1515 17th Terrace - Key West

If you are looking for a really nice recently remodeled home with a huge sunny pool, a large yard, covered off street parking, and located in an upscale and quiet location, you might want to take a look at 1515 17th Terrace. This property is located in the Sunrise Canal neighborhood of Key West. MAP.

I got the opportunity to show this house last week. I was surprised by how large this 1434 sq ft house really is. While the house has only two bedrooms each with private bath, they are located at opposite ends of the house affording the occupants lots of privacy. The house has a large living room and a separate (and even larger) family room overlooking the new pool. The majority of the house has been recently remodeled (just a few minor things need to be completed). Otherwise, it is is move-in condition. The listing Realtor describes the property this way:

"Located in a beautiful residential neighborhood at the corner of Sunrise Dr, this is a 2 bedroom, 2 bath house that has been recently updated. New travertine and tile floors, central air, new kitchen with stainless appliances, and a large in-ground pool, all on an oversized lot (8937 SF). Off street parking and an excellent value!"

Sunrise Drive side of the property

Patio just off the Livingroom (below)

House across street - great block in a great location

1515 17th Terrace is offered at $460,000 or $321 per sq ft. CLICK HERE to checkout the mls listing info and to view some great photos of this property. Below you will find photos of the kitchen, living room, and that great back yard with huge sunny pool. Bring your imagination and green thumb to complete the oasis.

Please call me, Gary Thomas, 305-766-2642 to schedule a showing of this property. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. I'll bet you will find this Sunrise Surprise a great buy.

The Medicine Garden - 800 Amelia Street - Key West

Just what the doctor ordered: The world famous Medicine Garden Home located at 800 Amelia Street in the SoTru area of Old Town. This home is located on Amelia Street at William Street. The rear of St. Mary's Star of the Sea Catholic Church grounds is across the street to the north. The stunning new grand Conch home is located across the street on the corner of Windsor Lane. MAP.

Neighboring new grand Conch House across at corner of William at Amelia

Neighboring house (also new and also Grand) at corner of Windsor Lane at Amelia Street

The property really is world famous. Google it. Or CLICK HERE (at Page 14) to read the simple description contained in "Key West Gardens and Their Stories" by Janis Frawley Holler.

This is how the listing Realtor describes this one of a kind property:

"Short Sale. Key West World Famous Medicine Garden Home. Countless around the globe have meandered through this magical estate. A rare opportunity to own such a serene, historical gem. These lush gardens include secret paths, bridges, koi ponds, fountains, coral formations, ivory flowers, purple amethyst gemstone, night blooming cactus, grotto style heated mineral pool and hot tubs. All beneath the spreading canopy of mahogany & poinciana trees. The home is master hand crafted in old growth primal sunken cypress wood with high ceilings, hardwood floors, granite & volcanic stone countertops from Madagadsgar. An open design overlooking the lush garden setting. Truly a unique property for the unique owner."

The rear two thirds of property are devoted to the pool and gardens

The pool is grotto like

CLICK HERE to view the mls listing page and take the Virtual Tour of this property. The 2292 sq ft house (note the Property Appraiser shows this house as having 1908 sq ft) has five bedrooms, three baths, and lots of living space unlike any you will see elsewhere on the island. The yard is quite large (6909 sq ft pr 49' x 141'). I found a photo of the property taken in 1965 CLICK HERE. The Property Appraiser shows major renovations were done in 2003. So what was of yore ain't no more, for sure.

800 Amelia Street has been on and off the market for quite some time. In December 2005 it was listed at $2,395,000; in May 2007 it was offered at $2,195,000; today it is a short sale and the asking price is just $799,000 or $349 per sq ft.

I agree with the listing Realtor who suggests it will require a unique owner to appreciate a property like this. If you are that person and want to see this property, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

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706 Chapman Lane - Key West

Just listed, but not by me, 706 Chapman Lane at the asking price of $491,000 or $673 per sq ft. Although this listing is "new" to the listing agent, this property has been on the market for some time. I have shown it on numerous occasions. The new agent describes the property this way:

"Ideal vacation or retirement home for the couple who lives for the simple pleasures of Key West! Enjoy your large fenced spacious deck with hot tub and plenty of room to entertain. This home features Off-Street Parking,central a/c, generator, shutters and Dade County Pine. Walk, bike or scooter to all of Old Town."

This place is so very private. The tall white picket fence, dense tropical foliage and trees prevent the casual passer-by from seeing how cute this little house is. The photos above show the street view and the adjacent off-street parking space. Once inside get ready for a big surprise. This place is captivating. The place evokes an old house done-up feeling. By that I mean the old place has been brought forward to today's expectations but not overly done. There are many whimsical features that immediately make you feel at ease.

