blog: UPSIDE downside Key West Real Estate Sales August 2008 - 09/03/08 02:50 PM
It's that time again to report on real estate sales in Key West. During the month of August 2008 there were 13 single family (and duplex) sales in Key West. The least expensive house sold for only $325,000. The median sale was $530,000. And the top sale was the old … (0 comments)
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blog: 1119 Von Phister St. - Key West - Bank Owned - 08/30/08 12:39 PM
This foreclosure stuff is starting to get personal. Just Listed: 1119 Von Phister Street in the Casa Marina Area of Key West. I'll be your lucky neighbor. I live next door. These are neighboring homes CLICK CLICK CLICK CLICK.
Let me tell you about the house and why I think … (0 comments)
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blog: The Curry House - Key West - For Sale - 08/29/08 09:50 AM
Just Listed: The Curry House Key West. No, not The Curry Mansion. The names sound similar, but the inns are quite different. CLICK HERE to read all about the historic Curry Mansion. It is located just off Duval on Caroline Street near one of the loudest locations in Old Town. … (0 comments)
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blog: 1601 Patricia Street Key West - Short Sale Opportunity - 08/28/08 08:59 AM
1601 Patricia Street is located on the east end of the Casa Marina area near the beaches. This 1721`sq ft remodeled ranch 3 bedroom two bath home is now offered as a short sale. The list price is $695,000 or $404 per sq. ft. Shop and compare. I don't think … (0 comments)
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blog: Bank Owned Homes in Key West - 08/27/08 11:51 AM
It's that time again. Time to roll out the list of Bank Owned Single Family Homes for sale in and near Key West. CLICK HERE to look at the list of active single family homes. Some are "challenged" and a couple actually look really interesting.
I used to manage the … (0 comments)
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blog: Ocean Front Condo - Key West - 08/22/08 01:51 PM
Attention Maties! There is treasure to be found in this sweet listing of Unit 421 in the new Beachside Resort. People that read my blog know I don't just hype things. I try to get people to consider options when they are looking at purchasing a permanent home or a … (0 comments)
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blog: Two Done Deals - 08/20/08 10:14 AM
Last week I wrote about the deal that was. The deal that got away and that will not return. A real deal in a down-trodden economy.
Yesterday two properties sold and closed. Our office used to have the listings on both properties, but lost them when the properties did not … (0 comments)
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blog: 3041 Flagler Ave. Key West -- Bank Foreclosure - 08/16/08 10:13 AM
Bank Owned four bedroom / 2 bath home at 3041 Flagler Avenue, Key West, Florida needs to be sold soon. This is our sad listing. This 1478 sq ft house sits on a large (60' x 104.88' lot -- 6292 sq ft)is now offered for quick sale at only $279,000 … (1 comments)
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blog: 1116 Seminary Street Key West, Fl - 08/10/08 08:03 AM
Here is a deal that might work just for you. 1116 Seminary in the Casa Marina Area of Key West has tentatively been approved for a Short Sale by the lender. Some details still need to be worked out. There is a contract in place but the prospective buyer may … (0 comments)
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blog: Florida Homestead Law Myth-Understood - 08/09/08 12:23 PM
Yesterday afternoon I was perusing the Monroe County Clerk's website checking to see how many more properties had Lis Pendens filed since July 22nd. One choice address popped up and I did decided to look further. A Lis Pendens is a legal document filed by a party claiming a potential … (0 comments)
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blog: The Key West Bank Dick - 08/08/08 10:42 AM
I've complained before that the Key West Association of Realtors mls database does not automatically show bank owned properties. Some Realtors believe that lender-owners do not want to disclose to the public that a bank owns a piece of property. I guess that is possible, but having worked in the … (0 comments)
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blog: Architectural Icon - 1415 Alberta Street - Key West - 08/07/08 10:20 AM
The French Polynesian style home at 1415 Alberta Street in Key West's tony Casa Marina area was just listed for sale at $1,275,000 or only $504 per sq ft. The property was built in 1963 and it was featured in Architectural Digest in 1968. To read the article and view … (0 comments)
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blog: 707 Washington -- Key West -- Short Sale - 08/04/08 12:28 PM
Just Listed: 707 Washington Street Key West, Florida. This great two home property is a legal duplex but it is actually two separate houses on the same lot and it is located on one of the best locations in the Casa Marina area.
