gary thomas realtor: My First Loan and What I Learned About Buying on Credit - 08/27/16 10:18 AM

 
The Key West MLS is transferring to a new service provider this weekend. I have a new listing to add but can't because the system is not accepting new listings until Monday. So instead of writing about something I can't share, I thought I would share a memory of my first loan and the lesson I learned.
 
I have written about growing up in the little suburban town of Mountain View, Colorado - a suburb just west of Denver. I lived in this quite little burb through my formative years until 1960 when we moved a couple of miles to the south … (1 comments)

gary thomas realtor: 25 Sea Lore Lane, Key West - Price Reduction on Waterfront Home - 08/26/16 07:31 AM

The newly announced price reduction of 25 Sea Lore Lane on Shark Island Key is something for bargain shoppers to consider. Now the new price of $899,000 is still outside the reach of many would be buyers, but it is bargain as far as I am concerned because of the size, price per square foot, and highly desired location of this once elegant home. I say once elegant for two simple reasons. First the house is now 22 years old and is a victim of the passage of time and the change in what is popular in kitchen and bath design … (3 comments)

gary thomas realtor: 3513 Sunrise Drive, Key West - 08/25/16 05:54 AM

I know that when most prospective buyers start to think about buying a second home or maybe a primary home in Key West, they first think about finding a place in Old Town or maybe the swank Casa Marina Area. That's usually because they have never ventured out to see other parts of town and did not know the kinds of properties available. Today's featured property is located on the same street where Jimmy Buffet used to live. Click GOOGLE MAP for an aerial perspective of this newly listed home located at 3513 Sunrise Drive, Key West. Use the Google toggle … (1 comments)

gary thomas realtor: The Sarah Addison House - 916 Center Street, Key West - 08/24/16 07:10 AM

I have written about the wondrous creations of Key West folk artist Ronny Bailey on several occasions over the past few years. His work is so simple and pure that others think they can do the same thing. According to Ronny, several former builders such as himself have told Ronny they tried to create similar properties only to give up in utter frustration over how long and tedious the task.
Ronny is a Conch born and bred in Key West. He was a builder by trade until he hung up his tool belt a few years back. He started to fiddle with … (2 comments)

gary thomas realtor: 1435 South Roosevelt Blvd. #1001 - Key West - 08/23/16 09:12 AM

JUST LISTED 1435 South Roosevelt Boulevard #1001 in Key West, Florida is 2192 sq ft stand alone private residence in the Coconut Mallory Compound. Loyal readers may not recognize the address, but I am sure you know the location on the eastern shores of our lovely island home.
I added an arrow to show the location of 1435 South Roosevelt #1001. This photo was taken in the 1990s. Since then the Navy Hospital has been totally rebuilt and many of the buildings visible then are now gone. However, the historic three story Casa Roma Tower is still visible from the street and  … (0 comments)

gary thomas realtor: 1901 South Roosevelt #107 West, Key West - Price Redution at La Brisa Condominium - 08/09/16 05:12 AM

The asking price on La Brisa Condominium Unit 107 West was just reduced from $650,000 to $593,500. That's certainly something for potential buyers to celebrate as  La Brisa is located directly across from Smather's Beach in Key West.
The listing Realtor describes this 1099 sq ft unit this way:
"Live each day as if you are on vacation! Looking for a peaceful and calm beach home? A few steps from the azure waters of the Atlantic, directly across from white sandy beaches, you will find this renovated two bedroom/two bath condo. Offering spa amenities; salt water pool and spa, tennis court, his and … (3 comments)

gary thomas realtor: 1435 Flagler Avenue, Key West - Just Listed - Mid-Century Home - 08/07/16 07:21 AM

