Bank Owned - 107 Front Street #317 - Harbour Place Condominium - Key West Waterfront

Just Listed, but not by me, Units # 317 and #318 at Harbour Place Condominium in Key West. This property is actually two units which were combined to create this quite large top floor residence with direct ocean views of the Key West waterfront.  Even though Key West is a small island, you simply don't get views like this. And rarely do you get this much quality space and construction for the asking price of this Bank Owned property.  The listing Realtor describes this unit this way:

"Enjoy Spectacular Key West Sunsets From Your Own Rare 4 Bedroom 3.5 Bath Condo With Unobstructed Waterview In The Prized Truman Annex. Wood floors and carpet throughout unit. Large kitchen, marbled bathrooms w/ Jacuzzi tub, walk in closets and spacious bedrooms."

This home has 2580 sq ft of living space divided between the principal living areas which face the ocean and the bedroom areas on the rear side. Two large windows and a door with Plantation Shutters provide water views from the kitchen and the living area. The door opens out to the top floor terrace which has great views looking out toward the "outer mole", Sunset Key, and Ft Zach Taylor in the distance. There will never be a day when you won't have something new to see.  I took the photos below on Friday afternoon when the port was empty and the sky was a bit murky. In the not too distant future the City of Key West is going to create a new waterfront park in the open space viewed below. There will be some more trees and tropical foliage but no buildings to impede the view.

Two units were combined to create this top floor unit with 2580 sq ft of living space. The dining area sits in an alcove at the far end of the living area where there is a bar or serving area.

The kitchen opens out to the living room so the chef, be it a man or woman, will always have both a view and can be a part of what is going on in the living area. The combined laundry room and walk-in pantry are quite large. I noted extensive use of copper piping in this area.

Two of the three bedrooms on the city side of this unit have terraces. You will note that all rooms except the have crown molding. The living, dining, and kitchen have wood floors and the bedrooms are carpeted. The baths have marble and tile. All windows and doors have Plantation Shutters. CLICK HERE to view more photos that I took of this bank owned unit.

This unit has a valuable special Truman Annex Transient Rental License which allows for 25 weekly rentals at any time throughout the year.  CLICK HERE to view the Key West mls datasheet on this property which is offered for sale at $1,326,000 or $513 per sq ft. I showed a different unit in this same building a few weeks ago. It had only a city view and was priced at $750 per sq ft.

Please call me, Gary Thomas, 305-766-2642 to set up a private showing or to assist you in writing an offer on this buying opportunity. I am a buyers agent and a full time Realtor at Preferred Properties Key West. This bank owned unit will not last long.  It sold for $2.8 million in 2005.  Somebody is going to snatch this property.

1434 Virginia Street, Key West - Bank Owned

Just Listed, but not by me, 1434 Virginia Street which is located across the street from beautiful Bayview Park in Key West. Buyers who are looking for a "project house" or "renovation project" or a "flipper" ought to take a look at this very large property. The listing Realtor describes this Bank Owned property:

"A lovely, large, stately home with good bones, lots of Dade County Pine and Key West character. 2 off street parking spaces are a BIG plus. City records show it as 2 units but will make a very nice, large single family home. It has 3500 sq ft of living area and sits to one side of a 4941 sq ft lot. Plenty of room for a pool. 5Br/5Baths plus many living areas may be reconfigured to new owner's delight. There are rear decks on 2nd and 3rd floors and typical balcony overlooking front yard and the largest park in the City which has tennis courts. This City Park hosts many festivals throughout the year. Central location allows for quick access to Old Town and to New Town shopping centers. Listing price takes into consideration repairs needed."

 It looked to me that the house had been divided into five apartments over the years. The entrances are located at the front, west, and east side of  the house. Three apartments are on the main floor and two on the second floor. Each second floor apartment has an interior stairway with access to the third floor. A talented designer or architect ought to be able develop a design equal to the view. Whatever charm the original house had has been lost due to the fragmentation of the interior space. Let's look at the house the way it exists today.

Each unit has a separate kitchen and bath. The bathroom in this unit is located in what would have been the original hallway. This unit has a sleeping "loft" but the other apartments have separate bedrooms. The view looks directly across the street to Bayview Park.

