409 Grinnell Street - Old Town - Key West

409 Grinnell Street - Old Town - Key West - 2011

The two story house at 409 Grinnell Street is worth considering for those looking for a second home in Key West because it is as clean as a whistle on the inside, and it has room for a pool on the outside. There is no need to renovate, but the house would be a worthy of an expansion. The listing Realtor describes the property this way:

"Built in 1928 this 4 Bedroom Single Family Home is located a few blocks from the Key West Historic Seaport. A fine home now, a grand home with your effort. Own a piece of Key West History! Yard is fenced for privacy with mature landscaping.Wood floors,soaring ceilings with open floor plan. Own a piece of History."

409 Grinnell Street - photographed in 1965 - Key West

I found a photo (above) of the house as it appeared in 1965. The Monroe County Property Appraiser says the house was built circa 1914 or nearly one hundred years ago.

The house has a newer kitchen including a large picture window that looks out onto Elgin Lane that abuts to the north. (You can't see inside from the outside. I tried!) The house has 1688 sq ft of living space plus front first and second floor porches that overlook Grinnell Street.

Newer kitchen

First and second floor front porches

Second floor front porch overlooks Grinnell Street

The second floor has a center hall plan with bedrooms on either side and a front door that opens onto the second floor front porch. The "newer" kitchen at the rear might serve as a suitable foundation upon which to build a second floor master bedroom with rear deck to overlook a pool in the back yard. The yard is about 45' deep X 27' so there is plenty of room for a nice pool, decking, and garden. The house next door to the south (shown in the black & white photo above) is the same size and sits on same size lot) has a great rear addition and a large pool in the rear. It doesn't take a lot of imaginzaiton to figure out how much you could improve the back of 409 Grinnell.

The lot stretches back 45 feet beyond the kitchen viewed at rear

Back yard stretches 45 feet along Elgin Lane

Large back yard (45' x 27') means room for a great pool and outdoor living area

409 Grinnell Street CLICK HERE is offered at $499,000. The house is in move-in condition, but could be improved with a new rear addition redoing the kitchen, adding a second floor rear addition for a new master suite, and reconfiguring the smallish bedrooms into larger spaces. Again, no construction is necessary. But for somebody that wants a project, this is one that should be an easy re-do that could garner big time returns in value and livability.

If you would like to see 409 Grinnell Street or any other property in Key West, please consider working with me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

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1207 Georgia on "Your" Mind

1207 Georgia Street - April 2011 - Key West

As soon as I saw the new listing at 1207 Georgia Street in the Key West Arts District hit the Key West mls I knew I had to write about it. Long time Readers may remember when I wrote about it before - in May 2009. It wasn't listed with a Realtor. Instead, there were two signs that beckoned would be buyers to the bargain. See below.

May 2009

I used the signs and preposterous price to divert readers to properties that were actually listed for sale in the mls which were priced less expensively where I might actually get a buyer. CLICK HERE to read what I wrote then. I actually did get a buyer for the John Hersey house mentioned in that blog.

But the potential seller at 1207 Georgia Street did have a point about the attraction of that property. The lot is an almost perfect square of 87' x 90' (7830 sq ft) situated at the corners of Catherine Street and Georgia Street. Click GOOGLE MAP for a great aerial perspective of the area. Use the toggle switch to move closer to the lot and to get a street view of the area.

The lot is the blank canvas on which a new owner can construct a great living space. The existing house is 1254 sq ft and sits on the south side of the lot towards the front. There is a shed at the rear and that space might be convertible to some upgraded use in a potential renovation. The magnificence of the lot are the two giant mahogany trees plus an equally large mahogany across the street. They frame this lot so gracefully.

This photo gives some perspective as to the size of this large lot - by Key West standards

I found two photos that show the same house in prior years. The photo below was taken in 1965.

The next photo below was taken in the 1980s

The update wasn't quite perfect IMO

Oh, I found the pic below from the 1980s as well. Not everything done then survived gracefully.

The listing Realtor describes 1207 Georgia Street which is now offered at 82% off the original $1.5 million price at just $275,000 like this:

"Unbelievable opportunity.Conch family decides it is time to sell. Almost 8,000 SF double lot shaded by beautiful canopy of mahogany trees. Dated wood frame house with good bones. Priced right."

Forget what the house looks like now and let your mind imagine what you could do with the property. This is a place that will sell very quickly at the asking price because it will be an easy redo from many perspectives. If you are looking for a fixer, do not over-think this buying opportunity. CLICK HERE for more photos I took early this morning.

