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Saturday, July 11, 2015

1414 Angela Street, Key West - Meadows Area Hidden Charmer

I have often written about the charm of living on one of the slow lanes in Key West where there is little to if any traffic, cute cottage homes, and peaceful surroundings as contrasted to the hullabaloo associated with Duval Street.  There are a few streets which provide the same type of serene environment. The New Listing at 1414 Angela Street, located in the Meadows Area of Key West, is one of them.
The house is tucked behind a thicket of lush tropical foliage and six foot white picket fence. A trestle with two large gates open onto the bricked pathway which leads to the covered front entry. The entry is unexpectedly refined and decidedly sophisticated. Note the IPE deck wood planks set juxtaposed to the bright white columns and gabled roof. The covered porch also serves as an outdoor sitting area off the first floor master suite which has two sets of French doors. A single door opens into the great room.
There is a little nook-like passageway just off the great room which leads to the first floor master suite. The current owner has a piano in the area so it's not exactly a tiny space. It does provide a comfortable transition to the other areas of the house which include the first floor powder room and  stairway to the second floor bedrooms,
The master suite has it all: a large bedroom area with sitting area, built-in shelving, recessed lighting, crown molding, TV recessed into the wall, a private office, large bath with a shower large enough for two to tango, and a huge walk-in closet with lots of built in cabinetry. A new owner won't have to donate years of clothes to charity if you move into this abode.
There are two good sized guest bedrooms on the second floor. The rooms exude a softness with the cream colored walls, crisp white trim, and pine floors. The chocolate colored doors and trim add a dash of pizazz.  CLICK HERE to view more photos I took of this home.
It's summer now, and people reading today's blog are probably experiencing nice weather in most parts of the country. We get to experience nice weather almost every day of the year in Key West. In the wintertime the French doors at this home would likely be opened throughout much of the day. There would be a gentle flow between the great room to the great outdoors - a seamless transition from sophisticated interiors to the paradisaical outdoors.

Readers of my blog tell me they like to see old photos I find in my shoebox. You're in luck here because I found a photo of the house that was taken in 1965 before any renovations were ever contemplated and also an aerial photo that was taken of the area back in the 1920s - about 90 some years ago.  I added an arrow to the aerial photo which shows where the house is located. Back then the large area above was the Army parade grounds. The old barracks can be seen a the top of the field. If you look at the bottom of the aerial photo you'll see North Beach which has some small boats at water's edge. Sadly, that beach got "developed": it was filled in and condominiums built there. Most of the houses in the area remain, however. And many of the houses have restored. 1414 Angela Street is one of them. They did a pretty damned good job on this one!
1414 Angela Street is offered for sale at $1,529,000. It is a 1531 sq ft three bedroom, two and one-half bath home situated on a lush 4951 sq ft lot. CLICK HERE to view the Key West mls datasheet and the professionally shot listing photos - they are terrific. Then please call me, Gary Thomas, 305-766-2642 to schedule a visit to this home. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise. This just might be that place!

Friday, July 10, 2015

1017 Windsor Lane, Key West - Bank Owned Investment Property

Just Listed 1017 Windsor Lane in Key West. This Bank Owned investment property ought to sell quickly. It is located in Old Town and across the street from St. Mary's Basilica. The listing Realtor describes the property as:
"Located in Old Town this 4 unit income producing property is legally permitted. One 2 bedroom/1 bath house, Two-1 bedroom/1 bath Apartments and One 2 bedroom/1 bath Apartment upstairs. Great Investment Opportunity."
This property consists of two separate buildings. The front house was built in 1963 and is a one story ranch style house with a nice open living area and kitchen combination.  There are two bedrooms and one bath in this 1081 sq ft home. There is a front deck located amid the trees and flora in the front yard plus a rear deck (33' X 12'). The interior floors are terrazzo. This house has central air conditioning. The house appears to be CBS construction with stucco overlay. The roof looks to be asphalt shingle. The house needs cleaned and painted but looked to me to be in pretty good condition.  The kitchen and bath are dated, but they ought to work fine for this investment property. Of course any buyer will need to have a thorough home inspection to advise as to the structure.
The Monroe County Property Appraiser shows the rear building as being a 1768 sq ft two story building with CBS foundation which was built new in 1985. It looks to me that the building is stucco over wood frame construction. There are two first floor units each of which has a living area, kitchen, bath, one bedroom, and a rear wood deck with laundry hook-up.
The second floor apartment takes up the entire second floor. It has an open living area with kitchen plus two good sized bedrooms (one with large walk in closet), bathroom, and laundry.  This unit does not have a deck per se. The second floor balcony does provide outdoor space and it is private. The views are of the church yard across the street and neighboring rear yards. The lot measures 48.5' X 114' or 5529 sq ft.  CLICK HERE to view more photos I took of this property.
While I do not rent apartments in Key West, I have a pretty good sense of what typical apartments rent for on a long term monthly basis. These units would never function as "vacation rentals", but they would be very successful long term residential apartments that should rent instantly because of the convenient location, set-up, size, individual washer/dryer, and some private outdoor space. I think the front house ought to rent between $3,000 to $3,300.  The two one bedroom units ought to rent somewhere between $1,300 to $1,500. The upstairs two bedroom unit ought to rent for $2,500 or more. The landlord would pay water, sewer and trash. Each unit has a separate electric meter and the tenant would pay that charge. If you check Craigslist. org you'll find that my estimate of rental price is the average price being sought. There are few rentals in Key West in any price range. These would get rented quickly.
I looked through my old shoebox and found a couple of aerial photos taken of the area in the 1960s. The predominate feature in both photos is St. Mary's which is located across the street. You'll notice a huge linear building that extends across much of the church grounds. That building burned and no longer exists. What a pity. That was a very interesting building. I added white arrows to the photos below to indicate the location of 1017 Windsor Lane. If you study the black and white photos you may be able to find the old Scotty's Lumber yard where First State Bank is now located, the town homes on Catherine Street, the former trailer park on Truman which is now Windward Park, Suburban Propane's tank farm among others.



