824 Shavers Lane - Key West

A little over two years ago the little house on the big lot (50' x110' or 5500 sq ft) at 824 Shavers Lane was offered for sale at $735,000. It did not sell. The price was recently reduced to $297,500 which is still $488 per sq ft, but now the price may make the property worth a look-see.

The listing agent describes this property this way:

"An opportunity! Total renovation/demo. Rarely can you build your dream home on a small quiet lane steps off Duval.What a location..steps away from the Hemingway House and the Lighthouse Only five short blocks to the Southernmost Point!Recent appraisal and priced accordingly."

Click the MAP to locate 824 Shavers Lane. You probably have walked near or biked or drove by but never even knew the lane, let alone the house, ever existed. It is a one block long lane that is sandwiched between Duval Street to the east and Whitehead to the west. Olivia Street (the Hemingway House is at the corner of Olivia and Whitehead) provides entry to Shavers Lane from the south and Petronia Street (Bourbon Street Pub near the corner of Duval and Petronia) is at the north. Shavers Lane is narrow and few people go there without a reason. So if you are looking for a secret hideaway, Shavers Lane may be worth considering.

The listing agent suggests the property may be demolished. Renovations normally cost more than new construction so it might make good economic sense to remove the existing structure and build all new. I'm not a builder and I can't and will not cite construction costs. But I do believe it would be economically feasible to buy this property and construct a very nice new home with off street parking for two cars and put in a real pool for less than it would cost to purchase a three bedroom home with a pool and parking on one of the tonier streets in Old Town. (I'm not talking about a million dollar house either.)

CLICK HERE to review the mls listing info. The existing house sits rather close to the street. The lot is very deep and quite wide. I think a new home that sits further back would make better sense than trying to use the existing house and current configuration. Of course using the existing house makes it easy for the new owner not to use current building code setbacks. It may make sense to utilize the existing structure in some portion of the overall design of the revamped property.

I found an old photo of 824 Shavers Lane (old as in 1965 and shown above in black & white). The house looks pretty much the same today. The depth of the lot and the absence of any protected trees that would prohibit building give this property great development potential.

South Beach is a five minute walk (if you can avoid slow moving tourists). La Te Da, the Bourbon Street Pub, the 801 Bar, and The Monkey Bar are all within a five minute walk. Camille's, Santiago's Bodega, and Antonia's Restaurant are also located within five minutes of the front door. CVS Pharmacy and Bobby Shop (that's where I get my hair cut) are within a five minute walk as well. You can ride your bike at Ft Zach Taylor in about seven minutes.

If this property looks like something that may interest you, please call me, Gary Thomas, 305-766-2642 or contact me by email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in sunny Key West, Florida. Let me help you find your place in Paradise.

2327 Harris Street - Key West - Short Sale

Just listed 2327 Harris Avenue in the midtown area of Key West. I don't do many listings, but when I do, I sell them. Usually quickly. We shall see if this APPROVED SHORT SALE is an easy sale.

2327 Harris Avenue was constructed in 1979 and has 1920 sq ft of living space on two floors. The houses sits on a nice 4758 sq ft corner lot at Harris Avenue and Sixth Street. Click on the MAP. The yard is framed with a nice white picket fence in the front and a higher privacy fence on the sides and rear. There is a beautiful 30' x 12' free form pool surrounded by slate tile deck. The front, side and rear yards are nicely landscaped with a variety of tropical foliage.

The house has three normal sized bedrooms on the second floor plus a large master bedroom with en-suite bath (Jacuzzi included). French doors open off the master bedroom to a second floor front balcony that wraps around the house.

The main level has an inviting entry that opens into the large combined great room with adjacent dining and kitchen. There are two sets of French doors at the rear that beckon yo out to the covered patio and the inviting pool. There is a built-in grill off to the side and a hot tub.

CLICK HERE to read the mls data sheet and if you follow me on TWITTER you can see more exterior and interior photos.

Better yet, please call me to schedule a showing of this family home that is priced to sell at $345,000. Remember that bank has approved the sale at $345,000. Don't delay. Call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

Cover Girl - Key West Style

Key West Cover Girl featured in Traditional Home Magazine June-July 2010

I wrote a blog about a Key West cover girl many months ago. That same dame is at it again-big time. She is featured in the June - July 2010 issue of Traditional Home Magazine CLICK HERE.You really must click that link and then double click on each page to see the stunning photos and read the text that describes this chic chick. (Double click and use the back button on each successive page to read the text and appreciate the great photography.)

