811 Carey Lane - Old Town - Key West Cottage

811 Carey Lane

From 811 Carey Lane (left) looking east toward Margaret Street

The asking price on 811 Carey Lane just got better: reduced to $649,000 or $605 per sq ft. This is how the listing Realtor describes this charmer that is located on one of the best little slow lanes of Key West:

"Located in an area of million dollar properties, this charming home has an exceptional location on one of Key West's most desirable lanes. You'll find peaceful tranquility and the Key West ambiance you're looking for in this home. Open living and renovated kitchen, dining room, good storage, outdoor shower, covered porch for lounging and lovely gardens complete with inground hot tub. House opens beautifully to the well-kept gardens and outdoor areas. Excellent condition with 4 ductless air units. Fall in love with this fun and artistic quintessial Key West cottage."

The cottage is almost 1100 square feet and has two bedrooms, two bathrooms, a new kitchen, and it just oozes charm. The ceiling in the main living area is vaulted with exposed wood shingles (covered by metal on the exterior). The ceiling is really dramatic. The living, dining and kitchen area are just captivating. Although this cottage has two bedrooms, neither bedroom is really large. There are two bathrooms plus the essential outdoor shower. The existing outdoor covered porch is so inviting and relaxing. There is room for a good sized pool. The rear of this property abuts Carsten Lane. So all one need do is take down the fence, bring in a backhoe, dig out the dirt, install a new pool for about $25,000, and put the fence back up.

Carey Lane is a one block lane that runs perpendicular between Margaret Street and William Street and just south of Southard Street. It is within walking distance of everything Old Town has to offer, yet you almost need a map to find it. The five homes on Carsten Lane abut Carey Lane to the rear. Each of the houses on Carey Lane and Carsten Lane run through to the other side. Some front on Carsten Lane and the rest have that super valuable Carey Lane address.
Here are some photos of neighboring cottages.

810 Carey Lane (pictured above) is opposite of 811 Carey Lane

811 Carey Lane is at far end of the lane on the right

Neighboring cottage on Carsten Lane

811 Carey Lane is one of my favorite little houses in Key West. It is very simple. It does not need any fixing.It has room for a pool, but a pool is not necessary to everyone. CLICK HERE to view the mls listing info sheet and to view more photos of the cottage.

811 Carey Lane has a great location. Conch trains and trolley cars will never bother the owner. Tourists on motor scooters and bikes probably won't even know it exists. Life goes on in these special little island oases within the island that is Key West.

Yet the property is only a two minute walk to the corner of Margaret and Southard Streets. Five minutes more and you are on Duval or at the Historic Key West Seaport. So close and yet so far away. If you are looking for a place in Paradise, please consider working with me, Gary Thomas. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

Key West - Bank Owned - Open House

1502 Petronia Street, Key West, Florida

I am hosting an Open House on Sunday, January 3rd between 1:00 to 3:00 PM at 1502 Petronia Street in the Meadows Area of Key West. CLICK HERE to see the mls listing info and to view photos of this unit. This property is Bank Owned and it is priced aggressively to sell at $975,000 or $568 per sq ft. This property is a listing of our office and the listing broker describes the property this way:

"This stunning home is part of The Meadows condo association. Newly built in 2007 with top of the line materials and craftsmanship, this home features soaring 14' ceilings in the living area. The kitchen is top of the line with s/s appliances, beautiful granite and solid wood cabinets plus a wet bar in the living room. The bedrooms are en suite with impressive architectural details including crown molding, high ceilings, porches and solid wood doors. A private, gated drive leads to the carport and a separate entry to the pool area. Completely fenced and beautifully landscaped, this home is also perfectly located."

I created two comparison samples so that potential buyers can compare this property to other similarly priced and located properties. CLICK HERE to see that list

The second comparison was created to compare this property with similar units that were constructed about the same time (or later) but that are priced much higher. Nothing constructed then is priced lower than these units. CLICK HERE to view those properties.

Happy New Year !

Bank Owned - Key West - No Snoots Need Apply!

Just listed, but not by me--again!, 2521 Patterson Avenue in the Mid Town area of Key West. CLICK HERE to see the mls listing info and listing Realtor provided pics. But read on dear reader.

This Bank Owned house is a modular home and it was newly constructed in 2005. I gotta tell you, I was really taken by this house. Not because it is Key West cute. It certainly is not the quintessential Key West cottage. But this is a big house with a lot of real living space for a family. The layout is thoughtful and utilitarian. Each of the four bedrooms has its own bathroom. The master bedroom occupies the full front of the second floor. It has a large sitting room adjacent to the bedroom. French doors open from the master bedroom onto the second floor balcony. The master bath is quite large and has a Jacuzzi tub and separate shower. Two other large bedrooms each with en suite baths are also located on the second floor.

