Recent "SOLDS" in Key West

A few weeks ago a reader asked if I ever report on houses that I wrote about which sold. I replied back that I usually do a years-end recap. We are near the end of our spring selling season so now is just as good a time as any to report on what sold since January 1st.

Click on any blue linked address to read the blog I wrote about the specific property. Compare what I wrote then to what the property sold for. 

1230 5th Avenue was a real bank owned "fixer".  The place had its share of problems because of what looked like un-permitted home owner remodels gone bad.  The house was initially listed at $340,000 and was reduced to $199,900 when it finally went under contract. The property sold at $207,000 or $7,100 over asking price.

I wrote about the Sunrise at Seaside Short Sale in May 2011. The initial asking price was $278,000 but the unit sold for just $215,000. That price included a transient rental license and all furnishings.

419 United Street #2 was a two bedroom condo in a large old Key West home that had been converted into four condos. The asking price on this short sale was just $299,000. The buyer ended up paying only $235,000 for the unit which has its own private swimming pool - not part of the common area. Great deal for the buyer who hung on and on and on.

Coincidentally the same agent who listed 419 United Street also listed 1133 Von Phister which I wrote about a couple of years ago. This 'condo' was carved out of a larger house with huge grounds that were sold separately during the housing boom. This little unit sold for $750,000 back then but was re-sold as a short sale for just $240,000. That's an incredible price for a small house in the Casa Marina area. This is one lucky buyer.

I wrote about the quite large bank owned 'fixer' at 1017 17th Street in July 2011. It was offered at $359,000 at that time. It eventually sold at $281,000.

The just darling little cottage at 1118 Olivia Street is part of the Lionsgate Condominiums. It is a stand alone house in the exclusive little development. It was listed at $365,000 and sold in eight days for $352,500.

Speaking of cute, the cute little two bedroom home at 1216 Knowles Lane was listed at $399,000 and sold five days later for $390,000. The Old Town location and quite little lane attracted many buyers at the outset of the season.

There is one house I did not write about, but was tempted to do so. It was on Realtor caravan several months ago. The listing agent was a dear friend of mine at Prudential. Perhaps forty agents went inside this particular house and within a few seconds had flashbacks to our college days. The aroma of weed permeated that air - almost as thick as the smell of burning brush along the Florida Turnpike. That little peace of paradise eventually sold. Congrats to my friend who stuck with this property.

I wrote about the property at 846 Olivia Street a couple of times. It was originally offered at $529,000. The location across the street from the Key West cemetery spooked a lot of potential buyers. That cemetery has always suppressed prices. It's a shame because the cemetery provides a quite environment at night, and during the daytime the open spaces provide abundant light that is often missing in many parts of Old Town. The house sold at he end of February for $410,000. Quite a bargain.

I wrote about 1025 Thompson Lane several times. It was originally priced at $525,000 and went through several price reductions. The really charming home sold for $435,000. That is less than the cost of a condo at Shipyard. The house is adorable. Somebody got a great deal.

215 Golf Club Drive was a bank owned property originally listed at $478,900. When the asking price was reduced to $464,900 several offers were made which resulted in a best and final bidding situation. The house sold for $465,000. That was another great buy.

Old Town lovers will remember the charming house at 2 Hunts Lane that was offered at $489,000. This little gem sold at $470,000 or $480 per sq ft.

Meadows lovers may recall the super cute two bedroom/two bath home with a pool (but no parking) at 1311 Newton Street. I showed this lovely home several times. I really liked it. It sold for $474,150. or $605 per sq ft.

 

I wrote about the Rose Tattoo House at 1421 Duncan Street a couple of times over the past few years. It was the site where the famous movie of the same name was filmed. Tennessee Williams, the playwright, lived next door at 1421 Duncan (see photo above) and watched filming.  The house was listed at $615,000 and sold for $530,000.

The cute little cottage at 1123 Von Phister Street is located just a couple of doors from where I lived.  It was listed for sale at $595,000 and sold at $540,000. It was purchased by the owner of the larger house next door and will be used as a guest cottage. This house sold at $632 per sq ft. What a deal! 

