It is time to take a second look at
513 Margaret Street in the very heart of
Old Town Key West. The asking price on this incredible property was recently reduced from $2.4 million to $2.3 million. The listing Realtor describes this impressive home this way:
"This historical family home is located in the heart of Old Town Key West.
Beautiful hardwood floors, natural light and spacious rooms provide the backdrop
for an elegant Keys Lifestyle. The main floor is designed for entertaining with
spacious living, dining and large family room. French doors extending from all
rooms to the private and serene custom pool and tropical gardens. A chef's
kitchen is easily accessible from the outdoor living area and amazing pool.
Impressive crown molding and gleaming hard wood floors are just a few of the
rich details that make this home a one of a kind. Five bedrooms and 5.5 baths
provide a spectacular retreat that offers consummate privacy. Two coveted
Off-Street parking spaces."
I
dug deep into the old shoebox and found a photo taken in 1965 and then
took a similar pic to contrast with the way the house, built in 1889,
looks today. You will note that the second floor porch is no longer
"enclosed" and that the pure white exterior wood siding is now a soft
beige punctuated by bright white trim and green shutters. The barren
landscape has been replaced by specimen palms and lush tropical
foliage. In two words I would describe this home as "Picture Perfect".
But this home is much more than a pretty facade.
About
ten years ago the original house was expanded and a guest cottage and
pool were added. The home as a very traditional look from the street,
but the interiors have been updated for modern family living. The house
continues to have a formal living area on the first floor which is
followed by either a family room or dining room. The master bedroom includes an
en-suite bath is at the rear. Just off the back is a secluded outdoor
shower. French doors open from the spacious master bedroom out to the
pool area. This space is perfect for the laying in bed and reading the
paper and sipping morning coffee or taking a late night dip before
retiring. Since this bedroom is on the main level, older buyers won't
need to worry about climbing stairs as is required in many of the larger Old Town homes.
The
guest cottage, built in 2002, has two bedrooms and two baths. One bath
opens off the pool and doubles as a pool bath. The guest cottage has a
disappearing wall which gives the space a lot of flexibility as far as use. The guest cottage
offers great pool views but from a different perspective than the
master bedroom. Both the guest cottage and master bedroom have privacy
in mind. With a house this beautiful, you might not want to rent it to
strangers, but trust me on this, this home would make a perfect vacation
rental.
The
upstairs has a much more traditional layout with two bedrooms each with
a private bathroom. The front bedroom is my favorite and for good
reason. It has access to the fantastic front porch that has commanding
views of Margaret Street. You could sit up there and watch people all
day long. And as we know, the people in Key West are among the most
interesting in the world to watch.
CLICK HERE
to view a slide show of photos I took of this wonderful Key West
property that is now offered at $2,400,000. This home has 2557 sq ft of
living space under air plus front porches on the first and second
floors, a huge deck, an 18' x 10' pool with waterfall, off street
parking, guest cottage, and killer good looks. The home sits on a 54' x 101' sq ft lot.
CLICK HERE to view the Key West mls datasheet. You may also
CLICK HERE to view the
floor layout for this property.
We
all know the value of location. This home is located on one of the best
blocks in Old Town. It sits amid other stately homes and delightful
cottages of superior value. A neighborhood vegetarian market is one half
block away. The Historic Key West Seaport is two blocks further north.
Michael's steakhouse is up on the opposite corner at Southard Street.
And the Duval Street restaurants, shops, and nightlife are four blocks
to the west.
If you would like to see 513 Margaret Street or any other home in Key West, please contact me,
Gary Thomas,
305-766-2642 or send me an email at
kw1101v@aol.com. I am a buyers agent and a full time Realtor at
Preferred Properties Key West.