I remember riding my bike past the eyebrow house on William Street many times. Then one day I noticed that construction workers were there ripping things apart. Later I noticed renovations were in progress. Months passed and the old eyebrow house that had look so much in disrepair looked like it had been on one of those extreme home makeover shows except that it wasn't made over. It was restored with grace. Four years have passed since the redo. And boy does this dame look swell.

But that's not the end of the story, no pun intended. (Read the click.) I just got back from trying to take some present day pics of the front of this lovely home. Today is overcast and a new group of construction workers are finishing up on a new storm sewer project that has been going on for months. Traffic diversions, noise, and nasty cement air has messed up our quiet little town. So the photos I hoped to take did not come out as intended.

Last year the owners of the above home featured in the article in Traditional Home purchased the house directly behind them on Pinder Lane. It got snapped up as soon as it went on the market. So when I went over to take my pics I needed to see what, if anything, had happened to the Pinder Lane house. Voila! To see, you must TWITTER.

I have been told the Pinder Lane property will become the guest cottage for the main house. The pool featured in the magazine story is gone. The backyard is gone for that matter. I can't wait to see the next chapter in what the owners and their very sophisticated designer and architects (and builders, too) create. Stay tuned.

You don't have to be rich and spend a kagillion dollars to have a charming house in Key West. I've seen a lot of very chabby chic houses that rely more on "how to" more than "how much". There are some great little houses and some big ones as well that are for sale. We are in the summer slump even though summer has not officially started. The serious buyers have gone home for season.

CLICK HERE to search the Key West mls database. If you see a property you like, please contact me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. Our office is the exclusive Lower Florida Keys affiliate of Christie's Great Estates. Is there a Key West cover girl in your future?

715 Emma Street - Old Town - Key West

Just listed, but not by me, 715 Emma Street #2, in the Bahama Village area of Old Town Key West. The listing Realtor describes this 1243 sq ft condominium this way:

"Beautiful recently built two story home located in a small community of four homes with a shared pool. This luxurious home has two bedrooms, two and one half baths plus a den and is finished beautifully - gourmet kitchen with Sub-Zero and Viking appliances, Brazilian Cherry hardwood floors, multiple balconies, walk-in-closets, GE Smart home wiring and off-street parking. Located adjacent to Truman Annex and near the proposed new waterfront park this gated compound is surrounded by lush tropical landscaping."

Despite what some readers may think, the number of really nice and affordable townhomes and condominiums is shrinking. This new listing may be one that a serious buyer might want to consider. Only four units were built in this uber-trendy development. The spaces were carefully crafted so that it did not have the cookie-cutter layout so common in most condos. This unit is offered at $599,000.

CLICK HERE to checkout the mls listing info on this property. And if you follow me on TWITTER you can see photos I took of the surrounding properties on this block. If and when the city fathers ever get the final plans approved and actually start construction of the proposed waterfront development a couple of blocks to the west, look for this property to become very much in demand as will be many of the surrounding homes. Until then be content with knowing you can walk around the corner and eat at such lovely places as Santiago's Bodega, Le Creperie, Blue Heaven, Better Than Sex, or any of the other fooderies nearby. The Green Parrot and lots of other watering holes are also nearby. Ft Zach Taylor is a couple of blocks and all of Old Town Key West is within easy walking or biking distance.

If 715 Emma Street looks like it might appeal to you and your budget, please contact me, Gary Thomas, 305-766-2642, to schedule a showing. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

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GLEE Club - Key West

Do you watch GLEE? If you do you know it is okay to be whoever you want to be. You can be the boss of you. You can sing and dance and wear strange clothes. You can be a boy and like other boys. You can be fat and pretty and gifted all at the same time.


There is a lot of GLEE in Key West. It was here before the TV show first aired. It will be here after the show goes off the air. If you have dreamed of owning a small nightspot in Key West where you can let your inner-glee out, you may want to take a look at the new listing at 1114 Duval Street. The listing Realtor describes the property this way:

"The Keys, a Piano Bar, now available. Currently operated as a piano bar with light food service. 5COP liquor license with lease hold to convey. All equipment included, business sold turn key. Continue operations as is or develop into full service restaurant. Lease to convey expires July, 2013 with 5 year option to renew. Extensive improvements made to property within past year. Please do not disturb business. Leasehold and liquor license only, no real estate to convey."

