

The Conch Grove Compound pool is wonderful!The cute little cottage at the Conch Grove Compound is "back on the market" as a short sale and the lender has 
approved the property for 
short sale at the price of 
$325,000.  The house was previously listed at the asking price of $299,000 and  went under contract about  75 days after it was initially listed. The  place is a 'cottage'. It is not a house. It cannot be enlarged. What you  see is what you get.  That being said and hopefully being understood,  you actually get a nice place to live in a quiet Old Town location for  not a lot of money.  The listing Realtor describes the property this  way:
"Renovated cigar makers cottage tucked away in a  charming gated old town  compound. Eleven homes share an extra large  heated pool surrounded by mature  tropical landscaping. Cottage was  renovated in 2004. New roof in 2010. Move in  condition. Just bring your  flip flops and bathing suit to wile away the winter  blues!! (Homes  owned fee simple as part of a homeowners association.) This is a  lender  approved price on the short sale."

The 'ladder' provides access to the loft bedroom
Kitchen is at the right rear and bath is at the left rear
Loft bedroom1121 Watson Street #2 is located two blocks west of White Street and two blocks south of  Truman Avenue in the 
Conch Grove Compound   which consists of several cottages and  single family homes that share  a  large sunny and heated pool, gardens, and  off street parking. The   property is 
not a condominium.   The owner of each cottage or house owns the ground under the  property   in fee simple. But all property owners share ownership of all  of the   common areas.  Each cottage or house is unique. So the place does not    look like a Disney version of Key West. It is the real thing.  And I    mean that in the most positive way. Writer James Kirkwood, co-author of   "A Chorus Line", was one of the  first homeowners in the Conch Grove   Compound. Local author David Kaufelt  used to live there as well.
CLICK HERE to read the listing Realtor's comments about this property.
1121 Watson Street #2 is a one bedroom one bath cottage that is offered as the approved short sale price of 
$325,000.    The cottage is just 420 square feet in size plus 5' x 14' porch. The   Monroe County Property Appraiser shows that it sits on a 25' x 58'  (1422  sq ft) lot.  I know this is a small property. That is why it is  called a  'cottage'. I have 
more photos that I will be glad to share with you if you contact me below.
If you would like to see this property, please contact me, 
Gary Thomas, 
305-766-2642  or by email at kw1101v@aol.com.   I am a buyer's agent and a full time Realtor at Preferred Properties   Coastal Realty, Inc. in Key West, Florida.  This property will not last   long at this price. Serious buyers need to act decisively.