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Showing posts with label dream house. Show all posts
Showing posts with label dream house. Show all posts

Saturday, March 11, 2017

Key West - Woulda, Coulda, Shoulda!

Talk about mid-life crisis and the road not taken, how about the lost opportunities that people (buyers and sellers) regret day after day after day for years into the future. In a little town like Key West you can drive by that house you could have bought for a great price but didn't because you didn't like the seller, you didn't like the deal, you think you coulda bought the place cheaper,you were afraid Obama or Trump would do something stupid, etcetera. As a seller you wish you wouldn't have been such an ass, that you had been more pragmatic, that you would have accepted the all cash offer with no strings attached instead of holding out to get more money which in fact you did not get. Life's lessons in real estate: woulda, coulda, shoulda, but didn't!

About three weeks ago a couple from the northeast walked into my open house at 1500 Albury Street in Key West. I met them around 2000 when I was an agent at Knight Realty (now Berkshire Hathaway Knight and Gardner Realty).  A year later we looked at two adjacent houses in the 1000 block of Fleming Street. (One of the best blocks in town.) The houses had been hideously and cheaply redone a few years earlier. They needed revamped. Her father was a builder, so she was familiar with construction and saw the potential of this location and these properties in particular. They said they had investment properties up north they had to sell first. They said they had kids to put through school and college - first. They did not buy even though in their hearts they knew this was a really outstanding opportunity.. Somebody else bought the properties for $660,000 and did an "over-the-top" redesign of the property. That same house was resold in 2015 for $2,750,000. Sixteen years later this same couple is still dreaming about buying a place here but they are still burdened by all the things that they must do first.
Most of the buyers I have worked with have fairly simple goals. They may lay in a hammock on their guest house porch and dream about what it would be like to own a home or business in Key West. Or they may sit on their computer monitoring every new listing that appears on Zillow sometimes thinking "this may be the one if I can buy it at the right price," They may even talk with a Realtor and look at houses and maybe make a half-hearted offer on a place. Or maybe they just find excuses as to why none of the houses work.

As of today there are 434 active listings for homes, condos, and town houses in Key West. Just 70 of those are priced below $500,000. And most of those are condos or town houses. There are 178 houses and condos priced over $1,000,000 and 46 of those are priced over $2,000,000. A lot of sellers have recently reduced their asking price in hopes of selling their place this year. Would, coulda, shoulda works equally for buyers and sellers.

The dream of owning a home in Key West has not diminished. It's the price that is the problem for most buyers but not all. Earlier this week a single family home in Key West sold for $5,442,000 with furnishings. Give me a call and let's see if we can find your dream house before it is gone. Don't wait sixteen years to fulfill your dreams.


Friday, August 8, 2014

615 Southard Street - Key West - Dream a Little Dream

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 So many people come to Key West and fall in love with this little town. They imagine how simple and wonderful their lives could be if only they could live here - someday.  Most people return to their jobs up north in America and go back to the daily grind. They plod along and do their jobs, go to their kids' school and sports events, practices, or whatever.  They go to meetings and drive in traffic for hours on end. But even if they live a simple life,  they probably close their eyes and envision owning a little place on the island they someday want to call home. 
Just listed by Preferred Properties Key West, but not by me, 615 Southard Street which the listing Realtor describes this way:
"Come and see this perfect Key West Conch House today! With two bedrooms, two baths and a private swimming pool in this location, 615 Southard Street will certainly sell quickly. A few years back the property underwent a thorough and quality renovation. The current owners purchased the property in 2001. Features include custom woodcarvings, restored hardwood floors, high ceilings, updated baths and kitchen, central air and heat pump for pool. Property is being sold turnkey (fully furnished) with lovely tropical furniture and accessories. The location is in the heart of Old Town, and only 1.5 blocks to Duval Street and a leisurely stroll to the Historic Seaport. This updated Key West Old Town classic will sell quickly. Don't miss the boat."
I got a chance to show this home a couple of days ago. Shortly after I entered the front door and headed down the long hall on the left side of the house I saw the pool at the rear of the property. I knew instantly that I had showed this house many years earlier when the house was still a virgin cigar makers cottage in need of renovation.  I even remember the potential buyer - a doctor and his wife. They were looking for a place they could "fix up" and have a place to come to on their vacations. I told them that the location was about as good as you can get in Key West. After all, it is an easy walk to Duval Street but far enough away not to be a part of the loonieness that sometimes happens over there. I told them there was plenty of room for a pool. They went back up north to wherever it is they lived. They did not buy.  But someone did. There were a couple of deed transfers after that. The house was renovated (for which it received a ceramic star for excellence in renovation in 2000) and has been occasionally rented as a vacation rental since then.

