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bank owned: 1730 Bahma Drive - Bank Owned - Fixer - Key West - 05/17/12 11:32 AM


1730 Bahama Drive - Key West
 

Once there was a really lovely yard. It can be again.

Hurricane Impact Resistant Windows and Doors throughout

 

Combined Living and Kitchen Areas
 
 The bank owned house at 1730 Bahama Drive in the easternmost part of Key West, Florida just got a bit more attractive when price was reduced to $261,500 or $119 per sq ft for this 2187 sq ft ranch home located on a large 8016 sq ft lot. CLICK HERE to view the Key West mls datasheet and to see more photos of … (0 comments)

bank owned: But I Don't Play Golf! - Key West - 05/15/12 08:11 AM

 
There are two types of buyers for houses in  Key West: people with money and people who wish they had money to buy what they want.  I have found that people with money often get what they want because they know how to buy what they want. They are decisive and go after the house. If they can't get what they want, they walk away and find something equally nice or they buy something less than what they want and spend the money to create exactly the house they desire. Since not even the rich can move locations, rich … (0 comments)

bank owned: 829 Simonton Street - Bank Owned Investment Property - Key West - 05/02/12 01:46 PM

  829 Simonton Street - Bank Owned - Old Town - Key West
 
Preferred Properties Key West just listed the landmark building at 829 Simonton Street in Old Town Key West.  I wrote about this property several months ago when it was a short sale that, well, didn't sell.  Now the building is Bank Owned and Offered at $935,000.
 
The building was originally built circa 1874 and was significantly updated  in 2002. The building sold in 2004 for $1,600,000. The building was updated again when the last commercial tenant customized the offices which occupy the main floor, or … (1 comments)

bank owned: Fool's Gold - 05/01/12 08:27 AM
 

 
In the next couple of days I will blog about the results of the past Key West real estate selling season. I thought it worth while to discuss a re-emerging facet of Key West real estate and that is the return of the greedy sellers.  Maybe they never went away. Maybe they just hid sheepishly, lingering in the background, awaiting the right moment to re-appear from their sulk-fest after the American economy spiraled out of control in 2008. 
 
Key West got a double whammy during the economic downturn. A huge number of the homes and condos people … (0 comments)

bank owned: Is The Party Over? - 03/23/12 10:15 AM
I was walking down the street a while back and noticed a couple of Key West crazies acting out on the front porch. I picked up my camera, snapped a couple of quick pics, and ran. It occurred to me that they may have been upset by the fact that there is definitely a shortage of houses for sale in Key West. If you spend a lot of time searching the Key West mls for a house or condo to buy, you have probably seen for yourself that the inventory of available properties is definitely down. I have posted a couple … (3 comments)

bank owned: Key West on HGTV's HOUSE HUNTERS - 03/10/12 05:56 AM
House or Condo in Key West, Florida I miss the old days when we all had three TV networks plus educational TV (where you could watch a guy paint!). Back then the choices were simple and the viewer had an easy and predictable viewing experience. Today cable and satellite TV offer so many diverse viewing options that a viewer needs a guide to help find what is available at any one moment or what will be available in the future. By chance last night (Friday, March 9th) I was searching for something to watch other than the 19th repeat of MONK … (3 comments)

bank owned: 2114 Staples Avenue - Bank Owned - Key West - 01/18/12 09:16 AM
 
2114 Staples Avenue - Bank Owned - Key West Attention Bargain Hunters! Get ready to write an offer and be quick about it because the new Bank Owned three bedroom home with a pool located at 2114 Staples Avenue in the Mid Town area of Key West is priced to sell quickly. The previous owner purchased this house in 2005 and paid $675,000. It is now offered as a Bank Owned property at $299,900. That is less than half what the prior owner paid, but it is still the same house in the same location. Other than some cobwebs and … (2 comments)

bank owned: That Was The Year That was in Key West Real Estate - 12/29/11 02:23 PM
The end is here in Key West
I thought it would be fun to recap some of the properties that I wrote about in 2011 to see the price that was paid. I did not sell these properties. A photo of each property appears immediately below the address which appears in a blue address link. Click the address link to the particular blog so you can see what I wrote.1012 James Street was a delightful small house with a pool and off street parking located across the street from Keys Energy. Asked $625,000 to start and then reduced to $535,000 and … (1 comments)

bank owned: Key West Beachside Resort - Unit No. 432 - Bank Owned Condo - 12/07/11 12:56 PM
 
Key West Beachside Resort
Model Unit Photos - Key West Beachside Resort A lot of people in my generation (the baby boomers) are already making plans as to where they will spend their reclining years. Many will keep a place up north for the summer and want a place in Florida for the winter. There's nothing new about that. Except there are going be so many of us soon-to-be-retirees that there may be a run on retirement places in Florida. I don't think our generation will be ready for the nursing home type facility. Instead I think a lot … (0 comments)

bank owned: Home Buy Chirstmas - 12/06/11 02:33 PM
Take a look at the above photo of the big old Revival Style house at 630 Elizabeth Street. It sits at the tippy top of Solares Hill in Old Town Key West. It looks kind of sad and neglected. But it has the character and good bones that attract would-be restorers, people with imagination, strong backs, big arms, and a deep purse.I took the photos below late Monday afternoon from the second floor that overlooks Windsor Lane as it heads toward the Key West cemetery and also Elizabeth Street where it intersects Angela and Windsor Lane. The views are genuinely incomparable … (1 comments)

bank owned: Pelican Landing - Key West Condo - 11/27/11 08:55 AM
 
Pelican Landing Condominiums - Key West   I have written about Pelican Landing Condominiums before. A couple of years ago I wrote about a penthouse unit offered as a short sale, and earlier this year I penned a piece about a bank owned unit. The short sale unit is still available, but the bank owned unit was sold. 915 Eisenhower Drive Unit # 302 is not afflicted by the stigma of being bank owned nor is it a short sale. Instead, it is a very nicely furnished two bedroom, two bath unit with a boat slip and a transient license … (2 comments)

bank owned: 205 Golf Club Drive - Bank Owned - The Sanctuary - Key West - 10/14/11 12:16 PM
 
