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The newly listed Bank Owned property at 1433 Flagler Avenue in Key West is most certainly something to cheer about, especially if you are a current Key West family looking for a place that has four bedrooms, lots of quality living space, a pool, a great enclosed yard, and is in move-in condition. I was totally surprised by how nice this place looks.
The original house was built in 1953 and has been updated a couple of times in recent years. The current owner has added impact windows and doors, painted and cleaned the inside and outside, added the (2 comments)
bank owned: 2012 - That Was the Year That Was in Key West Real Estate - 02/03/13 07:13 AM
Two properties located about a block apart exemplify what so many potential second home buyers want but cannot afford. Both have transient rental licenses and great Old Town locations. The house at 605 Free School Lane was on the market for a couple of years during the down turn whereas 512 Fleming Street was on the market only a few days. The Free School Lane had a great rental history with lots of income (places like this really do generate a lot of income). The Fleming property had not used the transient license in years. 605 Free School Lane was listed (0 comments)
bank owned: Bank Owned Investment Property - Summerland Key, Florida - 11/29/12 09:53 AM
Every now and then I get a phone call or an email from a potential buyer who has had a persistent dream of buying a place in Key West that he or she or they could operate as an investment. The goal is give that potential buyer the reason to move here and have a place to go to that could turn a profit. With the rate of return banks are offering in today's diluted economy, making a profit on just about any non-risk investment ought to provide a greater rate of return. Preferred Properties is the listing brokerage for a (1 comments)
The recently listed two bedroom, two bath townhome at 16 Kingfisher Lane in the Key West Golf Club may just be the answer to your dream if you live for golf or at least dream of owning a very affordable home in Key West.This conch style townhome is located in a tranquil section of the golf club. The 900 sq ft home was built in 1999 and features first and second floor front decks and a large rear deck the overlook the second hole lagoon and tee box. The side yard has tropical landscaping which includes a sprinkler system. 16 (1 comments)
Just listed, but not by me, a two story Bank Owned townhome at the Key West Golf Club Community. 106 Golf Club Drive is a two bedroom home that was built in 1997. It has 810 sq ft of living space under air including what is called a "bump out" on the ground floor which adds noticeable extra room to the main floor living space. Both bedrooms are located on the second floor and each has a vaulted ceiling which gives each room a more spacious feeling. This home has first and second floor porches on both the front (2 comments)
Just listed, but not by me, a Bank Owned condo located at 1075 Duval Street in Duval Square. This property will certainly attract a lot of potential buyers very quickly because it has a Transient Rental License and it is a 3 bedroom unit. Both of these features mean that a new owner could rent this property on a daily basis throughout the year and make a potential fortune over a period of years. Read on, Dear Readers.
This property was previously managed by a local property management company that described this unit this way: "Located in Duval Square (1 comments)
Attention Key West bargain hunters, this is your second chance at this Bank Owned house that just went back on the market on August 8th. It went under contract right after it was listed a couple of weeks ago. For whatever reason, the house is now available a second time. I took a quick peek this morning, snapped some pics, and I am here to report that I think this is a good deal. (Not that my opinion means that much.)
1221 20th Street is located on the east end of the island of Key West. It sits on (0 comments)
I did a quick search of the residential real estate sales in the Key West area for the first six months of 2012. The sales area I used was from Mile Marker 0 (Old Town at Mallory Square) to Shark Key. I excluded Big Coppit sales as I do not think they represent the Key West market. A total of 138 single family homes sold in this area at a median price of $670,850 or $374 per sq ft. During the same time period in 2011, a total of 139 single family homes sold at at the median price of (0 comments)
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)
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)
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)
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)
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)
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)
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)
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)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.