The main level has a good sized living room, separate dining room, large kitchen, laundry room, and a large bedroom with en suite bath complete with French doors open onto the main level front porch. There is a nice back porch that leads to a large backyard with enough space for a big pool. There is also a magnificent shade tree to cool the house in the hotter days of summer.

In today's blog title I said "No Snoots Need Apply!" That's because this is a working class neighborhood. Regular Key West families live here. Patterson Avenue is one block south of US 1. The neighbor to the rear is the Conch Plaza Shopping Center. (The Key West Yacht Club) is across the street from the shopping center for point of reference.) This house is one of the nicest homes on the block. Many of the other houses were built in the 1960s or later. They are not fancy. And they probably won't be fancy for years to come.

This house is priced to sell at $314,820 or $162 per sq ft. This 1944 sq ft house sites on a large 5000 sq ft lot. The house has storm shutters, crown molding, and many features you will not find in a similarly priced home with a fancier address.

Call me, Gary Thomas, 305-766-2642 to schedule a showing of this house. It is easy to see. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida. If you want a good deal, this is the one. CLICK HERE to search the real Key West Association of Realtors mls website. Search single family homes priced at $320,000 or less. You will quickly see why this particular house is a good deal.

5 Fletchers Lane - Old Town - Key West

The two houses are connected to create one very large living space.

You can't find a slower lane in Old Town Key West than Fletcher Lane. The lane is only one block long, and it is located between Grinnell and Margaret Street just off Eaton Street. The lane is populated by only a few houses. Most people have never heard of it because few houses located there ever get offered for sale. But the new listing at 5 Fletcher Lane (not my listing) is your opportunity to purchase a really special property. The listing Realtor describes the property this way:

"Luxurious & Elegant Historic Home on one of the most desirable lanes in Old Town Key West. Situated at the end of a quiet lane on a lush tropical lot, this 4 bedroom home underwent extensive renovation and additions in 2007. High ceilings, hardwood floors, bright & airy kitchen with open floor plan overlooking tropical yard and inviting pool. Master suite on first floor with vaulted ceilings, 2 large guest bedrooms plus a wonderful guest cottage provide comfort and privacy for you and your guests. Off street parking for two vehicles, brick patio for entertaining, and central Old Town location make this the Quintessential Luxury Oasis in Old Town Key West."

CLICK HERE to read more detailed info on this listing and to view some really beautiful photos of this special property. The two houses pictured are connected to create one very large living space of 2352 sq ft. The houses sit on a 3819 sq ft lot which is situated at the end of the lane and in the middle of one of Key West's very large city blocks. The result is an island oasis within the island oasis of Key West.

The Historic Key West Seaport is two blocks to the north. There you will find Harpoon Harry's, my just about favorite spot for breakfast or a good old fashioned real cheeseburger. The Schooner Warf Bar is right on the waterfront as are Turtle Kraals and the Half Shell Raw Bar. Coles Peace Bakery (where you can get some great artisan bread and incredible sandwiches) is a two block walk east of Fletchers Lane. Duval Street is five minutes to the west. Everything a man (or woman) could want in life all located within a five minute walk from the house.

5 Flethcers Lane is offered at $1,749,000 or $744 per sq ft. If you are looking to purchase a very special getaway in Key West and would like to see this property, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida where today is a bright and sunshiny day!

Bank Owned - Key West - Waterfront - Affordable

How about my title for today's blog "Bank Owned - Key West - Waterfront - Affordable"? Four things that entice many buyers to take a further look. They included bank owned - the owner is a local bank. Key West - just about every body's dream place to live. Waterfront - okay, the house is located on a Key Haven canal but it provides quick access to the big ocean. And, yes, it is affordable by Key West standards - priced at $599,000.

This bank owned property is located on Key Haven at 3 Aster Terrace. The house has four bedrooms, three baths, a big new kitchen, and lots of living space. The house is 2200 sq ft and sits on a large 6,000 sq ft lot. This is how the listing Realtor describes the property:

"Bank Owned! Large Key Haven home with 4 bedrooms and 3 bathrooms, with one bedroom and bath that could be used as a mother-in-law unit or lockout. Renovated in 2007, some of the upgrades include kitchen with stainless appliances and maple cabinetry, new plumbing, new electric, impact resistant windows, and recessed lighting. Excellent floor plan with living room, den, dining room, and Florida room. Key Haven is a waterfront community located just minutes away from Old Town Key West. Excellent boating access to Gulf and Atlantic waters."

