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Saturday, March 19, 2022

19269 Bad George Rd, Sugarloaf Key, Florida


19269 Bad George Road, Sugarloaf Key, Florida was just listed for sale by Preferred Properties Key West. If you have ever driven U.S. 1 from Miami to Key West, you will have passed the cutoff on Upper Sugarloaf Key that leads to this amazing property situated between Bad George Road and Mad Bob Road (must of been feuding neighbors back in the day). That stretch of U.S. 1 is continually referred to as one of the most scenic roads in the United Stares. I don't drive up to Miami very often, but when I do I take in every bit of the scenery. It is spectacular.

The listing Realtor describe the property this way:

Incredible opportunity! Former Sugarloaf Sports & Leisure Club. Great location, lots of space. Four buildings and more than 2 acres on Upper Sugarloaf Key selling ''as is''. Includes ground level, 150-seat restaurant and bar space; some restaurant equipment and may be reopened to qualify for SRX liquor license. Grounds feature big concrete pool, dipping pool, 3 clay tennis courts. Live in or rent the 2-story, 4b/2b apartment building, single-story administrative building, or another 2-story building. Zoned Suburban Commercial--verify multi use with county which includes commercial retail, or recreational use; could be lucrative public or private social club. Plenty of parking on front and back of property, which extends between Bad George and Mad Bob Roads. Bring your dreams, some creativity, and a little TLC to make this your dream investment property. Strategically located near Key West.

 



That last picture just turns me on! How cool would it be to buy this place and make it into your dream home. Just because this place has commercial potential does not mean that is all that it can be. I can envision a new owner creating a beautiful new home amid the pool and repurposed guest cottages or gym, artist studio, or whatever your heart desires. And consider this: building building lots in a good Key West locations cost over $1.5 million.

CLICK HERE to view the Key West MLS data sheet and more photos of 19269 Bad George Road, Sugarloaf Key Florida and then call me, Gary Thomas, 305-766-2642, to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. 




Friday, March 18, 2022

806 Pearl Street, Key West - Better Be Quick


Jack be nimble, Jack be spry

Jack jump over the candlestick

Jack be spry

Jack buy this Legal Duplex

Before somebody else does! 

Just Listed by Preferred Properties Key West is this cute two stories duplex located at 806 Pearl Street in The Meadows Area of Key West. This has been the craziest real estate market I have ever seen. Houses get listed for sale and then go under contract a day or two later. This place is a duplex, does not have off street parking, and it does not have a pool. But it is in good condition and it is located in a great neighborhood. And I think it is a near-perfect buy for a second home seeker who want a Key West getaway and some income to help defray the cost of ownership.

 
The 2022 color photo of 806 Pearl Street shows the cutification of the old girl with first floor front porch enclosed to create more interior living area and a bit of a front yard and fence for privacy. 

The first and second floor are basically the same, only different. They enjoy the same space but are not duplicates of each other. The first floor unit is 780 Sq FT and has a 10' X 16"deck. The second floor unit is 720 Sq Ft with a 6'' X 20'wrap-around deck and exterior staircase landing. My idea suggests a new owner may choose continue to rent the lower unit to the long term tenant and perhaps take over the second floor unit for him/her/they (self or selves). Or continue to rent that unit to its long term renter. A lot of buyers want a Key West base where they can come and go and lock and leave. This could be perfect.

806 Pearl Street is located across the street from The Meadows Townhomes. The property has 1,504 Sq Ft of living space situated on a 1.332 Sq Ft postage size lot. It is offered for sale at $885,000. CLICK HERE to view the Key West MLS datasheet and more photos. Then please call me, Gary Thomas, 305-766-2642, to schedule a private showing. I am a buyers agent and a full time realtor at Preferred Properties Key West. I meant what I said about Jack. Jack be quick. You better be to. 

The Meadows Area of Key West


Thursday, March 17, 2022

Key West Real Estate Throwback Thursday No 43

from March 17, 2009

614 Greene Street - Old Town - Key West

 They've already started the party without you folks. I just went down to take a photo of 614 Greene Street and the area is a bustle of activity with people wearing O'the green. How appropriate they are doing it on Greene Street. If you think I jest, look at the photo above with the couple in green t-shirts that read "St. Patrick's Day 2009". 

Anyway, St. Patrick's Day or someday soon may be your lucky day if you were to buy 614 Greene Street which is located at the epicenter of tourist activity at the Historic Key West Seaport. The listing Realtor describes this Transient Licensed Property this way: "Located just steps from both Duval Street & the Historic Seaport this commercial store front plus 3 transient rental unit property is in the perfect Old Town spot. 