This property was constructed in 2004. I … (0 comments)
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blog: 3533 Flagler Avenue Key West Florida - 08/03/08 11:39 AM
Bank Owned house at 3533 Flagler Avenue in Key West, Florida is begging for a buyer. This 1950's vintage house has 4 bedrooms, 3 baths, a new kitchen, a separate laundry room, an enclosed backyard with a nifty pool, and balcony off the master bedroom overlooking the pool. The house … (0 comments)
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blog: July Sales in Key West - 08/02/08 11:33 AM
Some Realtors think we are at or near the bottom of the real estate market. I'm not so sure about that myself. I watch the new foreclosure filings every few days, and they are not stopping. Maybe there are not as many filings nor are they as fast as before. … (0 comments)
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blog: 8 Passover Lane Old Town Key West, Fl - 07/31/08 12:56 PM
I have often written about the virtues of living life on one of the slow lanes of Key West. Well, 8 Passover Lane is about the slowest of the slow lanes as possible. It is so slow that it is really just walkway about 6' wide that provides access to … (0 comments)
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blog: Mad Men and Key West Real Estate - 07/30/08 04:42 PM
I discovered Mad Men a couple of weeks ago. It is an AMC Cable TV series that is executive produced by Scott Hornbacher (The Sopranos). The first season of Mad Men takes place in the year 1960, and you can watch every episode if you have On Demand on your … (1 comments)
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blog: Sink or Swim -- Key West Real Estate - 07/29/08 10:15 AM
Two sales went through the mls yesterday that give us some insight into how the Key West real estate market is fairing these days.
Sale No. 1 was a bank foreclosure of a single family home at 1116 Eaton Street in Old Town. I showed the house about 5 weeks … (0 comments)
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blog: Shipyard Units -- Key West - 07/25/08 03:40 PM
The Shipyard Condominiums in Truman Annex have become favorite entry level properties for second home purchasers in Key West.
Although the units were almost identical when constructed in the early 1990s, many have been remodeled or updated to accommodate usage as vacation rentals. (Photos to the right are of unit … (0 comments)
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blog: 623 Grinnell St. Old Town Key West, Fl - 07/24/08 01:08 PM
Just Listed: 623 Grinnell Street, Old Town, Key West, Florida. Absolutely charming historic home on a quiet street in the heart of old town. Original details throughout. High ceilings, 3 generous bedrooms including downstairs master. Off Street parking for 2 vehicles in tandem, wonderful porches and covered outside living area. … (0 comments)
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blog: Dream Fulfillment in Key West - 07/21/08 02:36 PM
Some people vacation in Key West year after year. They dream of buying a second home that they can rent as a transition to living in Key West as a full time resident.
The recent downturn in the real estate market has made achieving that dream more affordable and attainable. … (0 comments)
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blog: Finnegan's Wake -- 320 Grinnell St Key West, Fl - 07/18/08 02:39 PM
Want to have a party every night? Want to own a Key West Landmark? You can do both. Just Listed: Finnegan's Wake at 320 Grinnell Street, Old Town, Key West.
This bar and restaurant is a locals hangout and a tourist draw. It is located a stone's throw from the … (0 comments)
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blog: Fear Factor -- Key West Reality - 07/17/08 04:24 PM
It seems like Déjà vu all over again. Back in the 1970's we were in a war that would not end, President Nixon had been deposed, the American automobile industry was reeling, gas prices were making us change our driving habits and lifestyles, the stock market was in turmoil, President … (1 comments)
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blog: 31 Seaside South Ct - Key West -- Ocean View - 07/15/08 11:25 AM
31 Seaside South Ct is a beautifully decorated home with stunning views of the Atlantic Ocean. Ideally located in a secluded quiet location at Seaside Key West Residences this luxurious 3 level home includes many amenities. A few of the features of this home include designer decor, multiple outdoor spaces, … (0 comments)
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blog: What Happens When a Bank Fails -- My Experience - 07/14/08 10:37 AM
I have two sets of personal experiences dealing with bank failures. I thought my experiences might prove somewhat helpful in understanding the closure of Indymac Bank and the theoretical possibility of more closures in the near term.
