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Wednesday, March 30, 2022

513 William Street, Key West - SOLD


Congratulations to the Seller, the Buyer, the Listing Broker Brenda Donnelly, and the Buyers Broker Terri Spottswood on the sale of 513 William Street, Key West. The closing price was $6,950,000

I blogged about this incredible home in November 2021. CLICK HERE to read the blog and view photos of this wonderful property. The Williams Street and Pinder Lane property were purchased separately and at different times. The "Seller"and their team of architects, builders, craftsmen, and landscapers set the high water mark for what could be done with a quality renovation. 

Way back before I had any idea of writing a blog I took photos of both properties while construction was under way. Below is a photo of 513 William Street taken way back in 2006.

The Seller purchased the Pinder Lane property which abutted the William Street house in the rear. The two properties merged into a larger estate type property with the Pinder property becoming a guest and poolside cottage with garage. It too becamse awork of art. Plaine from the street, it swed in person. 

I wish that I could have participated in the sale just for bragging rights. Again, congratulations to everyone involved. This is a true love story. 



Saturday, March 26, 2022

Key West Properties Blog Major Award for Over-Looked Renovation

 

I went to the Key West Citizen this morning to view the local news. They rarely print anything newsworthy. It's mostly fluff and ads. But then I saw an article entitled Group recognizes preservation of historic properties which I read. CLICK HERE I sold two of the properties recognized for Historic Preservation Awards ( 806 Southard Street and 533 Petronia Street). The owners, architects, builders and sub-contractors should be proud of the work they did and the recognition they have received. The author of the article misspelled the name of one of the owners of 533 Petronia Street. Nobody likes that. His name is Scott Burau not Buram. Minor point.

806 Southard Street


533 Petronia Street 

Sadly an equally impressive renovation at 1007 Thomas Street  was over-looked. Well, not exactly over-looked because he owner did not apply for an award. But should have. I wrote about the house in my projects of Key West series. I will share a couple of old and new photos and a link for the interested to readers to view more.

1007 Thomas Street  March 2019

I represented the buyer in the purchase of this property. I remember going inside the house with the buyer's architect Serge Mashtakov PE. The front porch had been enclosed years earlier to create more "living space". There was so much clutter inside that I stayed pretty much in one spot as the architect maneuvered around the place. I remember seeing voodoo dolls and other scary things inside. 


I found the black and white photo of the house after it was updated in the 1950s or 60s. The wrought iron columns were so popular back then. The photo shows us the porch was enclosed thereafter.

Shameless plug for the General Contractor




Look thru the open doors. That is the Key West Lighthouse in the background with all the little people peeping out to the wonders of Key West - wishing they could live here. 

I held an open house the day after I listed it. No adverting. Just my blog and Instagram and a couple of signs. I had 81 visitors and a signed contract in a week. Half the viewers were locals who stopped by to see the house. Every person was in awe. Many commented on how horrible the house was and how odd the former owners were. This was a testament to the design and care fo the owner, architect, and builder.

CLICK HERE to view more photos of  1007 Thomas Street which a lucky buyer closed on this week for $1,640,000. My congratulations to the buyer, the seller, Stan Shaw Construction, Serge Mashtakov PE, CHECK Electric, Greg Oropeza Esq, Richard McChesney Esq. and Laurie McChesney, my broker who helped me while I was on the mend.


 


Thursday, March 24, 2022

Key West Real Estate Throwback No. 44

from February 14, 2018

Strange Love in Key West - A True Story

I always preference my little tales of Key West by telling my Dear Readers that the stories are true as opposed to stuff that comes out of Washington and reality television. You can't make up the truth, and, sometimes, the truth hurts.

A few years ago on the week before Christmas, I was setting up a listing of my office to host a Saturday afternoon open house. I turned on the lights and opened the door to the pool at the rear. I placed my open house signs out in front and prepared to talk to passersby.

I had been sitting on the cute-as-can-be front porch when I noticed the neighbor was hanging Christmas lights on his two story duplex home next door to the east. I walked out to the sidewalk and started a conversation. I looked up and saw what I assumed was his wife on the second floor front porch. They kept doing their respective decorating as he told me about the joys of this Old Town location.

He told me something I had not heard before. He said he lived on the first floor of this home and his wife lived on the second. I thought the arrangement odd. It was not until three years ago that I found another couple who also lived in a two story house who shared their spaces the exact same way.  I know a lot of folks who live together no long share their bedrooms, but living in separate floors was rather odd even for Key West.