Behind the bustling street lies a peaceful garden where each renovated unit enjoys its' own private covered porch. Relax in the ambiance of a wonderful custom dip pool with natural seashell waterfall. Front unit is commercial, Captain's Quarters (2nd unit) is a 2 bedroom, 1 bath, Crow's Nest (3rd unit) is a 1bedroom, 1bath & Pirate's Den is a freestanding 1 bedroom, 1bath bungalow. All units are offered fully furnished, turn-key including flat screen TV's & wireless internet access. Walking distance to all that Old Town Key West has to offer. OWNER SAYS SELL - MAKE OFFER!"  

CLICK HERE to read more details on this property and see photos supplied by the listing Realtor. This property is a potential money maker for someone wanting a small hands-on day to day transient rental operation. I see the potential owner as someone who does not mind a little work to make a modest income from a property in a terrific location that may increase in value as the economy recovers. I can tell you this, the Monroe County Property Appraiser values the property highly. The location is what makes the modest buildings so valuable. That, and the ability to produce income either from transient rentals or other commercial activity that the Hrcc1 zoning permits. 

614 Greene Street is not a Short Sale, but the seller is willing to entertain offers. If you are thinking of buying a second home and potentially buy a small business in Key West, please call me, Gary Thomas 305.766.2642 or my associate Phil Wilson 305.394.4105. Phil has been in the commercial real estate business for years and either he or I may be able to help you put this deal together or maybe another property. Prices are low compared to years past, and there are some real buying opportunities.

 

UPDATE 

You should have bought that place then. It sat on the market for 196 days when it sold for just $995,000. Today there is not one single house for sale in Old Town for under $995,000 let alone any place with three transient licenses. That buyer must have been wearing the Green when he snagged that deal.

Happy St. Patrick's Day Everyone!


Wednesday, March 16, 2022

1215 Truman Avenue, Key West - Just Listed

I have written about 1215 Truman Avenue, Key West a couple of times over the years, including in my Projects of Key West series.

Locals refer to this style of house as a Conch House. It is large impressive house with the strong architectural lines identified elsewhere as a Classical Revival. In his book The Houses of Key West Alex Cammerer described Conch Houses as "...a simple rectangular block of more than one story. It has a low-pitched roof; the main entrance is on the gabled end. The attic story extends beyond the vertical plane of the vertical stories, forming a portico. Formal columns ...are an integral part of the portico structure." 

 

I searched for historic photos of the house and found the old black and white postcard below dated 1929. I added an arrow to identify what I believe to be 1215 Division Street (which is now known as 1215 Truman Avenue).  The house is located opposite Bayview Park to the left. The large two story house located across Division Street at the corner of Georgia Street and the adjacent cottage have been replaced by modern buildings for the Wesley House Family Services. Other homes that may have existed in that area were replaced by what became the Division St Grammar School which later became the Monroe County Office Building. Locals and returning tourists will quickly notice that Division Street (or Truman Avenue) abruptly ended at the Garrison Bight. In later years US 1 was built around the the Gulf of Mexico and barren ground to the east and bridged into Division Street. As years became decades many of these once grand old houses became apartments or boarding house while others were converted into commercial uses. A few stately single family homes remain.

The listing Realtor describes 1215 Truman Avenue as an... 

"Amazing renovation in Old Town Key West. Top down restoration. Dade county pine throughout. Master bedroom on first floor with access to deck and pool. Open living area with top of the line appliances. Laundry room with half bath rounds out the first floor. Two bedroom with attached bathrooms on the second floor. Open floor pan on third floor with additional bath room. This house is loaded with historical charm. Covered outdoor area for dining. Pool was just resurfaced. Car port for off street parking.'"

I remember walking around this house years ago before it was renovated. It was a series of rooms. Big rooms with tall ceilings, Dade County Pine walls, wood floors, big old windows. The original house was dysfunctional as compared to the way we live now. I thought of how it could be improved if only I could find a buyer with money and vision. Some other Realtor found that buyer a few years ago. I photographed the changes made to the exterior over a few years. After house was completed I met with one of the interior decorators who helped complete the project. I was so impressed by the home when is was completed. It is now for sale. Let's look inside.


I tell buyers and write here that old houses are just boxes with rooms someone else built years ago. Don't worry about the old boxes. Think outside the box. Create new boxes with different openings and different uses. Look below and compare that photo to the two immediately above. Same space but totally different and now useful and pretty damned pretty on top of that.

