Pretty as a Picture - 720 Passover Lane - Key West - 11/30/09 01:37 PM
If you are looking for the pretty as a picture Key West Cottage that sits on a secluded lane in Old Town, you need to see the new listing at 720 Passover Lane. The listing Realtor describes the property this way: "Tucked away at the end of a quiet, walking Old Town Lane sits this beautifully renovated historic home. Manhattan meets Key West in the level of decor and finishes chosen for this historic jewel. Wonderful vaulted ceiling in the living room with open floor plan and chef's kitchen. Bright and airy dining/family room with glass doors all around to view … (0 comments)

Open House - Sunday - Key West - 11/28/09 08:44 AM
Preferred Properties Coastal Realty, Inc. is hosting an Open House at five locations in Key West. If you are looking for your place in Paradise, checkout any one or all of the locations below. These homes will be Open Sunday from 1:00 to 3:00 PM. Come by and see us at: 712 Southard Street CLICK HERE This two bedroom, two bath home with a beautiful pool is offered at $795,000. 416 Elizabeth Street CLICK HERE This grand home was built circa 1873 and it is unlike any other Old Town home. The interiors are rich and warm but unpretentious. The grounds … (3 comments)

1502 Petronia Street - Key West - Open Today - 12 to 2 PM - 11/27/09 09:15 AM
Looking for something to do this afternoon that does not involve booze or sex? Visit me at an Open House today from 12:00 to 2:00 PM at 1502 Petronia Street. Newly built in 2007 with top of the line materials and craftsmanship, this home features soaring 14' ceilings in the living area. The kitchen features stainless steel appliances, beautiful granite and solid wood cabinets, plus there is a wet bar in the living room. The main level has travertine marble floors. The bedrooms have en suite baths and are distinguished by impressive architectural details including crown molding, high ceilings, porches and … (1 comments)

Happy Thanksgiving - 11/26/09 04:52 AM
Happy Thanksgiving from Key West Gary Thomas, Realtor Preferred Properties Coastal Realty, Inc., 520 Southard Street Key West, Florida 305-766-2642 … (3 comments)

Nickeled & Dimed to Death in Key West - 11/25/09 07:23 AM
I got an email a few days ago from a reader. He apparently bought a couple of places in Key West that have been used a vacation rentals. He kept the existing property management company in place because of the excellent rental history. He said the property management company had been over-charging him. He asked me if I could recommend a reputable property management company. Our office does property management, but I am not involved in it. I don't make any money or receive any token compensation for referrals. So I have no financial stake one way or another if someone … (2 comments)

1800 Atlantic Condominiums - Key West - 11/24/09 01:06 PM
It's time to update the properties available for purchase at 1800 Atlantic Condominiums. I divided the units between those with valuable Transient Rental Licenses and those without. Units that have a Transient Rental License can be rented daily every day of the year to a different renter each day-just like a hotel room. Units without such a license may be rented on a monthly basis but may only be rented once each month. There are a total of 13 units currently available for purchase at 1800 Atlantic Condominiums in Key West. The aerial photo above together with the photos of the … (0 comments)

1410 Duncan - Key West - 11/23/09 11:58 AM
This is another one of those just listed but not by me posts. 1410 Duncan Street is located just across the street form the Tennessee Williams House located at 1431 Duncan Street. Tennessee Williams said this of Key West: "This is the most fantastic place that I have been yet in America. It is even more colorful than Frisco, New Orleans or Santa Fe. There are comparatively few tourists and the town is the real stuff. It still belongs to the natives who are known as ‘conks.’ Sponge and deep sea fishing are the main occupations and the houses are mostly … (0 comments)

605 Free School Lane - Old Town - Key West - 11/22/09 05:12 AM
Just re-listed, but not by me, 605 Free School Lane in Old Town Key West. The asking price is $1,375,000. Read on, Dear Reader. This place makes money. This is how the listing Realtor describes this property: "Just completed renovation from top to bottom: This beautiful transient licensed home situated at the end of a quiet dead end lane in the heart of the historic district is currently being used as a vacation rental. The spacious floor plan includes a main level bedroom and bath, large galley style kitchen and great room with French doors that open to a large covered … (2 comments)

