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Wednesday, August 25, 2010

1411 Petronia Street - Old Town - Key West




Notice the sweet second level front porch located off Master Bedroom


Sawtooth addition behind the original Eyebrow house

Inviting Old Fashioned Front Porch Perfect for Sitting or Doing Nothing

The Eyebrow House at 1411 Petronia Street is now offered for just $400,000. This is a short sale. The lender recently approved the price and the buyer decided not to buy. I know this house fairly well. I think this is a great price for a house in Old Town with a pool.

The listing Realtor describes the property this way:
"New price of $400,000 is firm. Renovated 3 bedroom (as per Monroe Co. and Realist tax records), 2 full bath historic eyebrow house in The Meadows. Original Dade County pine floors, walls and ceilings throughout the house. There is a new pool with landscaping and decking in the large yard, which is totally fenced for privacy. This is a potential Short Sale that may be subject to third party approval."
In my opinion the present layout of the rooms is not as efficient as it could. One bedroom is fairly small, one is in an odd location, and the third bedroom is located just fine on the second floor. (It has a really cute front porch of the second floor bedroom.) The living room is nice and large but the kitchen is small. The kitchen and the downstairs bath are on the north side of the house. The deck and pool are located just north of the kitchen and bathroom so there are no inside views of the pool or garden. Some new owner might want to move things around a bit. But things have "worked" okay for previous owners.

I included a couple of photos of Petronia Street. This is a nice and quite street just a couple of blocks east of White Street. Duval Street and Bayview Park are within walking distance although Duval is further away.

The opposite side of Petronia Street

1400 block of Petronia Street

The large pool, tropical foliage, and great location (coupled with the price of just $400,000) make this house a great buy at that price. This house ought to sell within a few days now that the price has hit rock bottom. Take advantage of this great deal today.

CLICK HERE to checkout the mls listing information on this property and to view photos 0f 1411 Petronia. For comparison purposes I created a list of other houses for sale in Key West priced at or under $400,000. CLICK HERE to compare 1411 Petronia Street with those houses. Better yet, please call 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.

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.

Tuesday, August 24, 2010

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.


Monday, August 23, 2010

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.



Thursday, August 19, 2010

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.

Wednesday, August 18, 2010

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.

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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