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Wednesday, April 14, 2010

2301 Linda Avenue - Bank Owned - Key West



2301 Linda Avenue is the large corner property above with huge pool




2301 Linda Avenue is a Bank Owned house located on a very large lot just off Flagler Avenue in the New Town are of Key West. You can't miss seeing this property. It's distinctive profile is a testament to the hip 60's architecture that can still be seen all over the land. In Key West the architecture is just more in your face!

This property was listed previously and then some flaws in the legal description were found. Those issues are now corrected and this property has just been re-listed at a very attractive asking price of $359,900 or $121 per sq ft. The house has 2980 sq ft of living space and sits of a huge but irregularly shaped lot of 11,930 sq ft.

The listing Realtor at Preferred Properties describes this property this way:
"Huge lot! Incredible buy! Unique A frame architecture in midtown Key West. Great potential for a large estate style home. Lofted ceilings, pool, covered parking. Being sold as is. Bank owned."
This property has covered off street parking, a huge sunny pool, and is priced to sell quickly.'
CLICK HERE to checkout the mls listing sheet and to view more photos of 2301 Linda Avenue. The home is zoned Single Family-2.

If you are one of the many bargain basement lookers that want a good deal on a bank owned property, this may be your baby. Please call me, Gary Thomas, 305-766-2642 or email me at kw1101v@aol.com if you would like to see this property. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. This property ought to sell very quickly.

Tuesday, April 13, 2010

613 William Street - Old Town - Key West

613 William Street Old Town Key West as it appeared in 1965

613 William Street Old Town Key West in April 2010

Just listed, but not by me, 613 William Street in Old Town Key West. The listing Realtor describes this classic cottage this way:
"Wonderful Old Town Cottage in excellent condition with 10+ ft ceilings, hardwood floors and Dade County pine walls throughout. The floor plan of this home is two bedrooms, one bath and open living/dining /kitchen downstairs with French doors opening to the rear yard. The third bedroom and bath are on the second level. Located on one of the most desirable blocks in Key West this charming home has a rocking chair front porch and a back porch with retractable awning overlooking the beautifully landscaped bricked courtyard. The rear yard measures 22 feet by 22 feet and should accommodate a small pool."
This 1130 sq ft house is priced at $799,000. CLICK HERE to see more detailed info on 613 William Street in the mls listing page and to view photos of the interior and rear garden. I agree with the listing agent that this is one of the most desirable blocks in Key West. This block has a combination of similar cottage style houses plus eyebrows and great Conch houses. Some homes have postage stamp lots while others have huge rear yards with delightful pools and gardens. Much of this block of William Street has large specimen trees that provide ample shade.

The famous Solares Hill Grocery (now called Charlie's Grocery) is located near the summit of the hill (elevation 18 feet) at 648 William (corner of William and Windsor Lane). It's the only store or commercial enterprise for several blocks. The Key West Writer's Compound is around the corner on Windsor Lane. The compound was established in 1976 and was once the winter home to writers including Richard Wilbur, John Ciardi, John Hersey, and Ralph Ellison. Across the street from 613 William Street is the home of the late Shel Silverstein. Jerry Herman (Hello, Dolly!, Mame, and La Cage Aux Folles among many) revamped the big grand Conch (Greek Revival) at 626 William Street. It is offered for sale at $3,499,000. Our office has a smaller less expensive and just delightful mid-level priced home at 628 William Street offered at $1,095,000.


The Historic Key West Seaport is three blocks to the north. You can moor your yacht or catch a ride on one of many boats that take fishermen fishing or tourists touristing. You can catch sunset while sipping champagne or beer. You can dine at the A&B Loster House or eat it raw at the Half Shell Raw Bar.

Duval Street is a five minute walk to the west. You can walk north or south and travel to the Gulf of Mexico or the Atlantic Ocean within 15 minutes walking time in either direction. If you go north you'll see Sloppy Joe's but it you go south you may not make it past La Te Da, it's that damned intriguing.