1025 Thompson Lane - Old Town - Key West - Circa 1891 - 11/21/09 10:08 AM
The first day I arrived in Key West some 25 years ago was amazed by all of the neat old houses in Old Town. I only ventured to Casa Marina for a party that first trip. And other than driving past New Town, I don't think I really ventured out there until a trip in 1987. New Town did not amaze me. Back in 1984 many of the houses that look so damned wonderful today looked like a lot of the still "undone" or "non-restored" houses that still exist all over Old Town. There are not just as many of them … (0 comments)

Pied-à-Terre Anyone? - Old Town - Key West - 11/20/09 10:15 AM
The listing Realtor describes the new offering at 800 Fleming Street #A-1 (The William Fleming House) this way: "The perfect home for someone who wants carefree condominium living but desires the charm of a historic Old Town Key West home. The William Fleming House was constructed in the mid 1800's and is located in a premium location - the corner of William and Fleming Streets. Just completed renovation includes a new kitchen and two new baths. The kitchen includes granite and butcher block countertops, stainless steel appliances and new cabinetry. Baths are beautifully outfitted with polished chrome fixtures, tile shower enclosures … (0 comments)

1107 Olivia Street - Transient Licensed Home - Old Town - 11/19/09 07:01 AM
The "Seller" of 1107 Olivia Street just reduced the asking price from $1,250,000 to $1,150,000 for the thoroughly renovated house with a valuable Transient Rental License. The house has two bedroom, two baths, new everything, a pool, but no off-street parking. The furniture is not included at the asking price. The price per square foot for this 1125 square foot is $1,022 per sq ft. This property has been on the market since May 21st. CLICK HERE to see the mls listing info and photos. The listing Realtor describes 1107 Olivia Street this way "Transient Licensed Charm in Old Town! Completely … (1 comments)

512 Margaret Street - Old Town - Key West - 11/16/09 06:48 AM
Attention Bargain Hunters: Just Listed (but not by me) 512 Margaret Street priced at only $739,000 or $505 per sq ft. That's a lot of money, but this is a lot of house for the money. It was built in 1889 and has 1462 sq ft of living space. It sits on a tight lot (1560 sq ft or 24' X 65') on one of the better blocks in Old Town Key West. CLICK HERE to read the detailed info on this house and view photos of the interior and pool. The absolutely beautiful house next door at 510 Margaret Street … (2 comments)

Price Reduction - 915 Angela Street - Old Town - Key West - 11/14/09 05:15 AM
One of my favorite Key West houses just got a lot more affordable. The asking price on 915 Angela Street is now $998,000 or $739 per sq ft. This house was originally listed for sale at $1,299,000. The price has been reduced a couple of times. But now the price is at a point where the market ought to react. You will either love 915 Angela Street or you will hate it. Oh, you'll love the house. There's nothing not to like about the house. It's the neighbors. This is how the listing Realtor describes 915 Angela Street: "Pristine Old Town … (0 comments)

Affordable* Key West Houses - 11/14/09 04:17 AM
*How would you like to buy a cigar makers cottage made of real Dade County Pine for $2000 or less? Well, you can. Sort of. Ronny Bailey is a fourth generation conch that spent 30 years of his life restoring many of the old houses in Key West. A couple of years ago he started fooling around with some Dade County Pine and created his first new old house replica. His wife came home and expressed in amazement "I didn't know you could do that!" Ronny replied "Neither did I." And so began his new career as artist-carpenter where he creates … (4 comments)

730 Southard Street - Old Town Landmark - Key West - 11/13/09 09:55 AM
I have written about the landmark home at 730 Southard Street on several occasions and I have actually received both phone calls and emails from potential buyers that were genuinely interested in the property. But none of the contacts has yet resulted into a written offer from my buyers. It is time for someone that has "that vision thing" (a catch phrase used by President George H.W. Bush when he responded to suggestions he refocus objectives away from short term campaign objectives to look to the longer term). My suggestions: bring vision and lots of money. 730 Southard Street is one … (0 comments)