Some readers may remember the space when it was Alice's on Duval. If you have been there under any of its incarnations you will recall that the corner building has large windows that open onto Duval Street to let the music out and the fresh air in. Patrons can watch thousands parade by each evening. The world famous La Te Da is right across the street.

CLICK HERE to see the mls listing info and agent provided interior photos. I took some street shots. You can see those pics if you follow me on TWITTER.

Seriously, if you have been thinking about fulfilling a lifelong dream of opening a small place in Key West that is either food or food and beverage oriented, you may want to consider taking a look at this business opportunity that includes ownership of a very valuable 5 COP Liquor License. This is a listing of Preferred Properties Coastal Realty, Inc. (That's where I work.)

If you would like more info on this property please call me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Let your inner GLEE out!

May 2010 Key West Real Estate Sale Report

The Key West Association of Realtors sent out the May Real Estate Sales Report yesterday. It confirms what I have been citing anecdotally about real estate sales increasing in the numbers of units sold and in the sales price appreciation since 2009. CLICK HERE to review the May Sales Reports for the Key West area only.

I won't bore you to tears with what sold but you can CLICK HERE to see the single family home sales for Key West during May. My search varies a bit from that of the Key West Association of Realtors . Mine shows that there were 19 single family home sales in Key West during May. Three were noted by the listing agent as short sales and four were bank owned properties. The average price per sq ft was $388. This marks a little improvement over the same time in 2009 when there were 15 sales four of which were bank owned houses and three were shown as short sales. (One of the flaws of our mls system is that some agents (or their sellers) do not want to show that a short sale actually occurred. )

There were 18 townhome and condominium sales during May 2010. Three of the sale weRe bank owned properties and six were shown as short sales. The average price per sq ft was $365 during May 2010. Compare that with 2009 sales figures which showed 14 total sales of which 8 were bank owned condos/townhomes and 3 short sales that had an average sales price of $251 per sq ft. That is a price increase of 68% over the same time last year. Compare also the number of bank owned units was down to 3 in 2010 as opposed to 8 in 2009. Don't tell me that bank sales don't depress the market. They brutalize it. CLICK HERE to see what sold in May 2010.

Despite what some naysayers say, the real estate market in Key West is on the rise once again. We have a small island with a limited supply of homes and condos. The State of Florida has imposed a very restrictive policy on new housing construction. As the "oversupply" of available houses (condos and townhomes) diminish, the prices on well located properties in good condition should increase. If you have been waiting for prices to go lower, you may be disappointed to see that prices are going up instead.

I took the photo at the top of today's blog a couple of weeks ago. I was driving home from Winn Dixie when I saw the BBQ Pampered Pet sign and screamed in delight. I had to turn around and go back to take a pic. CLICK HERE to see the rest of the sign. You already knew we don't eat our pets in Key West. Didn't you?

If you are looking to purchase a second home in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc.

1215 Duncan Street - Key West Sale - Duplex

It sometimes amazes me how fast some of my readers find new deals or resurrected deals. Do any of you actually work at your day jobs? For those that were away last week heading for a needed break, the short sale at 1215 Duncan Street just got re-activated after the longtime buyer decided to walk away. This property had been under contract for over 13 months and was theoretically awaiting lender approval of the deal struck between the seller and that buyer. The approval did not get declined; it just didn't do much of anything. The buyer backed out and the seller is still looking for a buyer.

The listing Realtor (my oldest friend in Key West, in fact my Realtor when I spent years trying to find the best deal) says this about 1215 Duncan Street:

"CBS Duplex on the corner of Duncan and Georgia St. in the Bayview Park area. Both units are one bedroom. The Georgia St. unit was remodeled several years ago with new kitchen, bath, tile floors and it opens from the living and bedroom to a private patio. The other unit has Cuban tile floors, and recently installed windows."

CLICK HERE to read the mls data sheet and see the accompanying listing photos. The facts are fairly simple: The duplex was built in 1963 and is of CBS (concrete block construction). It is solid. The owner redid the rear unit and removed the existing ceiling and vaulted the space. The kitchen was redone and an interior wall was removed which made the entire area more relevant to today's lifestyle. The bedroom got sexed up a bit as did the bath. The entire space would make a very comfortable owner's unit IMO.