In the late 1980's I managed the Special Assets Department of a national … (5 comments)
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blog: Regulators Shut Down IndyMac Bank! Friday July 11th - 07/12/08 01:23 PM
Regulators Shut Down IndyMac Bank! Re-printed by Permission of Ruben Concepcion, Keys Financial.
Bank regulators today shut the doors of IndyMac Bank and have transferred its assets to the FDIC. IndyMac had stopped lending activities earlier this week due to lack of capital and had seen a run on its … (3 comments)
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blog: Key West on National Open House - 07/10/08 10:09 AM
Announcement from the Key West Association of Realtors
Key West will be featured in HGTV’s popular television series “National Open House”. Hosted by local real estate Broker, Rudy Molinet, the show compares homes in Key West with those in Las Vegas and Virginia Beach. The show features local homeowners showing … (3 comments)
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blog: 1211Catherine Street Key West Bank Owned Home - 07/07/08 09:04 AM
Behind the once carefully manicured ficus hedge at 1211 Catherine Street sits a hidden 1930's vintage home with great potential. The 3 bedroom 2 bath home totals 1463 sq ft. The living room has really interesting architectural features including original hardwood floors and elegant windows. CLICK HERE to see the … (1 comments)
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blog: Fixers - Key West - 07/06/08 03:53 PM
I don't get enough of real estate working it full time almost every day of the week. No, I gotta watch those stupid "reality" TV shows like Flip That House and Property Ladder. My favorite is Flipping Out on BRAVO. I was showing a $3.4 million house last Saturday when … (0 comments)
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blog: Single Family Homes in Key West under $500,000 - 07/05/08 10:05 AM
I just went through the Key West Association of Realtors mls database and created a list of select single family homes under $500,000. There were a total of 67 such properties, but our system will not allow me to generate a report with that many listings. CLICK HERE to see … (0 comments)
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blog: Licensed to Make Money in Key West - 07/03/08 12:04 PM
Many people dream of buying a really charming home in Key West with a pool that they can eventually retire to. But in the meantime they want to be able to rent the house to help make the mortgage payments. Sounds easy. It isn't.
The City of Key West has … (0 comments)
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blog: Six Months Sales Report for Key West - 07/01/08 09:45 AM
I've said before that I am no statistician. I did failed miserably in algebra. But I got an "A" by being able to distinguish "Up" from "Down".
I always go back to 2005 to use as a comparison point to current market activity. In 2005 there were 197 single family … (1 comments)
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blog: Edifice Rx - 06/27/08 01:12 PM
Perhaps I have been sounding like the prophet of doom and gloom. That is not my intent. I think there are some really good values available in Key West right now--especially in the mid-range, but also some very nice big homes that are priced very well.
I decided to show … (0 comments)
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blog: Bank Owned Condos in Key West - 06/26/08 01:03 PM
The good news is that there are only 14 active Bank Owned condos and town homes for sale in Key West. The bad news is that there are undoubtedly many more on the way. As of June 27, 2008 the Key West mls shows a total of 345 active condo … (0 comments)
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blog: 405 Willaim St. Old Town Key West, Fl - 06/24/08 09:57 AM
405 William Street is located on one of the very best blocks in Old Town Key West. Some of the most historic and architecturally significant homes are located on this block. And this home is one for the books.
405 William Street is a two story renovated duplex. That will … (0 comments)
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blog: Busted! - 06/20/08 02:02 PM
One big item in yesterday's news was the arrest of two Bear Stearns hedge fund accounts senior managers charging them with conspiracy, securities fraud and wire fraud. On the same day more than 400 others including Realtors, appraisers, and mortgage brokers were arrested as part of Operation Malicious Mortgage conducted … (8 comments)
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blog: Flipping Out - 06/19/08 10:33 AM
You can learn a lot from smart people. They usually don't do dumb things. They usually are successful on the things they do in life. Jeff Lewis and his business partner, Ryan Brown, are very smart people. Jeff is a little eccentric. Correction: he's Flippin' Out! He's the lead in … (0 comments)
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blog: Bank Owned Properties in Key West - 06/13/08 03:20 PM
Every week or so the Key West Association of Realtors conducts a Realtor's Caravan to show new listings to local realtors. The purpose is to let listing realtors show their new listings to fellow agents and to solicit comments and opinions regarding the property and the asking price. Nine houses … (0 comments)
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blog: 612 Griffin Lane Old Town Treasure Key West - 06/11/08 10:37 AM
Way back in February I wrote about a (then) new listing at 612 Griffin Lane in Old Town Key West. CLICK HERE to read what I wrote then.
