investment: 812 Simonton Street, Key West - Transient Licensed - 10/27/14 01:21 AM

Just Listed 812 Simonton Street in Old Town Key West. This new listing is offered as either a single, stand alone one bedroom cottage in the rear with a valuable transient rental license or as two building investment property with a total of four units, two of which have transient rental licenses.


I found a couple of old photos taken fifty years ago that show the front house and rear cottage that make up this property. Even back then it appears the original wood front porch was removed and a cinder block addition added to provide a bit … (1 comments)

investment: 1311 Petronia Street, Key West, Florida - 10/24/14 04:17 AM

Just Listed by referred Properties (that's where I work but this is not my listing) 1311 Petronia Street which is located in the Meadows Area of Key West. The listing Realtor describes this 1272 sq ft property as
"Property is presently set up for 3 rental units and a bonus unit in the back for owner or caretaker. Could easily be converted back to a single family home. Has had some remodeling and updates. Great quiet neighborhood with ample on street parking."
I looked through my old shoebox and found a photo taken in 1965 that shows this property when … (0 comments)

investment: 415 Bahama Street - Old Town Key West - Tropical Oasis with 4 Transient Licenses - 09/12/13 11:28 PM

Just listed, but not by me, 415 Bahama Street in the Old Town area of Key West. I found what I believe to be 415 Bahama Street on the 1889 Sanborn Fire Map of Key West. The houses were not numbered the same in 1889 as they are today. But the location of the house is in scale with the other properties that are (or were) located on that block.  If you love "old houses", you're gonna really love this one.

 In his book The Streets of Key West J. Willis Burke tells us that in the past Bahama … (0 comments)

investment: 522 DuPont Lane # 1 - Key West - Transient Licensed Single Family Home - 03/06/13 08:03 PM

Just listed by Preferred Properties, that's where I work but this is not my listing, 522 DuPont Lane #1 in Old Town Key West.  If you have been dreaming of buying a place in Key West that you could rent when you are not using the property, this home may be the answer to your dreams.  The listing Realtor describes the property this way:
"TRANSIENT LICENSE! One half block from Duval Street with PARKING and a great pool and outdoor dining pavilion. There is one bedroom downstairs with an en suite bath and there is also a half bath downstairs. … (1 comments)

investment: Beautiful Arts & Crafts House - Bank Owned - Key West - 03/26/10 09:09 PM
 
This Old House as it looked in 1965 A local bank recently foreclosed and now owns the old house pictured immediately above. The old black and white photo was taken in 1965. Until a couple of months ago this property looked a little worse for wear. The years took their toll. Owners came and went. And then the lender did what lenders do when loans are not repaid as agreed: it foreclosed. But instead of letting a decent asset sit and fester like a lot of Big Banks that are Too Big To Fail do, the local bank did the … (1 comments)

investment: 1012 Varela Street - Bank Owned - Key West - 03/20/10 12:28 AM
Attention Bargain Hunters: This BANK OWNED property 1012-1014 Varela Street may be the bargain you have been looking for. Here's why. This two cottage assemblage is located in the Viva Varela Condominiums just a stone's throw south of Truman Avenue in the Old Town area of Key West. The front cottage consists of a good sized living room with two story vaulted ceiling. The walls and ceiling are Dade County Pine. Thee is a small bedroom downstairs and the master bedroom is on the second floor. It is accessed by a spiral stairway from the living room. The master bedroom is … (0 comments)

investment: Bank Owned - 1318 Duncan Street - Key West - 10/23/09 01:43 AM
A few years back when the cost of single family residential housing in Old Town Key West got to be nearly prohibitive for all but the super rich, several larger old properties and some former apartments were converted into condominiums. As the market heated up even those units started to get quite expensive. Such was the case of the four unit complex at 1318 Duncan Street. The main house was quite large and got divided quite naturally. The larger downstairs unit (1188 sq ft) became Unit # 1. The upstairs unit is 750 sq ft. It became Unit # 2. Two … (1 comments)

investment: 921 Eaton Street - Old Town - Key West - Bank Owned Duplex - 03/13/09 07:47 AM
I can already hear the chorus beginning to chant "location, location, location" or something like that as a reason not to even consider this cute two story duplex that in a newly listed Bank Owned investment property. The property is located at 921 Eaton Street. Busy street during the daytime, for sure. Quiet at night, however. Asking price for this 1240 sq ft property near the corner of Eaton & Grinnell Streets is only $424,900 or $343 per sq ft. CLICK HERE to see the listing information provided in the mls. And CLICK HERE to see additional information that the previous … (0 comments)

investment: Compound Investment -- Key West - 05/30/08 03:45 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 large 8400 sq. ft. lot. The compound is priced at $345 per sq. ft. That is a very good price for a property like this. 610 Petronia is located just east of the Merlinn Inn Guest House and down a private lane. So the compound is one of those special island … (1 comments)

investment: Money Maker? - 01/27/08 02:59 AM
There was a segment on the TODAY SHOW last Friday about a San Diego couple that is suing their former Realtor for professional negligence among other claims. Buyer claimed "the agent was negligent in not telling them about other houses that sold for less, including one three doors away that has a pool and sold for $105,000 less and another that was considerably bigger that sold for $175,000 less." GO HERE to read the story or watch a clip. We have a Realtor in Key West that advertises himself as a "Real Estate Expert". Even before learning of the above referenced … (0 comments)

 
Gary Thomas, Realtor to the Dreamers (Preferred Properties Key West)

Gary Thomas

Realtor to the Dreamers

Key West, FL

More about me…

Preferred Properties Key West

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

Mobile: 305-766-2642

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