Key West Beach Club - Ocean Front Unit

One of Two Pools at Key West Beach Club

Key West Beach Club at Sunrise

This is one of those Just Listed but not by me blogs. The newly listed property is Unit # 107 at Key West Beach Club Condominiums located at 1500 Atlantic Avenue in Key West. For the uninitiated the Beach Club Condominiums are unlike any other condo development in Key West. The condos are located right at the beach front. If you had legs long enough, you could dangle them over the edge of the balcony and wiggle your toes int the the sand. The coral reefs protect the Keys from roaring waves. Instead of hearing roaring tides crash ashore you will only hear the gentle lapping of the waves. Wouldn't that be a nice sound to put you to sleep by every night.

Unit #107 is located on the first level of the western building at Beach Club. The listing agent shows that this unit has 1550 sq ft of living space including two bedrooms, two baths, a remodeled kitchen, living room and dining area. The living room and master bedroom each have dead-on killer views of the Atlantic. The master bedroom with en-suite bath is extra large and extra nice.

This is how the listing Realtor describes this property:

"Fabulous oceanfront view and location in one of Key West's finest gated communities; The Key West Beach Club. This beautiful, sunny 2 bedroom, 2 bath condo with full length balcony comes fully furnished including a kitchen stocked with everything needed to cook and serve fine meals. Turnkey for vacation rentals or for the pleasure of the new owner. Extra large jacuzzi tub in master bath, large walk-in closet, bonus area at entry, renovated and upgraded kitchen including granite countertops. The parking space is conveniently located next to elevator and close to unit. Two oceanfront swimming pools, gym, covered entertainment areas with grill, tennis court and downstairs storage unit. This condo is earning vacational rental income."

The Beach Club was built to be and became the premiere condominium development in Key West. Most of the original owners that purchased when the buildings were built in 1987 still own their units. There has been little unit turnover during the past twenty odd years unlike most other condominium developments in Key West. That is important to consider because it means the condo association has a solid financial foundation. The buildings and grounds are professionally managed and very well maintained. (Some places in Key West have hit the skids. The buildings and the grounds in some developments are showing the signs of financial strain.)

It used to be that there was never a unit for sale at the Beach Club. There just has not been a big turn-0ver of units like there are at other developments. So when a new unit goes on the market it is cause for attention. Unit #107 is offered at $1,250,000. Unit # 107 has been rented as a vacation rental. The unit is professionally managed and the monthly rental rate charged is $6,000 to $9,000 depending upon date. CLICK HERE to see the listing info on this unit and to view some really great photos.

Please call me, Gary Thomas, 305-766-2642 to schedule a viewing of this property or send me an email at garythomaskw@yahoo.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. There are currently 4 other units available at the Key West Beach Club. Let's take a look at all of them and that may help you pick your new home in Paradise.

Key West Beachside Ocean Front Condo

Attention Maties! There is treasure to be found in this sweet listing of Unit 421 in the new Beachside Resort. People that read my blog know I don't just hype things. I try to get people to consider options when they are looking at purchasing a permanent home or a second home or income property in Key West. Not all jewels are located in Old Town. If you are looking for a condo with two transient licenses, this gem may pique your interest.

Here are the details: Unit 421 Beachside Resort is a 1357 sq ft a 2 Bedroom 2.5 Bath, type A floor plan with lockout feature & 2 transient licenses for optimal rental potential. All of the finest amenities including designer furniture package grace this 2nd floor luxury condominium situated in building 4 with a pool and courtyard view. Beautifully appointed floor plan with gourmet kitchen overlooking comfortable living room and spacious covered balcony. Endless on-site resort amenities include private beach (inviting hammock supplied), heated waterfront pool, spa, poolside bar and grill, valet parking, concierge, optional on-site management, gourmet restaurant; and the island's largest conference center.

CLICK HERE for more detailed info on Unit 421 and additional photos. This place is super high end. You walk in the front door and it is like walking into an ante room of a Ritz Carlton. High ceilings, crown molding, massive wood doors, polished brass fixtures, marble floors, high tech kitchen, elegant bathrooms, luxurious bedrooms, quiet: these are among the features of this and every unit with the designer furnishings that are included in the asking price.