There are two bedrooms on either side of the front entry. A center hallway takes you to the back one-half of the house. There is a drop down stairway at that point that provides access to a third loft-style bedroom on the second level. This would be a perfect place for little kids or guests that you don't want to stay too long. Kids don't mind neat spaces like that. Adults will get the clue that staying in a hotel may not be such a bad idea.

Second level loft bedroom

The living room and kitchen share the back half of the house. The ceiling is vaulted and the space seems quite large and ever so friendly. One really ingenious feature of the kitchen in the rear "window" which is actually one half of a French door laid on its side. That window swings up to provide a neat pass thru to guests sitting on the other side of the bar with a very nice and large deck. The outside area has a nice awning to provide protection from the sun. CLICK HERE to checkout the mls listing info.




The rear yard is quite large. There is an existing hot tub and I think there is adequate room for a decent size pool.

This property has been used as a vacation rental in the past. Duval Street is just two blocks to the east. Blue Heaven and La Creperie are only a block away. Ft.Zach beach is a few block walk or bike ride. One of these days the City of Key West will get the final plans for the Truman Annex redevelopment completed. That property is just a couple of blocks west of 706 Chapman Lane. I think the redevelopment will bring new life and add a lot of value to homes in this neighborhood.

If you are looking for a small place in Key West that is in move-in condition and don't want to spend more than $500,000, please call me and let's take a look at 706 Champan Lane. Call Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

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The Getaway - Key West

Front of 1415 Olivia Street is hidden behind a bunch of plams and a screened porch

If you Google the term getaway you will find numerous images of Steve McQueen and
Ali McGraw movie posters as well as photos of idealized escape destinations across the globe. The tiny house that was just listed, but not by me, appeared in the mls yesterday I thought it odd. But the price is right, just $265,000, so I decided I must see the little cottage at 1415 Olivia Street in the Meadows Area of Old Town Key West. I went by early this morning and snapped these pics to share with you. The place is so small and so closed off that I immediately thought of it as "The Getaway".

The listing agent describes 1415 Olivia Street like this:

"Quintessential Key West bungalow and the least expensive property for sale in the Meadows. This studio style home has large screened in porches on the front and back and sits on a deep lot. Lots of Dade county pine, vaulted ceiling, and room for a pool."

CLICK HERE to see the mls listing data and listing photos. This place is so small that you might miss it if you sneezed whilst walking from the from the front yard to the back yard. See photo immediately below. What I did notice, however, is that although the place is overgrown today, it has been well maintained. It has new gutters and the siding all looks in great condition. Not what you would expect to see when the yard has not been maintained. This is not a bank owned property.

Above photos show west side of the house with front and rear porches

Big rear yard with room for a pool or expansion of house

While the cottage is small, just 247 sq ft under roof (not including the enclosed front or rear porches, however). The yard is big: 30' x 74' or 2200 sq ft. There is certainly room for a pool or to add onto the existing structure. Maybe a bit of both. The front yard is obscured by ugly trees that do provide privacy but charm of this small home. The 1400 block of Olivia Street has a nice mix of cigar maker cottages to large Conch homes such as the one directly across the street from 1415 Olivia Street- see photo immediately below. Many of the houses on this block have white picket fences and that ever present Key Westy feel with lush greenery everywhere.

Big Conch house directly across street from1415 Olivia Street

1415 Olivia Street is just one block north of Bayview Park where you can walk your dog or play tennis or Frisbee or read (or even write) the great American novel. Shopping, small neighborhood eateries, gyms, yoga studios, and art galleries are all within a couple of minutes walk. You can bike over to the Atlantic Ocean and spend the afternoon at the beach. At night you can stroll over to Duval and cab it back home in the wee hours of the morning.

I may be wrong on this property, but I think it will sell quickly. Again this is not bank owned and it is not a short sale. It is a single family house that is offered at $265,000. If you are looking for an inexpensive Key West Getaway, this may be what you have been looking for. Please call me, Gary Thomas, 305.766.2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

1200 Varela Street - Compound Investment - Key West

Talk about "compound investment", checkout the legal duplex at Varela Street Compound (located at 1200 Varela Street) in the SoTru area of Key West. SoTru is South of Truman.

The listing agent describes this property thus:

"Charming Key West Compound consisting of 7 homes and a shared pool. Completely fenced and very private. Lower unit has large covered deck and upper unit has large covered balcony.Both units are 902 Sq Ft under air w/dishwashers and stack W/D. Upper unit has vaulted ceilings & stained glass transoms. Entrance to compound and duplex off Catherine St. through secured gate."