If you want to see this house or any other property in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

419 Simonton Street - Old Town Investment Property - Key West

419 Simonton Street - Old Town - Key West

Just listed, but not by me, 419 Simonton Street in Old Town Key West. The listing agent describes this property like this:

"Historic, 2 story residence on a 5967 sq ft Old Town lot that's close to everything. Covered balcony & covered porch on front. Upper level balcony & covered porch at rear. Currently set up as four legal apartments (with four 1.0 ROGO's & 4 electric meters) and one off street parking space. Lot has mature Spanish Lime trees and at nearly 6,000 sq ft, it affords room for expansion or pool. HNC-1 zoning lends to many potential uses (City approval required). Convert to grand single family residence, keep apartments, condo out, put in 'light' commercial aspect, etc.., this is a great opportunity to acquire a superb Old Town property."

Click GOOGLE MAP for a great aerial view of this property. Then move the toggle switch and look at the street view. The Dean Lopez Funeral Home is across the street. Other neighbors include a Chinese restaurant, an antique store, a guest house, the Methodist Church, Voltaire Book Store, and the Marquesa Hotel and Cafe Marquesa on the corner. The setting is Key West urban for sure. As the listing Realtor says "HNC-1 zoning lends to many potential uses (City approval required)".

The Monroe County Property Appraiser shows this property as having 2469 sq ft of living space on two floors. The lot is an irregular rectangle of approximately 44' (wide) x 83' (length). The listing agent says room for a pool. But be cautious because of the big trees in backyard. This is a big property for Old Town both in size of building and lot size. The location does lend itself to several different uses. The asking price is $759,000. This is an estate sale. CLICK HERE to view the Key West mls database and more photos of this property.

Off street parking - for two cars!

If you would like to see 419 Simonton Street, or any other property in Key West, please contact me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.

525 Simonton Street - Old Town - Key West

525 Simonton Street - Old Town - Key West

I know the property at 525 Simonton Street pretty well. That is where I first worked when I got my real estate license in 1997. The real estate offices were on the main floor. The rest of the main building and the detached cottage were The Watson House Guest House. The prior owners did a very nice job of renovating the buildings. They operated the three unit guest house to capacity all year long. The current owners converted the previous office space into residential living space and condominiumized the property as a whole.


Fast forward to the present. This beautiful Key West landmark property is now a Short Sale. The listing Realtor describes the property this way:

"***Short Sale****The Watson House on Simonton is an historic estate beautifully renovated and restored. It is currently being managed as an upscale 3 unit guest house with excellent revenues streams year round. The home includes high ceilings, crown molding, large open floor plan with amazing covered decks overlooking the private pool. It also offers off street parking, and a separate guest house."

This property is located on Simonton Street between high-end Marquesa Hotel to the north and Sarabeth's to the south. It is one block off Duval Street. (Guests can find their way home even in the dark!) There is off street parking, a beautiful pool, and large suite like facilities as presently configured. A new owner might keep the rear cottage as an owner's unit and rent out the rooms in the main building. There are lots of possibilities on this property.

Off street parking-in Old Town!

The asking price on this property was just reduced to $1,999,000. This dear Readers, is a bargain in my opinion. If you have been looking for a guest house and have been dismayed by the high asking prices, condition, location, or all three, this may be a workable and bankable alternative.

Please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com for more information on this property. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West. Turn this short sale into a big opportunity.

Choices

Not Key West

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Key West

Potential buyers have lots of choices as where to live and who to work with when selecting a new home. CLICK HERE to search the Key West Association of Realtors mls database. If you see something you like, please consider working with me, Gary Thomas. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

You could live in a box just like a lot of other boxes almost any place in the world. Or you could live in Key West. It is your choice.

Open House - Easter Sunday - Key West

If you are in Key West on Easter Sunday please stop by and take a look at 630 Elizabeth Street between 12:00 to 2:00 PM. I will be providing hard hat tours of this wonderful old Key West property that is ready for renovation. This property has received HARC approval for renovation into a 2300 sq ft single family residence. CLICK HERE to view the Key West mls database.

Turn this OLD HOUSE into your NEW HOUSE

2518 Fogarty Avenue - Key West

Instead of searching for Easter Eggs this weekend, maybe you should be searching for bargains. I recently showed 2518 Fogarty Avenue in the mid town area of Key West, and I think this is a hidden bargain for the right buyer. The listing Realtor describes the property like this:

"Single family CBS (3BD 1.5 BA) home with separate 450 sq. Ft licensed guest cottage. There is a new metal roof on the main house, recently painted interior and exterior, newer appliances, and room for a pool. The main house is currently rented through June 30th 2011. The guest cottage is open and previously rented for $1000/ month."