I got to show the property this past Monday to a prospective buyer who did not want a place with granite, marble, … (3 comments)
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blog: 809 Sawyer Lane Old Town Key West - 06/10/08 12:47 PM
What could be better than laying out on by your pool in Key West on Christmas Day sipping a cool one and then taking a nap by the fireplace after a filling Christmas dinner? If you owned 809 Sawyer Lane which is located one half block from the Historic Key … (2 comments)
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blog: Ouch! - 06/09/08 10:57 AM
I was at the gym this morning listening to the talking heads on Good Morning America banter about the price of oil and how it is affecting our entire economy. I think we are all keenly aware that everything has gone up in price. And for food stuffs that have … (1 comments)
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blog: What Is Happening Here? Ain't Exactly Clear! - 06/05/08 12:43 PM
I don't know if it is a coincidence or a confluence of events, but there is something going on in our little real estate market in Key West.
In the past week we had two sales close on big houses on Sunset Key (the little island just off Mallory Square … (0 comments)
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blog: 410 Simonton Street Key West -- Historic Beauty - 06/04/08 11:22 AM
Major Price Reduction of $500,000 on this Key West landmark property located at 410 Simonton Street in Old Town Key West. Now offered at $1,350,000 or $418 per sq. ft. for a true beauty. There property is presently used as apartments, but could be returned to single family splendor. This … (0 comments)
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blog: Bottom Feeders -- The New Key West Big Fish - 06/02/08 04:11 AM
There's a bit of a debate going on right now in Key West about how well or how poorly the real estate market is doing. Just to set the record straight, I'm not a cheerleader for the Key West Association of Realtors or the Chamber of Commerce. I don't have any … (0 comments)
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blog: Compound Investment -- Key West - 05/30/08 10:45 AM
Price Reduced $800,000 today. Was $1,995,000. Now asking $1,195,000. This is what you get at 610 Petronia Street in Old Town Key West: Four individual cottages fully equipped. Total of 4 bedrooms and 4 baths with total square footage under air of 3468 sq. ft. that sits on a very … (1 comments)
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blog: Key West Writer's Compound Cottages For Sale -- Historic Property - 05/29/08 09:32 AM
Just Listed: two individual properties classified as "condos" that are actually stand alone cottages in the Windsor Lane Compound which was established in 1976. The assortment of restored shacks, shanties, and cottages, were once winter homes for writers such as Pulitzer Prize–winning poet Richard Wilbur, poet, lecturer and "Divine Comedy" … (0 comments)
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blog: Bank Owned REO in Key West - 05/28/08 10:19 AM
REO stands for real estate owned by banks acquired through foreclosure or debt forgiveness. Some banks refer to it as OREO standing for other real estate owned (as in not in the operation of the banking enterprise such as bank building, service center, satellite operation, etc.).
I just completed a … (3 comments)
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blog: Who Do You Trust? - 05/27/08 10:00 AM
Buying a house or a second home is usually the biggest (or second biggest) purchase that most people make in their lives. Some people act out of impulse and make emotional decisions. Others are fanatical in their investigation of the property and the calculus of the deal.
I have become … (0 comments)
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blog: 709 Bakers Lane Key West Open House - 05/23/08 08:36 AM
I am hosting an Open House at 709 Bakers Lane in Old Town Key West on Sunday, May 25th from 11:30 AM until 2:00 PM. I've written about this property several times. It has to be one of the best deals in Key West.