Entrance to the Compound shown above

Notice the palladium windows in the lower level unit

The photos above show this two story unit that sits at the corners of Catherine at Varela Streets. CLICK MAP The duplex is equally divided into two floors of 902 sq ft each. Each unit has two bedrooms and two baths. The asking price on this short sale property is $550,000 or $305 per sq ft. CLICK HERE to see the mls listing info and to view photos of this unit. Checkout that pool!

This duplex might be the perfect property for a buyer that wants his cake and eat it too. One could rent one unit long term and use the income to help make mortgage payments and save the other unit for extended owner visits. Or a new owner could rent both units.

This compound has historically had a low turnover of units. Most of the other units are owner occupied. The neighborhood has a mix of expensive to moderate priced homes and condos. There are many rentals in the area as well.

Corner of Catherine and Varela Streets in the SoTru area of Key West

The shops and galleries on White Street are just one block to the east. The Atlantic Ocean and beaches are about six blocks to the south and Duval Street is and equal distance to the west.

If you are looking for a place to stash your cash, please call me, Gary Thomas, 305-766-2642. Let's take a look at 1200 Varela Street to see if it will meet your investment needs. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

Key West - July Sales Report

Three of the 18 single family homes that sold in Key West in July were mentioned in my blog. They include 1124 Eaton Street that was on the market for 3 days. It sold for $175,000. It was bank owned. The second house was 812 Johnson Lane. I wrote about it at least twice and showed it many, many times. A cute two bedroom with a pool and a small cottage behind it an doff street parking in front, this was a deal at the sold price of $415,000. I wrote about 1305 Reynolds Street several times as well. It eventually became a short sale and sold for just $600,000. That buyer got a great deal.

Three of the 18 single family homes that sold in June were bank owned properties and three were shown as short sales. The highest priced sale occurred on Shark Key for the house located at 39 Cannon Royal Drive. It sold for $1,625,000 or $542 per sq ft. (The original asking price on this property was $2,475,000.)

By comparison 26 single family homes sold in 2009 of which 2 were bank owned and 9 were shown as short sales.

July 2010 saw a total of 19 condominium and town home sales in Key West. Five of those sales were for bank owned properties and 3 were shown as short sales. Sixteen of the sales were priced below $500,000. The most expensive unit to sell was a Steam Plant unit that went for $1,745,581.

By comparison 19 condos and town homes sold in 2009. Ten of those sales were bank owned and four were short sales.

The mini-estate at 3820 Eagle Avenue went into the mls too late to qualify for a July sale. This 4600 sq ft home sits on a huge 18,000 sq ft lot. Laurie McChesney of Preferred Properties was the listing agent on this home that sold for $2,100,000 and Terri Spottswood represented the buyer. Congratulations to you both!

CLICK HERE to search the real Key West Association of Realtors mls database. If you find a place that interests you, please consider contacting me, Gary Thomas, 305-766-2642 or by email at kw1101v@aol.com). I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

824 Eaton Street - OldTown - Key West

824 Eaton Street (behind the overgrown bougainvillea)

824 Eaton Street nearly fifty years ago - clean lines - simple but sweet

It's on a busy street. It has a distinct odor of dog. It is livable for now. It could be so much more. I am referring to 824 Eaton Street in Old Town Key West. The listing Realtor describes this house this way:

" Here it is! Close to the waterfront, marina, restaurants, art galleries etc. Same owner for the last 36 years. Good floor plan in this 1 & 1/2 story charming home with original dade county pine, virtually untouched, claw foot bath tub, 19 x 25 ft upstairs sleeping loft. Large yard with room for a pool."

I've shown the property a couple of times and I took some photos which you can see CLICK HERE. This place is rented and the current tenants have a couple of dogs. Hence the dog smell. And dog poop on the back deck. And barking. Then there is the locational issue of being located on Eaton Street. This house has no off street parking. The stairway to the upstairs "loft" has no handrails and was, to me, quite dangerous. The place needs a thorough cleaning, painting, and some general fixing. So was I possessed by some demon yesterday, Friday the 13th?

The first time I saw this house I took photos for a potential buyer. The house was new on the market and my potential buyer thought the house looked interesting. The doors were open and other agents were there taking a similar peek. I could see thru the oblivious "flaws" of the house and did not smell the dogs nor did I step in their mess-that day. The second time the smell and poop got to me and to my buyers who did not have the stomach to even consider this place. The house has been on the market since March 31, 2010. It was originally listed at $459,000 but not it is offered at $339,000 or $281 per sq ft. It was briefly under contract, but that deal did not workout for some reason.

