key west: 8 Passover Lane - Key West - Story Book Cottage
- 12/04/08 03:29 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 the three cottages on the lane. I can see some readers thinking Gary must be nuts. But read on. This is how the listing Realtor describes the home: "Absolutely perfect story book cottage in one of the most desirable locations in Old Town. Step onto the rocking chair front porch and … (2 comments)
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key west: More Bank Owned Key West Properties
- 10/10/08 06:55 AM
A few weeks back I wrote about the new listing at 1119 Von Phister a bank owned property that happens to be right next door to where I live. I totally forgot until yesterday that I almost bought that house in 2004. I had plans to renovate it and sell it for a bunch of money. The house sold quickly after it was listed so I thankfully never got the chance to buy the beast. (I'm not putting that property down. Any renovation becomes a beast in my opinion.) Today stock markets all over the world have moved steeply downward. The … (0 comments)
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key west: The Flim-Flam Short Sale
- 10/09/08 05:35 AM
One of the better morality movies from the 1960's was George C. Scott's The Flim-Flam Man. He played Mordecai Jones - a penny-ante con man that rode the rails and took the money of Southerners. "You can’t cheat an honest man" was his motto. But he had no trouble cheating would-be cheaters. I have seen several properties that have been offered as "Short Sales" in the Key West Association of Realtors MLS that are Flim-Flam. Flim-Flam can be defined as "a trick or deception, especially a swindle or confidence game involving skillful persuasion or clever manipulation of the victim". The concept … (0 comments)
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key west: 804 Elizabeth Old Town Key West Historic Eyebrow
- 10/06/08 06:30 AM
804 Elizabeth Street in Old Town Key West is a quintessential classic Key West “eyebrow” style home complete with two saw tooth additions. One sawtooth addition is the formal dining room with vaulted ceiling. Just behind the dining room is the second sawtooth addition (probably the "cook house" in olden times) with its authentic naturally weathered wood vaulted ceiling. The owner has been careful to preserve the Dade County pine walls in the older parts of the house. Upstairs there are even some of the original floors. This home is a great example of the transition from old eyebrow house to … (1 comments)
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key west: Bank Owned Homes in Key West
- 10/03/08 04:02 AM
I just created a new list of Bank Owned Homes in the Key West area. Homes from Old Town up to Sugarloaf Key. CLICK HERE to checkout the list. I must add that the list does not contain all bank owned properties. Some Realtors have not entered all of their listings in the mls. Some out of town Realtors (like some from Tampa and Miami) have access to our mls but do not necessarily follow our rules and don't always get their listings entered correctly. There are some dogs on the list. Some of the houses have had the kitchen appliances … (0 comments)
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key west: Key West Short Sale Opportunities
- 10/02/08 04:12 AM
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 payment of of an amount less than is actually owed. In yesterday's blog I reported that about one-half of the single family home and condo sales in Key West were either short sales or bank foreclosures. Short sales occur when troubled borrowers try to sell the property prior to foreclosure in hopes of salvaging part of their credit worthiness. Many short sales fail but others are succeeding. So I … (0 comments)
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key west: Out of Business
- 10/01/08 03:07 AM
Those of you who come to Key West know the Pegasus Hotel at the corner of Southard and Duval Streets. There are several store front shops on the Southard Street side including the now Out of Business Psychic. The Psychic of all people should have seen the downside--you'd think. It's that time of the month again. Time to recap what happened in the Key West real estate market for the month of September 2008 and to compare it with the same time for previous years. I've said before I am not a numbers guy. I guess I'm in the wrong business … (0 comments)
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key west: A Done Deal for Sure!