Then there was the super clean and ultra-neat two bedroom/two bath two story townhome located at 1005B United Street. Listed at $589,000 this place sold for $540,000. It had a beautiful new kitchen and gracious decorating throughout. It set the stage for two other sales of similar units located nearby but neither of which compared to the interior features of this place. This buyer won!

627 Southard Street was a bank owned property from hell. The property was listed at $399,900 on April 3rd and went under contract on April 10th. It sold for $560,000. I heard there were ten offers submitted. I submitted an all cash offer of $555,000 for a buyer.  Workers are at the property now demolishing much of the interior to make way for new renovations. This property has a great Old Town location. The building was the scene of intolerable cruelty to animals. It's really troublesome that a city that will not let a homeowner cut down a tree or paint a house an odd color of blue would sit back and do nothing to protect helpless little animals.

1104 Angela Street appeared in my blog several times. It is a really nice little two bedroom/two bath home with a pool and parking. It was listed at $619,000 and sold at $575,000 or $434 per sq ft. I think the new owner got a great little house for the money.

Speaking of great little houses, the so charming home at 811 Carey Lane was listed at $589,000 and sold for $580,000. This place has a cool, laid back style that I just loved. It did not have a pool and one of the bedrooms was a bit smallish. Those are both things that could be changed. The location is terrific.

I got a phone call this past weekend from a reader who asked about 1319 Newton Street. He read about the house in my blog and looked at it with another agent. (I hate that.) He asked how much it sold for. Asked: $595,000. Sold: $586,000. No pool or parking, but this was and is one of the prettiest little houses in Key West. By the way, the caller is now looking again and this time he wants me to show him houses.

6 Havana Lane was a "steal". I really liked this house. It had everything potential buyers wanted except a prime location. The lane is just off Truman Avenue and some buyers pooh-poohed it. They missed the point. This house has two (or three) bedrooms, a pool, and off street parking. The inside of the house is as cute as can be. The exterior is really quite charming and the grounds are seductive. It is located  the same distance from Duval as houses that cost twice as much. This house was listed at $625,000 and sold for $600,000 or $588 per sq ft. Great buy!

811 Washington #103 was a short sale of a recently built three story 3 bed/ 3.5 bath townhome with private pool, Viking kitchen, and superior construction and features throughout. The house listed and sold at $655,000 or $292 per sq ft. All this and a superior Casa Marina area location to boot. Congratulations!

920 Cornish Lane is another Key West storybook cottage success story. This lovely little home was offered at $735,000 and sold for $705,000 or $714 per sq ft. Remember this place had no pool nor parking. Quite a high price for a great little property.

204-1 Southard Street appeared in my blog as well. It is a lovely two story three bedroom end unit with 1100 sq ft of living space and an enviable on the park location in Shipyard. This house was offered at $$795,000 and sold at $742 or $674 per sq ft. Prices are on the rise in Shipyard.

La Casa Roja at 1403 Catherine Street went under contract in just one day and sold at the asking price of $750,000. This has got to be one of the sweetest homes in Key West. I heard the home inspector said he had never seen a house in such good a condition or that had such superior construction in all the time he had been a contractor or home inspector.

815 Sawyers Lane was listed just before Christmas in 2011 at $829,000.It sold for $775,000. The eyebrow house is located on a storybook lane near the Key West seaport.The house had 2 or 3 bedrooms, 2 baths, a pool, and off street parking.

I showed the grand old house at 1114 Fleming Street several times over the past year. I really loved the old school character of this property. Various features of the house showed the age of the place including some extra wide old growth wood, window panes that rippled with age, and simple design elements that new homes no longer use. This place is a Key West charmer! It sold at $980,000 down from the original $1,450,000.

628 William Street appeared in my blog a several times over the past few years. It was offered at $$.039,000 and sold for $995,000. The home had 2 or 3 bedrooms, 2 baths, a pool and off street parking. And it is located on one of the very best blocks in Old Town. This buyer got a great buy.

 1320 Reynolds Street appeared in my blog on March 7th, just days after being listed for $2,200,000. The asking price on this Casa Marina contemporary went under contract a couple of weeks later and closed on May 29th at $1,950,000.