Rear deck area provides wonderful outdoor living area

The front unit has lots of charm and space for an equally charming outdoor deck

The front unit is still pretty much today as it was when built. The Cuban tile floors hearken to a different time but that is among the charming features of this place. The rooms look like rooms with traditional ceilings and floor plan. One could do a w0w-wee renovation on this side, I guess. But I don't know that would generate that much more in actual rental income. But some fresh paint and a few tricks from one of those HGTV how to shows might add a couple of hundred dollars to the monthly rental. And that would be a good thing.

If you follow me on TWITTER you can see a bunch of photos I took of this property last week. I have two different buyer scenarios for this property. One, is for the dreamer who wants a place he or she or they can use during season and also have steady income to help defray the cost of ownership. My approach is simple. Live in the rear unit when you are in Key West and rent the front unit year round. The front should get $1200 per month as it sits and could get another $100 to $200 with some dolling up. The second scenario is even more simple and that is to treat this property like any other investment property in Key West: rent both sides long term.

1215 Duncan Street (MAP) is offered at $399,000 or $380 per sq ft for this 1050 sq ft duplex that sits on a comfortable 3086 sq ft corner lot in the Arts District just one block east of White Street. A white picket fence separates the property from the street. This must have previously been a showcase. It looks very nice now but it is also a bit neglected. The bones are there and the existing trees are just beautiful. There is a maturing Jacaranda tree located on the Duncan Street side. I was taking some buyers down Duncan a couple of weeks ago (before this property was reactivated) and my heart just popped when I saw the Jacaranda in full bloom. Then I looked a block ahead and saw a Royal Poinciana Tree also in full bloom. My God that was a beautiful sight. Is somebody is looking for an ideal location, this might just be the place.


If you would like to see 1215 Duncan Street please call me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Let me help you find your place in Paradise.

1130 Royal Street - Bank Owned - Old Town -Key West

This seems like deja vu all over again. Actually, I reported on 1130 Royal Street over a year ago. There was a flurry of activity and it went under contract right away. I had a buyer that submitted a higher than asking price offer and he did not get the property. Neither did anybody else. Apparently there was a problem in the previous foreclosure and that prevented the bank owner from selling the property to anyone.

1130 Royal Street has just been put back on the market, still bank owned, and now offered for sale at $325,000 or $433 per sq ft for this two bedroom (one bath) house located on a corner lot one block south of St Mary's Catholic Church at the T-intersection of Windsor Lane, Amelia Street, and Royal Street. MAP.

This is how the listing Realtor describes this property:
"This cute 2 bedroom and 1 bath cottage has a large deck and a great Old Town location. Home is walking distance to dining, art galleries and shopping."

I showed this house about 5 times during the few days it was for sale a year ago. Each time there were other people stopping and looking. CLICK HERE to checkout the mls listing data and to view photos of this property.

If you are looking for an affordable single family house in Old Town Key West, this just may what you have been looking for. The house directly across the street to the north CLICK HERE is one of the prettiest newer houses in Key West. And the neighbor across the street CLICK HERE is just as pretty but not quiet as large. There is a mix of big expensive houses like the two mentioned and an equal number of small homes like 1130 Royal Street. 1130 Royal Street has the white picket fence and room for both a pool and off street parking. It is within easy walking distance to Duval Street as well as the shops and restaurants on nearby Truman Avenue.

I don't know if the listing agent will be working this Memorial Day Weekend (or if the bank asset manager will be as well). But I'm available and ready to help you make your offer on this bank owned single family house in Old Town Key West. Beat the crowd that took off from work to get the extra long weekend and make your offer on this nice little house with a lot of potential.

Please call me, Gary Thomas, 305-766-2642 or email me at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

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1800 Atlantic Condominium Penthouse Short Sale

The interior courtyard and gardens are a wonderful surprise!

Five years ago I was the listing agent that sold 1800 Atlantic Unit C-435. It sold for $950,000. I was saddened to see that it is now offered for sale as a Short Sale at the current asking price of $525,000. This is how the present listing agent describes this unit:

"Everything that you could want in Key West! Located on Smather's Beach, this purchase opportunity offers a fantastic view of the Atlantic Ocean from the top floor of one of the premier condo communities in Key West. What makes this property special is income potential from a full transient rental license, allowing for unlimited vacation rentals, that is included in the sale. This 2 BR & 2 BA, 1357 sq. ft. penthouse unit has seen substantial improvements with a spectacular custom kitchen. As a penthouse unit, the main living area and the guest bedroom feature vaulted ceilings. Community amenities include a beach side heated pool, hot tub, saunas, 3 lighted tennis courts, 24 hour security & covered parking in a tropical resort setting."