The door at the far end of the second floor front apartment opens out to the second floor front porch that spans the width of the house. You can see most of Bayview Park from this vantage point. Bayview is the main city park in Key West. There are tennis courts, a baseball field, and an old fashioned pavilion at the east end. You'll notice water in the photo just above. The Key West police building and a fire station are located on the far side of the water and trees. In searching the Sanborn Fire Maps to try to determine when this house was actually built I learned that the road and land immediately adjacent to the park was identified as North Beach Road and that there was a small body of water in that location. That area was later filled and and developed. When I was taking photos I imagined what a sight the owner must have had back in the day before developers had their way. (They always seem to get their way. Don't they!) This property first appeared on the 1912 Sanborn Map but the prior maps did not cover this area. I suspect this house existed prior to 1900.

I found a photo of the old "bathing pool"* or swimming hole located at what is now near the corner of Truman Avenue and Eisenhower Boulevard (previously North Beach Road). North Beach actually was a beach. Developers got the land and put up condos (don't they always!). The historic Division Street (later named Truman Avenue) was extended over the water and became North Roosevelt Boulevard. By 1999 the city added the police and fire station just east of Bayview Park. The section of North Beach Road was then called Pearl Street. The photo above shows the roofs of two large buildings at Horace O'Bryant Middle School. Those buildings are no more and have been replaced with even larger structures. The park still stands amid all the development that has taken place around it in the near 80 years since the kids jumped into the old swimming hole.  wish I could have seen this sweet town back then.

Over the years some prior owner of this property put a rear addition on to the house. Eventually the space extended out past the east side of the house and made this building exceedingly large. There is a roof top deck accessed via two small doors in the attic or loft space off the rear. A wood stairway leads down to the ground three stories below. While the view is pretty incredible, I really think a new owner might take down the entire rear addition. The house is huge without it. This would be the perfect space for a new pool, deck, and garden which could wrap around the rear and east side of the property. Sometimes less is more. This is one of those times.

The middle apartment abuts the front apartment with "loft" sleeping area. There is a warren of rooms on both floors. A renovation of these disconnected rooms could invigorate this old home and give it new purpose. The lot is very large for the Old Town area - 51' X 82' or 4149 sq ft.  Key West has several talented architects and competent builders that know how to fix old houses like this. I think the renovation of this old place could result in a really interesting home with incredible lasting views.
CLICK HERE to view more photos I took of this property. 

1434 Virginia Street is offered for sale at $682,500 or only $195 per sq ft. CLICK HERE to view the Key West mls datasheet. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this property. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

 * Photo The swimming hole in Garrison Bight C 1940s. From the Louise White Collection

71 Golf Club Drive - Bank Owned - Key West

 

Just listed, but not by me, 71 Golf Club Drive in Key West, Florida. The listing Realtor describes this Bank Owned two bedroom one bath home quite simply as:
"Excellent starter home located on the Golf Course. 2 bedroom, 1 bath unit with extended yard. Mature landscaping. Perfect for entertaining. Bank says sell!"

71 Golf Club Drive has 780 sq ft of living space divided between two floors. Down stairs you will find the kitchen, dining, and living area.  Up there are two bedrooms and the bath. But that's not the end of the story on this place. The master bedroom has a front balcony as well.

This house has a screened in back porch that overlooks a really charming rear yard that has been landscaped with love. This lot is large enough for a new owner to add a pool.  Not all lots are large enough to permit a pool, but this one is and that gives this property extra value in my opinion.  

I did a bit of a "nosey" when I took the photos of this house. The house, like all others at the Key West Golf Club Community, has Hardiboard siding. The siding is in great shape. And so is the exterior trim around the windows. I do not anticipate any repairs that would need to be done on this property. Of course a new buyer would want to have a home inspection done before purchasing any property. I am just stating that I did not see any noticeable deferred maintenance on this property.

 

This house is located across the street from a walkway that leads directly to the larger of the two pools at the golf course. The community center and small gym are located adjacent to the large pool. And the golf course itself is located to the rear of the property.

 

71 Golf Club Drive is offered at $309,500.  CLICK HERE to view the Key West mls data sheet and listing photos.  I took more photos which you can view if you CLICK HERE.  Better than looking at photos, why not call me, Gary Thomas, 305-766-2642 to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West.