There are two transient licenses. One bedroom is entered right off the formal entry. It can be legally rented as a "hotel room" on a nightly basis or as part of the entire unit as a two bedroom condo. Or both units could be rented separately.

Unit 421 is priced at $599,000. That is $441 per sq ft. Experienced lookers know the price of everything in Key West. You know that $599,000 is an incredible price. But for those who are not so familiar with prices, CLICK HERE to see the list prices on the remaining units at Beachside. Unit 421 beats every property offered. When this unit sells, and it will, there will be no more priced like it. This is a deal limited to one buyer only. When it is sold, there will be no more--at that price. That does not mean the other units are priced too high. Every unit is different in size, layout, and location.

I suggest that seasoned shoppers look at this unit and compare what you will get for your dollar versus a similarly sized unit at 1800 Atlantic or a much small unit at Truman Annex that is priced similarly. There is no comparison. This property wins. True units at Truman Annex are very close to the rock and roll of Duval. And 1800 Atlantic has a loyal group of vacationers that return year after year. But Beachside is new and far from the madding crowd.

Would you like to see the Beachside Resort and test my theory of value? Please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com. This is an exceptional property at an exceptional price. Maybe you are the exceptional buyer who will grab this little gem.

Key West Beach Club Condos

Not everybody wants to own a place directly on the ocean where you can wake up in the morning to the sound of gentle surf rolling ashore just below your bedroom window. But a whole lot of people would love the opportunity to own such a property. Especially if it were affordably priced and located in Key West, Florida. Well this is your opportunity.

I have written before about the desirability of the Shipyard Condos in Old Town and the much larger units at 1800 Atlantic Blvd. to second home owners. The location, size, and creature comforts of each has made both projects very popular second home choices.

Until the market decline over the past three years the units at the Key West Beach Club have been an even more popular choice to the few who had the opportunity to even buy a unit. Historically, very few units at Key West Beach Club went on the market and when a unit was offered for sale, it would sell very quickly. If you have ever been to the Key West Beach Club you know the reason why. Each unit is located directly on the Atlantic Ocean. Each unit has a spectacular right-in-your-face ocean view. Most of the units are two bedroom and two baths, but there are a few three bedroom units and a couple of spectacular penthouses. As with other projects of similar age, there is some price variation among units based on remodels and upgrades and floor level. But all units share the same view, the same tennis courts, the use of the gym, the pools, the covered parking. And most of all they share the distinction of being the only condos located directly on the ocean in Key West.

Unit 104 is a 2/2 built in 1985 and is priced at $775,000 or $553 per sq ft. And it has a valuable Transient License which means you can rent it on a daily basis to help defray the cost of purchase. You are not required to rent it, but it is a valuable option to possess. CLICK HERE for more info on Unit104.

Unit 105 is also a 2/2 and is offered at $875,000 or $625 per sq ft. This unit is located at the end of the building and has the most privacy going. CLICK HERE for more info on Unit 105.

Unit 107 is a two bed / 2 bath unit that was built in 1987. This unit is priced at #1,375,000 or $962 per sq ft. CLICK HERE for more photos and info on Unit 107.

Unit 115 is the largest unit offered. It has three bedrooms and two baths. It is located at the far east end of the east building. It is offered at the price of $1,200,000 or $766 per sq. ft. The home is being sold furnished and currently is the only one of this type floor plan on the market. CLICK HERE for more photos and info on Unit115.

Unit 210 is a two bed / two bath unit that was just recently listed. It is offered at the price of $999,000 or $699 per sq. ft for this 1430 Sq. ft. unit in the east building. CLICK HERE for photos and info on Unit 210.

Penthouse Unit 406Very rare offering of a top floor 2 level end unit home at the Key West Beach Club. This beautiful luxury condominium main level includes 2 bedrooms, 2 baths, large living/dining room and a separate den. Upstairs is an enormous 3rd bedroom/loft and bath. Recent upgrades include 24" x 24" marble tile floors, crown molding, designer lighting and hurricane wind impact resistant doors and windows. This unit is offered at $2,500,000 or $892 per sq.ft. CLICK HERE for additional photos and information on Unit 406.