This unit is located on the top floor and is the fifth unit back from the Atlantic Ocean on the Smathers' Beach side of the complex. For those of you who like to have something interesting to watch, this is the view for you. The ceilings are vaulted and provide a dramatic relief to the normal ceiling heights on floors one, two, and three. The greater volume in the unit just makes it seem larger than it is, but it still is quite large-1357 sq ft to be exact.

The large newer kitchen has a small dining area plus a kitchen island with separate bar area. There is plenty of cabinet space and counter top food preparation area. The spacious living and dining area are combined. Both bedrooms are quite large and the master bath is extra large. The living room and each bedroom have direct access to the extra large balcony that runs the length of the unit. Imagine having breakfast and dining watching the Key West early morning skies and sunsets from your penthouse deck.

Each unit has covered under-building parking plus a separate storage area. One of the two building elevators is located just steps away from this unit so it will be easy for you and your guests to transport bags, groceries, and cocktail makings with ease.

1800 Atlantic Condominium Unit C 435 is offered at the asking price of $550,000 or $387 per sq ft. Remember this unit has a valuable transient license which means you can rent it nightly every day of the year. CLICK HERE to read more information about this listing and to view more photos.

If you would like to see this unit or any other property offered for sale in Key West please call me, Gary Thomas, 305-766-2642 or email me at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty, Inc, in Key West, Florida. Let me help you find your place in Paradise.

You Just Gotta See 1106 Packer - Key West

It's been 26 years since my first trip to Key West. Back then I would just marvel at some of the "Key Westy" houses. These were places the gays and left over hippies bought and redid on a shoestring and a lot of imagination. They were testaments to thrift, ingenuity, and art, but not necessarily in that order. As the lore of Key West became the lure of Key West and the masses started to come here to see what the fuss was all about, more people started to buy up the old houses and redo them except for many "shoestring" budgets were replaced by gobs and wads of moola, and, unfortunately, many redos lacked ingenuity and certainly were not artistic.

A couple of days ago I got the chance to see an absolute Key West Original that just rocks. It is located at 1106 Packer Street on the South of Truman area of Old Town Key West. The listing Realtor (from Preferred Properties) describes his listing this way:

"Naturally beautiful home with two bedrooms and two full baths down. Upstairs are additional guest quarters with an adjoining artist's studio loft. An extra-high front fence provides great privacy, hiding a wonderful, inviting front porch. There is ample off-street parking on two sides of the property. High ceilings and an open floor plan provide a natural indoor outdoor flow to porches and a private pool with tropical gardens. A romantic master suite with charming bath has multiple French doors leading out to a totally unique free-formed swimming pool with coral rock waterfall. There are many architectural and artistic surprises in every corner of this property. Come for a visit and you will want to stay for a lifetime!"

Looks can be deceiving. Oh the facade at 1106 Packer Street is very pleasant to look at, but you have absolutely no idea how wonderful the inside is. There is nothing normal or expected here. But everything here is terribly irresistible. This 1789 sq ft home has 3 bedrooms and 2 bathrooms (that's what the mls listing says). And it sits on a 4000 sq ft (40' x 100') lot. When you enter the front door you step0 into the livingroom that has an unexpectedly high vaulted ceiling. Your eyes are immediately drawn to the rear of the past the ingenious kitchen and dinging area where the pool and garden beckon you. But getting there is pretty difficult because every square foot of the space has something so interesting to see, that you can't just breeze through.

If you watch all of those HGTV shows that tell you the heart of any home is the kitchen, well, it's true, at least here. The kitchen and dinging area sit midway between the front and rear. It's as if the house and yard are flipped upward and the livingroom is the feet and legs, the trunk of the house if you will. The pool and garden are at the top and are more like the head or cerebral area of the house where all of the important thinking and pleasure thoughts are created. The kitchen and dinging sit in the middle and this is the area that literally feeds the body and makes it content. On the Food Network they teach us that the way food looks makes us want to eat it. Well, this kitchen is so original it wins the Iron Chef competition for being spot on.



If you follow me on TWITTER you can see the photos I took of this home. And if you CLICK HERE you can read the mls listing info and see more photos for 1106 Packer Street.

Better than clicking, why don't you call me, Gary Thomas, 305-766-2642, and let's set up a showing of this really great home. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. 1106 Packer Street is offered at $785,500. You just gotta see it!

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