The perfect island getaway beautifully located … (1 comments)
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blog: 408 Grinnell St. Old Town Key West Half-Price Sale - 05/21/08 09:07 AM
Everybody wants a deal. This is a really Big Deal. 408 Grinnell Street is brand new construction -not a renovation! The 3 bed/4 bath home is a GE Smart Home with all the extras -9 and 10 foot ceilings - coffered & cathedral, reclaimed heart pine floors and walls, 10'' … (13 comments)
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blog: Water-Blogged in Key West - 05/20/08 11:30 AM
I was watching a new episode of HGTV's National Open House last night. The episode featured homes in Minneapolis, Charleston, S.C., and San Francisco, at price points of $250,000, $500,000, $750,000 and $1 million. CLICK HERE for more info on that episode. In the middle of the program there was … (0 comments)
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blog: Retraction - 05/17/08 10:16 AM
On April 22nd I wrote about a bank foreclosure on Whistling Duck at the Key West Golf Club that I called a buying opportunity. READ WHAT I SAID THEN HERE. I showed the property to a client a few days later. I apologized to her for even showing the property. … (4 comments)
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blog: 917 United Street Key West, Florida (Potential Short Sale) - 05/14/08 09:54 AM
The neat house at 917 United Street in Key West is now offered as a Potential Short Sale. A Short Sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured by the property upon … (0 comments)
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blog: Sales in the City - 05/13/08 10:37 AM
I have received e-mails and phone calls from potential buyers asking about specific properties I have mentioned here as being buying opportunities. Two separate properties just closed that I had written about, so I decided to let you see how the market acted.
1103 Virginia was wild. It was a … (0 comments)
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blog: 518 William Street Old Town Key West - 05/12/08 10:40 AM
So many people want to buy a cute little house on a great block in the heart of Old Town. But when the chance arises, most shy away. Right now many fear that we have not seen the bottom of the market so they think they will wait it out … (4 comments)
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blog: Deal or No Deal - 05/11/08 05:59 AM
Nine minutes past noon yesterday, May 9th, the listing Realtor dropped the asking price to a fixed price of $415,000 on 1707 Leon Street in the east Casa Marina Area of Key West. By 4:00 PM two contracts had been submitted. I sent e-mails to potential buyers who have asked … (2 comments)
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blog: 601 Caroline Street Key West -- Guest House for Sale - 05/10/08 09:53 AM
Got a few hundred thousand dollars laying around earning only 2% interest or so? Are you as afraid of the stock market as I am? Does the rotten economy scare the beejeezus out of you?
Ever since I made my first trip to Key West many years ago I noticed … (1 comments)
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blog: 728 Love Lane Old Town Key West - 05/09/08 10:10 AM
The charming home at 728 Love Lane in Key West is located down a quiet lane in the heart of Old Town and is an exceptional 3 bedroom, 3 bath home. The location is an easy stroll to the center of Duval Street. This residence is a must see for … (0 comments)
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blog: Is the Glass Half Empty or Half Full? - 05/07/08 10:06 AM
I was full of doom and gloom yesterday as I listened to the evening news. There was a story about good people in Minneapolis who have had their electric power turned off because of past due utility bills. A Minnesota state law forbids power companies from yanking the power cord … (1 comments)
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blog: 730 Passover Lane -- Affordable & Adorable! - 05/05/08 10:06 AM
This little charmer at 730 Passover Lane sits directly across the street from the Key West Cemetery. The home has been on the market for some time and the price has been periodically reduced from $795,000 to $499,000. That's right, $499,000. Now it is officially affordable as well as adorable. … (0 comments)
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blog: Ripe for the Picking Casa Marina Oceanfront Key West - 05/04/08 09:16 AM
Sometimes I think I sound too pessimistic about what is going on in the Key West real estate market. I talk about prices going down instead of up. I talk about short sales where sellers potentially (Ha!) owe more money to the bank than the property will fetch at sale. … (0 comments)
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blog: April 2008 Real Estate Sales Report for Key West - 05/02/08 10:31 AM
There were 23 single family homes that sold in April 2008 for a total of $16,442,000. The one an only short sale was at 1119 Oliva Street that I reported earlier this week. But there were three bank foreclosures that sold. All three sold for about one half of the … (1 comments)
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blog: Casa Marina Short Sales - 04/30/08 09:58 AM
Last week I cautioned that Short Sales may not be all they are cracked-up to be. So today I am touting two Casa Marina Short Sales just to tease you. But who knows, you may be in the 18% of buyers lucky enough to actually close a short sale. Read … (0 comments)
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blog: A Short Sale that Worked -- Key West - 04/29/08 09:16 AM
I made several entries in my blog suggesting would-be buyers to consider purchasing 1119 Olivia Street in Old Town Key West. The legal two story duplex had been throughly remodeled within the past couple of years and had evolved into short sale opportunity. The original asking price was $1,275,000 in … (1 comments)
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blog: 8 Passover Lane Old Town Key West, Fl - 04/28/08 10:12 AM
I have often written about the virtues of living life on one of the slow lanes of Key West. Well, 8 Passover Lane is about the slowest of the slow lanes as possible. It is so slow that it is really just walkway about 6' wide that provides access to … (1 comments)
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blog: Recognizing a Real Estate Bargain In Key West - 04/27/08 02:29 PM
I just Googled "recognize a bargain" and up comes this incredible blog written by fellow Realtor Dan Melson from San Diego. CLICK HERE to read the item in full. It is worth your while, especially since I agree with what he says. lol!!!