Most people who want to buy a place in Key West envision a house like the one just listed at 613 William Street because it has what people want in their Key West dream home. Please call me, Gary Thomas, 305-766-2642 if you would like to see this home or any other house in Key West. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

Sunday, April 11, 2010

Key West Open House Event



Preferred Properties Coastal Realty, Inc. in Key West is s joining forces with the
National Association of REALTORS
® by participating in the National Open House Weekend on April 10-11.
The event is designed to offer buyers the convenience of touring dozens of homes for sale in one weekend.

Sunday, today, is the last day of the Key West Open House Weekend. The April 30 deadline for the federal homebuyer tax credit is quickly approaching. Homes need to be under contract by that date and the sales closed by June 30 for buyers to take advantage of up to $8,000 in tax credits.


Many Key West REALTORS® will participate in this Open House event. Preferred Properties will host ten of our listings on Sunday. If you are out and about this weekend, please stop in to see our homes. Also checkout the homes other REALTORS® are hosting. The inventory of houses is dwindling. Help it dwindle a little faster.

Please CLICK the blue hotlink below for more information and photos of each property.

626 Grinnell Street - Old Town - $1,395,000 hosted by Frank Kirwin

511 Frances Street - Old Town - $1,575,000 hosted by Cory Held

1502 Petronia Street -Meadows area - $975,000 - hosted by Laurie McChesney

905 Elizabeth Street - Old Town - $1,495,000 - hosted by Everett Watkins

1315 Eliza Street - Casa Marina area - $1,495.000 - hosted by Walter Schmida

419 Porter Lane - Truman Annex - $899,000 - hosted by Terry Wilson

625 Louisa Street - Old Town - $619,000 - hosted by Bob Elkins

712 Southard Street - Old Town - $749,000 - hosted by Everett Watkins

1412 White Street - Casa Marina area - $799,000 - hosted by Laurie McChesney

628 William Street - Old Town - $1,095,000 - hosted by Dan Skahen

Each individual listed above is a Realtor or Broker at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Our office is the exclusive Lower Florida Keys affiliate of Christie's Great Estates.

Saturday, April 10, 2010

404 Grinnell Street - Old Town Serene Sensation - Key West



404 Grinnell Street - Old Town - Key West

The listing Realtor, not me, describes 404 Grinnell Street this way:
"Sensational designer renovation in the heart of the Historic District. Dade Co pine is used throughout this master craftsmans' four bedroom, three bath home from the kitchen cabinets to the custom cabinetry in the living room. The marble and granite bathrooms have beautiful hardware and details that make this home irresistible. The house opens through tall French doors to the covered porches and Chicago brick patio that surrounds the 35' swimming pool with water wall of coral and shells. Lush tropical plants and off street parking make this the perfect island retreat."
Sensational is an understatement. I fell in love with this house as soon as I walked inside the front door. I showed the property last week and did not take any photos as I hoped my buyers would snap up this great property themselves. The house did not meet their needs, so now I am free to tell my readers what I think about this Key West charmer.

If you live in Key West or have gone on house tours here you may recognize the names of the design team that renovated this home - Blair Gordon and John Alvarado. Their homes are unmistakable. Local architect Guillermo Orozco completed the design team. Guillermo said "Special attention was given to ensure a sense of serenity and privacy. All spaces open out to the back garden and pool area."

Many houses in Old Town rely on Dade County Pine walls to be a major focal point in the interior design. Some designers would have taken the design cue and would have settled on building another quintessential Key West Cottage. This design team too this home in a different direction.

The wood walls and other natural materials used in the design merge the indoors with the outside. All rooms on the ground floor open onto the outside. And what an "outside" it is. To quote Guillermo, "serene".

Two sets of French doors open from the living room onto the rear covered porch where a separate covered outdoor living space looks down upon the pool and gardens. A set of windows open from the kitchen onto the porch. That opening provides a nifty space where the cook can see and hear or be a part of what is going on outside.