Luxury amenities at the Key West Beach Club include two oceanfront pools, tennis court, gym, outdoor entertaining areas with cooking facilities, covered parking, additional storage, and gated entry. Condo fees of $2500 are paid quarterly and include Cable, Exterminating, Building Exterior Maintenance, Building Insurance, Common Area Maintenance, Pool Maintenance, and Security.

If you would like to see any unit at the Key West Beach Club or any other Key West real estate listing, please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.

Ocean Front Condo - Key West

Attention Maties! There is treasure to be found in this sweet listing of Unit 421 in the new Beachside Resort. People that read my blog know I don't just hype things. I try to get people to consider options when they are looking at purchasing a permanent home or a second home or income property in Key West. Not all jewels are located in Old Town. If you are looking for a condo with two transient licenses, this gem may pique your interest.

Here are the details: Unit 421 Beachside Resort is a 1357 sq ft a 2 Bedroom 2.5 Bath, type A floor plan with lockout feature & 2 transient licenses for optimal rental potential. All of the finest amenities including designer furniture package grace this 2nd floor luxury condominium situated in building 4 with a pool & courtyard view. Beautifully appointed floor plan with gourmet kitchen overlooking comfortable living room & spacious covered balcony. Endless on-site resort amenities include private beach, heated waterfront pool, spa, poolside bar & grill, valet parking, concierge, optional on-site management, gourmet restaurant & the island's largest conference center. CLICK HERE for more detailed info on Unit 421 and additional photos. CLICK HERE for info on the Beachside Resort. This website will draw heads to your beds, so it is important to see how well this property is marketed.

Unit 421 is priced at $699,000. That is $511 per sq ft. Experienced lookers know the price of everything in Key West. You know that $699,000 is an incredible price. But for those who are not so familiar with prices, CLICK HERE to see the list prices on the remaining units at Beachside. Unit 421 beats every property offered. When this unit sells, and it will, there will be no more priced like it. This is a deal limited to one buyer only. When it is sold, there will be no more--at that price. That does not mean the other units are priced too high. Every unit is different in size, layout, and location.

I suggest that seasoned shoppers look at this unit and compare what you will get for your dollar versus a similarly sized unit at 1800 Atlantic or a much small unit at Truman Annex that is priced similarly. There is no comparison. This property wins. True units at Truman Annex are very close to the rock and roll of Duval. And 1800 Atlantic has a loyal group of vacationers that return year after year. But Beachside is new and far from the madding crowd.

Would you like to see the Beachside Resort and test my theory of value? Please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com. This is an exceptional property at an exceptional price. Maybe you are the exceptional buyer who will grab this little gem.

Ripe for the Picking Casa Marina Oceanfront Key West

Sometimes I think I sound too pessimistic about what is going on in the Key West real estate market. I talk about prices going down instead of up. I talk about short sales where sellers potentially (Ha!) owe more money to the bank than the property will fetch at sale. I mention bank foreclosures as sometimes being buying opportunities but I know many readers are scared of a market where there are so many foreclosures already and some dumbass like me predicts there will be more. Why a only a fool would buy into that market. Or is it.

I remember Christmas 2004 and the beginning of 2005. People in Key West were giddy about real estate. Everything was selling, especially things that were not even built yet. It seemed like everybody wanted in on the action. I had this dufus that lived somewhere in the middle of the state call me incessantly about buying in to the Key West Beachside project, the Seaside Townhomes, and the Santa Marina Condominiums. He didn't have any money, however. He wanted to finance everything. I had an appointment to meet him and his wife around 3:00 PM on a Sunday right after Christmas to look at properties. We met in the parking lot behind my office. They had camped there in their camper the night before. But they were in Key West to buy property priced over a million dollars. They both wore cheap grey fleece suits from K-Mart or Target. I did not write any deals for the couple, but he later did tell me he bought two units at Seaside with no money of his own.