The premise of his treatise is that … (1 comments)
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blog: The Fallacy of Short Sales in Key West - 04/24/08 10:51 AM
A couple of days ago the Key West Association of Realtors held a lunch hour lecture on Short Sales. The attorney for our association conducted the lecture. There were about 110 Key West Realtors in attendance.
There are a significant number of active short sale listings in our market. There … (1 comments)
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blog: High Anxiety? -- 701 Elizabeth St. Key West - 04/23/08 12:43 PM
In my March 1st blog called "Season's Beatings" I said "Most of the sales that have occurred [recently] are a result price reduction. There is still a hesitance by many buyers who think the market will fall further, especially after Season ends. I agree. But bargain hunters may miss getting … (3 comments)
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blog: 23 Whistling Duck Key West Golf Club - Bank Owned - 04/22/08 10:41 AM
There are two ways to look at bank foreclosures: (1) dumps that nobody in their right minds would buy or (2) buying opportunities. I think the 3 bedroom 2 bath 1060 sq ft condo at 23 Whistling Duck is located in the Nature Preserve area of the Key West Golf … (0 comments)
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blog: Key West Real Estate Q & A - 04/19/08 11:35 AM
I have been getting e-mails and phone calls regarding some pretty basic real estate issues in Key West. So I thought I would start a Q & A thread.
Explain the difference between Transient Rental and Vacation Rental The City of Key West has an ordinance that prohibits homeowners (and … (1 comments)
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blog: Garden of Eden 120 Angela Street Key West - 04/18/08 10:11 AM
The listing broker to the setting of the cute Key West condo at 120 Angela Street as the Garden of Eden. When you enter thru the gates into the entry and pool area you really are transported to a very serene place. The pool sits to the front of a … (0 comments)
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blog: Just Listed: 916 Fleming Street Old Town Key West - 04/17/08 09:16 AM
Just Listed: 916 Fleming Street, Old Town, Key West, Florida. No it is not my listing. But if you have the glue, you need to checkout this stunning new addition to one of the best streets in Key West.
Two years ago a friend who owned the house next door … (0 comments)
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blog: 826 Olivia Old Town Key West -- Short Sale - 04/16/08 02:34 PM
I wrote about 826 Olivia Street a while back. I am totally surprised that this little gem has not sold because it is so sweet. Let me tell you the negatives before I expound on the positives. It has no off street parking, there is no pool or room for … (0 comments)
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blog: Million Dollar Short Sales -- Key West - 04/14/08 11:31 AM
There are currently 222 Key West single family homes priced at $1,000,000 or more. Six of those properties are shown as either potential Short Sales or Bank Foreclosures. CLICK HERE to checkout each of the properties.
I have written about a few of the properties previously. I think there are … (3 comments)
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blog: $3 Million Bathtub - 04/12/08 02:52 PM
(Carnac holds the sealed envelope up to his turban)
CARNAC: Three Million Dollar Bathtub.
ED McMAHON: Three Million Dollar Bathtub.