The house was freshly painted when I showed it in was first listed in September. The electricity was turned on and the house has not sat festering away like so many properties owned by the big banks that are too big to fail and too big to care. CLICK HERE to read more details about this house and view some really good photos. This house shows well.

There is a cute little front yard complete with palm trees, picket fence, grass, and off street parking. The rear deck (canal side) needs a little landscaping, but that could be a great weekend project for the new homeowner. The house appeared to be in move-in condition. This property is priced at $599,000 or $265 per sq ft.

If you would like to see 3 Aster Terrace please contact me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida. It may be snowy and cold in the northeast today, but it is always wonderful in Paradise.

1012-1014 Thomas Street - Key West - Short Sale

Consider this little Key West compound an "After Christmas Short Sale" with a really big markdown. The main house has two bedrooms and two bathrooms plus all the niceties we have grown accustomed to expect. There is a separate one bedroom that has a double set of French doors that open onto the pool area. The property has a corner location and the pool gets lots of that fabulous Key West sunshine. This property has been previously listed at $1,400,000, $1,149,000, $699,000 and it is now offered as a short sale at $619,000 or $459 per sq ft.

1012-1014 Thomas Street was just listed, but not by me. CLICK HERE to see the mls listing info and more photos of this property. But to see a different view when the house was listed at a much higher price CLICK HERE but note, these photos depict the condition and furnishings in this property three years ago.

This property is located one block south of Truman Avenue and Thomas Street-two blocks west of Duval Street. The Southernmost Point is only a couple of blocks further to the south on Whitehead Street (one block east).

I believe the planned redevelopment of the recently ceded US Navy property to the City of Key West will create an urgency for the gentrification of the remaining homes in the Bahama Village area where 1012 Thomas Street is located. The former Navy grounds will include a large marina. That means new boats and yachts and that means new money. Money drives real estate investment and redevelopment. A huge amount of money will be spent on the new marina and the rest of the redevelopment project. I think the surrounding properties will get swept-up into the redevelopment of the entire area. I don't think it will happen immediately, but I do think it will happen sooner rather than later.

I have been noticing something occurring that I have not seen in quite a while - more and more construction sites. There is not only a lot of "new" remodeling but also new construction. The city is not dying as some naysayers might lead you to believe. There are very few houses in Old Town with room for a pool that are affordably priced. Potential buyers are once again looking for more reasonably priced properties that they can remodel. The Bahama Village area is close to Duval Street and it also has the proximity to the new waterfront redevelopment.

There is ongoing debate about preserving Bahama Village for the people that grew up there. That's cool and I appreciate not pushing people out of where they have lived for decades. But I have seen enough real estate sales in the Bahama Village area to believe the owners (sellers) are not adverse to taking as much money for their houses as they can possibly get. I think the "market" will absorb the houses in the area and the redevelopment will drive up the property values in the long turn which may not be all that far off. This is just my opinion. Take it for what it is worth.

During my first trip to Key West in 1984 I went to a bar called the Old Plantation located at the corner of Thomas and Southard (CLICK HERE to see a photo of the building in 1965 but note its facade was changed when it turned it into a gay bar years later). The gates to Truman Annex are now located directly across the street. But back in 1984 the location was far off the beaten path. By 1991 or 1992 the gates to Truman Annex were abuzz with activity and the Old Plantation was history. The Old Plantation was razed a few years ago and was replaced by two office condominium projects. Today the location is the forefront to some of the most expensive homes in Key West.

I think the entire Bahama Village area will be abuzz with activity and new construction when the redevelopment of the former Navy property begins. If you would like to see 1012 Thomas Street or any other property in Key West, please call me, Gary Thomas, 305-766-2642 or contact me by email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West.

1217 Pearl Street - Key West

Just listed, but not by me, 1217 Pearl Street which is located directly across the street from the famous Key West house "The Rose Tattoo" CLICK HERE and the neighboring former residence CLICK HERE of Tennessee Williams.

This is how the listing Realtor describes the cottage at 1217 Pearl Street:

"A Classic Cigar maker cottage sited on a beautiful private corner lot. This renovated 2 BD 2 BA home has an open kitchen and living room which exits to the exceptional out door living space with an expansive covered porch, pool area and gardens. There is a shed suitable for studio or additional guest bedroom and a carport."

The cottage is fairly good sized with 1274 sq ft of interior living space but the huge corner lot caught my attention. The lot is 4327 sq ft (44' X 98'). The house sits back from the street behind a white picket fence. There is a carport located on the right. The white picket fence ends at the rear of the house but the rear yard is protected by a large hedge to provide ultimate privacy. The rear yard has a large pool and deck area. This property is listed at $749,000 or $588 per sq
ft.