627 Caroline Street - Historic Seaport Area - Key West - 11/11/09 09:50 AM
Just listed (but not by me) 627 Caroline Street just one block from the Historic Key West Seaport. View Larger Map shows you where it is located. Or CLICK HERE. I know you will recognize the house next door. Almost every traveler to Key West takes a picture of this house. CLICK HERE to see the same house next door (629 Caroline Street) as it looked around 1965 when it probably had its last paint job. The listing Realtor describes the house this way: "Historic Conch Classical Revival home ready for your special touches. Two story, 2300 sq. ft., 3 bedrooms, … (2 comments)

Single Family Home in Truman Annex under $949,000 - Key West - 11/09/09 08:42 AM
So I spent Sunday afternoon on my computer looking for some potential deals among all of the short sales and very highly priced single family homes in Key West. I found 214 Fleming Street. The current mls listing does not have any description of the property or photos. So I had to do a little digging. And I think I may have found that deal I was looking for. Now if you are working with another Realtor, stay with him or her for everything else. But since I am telling you about this property, it is only fair that you call … (0 comments)

Licensed to Make Money - Key West Waterfront Condo - 11/08/09 10:46 AM
Just listed (but not by me) 1500 Atlantic Boulevard Unit No. 108, Key West Beach Club Condominiums. Besides being located directly on the Atlantic Ocean (as opposed to having a view), this 1500 square foot three bedroom two bath unit has a Transient License. That means you can legally rent the unit everyday of the year to help defray costs. Unit No. 108 is offered at $895,000 or $597 per sq ft. This is how the listing Realtor describes this new listing: "True Oceanfront with a Transient License! Spectacular Views and All of the Quiet Elegance for which The Key West … (0 comments)

Shopping Lessons - 11/05/09 08:03 AM
I am bored with TV. The over-paid programming executives (except for the USA Network!) have ruined TV. There is nothing new and plenty of old that has been re-furbished to look "new". I watched the trailers on the new ABC TV program called "V" and thought I had seen all of this before. I did. About 20 years ago. Reality TV is cheaper to produce so we get to see races and hear the filthiest insults from so called adults acting worse than children. Why in the world would I ever want to buy their designs or eat their food is … (0 comments)

Disparate* House Buys - Key West - 11/04/09 11:01 AM
*Disparate Function: adjective Etymology: Middle English desparat, from Latin disparatus, past participle of disparare to separate, from dis- + parare to prepare — more at pare Date: 15th century 1 : containing or made up of fundamentally different and often incongruous elements 2 : markedly distinct in quality or character synonyms see different" from the Merriam Webster Online Dictionary. I thought it would be interesting to compare similarly priced properties that are located in good locations in the Old Town, Casa Marina and Meadows areas of Key West. The point of the comparison is to show the disparity of similarly priced … (0 comments)

October Real Estate Sales in Key West - 11/02/09 04:21 PM
There were several real estate closings in October that mark the resilience of the Key West real estate market. There were 18 single family home sales in all of Key West. I found 4 single family short sales and one bank owned sale during that time. There was only one sale in the core area of Old Town. ( It was a small Conch house at 726 Fleming Street. Great location and it had a pool. But I don't think the city knows there is a pool there. It looked more "homemade" than any pool I ever saw. The place has … (2 comments)

1223 Royal Street - Key West - 11/01/09 07:28 AM
1223 Royal Street is a small Key West compound, an investment property, if you will. It is offered for sale at the asking price of $524,900 or $393 per sq ft. This is how the listing Realtor describes this property: "Behind the privacy of the wood fence sits a very private very Key Westy compound. 1/1 in the front with a stone path leading to 2/1 plus loft in the rear. Lovingly cared for with etched glass, cathedral ceilings, wood floors, built in shelving and French doors opening to a yard with room for a pool.This legal duplex has two electric,garbage … (2 comments)

 
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Gary Thomas

Key West, FL

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Preferred Properties Coastal Realty, Inc.

Address: 520 Southard Street, Key West, Fl, 33040

Office Phone: (305) 294-3040 x 118

Cell Phone: (305) 766-2642

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