- 09/25/08 08:08 AM
Way back on May 14th I wrote about a new Short Sale that I thought looked interesting. It was a recently remodeled home at 917 United Street in Key West near the Casa Marina area. CLICK HERE to read what I wrote then. That nifty house just sold (closed). The original asking price was $1,749,000 or $1,242 per sq ft. That was in January 2007. The property was re-listed with a new Realtor in April 2008 at $995,000. It was offered as a short sale and the property went under contract on June 13th. It sold/closed today for the price of … (0 comments)
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key west: Other People's Money
- 09/24/08 01:35 AM
I don't like the idea of a bank bailout one bit. It will reward incompetence and greed. It will not teach anyone anything other than that Big Brother will come to the rescue of those who have power and influence. It will cost taxpayers an unimaginable amount of money and lost opportunities. The Wall Street mavens created this mess by screwing with private home ownership and turning it into investment vehicles that could be bought, sold and traded at a profit (or a loss). The mavens got rich and earned incredible salaries, bonuses and stock options based on the their production. … (5 comments)
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key west: 408 William Street - Old Town - Key West
- 09/22/08 04:29 AM
Just Listed (but not by me) 408 William Street, Old Town, Key West,Florida. This historically important home known as the Richard Roberts House was brought to Key West from Green Turtle Cay in 1847, and settled into its current home on one of the best streets in Old Town. It has received numerous Local and State historic preservation awards. Currently it is configured with 3 Bedrooms 3 Baths, 2 offices, large living and dining rooms, and FOUR covered porches, two on each side of the house and on both floors. Interior walls are wood and the floors are heart pine. The … (0 comments)
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key west: 716 Southard Street Old Town Key West
- 09/18/08 02:14 AM
Just Listed (but not by me) 716 Southard Street in the heart of Old Town Key West. This is the one you have been waiting for. Adorable sawtooth, two bedroom, two bath home in the most desirable area of Old Town Key West on the top of Solares Hill between William and Elizabeth Streets. The property was renovated in 1999 and has an open floor plan with vaulted ceilings in the living areas and bedrooms that creates a very bright and airy feeling. Master bedroom with bath en-suite. Custom lighting and gorgeous hardwood floors. French doors open to your covered outdoor … (0 comments)
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key west: Key West Dreamin' - But Not Make Believin'
- 09/17/08 05:28 AM
I was looking at one of those slick destination magazines last night. You know the kind I'm talking about. Magazines that promote destinations like Aspen, Vail, La Jolla, Palm Beach, Savannah or Charleston. Magazines that feature photos of designer show homes, fancy restaurants, hot spots, trendy fashions, and society types. There was a full page ad for new homes that were built to look old. The ad read "FRONT PORCH FUN At Hibbben, we're reintroducing the front porch. A place to laugh and have fun with the whole family. A place to cool down after a hot summer's day. A place … (2 comments)
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key west: Key West Beach Club Condos
- 09/15/08 02:29 AM
Not everybody wants to own a place directly on the ocean where you can wake up in the morning to the sound of gentle surf rolling ashore just below your bedroom window. But a whole lot of people would love the opportunity to own such a property. Especially if it were affordably priced and located in Key West, Florida. Well this is your opportunity. I have written before about the desirability of the Shipyard Condos in Old Town and the much larger units at 1800 Atlantic Blvd. to second home owners. The location, size, and creature comforts of each has made … (2 comments)
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key west: 1800 Atlantic Condominiums --Key West
- 09/13/08 10:51 AM
"When you finally feel like you are really there. Warm sand." CLICK HERE to see why so many people travel so far to enjoy Key West. Most people in the United States work 50 weeks a year just to make enough money to have a vacation. For many people it isn't even the cost of a vacation, it is their jobs that prevent them from taking more vacations. I used to live in the real 9-to-5 world, but I was smart enough to plan trips around three day weekends to stretch my vacation days. And I always looked forward to my … (0 comments)
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key west: Hidden Treasure - 529 Margaret St. Old Town Key West
- 09/06/08 07:57 AM
My favorite Realtor (not me) just listed a very cute, clean, and well priced two bedroom / one bath home in Old Town that was totally updated in the last two years. The asking price is only $599,000 or $922 per sq ft. The two story home is located at 529 Margaret Street and is tucked away down a bricked and nicely landscaped path away from the street. Michael's Restaurant is located across the street as a quick reference point. The house was built in 1978 so it is not old and creaky. The recent remodel spiffed up the place just … (3 comments)
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key west: 1119 Von Phister St. - Key West - Bank Owned
- 08/30/08 05:39 AM
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 it is a great buy. And let me tell you about the neighborhood and why you might just want to live there. The original house is constructed of Indian Blocks, a building material used in maybe 30 of the older homes in Key West. The man who owned the house before … (0 comments)
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key west: The Curry House - Key West - For Sale
- 08/29/08 02:50 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. The Curry House, on the other hand, is located just far enough from Duval at 806 Fleming Street to be convenient, but not burdened by the noise and commotion. CLICK HERE to view the website of The Curry House. This is how the listing realtor describes this listing. "Boasting classic Old … (0 comments)
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key west: 1601 Patricia Street Key West - Short Sale Opportunity
- 08/28/08 01:59 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 you will find a better deal in that price range. Spanish tile throughout, new bathrooms, new kitchen and tropical landscaping on a spacious 6300 sq ft lot. The living area flows throughout the house with French doors leading to the heated pool and spa. Covered lanai overlooking the pool and spa. … (0 comments)
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key west: Bank Owned Homes in Key West
- 08/27/08 04:51 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 Special Assets Department for a bank in Denver. We had our share of bank foreclosures. Banks don't want them. A lot of lenders have been doing some aggressive restructuring in the form of short sales to limit the amount of new foreclosures. But there will still be more foreclosures for some … (0 comments)
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key west: Ocean Front Condo - Key West
- 08/22/08 06:51 AM
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 second home or income property in Key West. Not all jewels are located in Old Town. If you are looking for a condo with two transient licenses, this gem may pique your interest. Here are the details: Unit 421 Beachside Resort is a 1357 sq ft a 2 Bedroom 2.5 Bath, … (0 comments)
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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 the three cottages on the lane. I can see some readers thinking Gary must be nuts. But read on. This is how the listing Realtor describes the home: "Absolutely perfect story book cottage in one of the most desirable locations in Old Town. Step onto the rocking chair front porch and … (2 comments)
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