Look at the photo at the top of this page and note how you are brought down three steps to the Chicago bricked terrace at the garden and pool level. The third photo shows the transition from the outdoor living space to the garden level from a different perspective. The pool is cool and the greenery is lush, private, and almost exotic.

I borrowed some photos that Guillermo Orozco has on his website that show off some of the creative details incorporated into this home. I borrowed others from the mls listing presentation.

My comments follow.

404 Grinnell Street sits behind a traditional white picket fence and has a gated entry to the bricked off street parking space that leads to the most traditional front door.

The entry is the first signal that this home is really something special!

Note how informal the living room is and how the French doors lead your eyes to the outside.



The custom stairway leads to the two upstairs bedrooms that share an incredible bath.

Back downstairs you will note how the design elements flow between room to room, from stairway to the kitchen as well. The wide window in the photo below is where the kitchen is located. That wide opening sets the tone for this informal living space where again the inside becomes part of the outside.

The master bedroom (pictured below) with vaulted ceiling is just a knock-out!


The Master Bed and Bath are in newly constructed addition at the rear. Each room opens to the outside but it is the bath that makes you want to jump out and into the spa or pool for a late night dip before you go beddy-bye.

404 Grinnell Street is a 2204 sq ft home located on a 4762 sq ft lot. CLICK HERE to see the mls listing details and to view more photos. It is offered at just $1,325,000. This place, Dear Reader, is a great buy at that price. There is just one place like this in all of Key West. There are many great conch houses and cottages. One person or family is getting an opportunity to be the owner of this serene sensation.

Please call me, Gary Thomas, 305.766.2642 if you would like to see this home with a buyer's agent. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

Thursday, April 8, 2010

6 Lowes Lane - Old Town - Key West



Lowes Lane another slow lane in Key West

Just listed, but not by yours truly, is 6 Lowes Lane in Old Town Key West. For the uniformed Lowes Lane is an "almost" one block long slow lane that runs from Grinnell Street toward the east. It runs parallel to Southard Stree 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.

The listing Realtor describes 6 Lowes Lane this way:
"Situated between Southard & Fleming Street, you will fall in love with this 2 bedroom, 2 bath home on a quiet & friendly lane in the heart of Old Town. It even has a rare find, a detached one car garage! The master suite is on the first floor with an additional sitting area and the 2nd bedroom is up stairs with a bonus room or home office. Nice eat-in kitchen , Dade County pine floors, well & cisterns. Plenty of room to relax on your wonderful lot with a bricked patio surrounded by mature tropical foliage. Fully fenced for privacy and lovingly cared for by the same family for several generations. Room for pool. $799,000."
This 1566 sq ft home sits a fairly large lot (50.25' x 70' or 3417 sq ft) according to the Monroe County Property Appraiser. The home has been in the same family ownership for many years. Nobody ever built a pool, but there is room for one. Plus this home has a garage. In fact, many of the charming houses on this lovely lane have garages and pools. This lane, in fact, is one of the pricier locations in Old Town. I won't give out any names or addresses, but some notables live on this little lane. CLICK HERE to read more detailed info on this home and to view more photos of it.

When I show a house or Grinnell or on the oft chance I always park on Grinell Street and walk my customer down the lane. They just fall in love with this place. It is so picturesque that it is like something out of a Norman Rockwell painting. The houses have all been updated over the years-some more recently than others, but all look just so damned quaint and cute. I found a pic from 1965 that shows 6 Lowes Lane as it appeared then. Compare that view to the pic from this morning. The roof lines are a little different now.

6 Lowes Lane in 1965

6 Lowes Lane in 2010

6 Lowes Lane is located in the heart of the Old Town area. Other than 5 Brother's Grocery mentioned above, 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 the immediate 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 Lowes 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.

If you are looking for a storybook cottage like the one at 6 Lowes Lane, 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, Florida. Our office is the exclusive lower Fl0rida Keys affiliate of Christie's Great Estates. CLICK HERE to search the Key West mls database. If you see something you like, let me know. Let me help you find your place in Paradise.

Tuesday, April 6, 2010

Are You Afraid of Cuba?