Just Listed, but not by me, 1435 Flagler Avenue in Key West, Florida. This is a genuinely interesting and inviting Mid-Century home located on a large corner lot a few blocks south the the Atlantic Ocean. If you, Dear Reader, are age 50 or older, you may have grown up in a house like this because it is typical of that time period. There are little touches here and there that hearken back to that era. And for the most part, this home has been untouched by time. While the listing Realtor calls this place a "fixer upper", I'm not so … (4 comments)

gary thomas realtor: 721 Southard Street, Key West - a Fixer-Upper in a Great Old Town Location - 08/05/16 04:52 AM

The little pink house as 721 Southard Street in Old Town Key West may not catch your eye as much as the beautiful yellow house next door. But it could and it should because it is offered for sale at the new reduced price of $575,000.  This legal duplex can be lived in "as is" or it could be remodeled and improved. The listing Broker, not me, describes the property this way:
"This property is in the heart of Old Town Key West in an X Flood Zone. Legal duplex but could be used as single family with guest unit/rental unit. This … (1 comments)

gary thomas realtor: 1509 Pine Street, Key West - Just Listed - 08/02/16 05:46 AM


 I took the two above photos in October 2006 as the eight Meadows of Key West town homes were being built. Four of the homes are located in the 1500 block of Petronia Street and the other four are located on Pine Street to the south. There is a private driveway at the rear which provides access to the each carport. Each home is built on a fee simple lot where the owner owns the entire lot and the home built upon it. Ten years later the once barren block looks like a typical block in Old Town Key West with … (2 comments)

gary thomas realtor: 1717 South Street, Key West - Bank Owned and Price Reduced! - 07/31/16 05:52 AM

If you have been hoping to  buy a fixer-upper, you might want to consider taking a look at  1717 South Street in Key West. It is Bank Owned. This is the third price reduction on this property.  The listing broker, not me, describes this home this way:
"Location, Location, Location! This oversized lot with a privacy fence that currently has a main house with 3 bedrooms and 2 bathrooms and a mother-in-law 1 bedroom with 1 bath. Property has a large pool and back yard great for entertaining."
The house and detached mother-in-law cottage total 1900 sq ft and sit on what used … (1 comments)

gary thomas realtor: 915 Windsor Lane, Key West - 07/29/16 09:06 AM

Just Listed, but not by me, 915 Windsor Lane, Key West. This 1541 sq ft home has multiple features that second home buyers covet when thinking about what they want in a home here including a very valuable City of Key West Transient Rental License.

The listing broker describes this home this way:
"Newly redecorated, transient licensed, 3 bedroom, 3.5 bath luxury townhome is part of a six home community, in the heart of the Old Town, just 3 blocks to Duval Street. The first level features an open floor plan living space with 10-foot ceilings, a gourmet kitchen, and sliding glass doors … (0 comments)

gary thomas realtor: Wrestling with Buyers in Key West - Part Deux - 07/28/16 04:51 AM

Two years ago I wrote a blog post titled "Wrestling with Buyers" where I related some frustrations I have had in selling real estate. I wrote  "I sell houses in Key West. I get most of my buyers and an occasional seller from what I write in this blog. People read what I write and ... probably judge me. Some buyers contact me to look at houses. Some buy houses.  Some do not. Some buyers ... are able to look at several properties and make a decision to buy and then negotiate a deal that is acceptable to them. Others struggle. … (0 comments)

gary thomas realtor: German Class Cheater - 07/21/16 02:57 AM

I was never a super-achiever in high school. Nor was I super-achiever in college or even law school, although I did much better in law school.
 
During our office sales meeting a couple of weeks ago I was discussing agents in my community that are posting their new soon-to-be-listed properties on ZILLOW, TRULIA, and FACEBOOK. Our mls rules require that listings be posted immediately in our mls and they do not recognize anything like a future listing. The point of having an mls system is to share information and to provide an even platform among agents.
 