Large living room at front of house

Dining room opens to rear deck

Front bedroom is one of three

The house was built in 1951 and is a typical ranch, of sorts. The Monroe County Property Appraiser shows the house as being 1880 sq ft (including the guest cottage). The listing agent says the house has 3 bedrooms. There is a nice sized living room, kitchen, and family room plus office/study/ or fourth bedroom.

The legal guest cottage is the show stopper. This place is super cute, super clean and way cheap if rented at just $1,000 per month. It is located at the rear of the 50' x 100' lot and has a separate access from the front gated access to the yard.

Guest cottage living room - this place is sweet!

Guest cottage kitchen

The rear area of the main house currently has a large spa, but there is both room for a pool and easy access for construction of a pool. The front yard is nicely landscaped and protected form the street by fenced and gated access. There are two off street parking spots as well.

Guest cottage at rear - no access to the spa or potential pool

The asking price is just $399,000 or $222 per sq ft. CLICK HERE to checkout the Key West mls database and to view more listing photos. This is a good family neighborhood. I don't reckon that many second home buyers would consider this location, but maybe they should. The price is affordable and having the monthly income from the cottage would help offset taxes, insurance and a portion of the mortgage. It is worth contemplating.

If you would like to see 2518 Fogarty Avenue, please consider contacting me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

4 Lowe Lane - Old Town - Key West

Author Thomas Sanchez (Mile Zero) wrote "I live on a lane called love. Love Lane's behind the library. Key West is filled with little lanes with cute names." Most of the lanes of Key West are quaint. They weren't designed for big houses or big cars. The attraction to owning a house on a lane may be the small spaces and seclusion where owners can then build a nest which they can fluff and call home.


4 Lowe Lane is a listing of Preferred Properties (that's where I work but this is not my listing). The listing Realtor describes this lovely home this way:

"This charming & elegant cottage is situated on a quiet & secluded Old Town lane. The house is approached through an inviting bricked & lushly landscaped courtyard. The dramatic vaulted ceilinged great room has two pairs of French doors opening to the front porch overlooking the garden & two more sets of French doors in the rear overlooking the solar heated swimming pool. The large sunny kitchen also has two pairs of French doors opening out to the pool and terrace. Downstairs are two bedrooms, one with a vaulted ceiling & the other opening to yet another shady porch. There is a full bath downstairs and a large laundry which could easily be another bath. The master suite is upstairs with a skylit bathroom and a sundeck. One parking space."

Living on Lowe Lane is like living on an island within the island of Key West. The rooftop deck off the second floor bedroom provides sunlight and seclusion. It is your own private little place to veg out, read a book, take a snooze, or whatever-whenever!

Master bedroom with secluded rooftop deck

4 Lowe Lane is offered at $995,000. CLICK HERE to view the Key West mls database on this lovely home.

For the uninformed Lowe Lane is an "almost" one block long slow lane that runs from Grinnell Street toward the east. It runs parallel to Southard Street to the south and Fleming Street to the north. The most familiar notable landmark is 5 Brothers Grocery which is located southwest corner of Grinnell and Southard Streets. Stop by 5 Brothers any weekday morning for a cup of coffee con leche and listen as all the big wheels, cops, politicians, contractors, and many tourists as they exchange notes on what is going on in Key West.

4 Lowe Lane is located in the heart of Old Town. Other than 5 Brother's Grocery mentioned above and Azur Restaurant located at the corner of Fleming and Grinnell, there are no commercial enterprises nearby, no guest houses, no apartments or condos. This little block is populated with single family residential homes most of which are of similar size on this lane. The homes on Southard Street to south are very large by contrast. And very expensive. Those expensive homes will help this location maintain its long term appeal and value. (The big house at the end of Lowe Lane has a street address of on Southard Street. The entrance to the carriage house is located there. Preferred Properties (that's where I work) sold that house in 2006 for $5.5 million in 2005.) All of the neighboring grand Key West Conch houses and small Key West cottages have the same quick access to the Historic Key West Seaport located at the foot of Grinnell Street just three blocks to the north and to the restaurants, nightlife, and attractions on or near Duval Street four blocks to the west.

Please call me, Gary Thomas, 305-766.2642 to schedule a showing of this property. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West. I really enjoy helping buyers find the right nesting places.