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50 Seaside South Court -Key West - Bank Owned - Luxury Water View

By
Real Estate Agent with Preferred Properties Key West
50 Seaside South Court is something a little different for a Bank Owned home. The four story luxury townhome is located at the eastern end of the Island of Key West and has direct water views. And here is the feature that sets it apart from most other properties in Key West: it has never been lived in.

The listing Realtor describes 50 Seaside Court South this way:

"This 4 level luxury townhome has never been lived in. Features include; 2 car garage, 6 balconies, sun roof, elevator, laundry room and ocean views. Kitchen has granite countertops and brand new stainless steel appliances. Key West Seaside Residence offers plenty parking, 2 large swimming pools, a fitness center and clubhouse."

CLICK HERE to read details posted by the listing Realtor and view photos in the mls. But let me add a few thoughts of my own regarding Seaside as a place to live and offer some suggestions about this unit in particular.

This property has 2736 sq ft of living space on four levels. You will find the garage, laundry,and storage on the ground floor plus about 500 sq ft of courtyard space which you might use as a private garden. This space faces South Roosevelt so you will get some noise from passing traffic. There are east facing balconies on each floor. And then there is that private rooftop sundeck where only God and people in low flying airplanes can see you. I was there on Sunday around 6:00 PM to take some photos. There just was not a lot of traffic at that time at that location. I was expecting more. I was surprised.

There are ocean views from the master bedroom and livingroom. The kitchen is on the top level on the west side, and it has a vaulted ceiling and sunset views. The building is poured concrete construction and has Category 5 hurricane rated windows and doors.

I sometimes ride my bike out to this end of the island in the mornings--before it gets hot. The ocean is calm. The runners, roller bladers, bicyclists, speed walkers, dog walkers, and just people who enjoy a casual walk populate the esplanade from 1800 Atlantic east past Smathers Beach all the way down to the point where Flagler intersects South Roosevelt. I drove out there late Sunday to take some photos and was suddenly reminded of how sweet this end of the island is. I could hear the birds yelling at each other about a food find. The temperature had cooled and the sun was preparing to put on a show its night show at Mallory Square. And I thought to myself that I could live there. I took in that view and envied those that get to see it everyday come rain or come shine.

One of the reasons people move to Key West is to experience living life on this island. It sometimes amazes me that some people end up living in places without any outside space. Being cheap can really be foolish. I mean why live in Paradise if you have to live in a room with no view or a place with no space?

I looked at the buildings and decided they are appropriately designed and built. They don't look like the charming little cottages and big Conch houses that populate Old Town Key West. But they do mimic the essence of Old Town architecture without copying it. Ships chandlers built many of the grand old Conch houses in Old Town in the 19th Century. These grand new structures were built by 21st Century architects, engineers, and contractors whose job it was to design and build housing that can withstand our sometimes intense weather and the demands of modern day living.

Snowbirds may really find a place like this enticing. There are two swimming pools, a little corner grocery, and even a day spa withing walking distance. This unit has a two car garage so you won't need to worry about your car getting rained on. It has a private elevator to travel from floor to floor. That makes carrying groceries a snap. The area is totally secured and the grounds professionally maintained. So all you need to do is unpack your bags--that is, if and when they show.

50 Seaside South Court is priced at $1,100,000 or $402 per sq ft. That's for all new, never been lived in space with quality finishes and an ocean view.

But Wait! The place next door at 51 Seaside South is also available. Same size as 50 Seaside South. But it is priced at only $950,000 or $347 per sq.ft. for the same sized space and same view, but it has been lived in a bit. (The seller on 51 Seaside South will contribute $10,000 towards closing costs. 51 Seaside South Court is NOT bank owned!) CLICK HERE to read the mls listing info and view photos of this unit. I am sure that you can get a similar place in Miami for less. But then you'd be in Miami!

If you would like to see 50 Seaside South or 51 Seaside South, or any other of the units in this complex, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties in Key West Florida.

Roy Kelley
Retired - Gaithersburg, MD

Nice property. Thanks for sharing this information. Best wishes for a quick sale.

Aug 31, 2009 01:56 AM
Gary Thomas
Preferred Properties Key West - Key West, FL
Realtor to the Dreamers

Disclaimer

The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.

 

Gary Thomas

Sep 03, 2009 03:38 AM
Gary Thomas
Preferred Properties Key West - Key West, FL
Realtor to the Dreamers

After showing one of the recent short sale and less expensive units at Seaside, I did develop an uneasiness about that property.

Seven of the less expensive units are for sale-all below the price for which they were purchased. If they sell somewhere in the $400s, which I assume they will, I am concerned that other owners may decide to walk away as did a lot of the owners at the Golf Club and at 1800 Atlantic and The Shipyard. That "walk away" could trigger a further downward spiral on the development as a whole.

I misjudged the number of units that would be affected at 1800 Atlantic. I got it wrong.

I hope my assumption about potential price spiral downward for Seaside is incorrect. I don't want the owners out there to go through the financial and psychological trauma that has beset the owners at the Gold Club and other Key West condo and town home developments.

That is the reason that I added the reminder that my writing about any property, but especially Seaside, is not a recommendation to buy or not to buy. Readers must use their own judgment and rely on advice from professionals regarding their particular circumstances as they relate to a potential purchase of real estate.

Gary

September 4, 2009 4:50 AM

Sep 03, 2009 11:12 PM
Anonymous
Paul H.Bortz Sr.

Looked at Seaside over the New Years Hoilday! Ready to put a offer on a short sale, but have this strange feeling I'am not getting the total facts. Would you say this HOA is in some trouble? Are they loosing tenants and HOA is not that stable? I love the location and it would seem the property is very well kept, but I don't want to be buying into a develpoment that is in trouble.

 

Thanks for your help and time! Like the way you tell the facts!

 

Paul H.Bortz Sr.

Feb 01, 2011 02:56 AM
#4
Gary Thomas
Preferred Properties Key West - Key West, FL
Realtor to the Dreamers

Look to your realtor for that advice.  There are many,many units for sale. That ought to make any buyer very concerned.

Gary

Feb 01, 2011 06:36 AM
Anonymous
Mary

Hi Gary,

I'm currently looking for a longterm rental in KW.  I've lived in KW for several yrs. and I'm currently up north but expecting to return to KW  over the summer. Do you have any rentals in Seaside? and where exactly is it located?  I'll wait to hear.

                          Thank-you,

                                        Mary Leen

May 11, 2011 09:23 AM
#6
Gary Thomas
Preferred Properties Key West - Key West, FL
Realtor to the Dreamers

Mary, I do not do rentals. Sorry.

Seaside is by the airport on the easternmost point of the island.

Gary

May 11, 2011 10:26 PM