205 Golf Club Drive - Key West The developer named that special section of the Key West golf course The Sanctuary for good reason: it is an enclave of primarily large homes with great views of the lush tropical golf course. Large iron gates separate The Sanctuary from the rest of the development. Once you pass the entrance you have views of the lakes to the left and links to the right. Then the big houses come into view. Large homes line Golf Club Drive as it loops around to return to the gated entrance. Homes on the inside are … (2 comments)

bank owned: 213 Truman Avenue - Bank Owned - Old Town - Key West - 09/30/11 09:31 AM
 
Entry to 213 Truman Avenue #C 213 Truman Avenue #C is Bank Owned The very cute little house at 213 Truman Avenue #C sits to the rear of the white picket fence in a compound of four Key West houses that share a simple gated pathway. 213 Truman Avenue #C was built new in 2007. Now it is Bank Owned and looking for new owners. The listing Realtor describes this little charmer like this:
"Brand new in 2007. The home is in great condition. Two bdrms and two full baths up. 1/2 bath down with open kitchen/living area opening to … (3 comments)

bank owned: Misconception - Key West Real Estate - 09/29/11 10:20 AM
As I get older the more I thought I knew becomes blurred. Partly because my memory isn't what it used to be (true), and because things that I grew up believing are true no more. I really did believe in the Tooth Fairy. I really believed in Santa Clause despite the protestations of my big brother otherwise. When Officer Goody came to my grade school and told my classmates about safety, I believed all policemen were good. I believed, for example, that my government would never lie to me. Life taught me that sometimes others say things that are not true: … (1 comments)

bank owned: 3015 Riviera Drive - Bank Owned - Key West - 09/21/11 11:08 AM
 
3015 Riviera Drive Key West Checkout the photo above. Pretty as a picture, don't you think? I know I usually write quintessential cottages in Old Town. This mid-century home is located in the area where mid-town and new town meet. The price and features make it a property worthy of further consideration. The listing Realtor describes the property this way:
"Fabulous Fannie Mae Property Approved For A HomepathCountertops And Dark Wood Cabinets. Close To The Ocean, Entertainment, And Roads. Owner Occupants Close Before 10 31 11 And Request Up To 3.5% In Closing Costs. Restrictions Appl." Renovation Mortgage. Upgraded Dream … (1 comments)

bank owned: 1025 Elgin Lane - Old Town - Key West - 09/17/11 06:35 AM
 
1025 Elgin Lane - Key West, Florida - 2011  
1025 Elgin Lane - Key West, Florida - 1965 Maybe it was serendipity that yesterday's blog was about life in the slow lanes of Key West. One of the lanes I mentioned was Elgin Lane. I know I went on and on about how sweet life can be on a little lane. And then late Friday afternoon another Realtor added a new listing to the Key West mls of a Bank Owned Property at 1025 Elgin Lane. The price is right, just $249,900 or $282 per sq ft for this … (4 comments)

bank owned: 213 Truman Avenue #C- Old Town - Key West - 09/08/11 10:04 AM
Entry to 213 Truman Avenue #C 213 Truman Avenue #C is Bank Owned The very cute little house at 213 Truman Avenue #C sits to the rear of the white picket fence in a compound of four Key West houses that share a simple gated pathway. 213 Truman Avenue #C was built new in 2007. Now it is Bank Owned and looking for new owners. The listing Realtor describes this little charmer like this:
"Brand new in 2007. The home is in great condition. Two bdrms and two full baths up. 1/2 bath down with open kitchen/living area opening to a … (2 comments)

bank owned: You Could've Done That - But You Didn't! - 09/01/11 10:42 AM
1124 Eaton Street as it appeared in July 2010 when it was Bank Owned
1124 Eaton Street in September 2011 now privately owned and renovated I wrote about the little house located near the busy corner of White and Eaton Streets and across the street from Strunk Ace Hardware and Manley deBoer Lumber. CLICK HERE to read what I wrote about the little house when it was Bank Owned and offered for sale at just $158,400. I had several potential buyers call me or email me on this house. I told them they needed to act quickly because the price was … (0 comments)

bank owned: 1208 Florida Street - Bank Owned - Key West - 08/30/11 12:07 PM
1208 Florida Street - Key West The listing Realtor describes the newly listed Bank Owned property at 1208 Florida Street in Key West this way:
"Bank Owned property. Great Mid Town location close to the beach, Faustos on White Street, several coffee shops, restaurants, art galleries and retail establishments. 3Br/2Bth, two story home with off street parking for two cars. Just about everything is within bicycling distance from this unit. First floor has kitchen dining room, living room and bathroom. Second floor has three bedrooms, landing and bathroom. Second Floor balcony accessible from 2 bedrooms. Could use a facelift but is … (1 comments)

bank owned: 911 Grinnell Street - Bank Owned - Old Town - Key West - 08/25/11 10:42 AM
The new listing at 911 Grinnell Street will likely turn into a feeding frenzy as many prospective buyers submit offers on this Bank Owned single family house in Old Town that is offered at just $399,900. The listing Realtor describes the property thus:"Cute 2 story Conch home has 2 bedrooms and 2 bathrooms, located in Old Town Key West. Home features: Dade County pine , stainless steel appliances, granite countertops, new carpets, updated bathrooms and a swimming pool."
911 Grinnell Street as it appeared only a couple of years ago I showed this house several times in the past few years … (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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