There were two entry doors.The one on the right led to the stairway to the second floor. The opened door was the entry into what had been used for years as a real estate sales office and living area at the read. That door was replaced by a window. The room was repurposed into guest bath at front with laundry room behind it The rear portion of the former large room became a part of the new great room which itself was incorporated into the great room.

You can see the staircase ascending upward. French doors open out to the covered deck and pool added by a previous owner. We will look at that shortly.

The addition at the back of the original house is now the first floor master suite with large bath and walk-in closet. And there is a wall of windows and doors with cook pool views. Who would not want that view? There is a single story office building next door and tropical foliage all around. Nobody can see inside the bedroom.

 
The ceiling in the rear addition was modified by a prior owner who added the window a the gable Several of these windows were salvaged after the first that destroy St. Mary's convent years earlier. Of course the pool and decking are of more recent vintage. The generations that preceded us did not sun or lounge by a pool They worked.


There are two bedrooms with en-suite on the second floor. The front bedroom has two doors that open onto the front covered balcony. I used to own Eaton Lodge Guesthouse. Guest would sit on the porch and watch the people go by a dream of what it must be like to live in Key West. I know they did because they told me. This is far better than walking up and down Duval Street and ducking in and out of bars. If you want healthy, go across the street to play tennis or baseball.

 
The third floor was turned into dormitory for the grand kids with five single beds arranged railway sleeper style complete with separate televisions. Individual air pods provide the sound. When I saw the house a couple of chairs and table were set up with a wine carafe and glasses. That would surely keep the tykes asleep.


1215 Truman Avenue Key West is offered for sale at $3,895,000. CLICK HERE to view the Key West MLS data sheet and listing photos. Then please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this beautiful home. I am a buyers agent and a full time Realtor at Preferred Properties Key West. 





Monday, March 14, 2022

1207 United Street, Key West

The lowest temperature ever recorded in Key West was 41 degrees and that occurred twice. I can avow with certainty the only place in Key West where you can get a BLIZZARD is the Dairy Queen. This little building is not stuck in time. It is stuck in Paradise.
 

The listing Realtor describes 1207 United Street, Key West this way:

"Established in 1950, the Key West Dairy Queen has become a staple ice cream and treats destination on the island for decades. Price includes the business and real estate strategically located near the new Key West City Hall and right around the corner from the busy White Street corridor. Property is located in a residential zoning and is being operated as a legal non-conforming use. A prospective Buyer has the option to purchase the entire package as a business with real estate or redevelop the property. Do not disturb the business or employees of the ongoing operation."

I'll bet a lot of locals think that the only Dairy Queen in Key West is the one above which was just listed for sale. Andy they would be wrong. There were two in the 1960s. The other DQ was located at 2120 North Roosevelt Boulevard. It later became Burger King and is now Popeye's. I wrote about that location in a recent blog. North Roosevelt is a tough street for fast food stores. Half the traffic is speeding by and can't stop in time to turn. Think about that. Maybe that is why three notable fast food franchises have not been successful there.

The one and only Key West DQ is located on United Street one of the slowest thru streets in Mid Town. That is because of the two schools located two blocks to the east.  Speeders in school zones get hammered in Key West (in court not bars). Moms can take the kids for an after school treat. Beach goers can grab a before or after beach Blizzard or burger. Employees at the National Weather Service or city hall can buy an inexpensive lunch.by walking less than a block from work. On any given night you will see generations of Conchs standing in line to a banana split, a sundae, chocolate curly cone. It is not the same at a McDonalds or Burger King. It never has been. There is something magic about a Dairy Queen. In a town with a hundred or more bars for adults, this and the baseball fields where kids come first. 

The above photo also from the early 1960s shows the Dairy Queen facing opposite the old Navy trailer park. I have lived in Key West now for over a quarter century and have watched so much of this area change. I remember when-the trailers were moved out and replaced by the National Weather Service building. The old Key West High School across White Street underwent a multi-million dollar renovation-is now our city hall. The former pizza joint on the corner is now an office building. Dozens of homes in the immediate area have undergone their own renovations. What was once stagnant neighborhood is now a vibrant of the community.

Key West City Hall
National Weather Service Key West, Florida

1207 United Street is 8,110 Sq Ft (92' Wide X 88' Deep) and zoned HMDR. CLICK HERE to view the zoning regulations. 

CLICK HERE to view the Key West MLS datasheet for 1207 United Street, Key West, offered for sale at $1,300,000. Then please call me, Gary Thomas, 305-766-2642 to help start the process to evaluate this property for you create blizzards in paradise. I am a buyers agent and a full time Realtor at Preferred Properties Key West


 

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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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