If you are thinking of buying a home in Key West please consider working with me, Gary Thomas. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Contact me at 305-766-2642 or by email at kw1101v@aol.comkw1101v@aol.com. Let me help you find your home in Paradise.

718 Olivia Street - Old Town - Key West

718 Olivia Street is a must see for the buyer who seeks a great Old Town location where  he or she can restore and probably expand a great Conch house and create tropical gardens, add a pool, and off street parking on the over-sized rear lot that is a rarity in Key West.  The listing Realtor describes this property thus:

"A grande historic house built between 1899 and 1912. 5 bedrooms. 2 bathrooms. Large LR, DR and kitchen. Beautiful hardwood floors. High ceilings and 23 large windows create a steady flow of light and air. 9401 sqft lot with BIG 5525 sqft back yard. Build pool, pool house, garage, gardens. Easy walk or pedal to anywhere in Old Town."

I found the above black and white photo taken of this property in the 1960s by the Monroe County Tax Appraiser. The Monroe County Appraiser notes that this house was built in the 1920s on one website and in 1938 on another. It's old either date. But the character of this old house still shines through. A huge Royal Poinciana tree dominates the front yard today. The front porch today still has the same wrought iron posts as shown in the 1960s vintage photo as well as the jalousie windows and the concrete block front fence.



I think this house would make for a stunning renovation project. First I would replace the dated jalousie windows the approved wood windows on the first and second floors. I would open the ceiling in the second floor front bedroom to incorporate the cupola fully into that space. I would seek permission to remove the wrought iron front porch and replace with period appropriate wood.

View from front door looking toward Olivia Street

Front porch  suggestion: remove wrought iron and replace with wood

First floor front suggestion: seek permission to add center window for bay affect

Second floor bedroom suggestion: vault the cupola and ceiling for dramatic affect

Other interiors: remove and/or  update the additions from prior decades

This home has worked just fine for the present family for decades. Now it may be time to rethink some of what worked well before and to recreate spaces that work for the way we live our lives today-especially the way we live them in Key West.  That might include moving the formal and informal living areas to the rear. I'd suggest creating converting the second floor to a single master suite.

The rear half of the property is gigantic. There is room for a guest cottage, a very large pool, off street parking, and tropical gardens. That is 'gardens' as in plural. The  space is enormous.  A buyer with a green thumb will go bananas over this space.



CLICK HERE to view the Key West mls datasheet and current mls photos of this home. You will note that the listing states this house has 1538 sq ft of living space. The property site is much larger than it looks in the photos. The front parcel where the house is located occupies only about 2600 sq ft of the entire 9401 sq ft lot. The remaining lot is located at west rear of the front parcel. That is the space where you would put in a pool and guest quarters.The listing agents advises that the seller and adjacent property owner will execute an easement to permit ingress and egress to the rear lot once a sales contract is in place.

 I'd redo the back of the house to provide view of the pool and gardens. There is abundant space to add covered outdoor living area as well.

 The photos do not do this space justice. I was overwhelmed by the size of this undeveloped lot. There are no protected trees or structures that would create impediments to doing something very creative with the space. You would only be limited by your imagination and budge. The good thing about Key West is that small plants and trees grow quickly so you can still grow a wonderful garden even on a limited budge.

CLICK MAP to help locate 718 Olivia Street. If you click the STREET VIEW you will see a mix of old cigar maker cottages, gentrified cottages, and the house next door CLICK HERE which is one of the prettiest homes on the Island of Key West. Duval Street is a four to five minute walk to the west on Olivia Street. Seven Fish Restaurant in only one block away. A small neighborhood convenience store is one block to the east. Olivia Street is a one way street that goes east. I don't recall having ever seen a Conch Train or Trolley car on this portion of Olivia. A lot of the neighbors have lived in the nearby houses for decades. This area really is a Key West neighborhood.

If you are looking for a renovation project in the Old Town Key West area this may be the house you have been searching for. The house certainly has street appeal and the yard space is just huge. Creating a viable plan for the property as a whole is the key to making a project like this work. We have lots of great local architects such as Matthew Stratton, Tom Pope, or Bert Bender that could help a buyer develop a winning concept for this one of a kind property.
Please call me, Gary Thomas, 305-766-2642, to schedule a view of this property. I am a full time Realtor at Preferred Properties Key West in Key West, Florida.

