About a quarter of the housing stock on our little island is protected from over development and misguided redevelopment by stringent rules and regulations. Old Town and parts of the Meadows and Casa Marina areas are subject to Historic Architectural Review Commission (HARC) guidelines as well. (CLICK HERE to view the HARC guidelines.) Most of the housing stock on the island is renovated as opposed to new construction. As a result, our housing stock stays pretty constant as far as the number of actual living units.
The house at 319 Grinnell Street has been abused and misused for decades.The photos below show the house in 1965 and then as it appeared when it became bank owned. The house was lifted to install new piers which is the type of foundation most houses in the Old Town area have. A former owner made the place into an illegal three unit house. Then it was foreclosed upon by a lender. A smart buyer bought the former bank owned property and started a very smart update when the property suffered a fire in March 2013. It wasn't that bad of a fire and the renovations continue. It is looking crisp and clean again
I am so happy to see that this great property is back on track to what I hope will be a spectacular finish. I think the builder is doing a terrific job in bringing this property back to life. I had many potential buyers contact me about this house when it was listed for sale. All but one hesitated and the one who made an offer to buy it nickled and dimed the offer. My buyer lost out because he wanted to steal the property. To those who hesitated because of the location, there are only few really "great" blocks in Old Town and buyers who buy there pay the price.
1219 Newton Street in 2011 |
1219 Newton in early 2013 |
1219 Newton May 2013 |
Interior of 1217 Newton in 2012 |
The "little cottage that could" at 525 Grinnell Street (below) is getting a substantial renovation. The old roof was replaced with a shiny new metal roof. Many of the old piers were replaced and the exterior siding is in the process of being painted. I understand the interior is getting a substantial renovation as well. The concrete porch is reportedly being removed and a new wood porch will be added. I applaud that.
A former cigar maker's cottage in the 400 block of Virginia Street is getting a redo by a local duo who have revamped several Key West properties. I remember showing this house several years ago when it was vacant. I told prospective buyers that the location just off Duval Street would make it a great vacation rental and I told them the extra large lot allowed plenty of room for a pool. We will check back later to see how this turns out. I am expecting nothing less than Key West Charm!
Completed and Beautiful |
522 Grinnell Street had been gutted on the inside. The very tall ceilings, ancient crown moldings, and simple but elegant architectural detail remained in tact on the inside. A decrepit old addition at the rear was removed and an out building and garage were torn down. The remaining rear lot left room for a new first and second story porch at the rear. There is plenty of room for a pool.
May 2013 |
The house shown above was built in 1954. It was demolished and the foundation for a new residence is being poured on the quite large lot (5674 sq ft) located near the top of Solares Hill.
1117 Stump Lane in 1965 |
Frequent readers of my blog will remember me writing about 410 Simonton Street. I showed that place on several occasions and wrote a couple contracts that actually got accepted. Neither buyer was able to obtain financing because the place had been converted into nine apartments. The problem was there were only five licenses and that made getting any financing very difficult. (This goes on in Key West a lot of the time. People add kitchens or create illegal living spaces to supplement their income. Lenders won't lend on illegal units.)
The good news is that someone did purchase the property. All of the tenants moved out and demolition of the interiors began. Don't fret, the good stuff, what little there is that remain, is staying in place. The house itself is in very good condition with only a few issues that require attention. I have heard various theories of what will become of this beauty. We shall watch to see what happens.
The hand painted ceiling and floor to nearly ceiling windows are located in what I presume was the original front parlor at 410 Simonton Street. That room is going to be preserved.
The tiny cottage at 629 Elizabeth Street was featured in my blog when it was listed for sale in January 2012. I remember driving people past that house over the years and hearing them say something to the affect "I want to buy that house". There used to me many houses just like "that house". Over the years many of those houses went on the market and a buyer snapped them up and did renovations. I fully expect the new owner of 629 Elizabeth Street to do the same. The location at the top of Solares Hill could not be any better. The nearby houses are all quite valuable. The lot already has off street parking and I presume there is room for a pool. I will be that when the renovation is completed the vase open lot will have a white picket fence and tall palms and dense tropical foliage to protect the site from prying eyes.
One of the biggest eyesores in Key West was the hodgepodge building at 1200 White Street. It was purchased in June 2012. After many months a new facade is starting to emerge.
1200 White Street in 1965 |
909 Flagler Avenue in 1965 |
Over in Bahama Village a new house has just been completed at 615 Thomas Street just opposite to the parking entrance to the Shipyard Condominiums in Truman Annex. An old relic of a falling down house used to sit at this location. Today a substantial new two storey home sits in its space where the former cottage once stood. Instead of old school carpentry, this new house is using many modern day building features that will make this home a notable addition to the area.
The former garage at 1133 Von Phister Street (below) became a $749,000 condo in 2005. When the Key West housing bubble burst this over priced property tanked. It became a short sale. I wrote about the property at 1133 Von Phister Street a couple of times and urged buyers to buy this place. I live nearby and know the value of the location and the land in the Casa Marina area. The property was purchased for just $249,000. The new owner took down the old garage and is building a new two storey home in its place.
1133 Von Phister Street when it was a $749,000 condo! |
If you are thinking of buying a place in Key West and want to do a remodel, please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. There's no time like the present to buy a place in Paradise.