watercraft.  Deep water access is available via the channel on the opposite side of this small bay.

Each of the homes in Harbor Shores is different. Some are trailers, some are modular homes, and there are several newly built stilt homes. This particular Palm Harbor home is a two bedroom two bath with 888 square feet of living space plus screened porch overlooking the water. There is an adjacent storage building also included.

The floors are primarily wall to wall carpet plus tile in the kitchen and baths. The kitchen cabinets are in good shape as are the bathrooms. The place is painted white and needs to be re-painted. A new owner might replace the windows and doors with impact glass which would reduce wind insurance and make it a snap for a seasonal owner to lock and leave. The listing agent told me she thinks a new owner could spend $20,000 and turn this place into something really charming.

CLICK HERE to view more photos of this home and the Harbor Shores development. This home has a parking space at front. Guest parking is located across the street. There is abundant boat dock age about fifty feet to the north. A fortunate few owners (like #56) are located directly on the water.  A couple of owners have replaced older homes with new stilt homes. I added a photo so that readers can see the kind of replacement property could be added to this site.

I found an aerial photo of the area as it appeared in 2012. The marina still exists but the old covered boat storage was taken down and new hotel and pools were built. Harbor Shores is located just above the once-standing Oceanside Marina boat barn. I think this photo demonstrates the lure of this location. In the past couple of years about half a billion dollars has been spent on several new developments on Stock Island. Locals and returning visitors know that Hog Fish restaurant and Roostica are located nearby. More restaurants are being added.

Duval Street is located four miles to the west. There is always something to do there. That's why I feel buyers who dream of having a little place in the Keys will find this place so appealing.CLICK HERE to view the Key West MLS datasheet for 6800 Maloney Avenue #56 then call me, Gary Thomas, 305-766-2642, to set up a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West (listing broker for this property). Remember to click the photo link above as well.

1435 South Roosevelt Blvd. #1001 - Key West

JUST LISTED 1435 South Roosevelt Boulevard #1001 in Key West, Florida is 2192 sq ft stand alone private residence in the Coconut Mallory Compound. Loyal readers may not recognize the address, but I am sure you know the location on the eastern shores of our lovely island home.

I added an arrow to show the location of 1435 South Roosevelt #1001. This photo was taken in the 1990s. Since then the Navy Hospital has been totally rebuilt and many of the buildings visible then are now gone. However, the historic three story Casa Roma Tower is still visible from the street and  also from one of the bedrooms in this home. Not shown in this older photo is the new dock and boat slips appurtenant to the Coconut Mallory Compound. More about that later.

The listing Realtor describes this home this way:

"At the Gateway to Key West surprise yourself beyond all your expectations with this one of a kind residence. All on one level, walled for privacy in the Coconut Mallory Condo compound. The house opens onto an outside logia for year round relaxing and entertaining with a large private pool. Large living/dining and kitchen with top of the line appliances, icemaker and wine cooler. There are 3 en-suite oversized bedrooms and bathrooms with ample closets. In addition there is a small office off the kitchen with built-ins that could be converted to a 4th bedroom. 2 Car garage and parking courtyard. 30 ft. boat slip available separate from purchase for$150,000. Monthly fee is $1170 includes exterior insurances, water, electric and basic cable. Hurricane doors and windows."

Master Suite

Office

Guest Bedroom - This room has park-like views of the new Navy Hospital and Grounds

Separate Guest Suite

Entrance to the totally separate guest suite is off the far end of the large and sunny pool. The suite includes a mini-kitchen and seating area. The suite is as styled and detailed as the rest of the house.  Not shown is the private garage with a separate entrance off South Roosevelt Blvd.

The buyer of this home can also purchase a private 30 foot boat slip at the Coconut Mallory Resort for an additional $150,000.

CLICK HERE to view the Key West MLS datasheet on this property which is offered at $1,450,000. After you have looked at the photos, please call me, Gary Thomas, 305-766-2642 to set up a private showing of this property. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

11 Boca Chica Road, Key West - Lower Florida Keys Private Paradise

A while back I wrote a blog about a waterfront property on Saddlebunch Key.  A few days later a fellow Realtor mentioned she read that blog and asked if I had packed a lunch before I ventured the few miles outside of Key West to take the photos. Then a few days later the listing agent of 11 Boca Chica Road asked me if I would photograph his new listing on Geiger Key. I said, "Sure".  As we crossed over Cow Key Channel (the span of water between Key West and Stock Island) he made a similar remark about me venturing so far out of Key West.  Just because I love living in Key West doesn't mean I get weepy when I leave. The truth is I love Key West so much I don't feel the need to go elsewhere. And when I do go away, I am grateful when I return. I have found my own private paradise, and that's the truth. But I continue to write my blog to help potential buyers find their slice of paradise.

11 Boca Chica Road is a 1152 sq ft two bedroom two bath home with a screen enclosed rear porch with a great canal view. As I roamed the 60' X 125' lot while taking photos, I immediately understood why some buyers prefer this type of home versus living in Key West - the water. There's a big boat parked out back on the canal - waiting. Just waiting like a big dog waits to go for a walk. Waiting to motor the five minutes it takes to reach deep water and then explore the Atlantic Ocean. In the meantime, the boat sits patiently at the sixty foot seawall. As I snapped photos I could hear the water lap up the side of the boat as if it was kissing it - tempting it to go out to the sea. I got why people buy this kind of property. I got it.

The first thing I noticed about this particular house was all the adult toys - toys like the travel trailer, the kayaks, the motor cycles, and so on. People that live in houses like this spend a lot of time outdoors enjoying their time on earth. In my blog I often write about the first thing I see when I walk inside a new home. In most of the homes in Old Town and the Casa Marina areas, the view I most often see is that of  pool and garden located just French doors that open out to the pool or garden. The first thing I noticed at 11 Boca Chica Road was the family boat bobbing in the water. The second thing I saw was the incredible view with all of the other boats parked on the canal waiting to go out to the ocean.

The house sits above a large semi-enclosed parking and storage area. The house is bright and nicely updated. The two bedrooms are located at the opposite end of the living area which opens out to the screened porch that overlooks the boat and the canal. CLICK HERE to view all the photos I took of this lovely canal front home.

The ground level has kick-out walls in the event storm waters were to rise to that level. In the meantime there is an additional 1152 sq ft of storage space under the house which includes a legal bathroom located on the other side of the door shown above. This area would be great for an owner who is a fisherman, water sports enthusiast, or maybe a carpenter who likes to tinker on his time away from construction jobs.

Ultimately, it is the view from the porch where I imagine an owner would spend most time drinking early morning coffee while planning how and where to spend the day  maybe where to fish that day to catch dinner for the evening meal. Later in the evening the owner would likely sit in the same chair this time drinking a beer while musing about the fish that were caught and and making plans for tomorrow to catch the one that got away.

CLICK HERE to view the Key West mls datasheet on 11 Boca Chica Road which is listed at $549,000. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this nice elevated family located located a few miles outside of Key West but only located five minutes from deep water access to the Great Atlantic Ocean. I am a buyers agent and a full time Realtor at Preferred Properties Key West.