(Carnac rips the envelope open and removes the card)
CARNAC (reading): What your friends call your private town home pool.
The other day someone asked me what I thought about … (0 comments)
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blog: News We Do Not Need - 04/08/08 03:10 PM
We live on a small island in the middle of the ocean, and when something happens here news travels fast.
There was a terrible tragedy today at the Key West International Airport. I've been griping for a long time about the insanity of building a new airport when the old … (0 comments)
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blog: Dirty Pool -- Bank Foreclosure - 04/07/08 12:54 PM
Before you accuse me of Dirty Pool, read the rest of today's blog. The little house at 1310 Olivia Street in the Meadows Area of Key West is another example of a Bank Foreclosure that takes a bad deal and only makes it worse. Here's why: the pics to the … (1 comments)
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blog: No Pretense Required - 04/06/08 04:54 AM
I had a walk-in a couple of weeks ago who was interested in buying a large winter home for his family. He's a self-made man from the mid-west and has accumulated other houses and according to him quite a bit of money. But if you looked at the guy, you'd … (0 comments)
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blog: 915 Angela Street Old Town Key West - 04/04/08 01:33 PM
Half of you won't even read this when I tell you about 915 Angela Street. You see it is located directly across the street from the Key West Cemetery. I'm not being funny when I report that there's no room left. All the plots have been sold and there is … (0 comments)
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blog: The Greed Factor - 04/03/08 11:44 AM
When I was growing up it was expected that you would pay your bills. If you wanted something and couldn't afford it, you either didn't get it or you saved to buy it.
I remember my mother going to department stores and making payments on something called "Lay Away". I … (7 comments)
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blog: First Quarter Real Estate Sales in Key West - 04/02/08 06:01 AM
Let's take a quick look at how well the Key West real estate market fared during the period of March 1st rough March 31, 2008 as compared to the same periods in 2005, 2006, and 2007. The year 2005 was a record year for Key West. There were 45 single … (0 comments)
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blog: BIG Short Sale - 709 Bakers Lane - 04/01/08 09:51 AM
One of my favorite properties just became a real bargain. No hyperbole. Like Jack Webb (Joe Friday) used to say "Just the facts!"
709 Bakers Lane sits on Solares Hill at just about the highest point on the Island of Key West. It was renovated to sell at $2.8 million. … (0 comments)
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blog: Bank Foreclosure 1103 Virginia Street Key West - 03/31/08 09:07 AM
Bank Foreclosure at 1103 Virginia Street. Four bedroom, two bath house with no kitchen--looks like somebody took it away. Central A/C, beautiful pool and deck area, covered off street parking, some nice decorator touches and some work left undone. The tax records show this house as 1626 sq ft and … (0 comments)
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blog: Scream -- Not the Movie - 03/30/08 06:57 AM
I received an email on Friday. I'll let you read it.
Hi Garry,
I just wanted to let you know that also because of your blog, our short
emailconversation and your analysis of the current properties that are on
the market, I fall in love with XXX XXXXXXX, came over, … (4 comments)
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blog: Time Waits for No One - 03/28/08 11:46 AM
I have been getting phone calls and e-mails from people who have been reading my little blog. A lot of people have decided that now is the time to start looking at buying something in Key West. Like a lot of Realtors I have been showing properties to potential buyers. … (0 comments)
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blog: 508 William Street Old Town Key West - 03/26/08 01:16 PM
This one-of-a-kind Old Town house at 508 William Street is waiting for someone to make it a home. The property was completely renovated over a three year time period by JJ Fairbank Construction. This beautiful home features Brazilian cherry floors, high ceilings, crown molding and custom built French doors throughout. … (0 comments)
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blog: Bank Foreclosure - 1021 Johnson St. Key West - 03/25/08 07:12 AM
Everybody likes it when the bank makes an error, right? That is unless you have to pay for the error.