All of a sudden and without notice the wife dropped the hammer from her hand. The law of gravity set in.  It fell. And landed on her husband's head.   He screamed. I instantly appreciated why they lived in separate parts of the house.

Now there can be two theories as to what happened either of which is plausible. One is the wife dropping the hammer was totally accidental. I as a witness could testify to that in court. I could have told a judge and jury she was totally innocent.  On the other hand, I could testify she waited until I distracted him from what he was doing and then she dropped the hammer squarely on his head.

I have told friends this story for years. I don't really know her intent.  But I thought it very strange what happened occurred while I was there to watch it. Who knows?



Update:  I repeated this tale yesterday during an office meeting. My broker has the perfect two story duplex for a couple who get along to live near each other but not with each other. The good thing is it does not have a second floor front porch. The bad thing is it has one in the rear.

Wednesday, March 23, 2022

Drama Club


I was in the drama club in the ninth grade. I was fifteen years old. 

Sixty years later I sell houses to rich people. Same thing. 


 

 

Monday, March 21, 2022

Key West Kmart - Another One Bites the Dust!

 

One of my earliest memories after moving to Key West in December 1993 was the day I was standing in the checkout line at Kmart. I spoke to the young lady behind or in front of me. I told her how cute her child was and asked if she lived here. (That's a fair question: we have lots and lots of tourists.)  She said yes to which I replied that her kid was a cute little Conch. She said her husband was in the military and they were leaving as soon as possible She was HORRIFIED at the prospect her child would be a Conch. She hated Key West and everything about it. Okay, Karen. The kid was still cute. Conch or Not Conch.

 

Before it was a Kmart, the building was a Zayre department store. Zayre filled for Bankruptcy in the early 1990s. The facade, signage, and store brand and merchandise changed. The Key West population also changed over the years. Key West has had a stable population base of 25,000 for generations. The populations needs and desires evolved as the base population became more affluent.

Back in 1993 Key West had a Burdines, JC Penny, Sears, and Kmart. Kmart had all kinds of departments including apparel for men, women, and kids, home goods, some limited furniture, sporting goods including fishing gear, home and garden including tropical foliage of all sorts, television and electronics, toys, and a Little Caesars Pizza. You could buy just about anything you wanted. You can do that now with Amazon except for the pizza part.

Kmart was located in the Keys Plaza Shopping Center at 2900 North Roosevelt. The Gulf of Mexico is located across the street to the north separated by a Home Depot and a string of town homes. The shopping center was swamped in 2005 during Hurricane Wilma. All stores flooded. Kmart was never the same. The Albertsons grocery store (previously a Woolco department store) later became a Publix.grocery store. 

I remember going back inside Kmart after Hurricane Wilma flooded the eastern end of the island. I was surprised at how the store changed - they didn't fix anything. The tile floors buckled from being under sea water. Departments disappeared or shrank in the amount of goods offered. It was like shopping in a third world indoor flea market. I only shopped there a few times thereafter. I had a "why bother?" attitude about Kmart and its merchandise. Kmart closed its doors forever in Key West last week. Another one bites the dust!

The Searstown center is located three blocks east of Kmart. SEARS was the anchor store for decades. Like Kmart it had a variety of departments plus furniture, mattresses, tools, and automotive center.Years ago each department had a cashier and sales people for that department. The Key West SEARS had a large and well stocked supply of televisions and major home appliances. A few years the store changed. There were fewer sales people who assisted in various departments (if you could find one).  And there only two checkout counters with people standing in line.  I renumber looking for a Blu-ray player at SEARS where once there were many and then there were none. The TV department had three TV sets. They gave in to Amazon and other internet sales sites. The departments and sales people had vanished. Cost savings measures led to lost business opportunities. SEARS closed its Key West store forever in 2020.

I feel a sense of loss for all the Kmart and SEARS employees except one - that long-haired assistant manager at SEARS who was a little p-word. Years ago I bought one of those behemoth TVs from SEARS plus an extended warranty. When the TV stopped working while under warranty, I took it to SEARS for repair. It was at SEARS for over half a year. When I complained, the assistant manager told me I should have bought a better TV. He was right. I bought one over the internet just like thousands and thousands of other Americans do each year. 

I later found out that the SEARS assistant manager was Karen's husband. They never left Key West and live in the trailer park behind SEARS. They both now work at the DMV.  




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!


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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