Duncan Street view

This house is located at the corner of Pearl and Duncan Streets - three blocks east of White and three blocks south of Bay View Park (on Truman Avenue). The MARC House CLICK HERE is located one block to the south. This is a must see every chance you can destination for gardeners. The Island Gym CLICK HERE is located three blocks to the west.Duncan Street is a five or six minute walk to the Atlantic Ocean. It's quicker on a bike or scooter, of course. Old Town is a ten minute bike ride, but you can walk to the restaurants and bars on upper Duval in about five to seven minutes. Another real estate agent referred to this area as "the highly desirable Arts District of Old Town Key West". I describe the location as quiet. After you have heard enough tourists and locals walking home at 3:00 AM telling each other how much they love each other or despise each other, you appreciate quiet neighborhoods. Believe me!

CLICK HERE for more detailed info on this house and to view a lot of photos. Better yet, call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida.

A final note: Key West is getting easier to reach by plane. You can now fly into Key West on Air Tran on a 737 jet. CLICK HERE to more info. This is not a paid announcement, but a free ticket would be appreciated!

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Merry Christmas to One and All

727 & 731 Waddell Avenue - Casa Marina Area- Key West - Short Sales

I have written about the two new houses located at 727 and 731 Waddell Avenue in the Casa Marina area of Key West on several occasions. The houses were built in 2008. 731 Waddell Avenue is located at the corner of William Street. 727 Waddell Avenue is located next door to the west. Each property is now offered at the short sale price of $1,499,000 or $518 per sq ft.

The new listing Realtor describes 731 Waddell Avenue this way:

"Elegant new home situated on a gorgeous corner parcel in the Casa Marina area. Built new from the ground up this home enjoys a modern open floor plan with great room that overlooks a spacious backyard, pool/Jacuzzi & gorgeous stone patio. Built above flood elevation featuring impact doors & windows, hardie plank siding, fenced yard & irrigation system. 4 proper bedrooms with ensuite baths + 5th optional bedroom or den with full bath. 3 bedrooms on 2nd floor each enjoy spacious covered balconies. Tile & wood floors throughout,11 ft ceiling heights, great storage & more. Centrally located where a short stroll will take you to the beach, park, tennis courts, famous Duval Street or fabulous neighborhood waterfront restaurants."

Each house is virtually the same except for the floor plans which are flip-flopped. The listing Realtor shows 731 Waddell as having 2892 sq feet of living space on a 5000 sq ft lot. (The County Appraiser show only 2204 sq ft.) The main level has a great room, kitchen and informal dining area, a den or fifth bedroom with bath that also serves as a main level guest bath. The master bedroom is on the second floor at the front of the house. There are two additional bedrooms on the rear that each have en-shite baths. All three bedrooms on this floor have decks. There is an additional bedroom and bath on the third floor. Five bedrooms and five baths are unheard of in Key West. These are houses that can actually accommodate owners with large families or friends. No more sleeping bags or futons will be required. No more over-crowded bathrooms to endure.

The size of these two homes really set them apart from other new construction in Key West. The physical size and interior living space is bigger than just about any other new property in all of Key West. The lots are large. The interior and outside spaces are well thought out and are user friendly. Each house actually has a front yard with grass and a white picket fence. The front and rear landscaping has matured nicely. Each house has a large pool and water feature plus a large deck for sunning or entertaining.


These houses have a limited view of the Atlantic Ocean which is a little more than a block away. Higgs Beach a five minute walk to the south. And Duval Street and all of the excitement is a five minute walk to the west. Louie's Backyard is perhaps two minutes away by foot. Key Westers can buy beach club memberships at the Casa Marina Resort which provides full use of all facilities including the gym,spa and also get discounts on food and beverages.

Casa Marina area is close to everything but far enough away not to be in the middle of it all. The streets are broad and quiet. The trees are tall and announce the sea breezes as they pass over the island. Homeowners can be anywhere they need to be within a few minutes foot, bicycle, scooter, or car.

I think these two houses are now priced to sell. They were previously listed as high as $3.3 million each. There is not a big market for houses in that price range. In fact, there is not a big market for buyers looking for houses as large as these. I would think a couple with a large family would find either house to be just the ticket. Likewise, a gay couple might find either of these houses the perfect island retreat where there is room for many house guests. The pool and deck area are both casual and sophisticated.

If you are looking for a good deal on a large Key West house, please call me, Gary Thomas, 305.766.2642 or e-mail me at kw1101v@aol.com. I am a full time Realtor at Preferred Properties in Key West Florida. I live in the Casa Marina area and I love it.