51 Spoonbill Way - Key West Golf Club - Bank Owned

Scott Forman at Key West Royal Palms just listed a Bank Owned three bedroom, two and one-half bath at 51 Spoonbill Way in the Key West Golf Club Community for $306,900 or $232 per sq ft for this 1320 sq ft townhome.

51 Spoonbill Way is set off in the park-like setting with a huge front lawn and large trees that give this home an extra special visage that most of the other homes in the community simply do not have. The unit is one of two in the building, both of which look in very condition on the outside. We have had a nasty two years of white fly infestation and those critters have left their mess on many houses and trees in Key West. This house needs a good power washing to get rid of the white fly residue but otherwise, it looks pretty good to me.

The house has a welcoming front porch where you can sit and watch the kids play on the front lawn.  There is a second floor balcony off the guest (second) bedroom. The view up there is pretty nifty.  The back of the house has first and second floor porches as well.

The inside of the home is in very good condition. The floors are nicely tiled which ought to work with any decor. The walls, fixtures, cabinets all look in very good condition. That will make it easier for a new homeowner on a budget to move in and not have to 'fix' a lot of little things. I did notice that the refrigerator is missing. And the listing Realtor advises the air conditioner is AWOL. But the range, dishwasher, and washer and dryer are all in place.

This home is set up like just about every other home at the Golf Course with the kitchen up front and dining and living at the rear. The third bedroom (or den/office) is located off the kitchen. And there is a full bath on this level as well.

The master bedroom is located on the second floor. It has a balcony which overlooks a sparsely wooded section. The fairway is locate about 40 feet away from the house. The master bedroom has an en suite bath. The second bedroom, also with en suite bath, is located at the front. It too has a balcony with an absolutely beautiful view. (Your guests will never leave!)

Master Bedroom

Rear Balcony off Master Bedroom

The front yard and back yard of this unit are rather small which means you won't be doing a lot of gardening or paying for someone to tend your yard as muc as some owners must do But the views up front compensate for those who want a great view. This place is pretty special.

And the larger of two community pools is located about three minutes from the house (just across the street and down a cul de sac). There is a fitness center there as well. No charge to stay fit.

CLICK HERE to view the Key West mls datasheet. Monthly hoa fees are $333 and include cable, common area maintenance, security, pool maintenance, and management. The common areas are beautifully maintained. The pools are sparkling clear and the security gate has always been manned whenever I drive there.

I took a lot of photos of this unit which you can see in slide show format if you CLICK HERE.  Better yet, please call me, Gary Thomas, 305-766-2642, to arrange a showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West.  This is a lot of house for not a lot of money.

407-409 Petronia Street - Short Sale - Key West

 
What could be more fun than to tell your family and friends that you own a place located next door to Better Than Sex in Old Town Key West? If you buy the Short Sale listing at 407-409 Petronia Street, you could do just that.

409 Petronia Street - Old Town - Key West

 The Conch Cottage is just 761 sq ft of living space which includes two bedrooms and one bath. The living area and kitchen are one large room which opens out to the deck and pool beyond. The entire cottage has vaulted ceilings reaching 13 feet. The interior spaces are open and seem larger than the square footage might suggest. The front of the property has a gated white picket fence. The front is used for off street parking which is a rarity in this particular area.

 The rear of the property is quite unlike almost any property I have seen in Old Town. A huge sunny pool dominates the space. But that's not the reason the rear is so impressive: it is the size of the rear and the potential it might offer. The listing shows the lot size as 6,229 sq ft, a considerable portion of which extends on the rear side of the Better Than Sex parcel. Most, but not all, of the rear grounds are covered with brick pavers. The balance of the grounds are landscaped with tropical foliage.

 

CLICK HERE to read the complete Key West mls datasheet and to view listing photos on 409 Petronia Street, Key West, Florida.  This property has been successfully rented as a transient rental for several years. 409 Petronia Street is now offered as a Short Sale at the asking price of $640,000.

If you would like to see this property or any other property in Key West, please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Key West.