I then recounted an incident in my … (1 comments)

gary thomas realtor: 3414 Duck Avenue, Key West - Bank Owned Commercial Property - 07/20/16 11:49 AM

Just Listed by Preferred Properties Key West - 3414 Duck Avenue # 8, Key West, Florida. This 5676 square foot office condominium is located in the Poinciana Plaza center in the New Town area of Key West. Other tenants in this center include the Key West Association of Realtors, an alternative medicine clinic, an art and framing store, a real estate closing and title agent, an insurance company, and a land surveyor.
The listing Broker describes the property this way:
"This commercial condominium has appx. 5,600 sq. ft.and can be reconfigured as needed. It is conveniently located at Poinciana Plaza with plenty of … (0 comments)

gary thomas realtor: PRICE REDUCTION - 611 Southard Street #5, Key West Florida - 07/14/16 06:55 AM

Years ago, when I owned what was then called Eaton Lodge (guest house on Eaton Street in Key West), a potential visitor called to inquire about making reservations. She asked "Is the island surrounded by water?"
A few weeks ago I wrote 611 Southard Street #5  located at the Hollinshed House Condominiums just one block from Duval Street in Key West. The unit has a highly desired transient rental license which means the unit can be rented nightly without any limitation as to the number of days or weeks that a vacationer might want to spend. The original list price was $525,000. … (0 comments)

gary thomas realtor: 621 Catholic Lane, Key West ~ Charming Wooden Cottage with an Historic Past - 07/13/16 06:48 AM

Just Listed 621 Catholic Lane, a charming wooden cottage located near the "dead end" of one of the slowest lanes in Key West. The lane is entered off Angela Street, itself a one-way street from heading west from Frances Street to Margaret abutting the Key West cemetery to the south.

This simple home was once owned by author Evan Rhodes (The Prince of Central Park among others). I found a photo of Rhodes and other Key West writers taken at Higgs Beach in 1984, the first year I came to this island that would become my home. I borrowed the photo from … (0 comments)

gary thomas realtor: There is No More Officer Goody - 07/12/16 09:26 AM

Just about a year ago this week I traveled back to Denver to attend my 50th high school reunion. Earlier in the day I went to what used to be Mountain View Elementary School located in the little town where my view of the world was born.  I attended school there from pre-school through sixth grade. My first grade class was the first to use the newly built addition to the right of the original red brick school house. I was a member of the baby boomer generation, but we wouldn't know about that then. Millions of us were born after … (17 comments)

gary thomas realtor: 862 Loggerhead Lane, Sugarloaf Key Florida - Bank Owned - 07/10/16 06:39 AM
CLICK HERE to view the Key West mls datasheet on 862 Loggerhead Lane located on Sugarloaf Key, Florida. Then please call me, Gary Thomas, 305-766-2642 to set up a personal showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. This house is worth looking at!
 
 
 
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gary thomas realtor: Key West Horror Story No. 4 - Once Removed - 07/07/16 05:53 AM

Long before I moved to Key West I did commercial loan workouts in for a bank in Denver. My job was to recover money from borrowers who lost their way in life and who refused to give back the money that they borrowed. This was at a time when character still mattered and failure to repay a debt went down on one's permanent record. My job entailed the management of outside bank litigation, foreclosures, recoveries of all types, and the sale and disposition of real estate acquired through foreclosure. Recovered assets were classified as OREO (other real estate owned) by our … (0 comments)

gary thomas realtor: Key West First Six Months Sales Report 2016 - 07/04/16 07:38 AM

I moved to Key West in 1993 because of the way all people are treated - as one Human Family. There are people here from all over the world and we all seem to get along just fine. Most of the people from third world countries are here on work permits. They work several jobs and many live in substandard housing. Many of these people work two or three jobs to save enough money to send back home to either help their families or to build a nest egg for their future.
 
A lot and I mean a lot of the workers … (2 comments)

 
Gary Thomas (Preferred Properties Coastal Realty, Inc.) Rainmaker large

Gary Thomas

Key West, FL

More about me…

Preferred Properties Coastal Realty, Inc.

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

Office: 305-294-3040

Mobile: 305-766-2642

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