CLICK HERE to view the Key West mls datasheet on 1017 Windsor Lane which is offered for sale at $798,000. Please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this attractive Key West investment property.  I am a buyers agent and a full time Realtor at Preferred Properties Key West. 

Thursday, July 9, 2015

2645 Gulfview Drive, Key West - Waterfront Property on the Gulf of Mexico

2645 Gulfview Drive is a smart looking 1600 square foot home located at Gulfview Point (formerly known as Roosevelt Annex) in Key West where each of the 25 single-family homes and town homes  are located on the water and sited for exquisite views of the setting sun over the Gulf of Mexico. Gulfpoint Annex continues to be an exclusive community with a neighborhood of homes surrounded by water on three sides.  This is the only place of this kind in Key West! Click GOOGLE MAP for an aerial perspective of the property and its relationship to the water.
This development was built by Pritam Shingh who also developed Truman Annex, the Key West Golf Club Community, Parrot Key Resort, and the new Marker Hotel in Old Town Key West. Each of the residential communities have the look and feel of small town America. After you pass the gated entry the road winds through the friendly neighborhood. Many but not all of the homes have covered off street parking (this one does). 2645 Gulfpoint Drive is located near the far end of the private road which means you won't be hearing or seeing other vehicles drive by your home. 
The main living level provides a lot of living space both indoors and outdoors. The family chef will have water views from the kitchen as he or she looks through the living area and out to the Gulf of Mexico. There is a spare room tucked off to the right side of the living room which has pocket doors to provide privacy when needed.  An owner might use that space as a dining room, home office, den, or maybe as a guest bedroom. (There is a half bath on this floor as well.) There is an expansive covered deck with steps that lead down to the larger open deck at pool side. Just beyond the picket fence is a walking trail that wraps around all three sides of the development. This is a great place to walk the family dog. Some owners have installed floating (non-permanent) docks to moor small boats at waters edge.
On the second floor there are two guest bedrooms at the front of the house. The bedroom on the west side has a door that opens to the front balcony which overlooks Gulfview Drive. Both bedrooms have vaulted ceilings which enhance the spatial feel in these rooms. The master bedroom with en-suite bath is at the rear where there is a covered deck that has commanding views of the water. I had a listing that I sold at Gulfview last year. Each time I took potential buyers out to either deck their jaws dropped - the views are just incredibly beautiful and so serene. So many people dream of moving to Key West and imagine the joys of living on an island. The reality in Key West is that there are very few homes that have any sort of water view.  This home is the exception to that rule! Here you can actually see the water every day and watch amazing sea and sky change as the morning turns to day and the day turns to night. You'll see sunny skies and foreboding clouds and even watch and listen as thunder claps across the vast open water. You'll have a view that very few people get to have in our little town.
There is a home owner association which requires payment of monthly fees of $372 which includes cable television, security, and grounds maintenance. The park-like grounds are meticulously maintained. Pets are permitted with restrictions. CLICK HERE to see more photos which I took.

2645 Gulview Drive is offered for sale at $849,900. CLICK HERE to view the Key West mls datasheet. 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. Let me help you find your perfect place in Paradise. This just might be that place!

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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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