700 Block of Duval Street in 1930s when Havana Tours were possible

900 Block of Duval Street in early 1960s when you could still get "there" from "here"

Every once in awhile I have a potential buyer ask me what I think will happen in Key West when, not if, Cuba opens up to the United States again. I always say something like "I don't think it will be a big deal." Cuba is just 90 miles away from Key West. It is closer than Miami.

Key West used to be a launching spot to send tourists to that island nation to our south. I found a couple of old photos (above) that show Havana Tour locations located on Duval Street and a photo of an almost ancient (1930s vintage photo) of a steamship bound for Cuba. It seems like today you can't walk a block on Duval without some huckster trying to sell you tickets to a day trip to the Dry Tortugas or a sunset sail. I don't expect opening Cuba will be much different.

There will surely be some flights out of the recently expanded Key West International Airport (I laugh every time I say that name). But there may also be seaplane rides as well, because there used to seaplane rides before Castro. (Seaplanes actually departed near Mallory Square in olden days headed to Cuba.) I expect there will be slow cruises and hydrofoil's as well. There is a new launching spot built at the Historic Key West Seaport for just such a purpose. That spot is already bringing lots of tourists from the Ft Myers area.

If you think about it, Havana will be an attraction that is something new and different to most Americans. Canadians and Europeans go there all the time. A lot of Key Westers legally go there every year for "educational" purposes. I think many Americans will embrace the idea of going to see the forbidden country. And if Key West becomes the launching spot, so what? Big deal. I think it will be good for businesses here. But I don't think it will bring many more people to Key West. It may divert some dollars that would be spent here which will then be spent there. It's cheaper there than it is here, so I have been told. It's cheaper in New Jersey, too. That doesn't stop people from South Jersey from coming to Key West every year.

The only time I was afraid of Cuba was as a teenager when we almost went to nuclear war over it. That time is over. I am hopeful that sometime in the first or second Obama administration the airways and waterways to Cuba will be opened to Americans. I think potential buyers who fear Cuba may be looking for an excuse not to buy in Key West. They may be the same people who think that housing prices in Key West will continue to fall and that if they wait long enough, they can buy that really big place of a really small price. I have a bit of news for them: the seaplane has left the dock. Prices are on the uptick. Some Key West locations that had lots of inventory have none. I'll be writing more about this in a few days. Fear of the unknown is natural. Fear of the future is irrational.

If you are hoping to buy a place in Key West, please contact me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in sunny Key West. Our office is the exclusive Lower Florida Keys affiliate of Christie's Great Estates. CLICK HERE to search the Key West mls. If you see something you like, please call me or shoot me an email at kw1101v@aol.com. Don't be afraid of the future, embrace it.




Thursday, April 1, 2010

731 Waddell Avenue - Key West - Short Sale

731 Waddell Avenue - Casa Marina Area - Key West - Short Sale


The asking price on 731 Waddell Avenue in the Casa Marina area of Key West was just reduced again. The new asking price is $1,099,000. Compare the current price to the price when this newly constructed home (completed in 2007) was originally offered at $2,750,000 in July 2007. The market has made a correction and this home is aggressively priced to sell. This is a short sale which will require the approval of the lender(s).

This is how the new listing Realtor describes 731 Waddell Avenue:
"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."
The listing Realtor shows the houses have approximately 2892 sq feet of living space on a 5000 sq ft lot. 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. CLICK HERE for more detailed information and photos.

The size of this home really sets it apart from most 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 designed and user friendly. Each bedroom has its own exterior porch. The master bedroom on the front has an extra large second floor balcony with a partial view of the Atlantic Ocean. The two large second floor bedrooms each have rear balcnies that overlook the large pool and courtyard.


731 Waddell Avenue is located one block north of the Casa Marina Resort in the Casa Marina area of Key West. Higgs Beach, the private beach at the Casa Marina Resort, and Doggy Beach are within a couple of minutes walk. Duval Street is an easy five to ten minute walk as well.