One of the sad things about all of the foreclosures is that big banks hire asset managers to mange their foreclosed real estate. The managers then hire Realtors to list … (2 comments)
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blog: Just Listed 1113 Watson Street Key West -- Legal Duplex - 03/24/08 01:20 PM
Just Listed: 1113 Watson Street, Old Town, Key West, Florida $705,000or $380 per sq ft. That is a real deal! This is a Legal Duplex that is offered at Appraised Value (3/18/08 by Bone Island Appraisal Company). "An appraiser's report is much more detailed [than a Realtor prepared Competitive Market … (0 comments)
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blog: 709 Bakers Lane Open House Easter Sunday -- Old Town Key West - 03/23/08 06:54 AM
OPEN HOUSE
EASTER SUNDAY
11:30 - 2:00
709 Bakers Lane The perfect island getaway beautifully located atop Solares Hill on a quiet lane off Elizabeth St. is this completely renovated walled estate. The main house has Brazilian cherry floors, wood wainscoting and 16' cathedral ceilings. The new gourmet kitchen has … (0 comments)
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blog: Some Good News for Good Friday - 03/21/08 01:12 PM
It's a beautiful day in Key West. Town is full of people and some of them are opening their pocketbooks and buying homes. The news is so good that I had to post a mid-March report so that you people sitting on the sidelines may get off your duffs before … (1 comments)
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blog: Aversion to Conversion - 03/20/08 06:45 AM
A few years back when real estate was king in Key West a lot of property owners converted existing large properties into smaller living spaces which they then sold at inflated prices. They called those smaller spaces condominiums. Some of the conversions worked. Others did not. The huge landmark property … (2 comments)
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blog: 1800 Atlantic Condominiums - 03/19/08 09:24 AM
There has been a lot of sales activity at the 1800 Atlantic Condominiums over the past couple of months. Several units have either sold or are in the contingent or pending stage and are awaiting final closing.
And a few new units have also been added to the roster of … (0 comments)
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blog: Steal this property from the bank! - 03/18/08 09:29 AM
***FORECLOSURE***Steal this property from the bank. Minutes from the beach. Great for vacation home or investment. Bank pays title insurance to choose title company. What are you waiting for??????
That is how the listing Realtor describes the 900 square foot s bedroom 2 bath condo at 1419 Atlantic Boulevard. It … (2 comments)
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blog: Knock, Knock! - 03/15/08 03:00 PM
Expect the unexpected if you are looking to buy a place in Key West. And I'm not referring to prices or structural problems. Here are some examples of what you may encounter when you look at property. All examples are true.
Newton Street Station was an all male guest house … (0 comments)
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blog: Bank Foreclosure -- 3364 Pearl Avenue Key West - 03/12/08 01:59 PM
There are two town homes in the 3300 block of Pearl Avenue for sale. They are located next door to each other. The one at 3364 Pearl is a bank foreclosure and is listed at $299,000 or $231 per sq ft. It is a 2 bed, 2 bath unit on … (0 comments)
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blog: Value Buying in Key West - 03/12/08 10:21 AM
I have written many times about Old Town being the place to buy if you are looking for top value both short term and long term. And I've said that certain blocks within Old Town are more valuable than others. Proximity to certain locations or the "look" of certain blocks … (0 comments)
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blog: Huge Price Reduction -- 421 Simonton Street Key West -- Commercial - 03/11/08 09:41 AM
The asking price just got a lot better on 421-423 Simonton Street in the very heart of Old Town Key West. This property is the ugliest of ducks in Old Town. But the location is just about as good as it gets. The property is ripe for renovation and the … (0 comments)
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blog: Snow Place Like Home - 03/10/08 10:16 AM
When the weather up north makes the evening news I always thank God I moved to Key West. The snowstorm and tornadoes that hit the Midwest last week were devastating, and I make no joke about that.
I lived in Colorado for all of my life until I moved to … (1 comments)
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blog: 709 Bakers Lane Old Town Key West, Fl - 03/08/08 10:45 AM
Two of my friends from my former office are multi-million dollar real estate agents year after year. During their time off from their busy real estate practice, they renovate homes for fun and profit. They design each property for a discerning buyer and oversee all of the construction to make … (0 comments)
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blog: 826 Olivia Street Old Town Key West - 03/07/08 09:24 AM
First time to do this. Two blogs entries on the same day. So it must be important.
A local Realtor (who is also the owner) just listed 826 Olivia Street in Old Town. The house has been tastefully updated and is priced to sell quickly at $695,000 or $690 per … (0 comments)
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