Around that same time I started working with a sailor at the Key West Naval Air Station. His mother had just passed away, and he inherited just under $500,000. He wanted to buy some income property in Key West. We looked and found a couple of places that really interested him on Northside Drive. He made a reasonable offer on a legal duplex, but the seller turned him down and demanded full price. I told him not to do it. I said it was priced too high. He said he was thinking of looking in Pensacola as well because some of his buddies had bought a couple of brand new condos up there for what one place would cost here. I told him that there is a huge difference between Key West and Pensacola--mainly that there are thousands of units up there whereas there is a limited supply of properties in Key West. I told him that area will continue to build even more units in the future whereas Key West has a mandated limited growth forced on us by the nature of the island and the restrictions imposed by the State of Florida. He found some realtor up in Pensacola to sell him 3 units. I really, really liked that guy. We went out to lunch a few times (his treat). He even bought me a toy replica of a 1959 Mercedes 300SL Roadster that I used to own and foolishly sold.

Several of the units at Seaside have been foreclosed upon or have been offered as short sales. Many of the units on Northside Drive have also been foreclosed upon or are being offered as short sales. I just visited Realtrac dot com's website to see how many foreclosures they have in Pensacola: 1,817. Pensacola has a population of 56,255. There are 629 foreclosures in Key West with a population of 25,478. The worst place for foreclosures in the US in just north of us in Lee County (Ft. Myers area) where there are 21,137 foreclosures.

The couple in the grey fleece outfits did not lose a dime, probably. They didn't have much more than that invested anyway. The sailor did not lose any money in Key West because I cautioned him not to buy at the top end of the market. I hope he did okay up in Pensacola. But there are a lot of other people who did buy into the exuberant Key West real estate market and the 1,817 foreclosures are proof of it.

CLICK HERE to checkout an ocean view property in the Casa Marina Area. It sits on the corner of Grinnell and Casa Marina Court directly across the street from tennis courts and just beyond the courts is the Atlantic Ocean. The property is being offered as a short sale at $899,000. The seller purchased the property in early 2005 for $1,100,000 and the property is mortgaged. It's a short sale. It will sell for lower than the asking price to someone who has some vision; someone who wants to perhaps build a new house to compliment the other multi-million dollar homes in the area. I see this transaction like buying a building lot with the right to build a new house on a 6455 sq ft lot. We don't have many ocean view properties in Key West. This one is ripe for the picking.


CLICK HERE to perform your own personal search of the Key West mls database. Remember, it is maintained in real time so all information is current as of the time you look at it. If you see something that interests you, please contact me, Gary Thomas, 305-766-2642, or e-mail at kw1101v@aol.com. Maybe you'll find yourself in Key West sooner than you think.

Key West Beach Club Oceanfront Condo $899,000

Not everybody wants to own a place directly on the ocean where you can wake up in the morning to sound of gentle surf rolling ashore just below your bedroom window. But a whole lot of people would love the opportunity to own such a property. Especially if it were affordably priced and located in Key West, Florida. Well this is your opportunity. CLICK HERE for more information and photos.
Key West Beach Club unit # 105 is now priced at $899,000 or $642 per sq ft. The unit is a 1401 sq ft condominium with living space that includes the living room, kitchen, dining area, two bedrooms and two baths at the exclusive Key West Beach Club. This spacious home features formal entry opening onto the living/dining room with spectacular views of the Atlantic Ocean through a wall of sliding glass doors opening onto a 344 square foot balcony. The master suite with walk-in closet and bath also enjoys Atlantic Ocean views. This home is perfectly located at the end of Building A with garage parking and storage directly underneath with easy access to elevator or staircase. Luxury amenities at the Beach Club include two oceanfront pools, tennis court, gym, outdoor entertaining areas with cooking facilities and gated entry.

CLICK HERE for a preview of each of the seven units currently available at 1500 Atlantic Blvd in Key West. Prices range from $899,000 to $3,995,000.

If you would like to see this unit or any other Key West real estate listing, please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.