3930 S Roosevelt Blvd Unit W-307, Key West - Just Listed

Just Listed by Preferred Properties Key West is Las Salinas Condominium Unit W 307. This is a three bedroom two bath third floor unit with 1072 sq ft of living space plus covered deck. The asking price is just $429,000 or $400 per sq ft. There is a beautiful pool and new fitness center! That's a deal in Key West.

The listing agent describes the property this way:

"This spacious three bedroom, two bath condominium at Las Salinas is in pristine move in condition. With newer upgraded appliances including a washer/dryer, custom plantation shutters, porcelain tile floors and fresh paint, all one needs to do is move in and relax! Located on the third floor it has a private balcony with a tiled floor. Las Salinas offers a sunny pool, a new club house and exercise gym, plenty of guest parking and easy access to all of Key West's attractions. The complex is well managed and beautifully maintained with lush tropical foliage. Across the street is the Atlantic ocean and the fabulous promenade for walking and biking. It's hard to find a 3/2 at this price point in Key West, especially one in excellent condition. Don't miss this great opportunity. Easy to see."

 

Las Salinas has a professionally managed  association.  Monthly condo fees are $509 and cover pool and grounds maintenance, building maintenance and all insurances, parking, basic cable television.

The promenade starts from about Flagler  and ends on the west at Bertha Street. It passes Smathers Beach shown above. It is a favorite running and biking area.

CLICK HERE to view the Key West MLS datasheet with more listing photos of 3930 S Roosevelt Blvd Unit W-307, Key West, Fl. Then please call me, Gary Thomas, 305-766-2642, to set up a private showing. I am a full time Realtor at Preferred Properties Key West.

Walking Away Money

Most of my customers are buyers. I identify with their wants, needs, frustrations, and frugality.  I know what it is like to dream, to plan, to save, and to eventually to buy the special place to call home. Some people have a lot of money and they sometimes treat price negation as a bit sport while others treat it as a genuine business matter that is to be dealt with. They leave the emotion out of the equation and usually get the deal done. They know what they want and they usually get it.

I think a lot of buyers who are pursuing the dream of buying a place in Key West are often vexed by the perceived high or inflated asking prices on houses here. They often get overwhelmed by the process and the seeming intransigence of sellers who won't budge on asking price - or  at lease budge enough. Some buyers draw a line in the sand. They take their stand and avow the seller can take it or leave it.

Unlike those dazzling dandies on BRAVO TV's Million Dollar Listing LA, I don't play games when I negotiate.   How can they trust me when I tell them something if I play word games with them?  They can't and they won't.  So I don't. I am straight with my buyers. I expect the same from them. When a principal tells me something, I conversely believe what he or she tells me. I have an ethical duty to be honest when dealing with my principal. Why should I expect anything less from him or her.

The line in sand becomes problematic when either side uses it as negotiating tool and really doesn't mean it. And the words line in the sand don't even need to be said to have the same affect.  Words do matter. Failure to respond to an offer or to make a counter-offer creates a sense of unease or worse on the part of a buyer who fears the seller really does not want to sell to that buyer. Likewise, when a buyer says "X dollars is my final price, he or she seemingly cuts off the ability to find a compromise. I run into this very often when buyers reach a point beyond which they are unwilling to go.

Sometimes the breaking point is a matter of a few thousand dollars. This becomes the cost of walking away from a potential purchase. Now I know every dollar in a deal matters. But some dollars are more meaningful than others. I can tell you what that cost is. It is predictable. It is the exact dollar amount amortized over thirty years. Let's say the buyer and seller reach the breaking point at $10,000.  Buyer won't spend a nickle more. Seller won't accept a dime less. Agents won't split the cost to save the deal. The deal is lost. The deal is lost over $46.31 per month (calculated at 3.75% amortized over 30 years).  A $25,000 disparity would cost $115.78 using the same amortization.  The point is the fractional issue is often a matter or pride or ego rather a genuine breaking point.

I know the price of houses houses goes up across most parts of America, but I doubt that it goes up as much as it does in Key West. We live on a little island out in the middle of the ocean. The island can't get any bigger and we can't expand the number of houses (or condo) beyond the number the State of Florida allows each year. We can't build skyscrapers and thank God we can't. So we are forced to sell the same houses over and over again. The best houses in the best locations sell for more money than inferior locations or inferior properties. And the word inferior does not mean  there is something wrong. It means the location or house is not as good as rather than there is something wrong.

To the buyer who wants to walk away from buying your dream house over $46.31 I would suggest that is about the cost of a pair of LEVI 501 jeans. How appropriate. You can have your walking jeans but not the house of your jeans.

If you are looking for a real estate agent in Key West, please call me, Gary Thomas, 305-766-2642.  I am a full time Realtor with more than 23 years experiences selling homes and businesses in Key West. I work at Preferred Properties Key West. 

1101 Fleming Street, Key West - Just Listed

Just Listed. That cute little house that you always loved located at 1101 Fleming Street, Key West. The listing Realtor rightly says it is the most photographed home in Key West. She also says it comes completely furnished and ready for use as a monthly vacation rental, second home, or full time residence.  Let's look inside.