I recently sold a nearby house that was a short sale in far better condition and at a lower price. It was also tenant occupied and that tenant also had a pet. But the place was very clean and the house was cared for as if the tenant were the loving owner. An Eaton Street location bothers some buyers, but not all. Many buyers are looking for project houses that have the potential to be something greater in the future. This property is not a short sale so you won't have to wait for months to find out if your offer gets accepted. CLICK HERE to checkout the mls listing information and photos and then read on.

A new owner will likely want to renovate so the current tenants and pet smells will go away. The house will get ripped apart in some fashion and new rooms and spaces will get created. The two things that really attracted me to this house still are attractive: (1) the facade-it is so Key Westy and (2) the backyard-it has so much potential. A good architect and a competent contractor can clean up the problems with this place. The sawtooth addition at the rear could become a spectacular new living area that could be opened up to look onto a new pool and garden. And I am not talking about a cocktail pool.

Imagine a rear wall of French doors opening onto a new garden and pool area!

This property is located little over one block from the Historic Key West Seaport. It is within easy walking distance the numerous neighborhood restaurants like Michael's, Azure, Mangia Mangia. Duval Street is only a five minute walk. This location would work great for a part time owner that wants a place with lots of charm and a convenient location.

If you would like to see 824 Eaton Street, please consider calling 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.

721 Chapman Lane - Bank Owned - Key West

Entrance to Bahama Village Petronia & Duval Streets Key West

721 Chapman Lane built 1906 as it appeared in 1965 (above)

721 Chapman Lane Key West as it appears in 2010

I wrote about 710 Chapman Lane in June 2009. It is located directly across the street from 721 Chapman Lane. That place was a "bargain" if I ever saw one. It was artfully renovated for today's lifestyle. That property was a short sale and the new owner got a terrific deal at the purchase price of $385,000. There are three houses for sale on that block today. One is a short sale (a cute house but a new owner will probably need to do some serious fixing); one is a regular sale and over-priced (have not been inside and probably will not-not at that price); and then there is 721 Chapman Lane. 721 Chapman Lane sold for $900,000 in December 2006. Today it is BANK OWNED and offered for $469,000 or $247 per sq ft.

The listing Realtor describes 721 Chapman Lane thus:

"Old town Key West treasure! Tucked away in Chapman Lane is this quaint, two story bungalow style single family home with private swimming pool. You will not believe the space and layout. Just a few steps from Duval Street and Fort Zachary Taylor beach. Paradise awaits you in the heart of Old Town Key West. Come see it before it's gone!!"

The pool at 721 Chapman looked like this in 2006. Not now!

The original cottage (see black and white photo above) located at 721 Chapman Lane was built in 1906 according to the Monroe County Property Appraiser. The house was enlarged and a pool was added. The house as now configured has large rooms and big spaces. This is not the cottage of yore. This photo CLICK HERE probably best demonstrates how the house grew so large. A new two story addition was added to the back of the old cottage. Downstairs you will find the livingroom complete with black and white checkerboard style floors, a bedroom and bathroom, and a large eat-in kitchen with French doors that open out onto the back deck and pool area. Upstairs you will find two other bedrooms each with private bath. The tub-shower in the master bath looks like something you might find in the International Space Station.

The 1900 sq ft home has 3 bedrooms, two and one-half baths. It sits on a 2646 sq ft lot. There is a white picket fence in front. In my opinion this place needs a serious "fluff" but I did not see any major renovation expense. I do think the master bath is odd, and a new buyer may want to redo it. The color choices and carpet selections throughout the house are a little overwhelming, but the cost to spruce this place up won't be. Most new home owners want to paint and do a bit of cleaning anyway.

Corner of Petronia Street and Chapman Lane

CLICK HERE to see photos I took of the house and the other houses on Chapman Lane. Chapman Lane is located in Bahama Village-one block west of the famous Blue Heaven Restaurant and La Crepere (notice the tourists riding the wrong way on a one-way street. Don't you just love 'em. Not a care in the world.) Many of the neighboring houses have been redone. Chapman Lane runs just one block and is accessed off Petronia and Angela Streets. It's an easy two or three minute walk to Duval Street. The new Key West marina and boardwalk will be a two or three minute walk when it is completed. I believe the new Truman waterfront development will invigorate growth and development in the Bahama Village area as well.

CLICK HERE to review the mls listing info and to view mls listing photos. Better yet, please call me, Gary Thomas, 305.766.2642 to schedule a showing of this old-new house. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.