This home has plenty of space for a large family or a buyer with lots of friends. It would make an excellent vacation rental because of the number of full-sized bedrooms, bathrooms, and pool. This home was designed for relaxed Keys living.

Please call me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com for more information. I live in this area and love it for its convenience and the quality of life this area provides.



Wednesday, March 31, 2010

409 William Street - Old Town - Key West








Formerly the William Lowe House - 409 Wiliam Street Old Town - Key West

The historic glass shimmers and reflects the early morning sun

I first wrote about 409 William Street in October 2007 when it was then just listed at $2,999,000. This is how I described the property then:
The Gideon Lowe House at 409 William Street is located within Key West’s National Register of Historic Places in the heart of Old Town. This 2 ½ story historic landmark was originally built by the youngest son of one of the island’s earliest Bahamian settlers (c.1845) and expanded to its current grandeur (c.1866). Today’s completed renovation was overseen by a New York architectural firm, and now is offered as a home of superior design, detail, construction, and history. The lushly landscaped yard haven is perfect for entertaining with an expansive deck finished in exotic Brazilian wood that overlooks the tiled pool. The front second story balcony provides that all important sunset view. The house has two master suites with walk-in closets plus two additional bedrooms. This restored gem sits on a sleepy and palm shaded street within walking distance to the Historic Key West Seaport and it's only three blocks from Duval. And it has 2 off street parking spaces.

The house has been a guest house for the past 20 years or so. I watched the restoration from the street and street and think this house has just about all of the bells and whistles an upper end buyer could desire.
The house did not sell and it has not been lived in. Everything has been consistently and carefully maintained. It was just listed at the new asking price of $1,795,000. CLICK HERE to view the current mls data sheet and photos. This, dear Readers, is a buying opportunity for someone to buy a truly historic home at a great price.

I walked over to the house this morning to take some pics. I just love this street with all of the old houses on either side. I have added some old time photos to contrast how some houses on this block looked half a century ago with how they look today. That's not that long ago. (I had just graduated from high school. The houses look pretty much the same. I have added several pounds and my hair turned gray. These houses will still be here in a hundred years. I won't.)

The local fresh fish market is located on the corner at Elizabeth and Eaton Streets. The Historic Key West Seaport is two blocks further to the north. Sometimes when I walk the streets of Old Town like I did this morning, I fall in love with this place all over again. Really!

Bahamian House across from 409 William Street in 2010

The same house in 1965

The same house in 1965 but viewed from the corner of Eaton Street looking southwest

405 William Street in 2010

405 William Street in 1965

Another Bahamian house on William Street in 2010

The same Bahamian house as seen in 1965

If you are looking for a perfect place in Key West, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc.

Tuesday, March 30, 2010

Casa Palmera - Sold - Key West




I wrote several blogs about 906 Johnson Street and this will probably be the last. The property closed today and I want to congratulate Cory Held of Preferred Properties Coastal Realty, Inc. who represented the Seller and the Buyer on the sale of this incredible property.

CLICK HERE to see what you missed. 906 Johnson Street is located on one of the very best blocks in Key West. The main house sits behind a private gated entry . Gardens surround the house on either side and then wrap around the house at the rear. The two story home has rich wood flooring and European details throughout. The main home includes three guest rooms, a complete mother-in-law suite or servant's quarters, a formal dining area, a formal living room with fireplace and an equally large and gracious family room that overlooks the rear gardens. The home has an extra large galley kitchen, a breakfast room that overlooks the large pool, and a cheerful laundry room that looks out onto the rear gardens as well.

There is a Casita at the southeast rear of the property. It is actually a home onto itself. A separate Writers cottage or office with it's own bath is located at the southwest corner of the property.

Casa Palmera was originally offered for sale at $3,495,000. It sold at $1,749,000. This was the deal of the year. Congratulations to the seller, the buyer, Cory Held, and Pat Labrada at TIB Bank.

There some real good buying opportunities still left in Key West. CLICK HERE to search the Key West mls to find your good deal. Please call me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in sunny Key West.

Disclaimer

The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.
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