The 772 Square Foot two bedroom, two bathroom cottage is creatively laid out. The living room has a vaulted ceiling with three sets of  French doors which open out to the pool. The doors provide both daytime light and also visual stimulation to lure the owner and guests to the deck and pool area. Remember this is Key West where we can leave the doors open throughout the winter while our friends up north are shoveling snow and snuggled up next to the fireplace. And shoveling snow again and again.

CLICK HERE to view the Key West MLS datasheet and listing photos of 1101 Fleming Street which is offered for sale at just $879,000. Then please call me, Gary Thomas, 305-766-2642, to set up a showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. This place comes fully furnished.  Key West is full of people this week because of Fantasy Fest. Someone may snap this up this week. It's that cute!

619 Virginia Street, Key West - Sunday Open House

If you are all dressed up and headed to the beach, or brunch, of any of the Fantasy Fest events on Sunday, stop by our OPEN HOUSE at 619 Virginia Street between 11:00 to 1:00 PM.  Come as you are or who you want to be.

619 Virginia Street is located at the far end of Virginia Street which dead ends at the St Mary's Star of the Sea church school wall. There are only 21 units at the newly constructed Southernmost Cabana Resort in Old Town Key West. This two bedroom three bath town home has adjacent off street parking, an extra large side yard, and the largest decks of all the units - it wraps around the side of the house and into the large side yard. Best of all it is located just off the pool.

Located in  the X Flood Zone (flood insurance is not required) these homes were built to Florida's tough building code. The exterior features Hardiboard Siding, Wind Impact Resistant Windows and Doors, Trex Decking. Inside features include porcelain floors, fire suppression system, recessed lighting, stainless steel kitchen, and laundry closet. This 1394 square foot home has two large bedrooms and three baths.

CLICK HERE to view the Key West MLS datasheet and more photos of 619 Virginia Street, Key West, offered at $889,000. Listed by Gary Thomas, 305-766-2642, full time Realtor at Preferred Properties Key West. Better yet, stop by and take a look before Fantasy Fest activities one block to the west. Open House will be hosted by Krystal Thomas.

Four Ocean Front Condos For Sale at Key West By the Sea

There are now four ocean front condominiums available for purchase at Key West by the Sea. That;s a first in my recollection. There are usually a few units available in this three unit that includes two pools, tennis courts, tropical and orchid gardens. This is an opportunity for buyers to compare four units by size, condition, height, and price in real time so that they can make the best choice. I am going to list each unit by address number which you may click to read the MLS description and view MLS listing photos.

The Key West by the Seas condos are separated from the Atlantic Ocean by guest parking area, South Roosevelt Boulevard, the dunes of Smathers Beach and then the beach itself. The Island of Key West is itself protected from the tides by the coral reef which extends for miles into the ocean. The reef helps control waters so that we do not get hit by massive tidal waves seen elsewhere. The ocean here has a green tint that changes by hour as do the clouds. Van Gogh could have made Key West famous for its starry nights, sunny days with pillowy clouds, and stranger days with brooding skies.

2601 S Roosevelt Blvd 604A Key West is a 704 sq ft one bedroom one bath top floor condominium offered at $575,000 or $876 per sq ft. It is being sold furnished and "turn key". The unit has been renovated and has new kitchen, bath, tile floors, and mini-split air conditioning. Unit includes adjacent storage room included in purchase price. The HOA fees vary depending on unit. The HOA fees on this unit are $519.57 per month and include all building insurances, common area maintenance, basic cable tv. security, and professional management. 

2601 S Roosevelt Blvd 501A Key West is a 980 sq ft two bedroom one bath fifth floor unit on the west end of the A building. It has direct ocean views from the master bedroom, living room balcony plus window views looking west from the living room and kitchen. When I showed this unit I compared it in size to a two story town home at President's Walk in the Truman Annex. The difference is all of the living space is on one level so there is more actual living space here than there. And the price of this condo is much less. This unit is offered at $590,000 or $602 per sq ft.  The HOA fees are $612.56 This unit is subject to a lease that expires June1, 2020  The lease cannot be cancelled. The seller will assign the lease to the purchaser. New owners may not lease their units for at least one year after purchase. This in place lease would be excluded from that rule. All rentals must be at least 60 days or longer. This policy insulated KWBS from the wave of investor foreclosures that affected many places in Key West several years ago. 

2601 S Roosevelt Blvd 504A Key West is a 754 sq ft one bedroom one bath fifth floor ocean front condo offered at $480,000 or $636 per sq ft. The HOA fees on this unit are $499.92. This unit is also subject to an existing lease that expires in June. All of the units in Building A are going to get new wind impact windows and doors plus new ductless air conditioning installed at no cost to the owner of the condominium association. The replacement is part of the Federal Aviation Administration program to mitigate impact from the Key West airport. 

2601 S Roosevelt Blvd 202A Key West is a 980 sq ft two bedroom one bath second floor ocean front condo offered at $575,000 or $586 per sq ft.  The HOA fees on this unit are $546.52. This unit has an updated kitchen, new bath, and new floors. 

Please all me, Gary Thomas, 305-766-2642, to schedule a private showing for any or all of these Key West By the Sea ocean front condos. I am a buyers agent and a full time Realtor at Preferred Properties Key West. All units are relatively easy to show at the current time.