I don't remember all potential customers as well as I remember that doctor and his wife. They missed a huge buying opportunity. The house sold in 1999 for just $265,000.
615 Southard Street Key West - 1965
615 Southard Street Key West - 2014
I looked in the historic Sanborn Fire Maps and learned that 615 Southard Street first appeared in the 1892 edition. It was not there in the 1899 edition so I assume the map is correct as to the approximate age of construction of this home. During the renovation new windows and mechanical systems were added.  The pool was built then as well. A new addition was placed at the back of the original house where the kitchen and dining area is now located. Doors at the rear open out to the garden and pool.
The formal living area is located at the front of the house. This former cigar makers cottage is rich with Dade County Pine walls throughout the property. Notice the extra tall ceilings and large baseboards that give the rooms a sense of strength and permanence.  Each room is painted a bit differently, but all rooms blend harmoniously. Since this home is offered furnished, it's nice to note that the house just feels "like home". 
The broad hallway on the left leads to the two bedrooms. The first bedroom has an en-suite bath. The second bedroom has an entry door into a second bath which also has a door that enters from the hallway. This second bath is used as a guest bath as well.
Once you near the kitchen the back addition opens into view. You see the pool, of course, but more importantly you see all sorts of visual stimuli that immediately lets you know this is a home.  Yes there is whimsy everywhere. There's a comfy sofa and chair, art, and bric-a-brac galore. The house looks both lived in but not outlived its presence. Who wouldn't love to spend a month here?
The rear doors open out to the kidney shaped pool and rear garden where there is abundant space to get a famous Key West tan (on a sunny day).  I took more photos on a semi-cloudy day which you can see if you CLICK HERE.
If you have been dreaming about buying a perfect place in Key West, a place that you might perhaps rent as a monthly vacation rental to help offset the cost of home ownership, you really ought to consider 615 Southard Street.  It has a successful rental history.  All furnishings and personalty convey with closing as do the advance rental reservations. The asking price is $998,000. Please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this special Key West home.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. This home may be the home of your dreams.


Tuesday, May 27, 2014

1024 Southard Street Key West - A Really Sweet Dream Home

The newly listed home at 1024 Southard Street is as pretty and as charming on the inside as it is on the outside. The listing Realtor describes this 1530 sq ft two bedroom / two bath house as:
"Wonderful Old Town home on a beautiful block with a huge light filled great room that you will never want to leave! Eight French doors lead out to a heated salt generated pool with waterfall feature as well as a separate back yard garden & lounging area with a jacuzzi/spa. This artfully renovated home has 2BR/2BA + an office, stylish Ipe decking, outdoor shower, even gated & bricked off street parking!"
The central hallway leads past a home office on the left front and a guest bedroom opposite toward the great room in the rear. The painted Dade County Pine walls provide a subtle backdrop for the placement of art and furnishings. The deep cherry floors set a stark contrast to the crisp white baseboards, doors, and trim. Multiple sets of French doors add drama to the great room by providing garden and/or pool views from three different directions.
The kitchen is tucked off to the side. But it isn't small, just tucked.  There are ample food preparation areas in this kitchen as well as a nifty bar for informal dining.
A set of ancient glass doors at the main level shuts off the stairway to the second floor master suite from whatever is going on in the house. The master bedroom is the perfect nesting spot in this home. And the bathroom is quite large.
1024 Southard Street has bricked and gated off street parking - that is true rarity in Old Town.  The yards are handsomely landscaped and have nighttime illumination. The pool is large enough for a real pool party.  A hot tub is located at the rear side of the house where the current owner also has an outdoor dining area.  There is a place for everything in this house and everything is in its place.
CLICK HERE to view more of the photos I took of this really charming Old Town home. This is the kind of place buyers dream of owning.  I know a lot of potential buyers think they may "need" more bedrooms for the time the relatives or friends come to town. There's a really charming guest house a block away. Think of putting up your once a year relatives in a guest house and save yourselves a couple of hundred thousand dollars.

CLICK HERE to view the Key West mls datasheet and listing photos on 1024 Southard Street which is offered at $1,295,000. Please call me, Gary Thomas, 305-766-2642 to schedule a showing of this home. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you buy this dream home in Paradise.

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The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.
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