Just listed by Preferred Properties (that is where I work but this is not my listing), 909 Pohalski Lane in the Old Town area of Key West. Several months ago I wrote about a neighboring property, a multi-unit building which still has not sold. Other real estate companies have other houses for sale on this little lane. The house across the lane is offered at $549,000. I don't think the failure to sell is so much a function of the location as it is an ability to find the place. You see Pohalski Lane is just one block long and is a one way street entered just west of the Chevron gas station at the corner of White and Truman. If you drive past the entrance, it's a big ordeal to drive several blocks to make a second try.
I will also bet a lot of people wouldn't give the location a second thought because the houses are so close to Truman. Perhaps houses on this block would appeal more to folks from busy places like New York City or to locals who value proximity to work and fun. I found a delightful "read" on this little block on Conchscooter's Key West Diary. Read his blog item CLICK HERE . He fails to mention the incredible fried chicken at Dion's located in the Citgo gas station across the street or the fun time so many locals have at the Coffee Mill. But his comment "Pohalski Lane invites life to be lived outdoors, with lots of plants and enough activity, bit not too much considering how close to the main artery it lies" is spot on. When I took the blow photo (notice the cat) a neighbor across the lane was watering his plants. Another gave a watchful eye. The weight set in Conchscooter's photos is still there and it looks like the weights are used daily. This is a cool block.
The listing Realtor describes 909 Pohalski Lane thus:
"Darling conch house duplex in old town Key West at a very affordable price. The front unit is a bright and adorable studio apartment. The rear unit is a 1/1 with a private patio. The property is fenced and has a white picket fence in front. This property is walking distance to everything that Key West has to offer. A great rental property and also perfect for an owner occupied / rental combination."
CLICK HERE to checkout the Key West mls datasheet for more information on this little legal duplex that is priced at $299,000. A lot of potential second home buyers want a place they can occasionally use and also rent out when they are not here. Perhaps this duplex property might provide the kind of living arrangement that would work for a buyer seeking income to help offset the purchase price.
If you are looking for a place in Key West, please consider working with me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.