Distress Sale: 1800 Atlantic Key West, Fl

This is how the listing Realtor describes the offer: "PRICED TO SELL!!! Take advantage of the best priced 2 BR & 2 BA at 1800 Atlantic Condominiums. Located on the tropical courtyard of the complex, the unit offers a 1357 sq. ft. floor plan. Amenities feature a secure covered parking garage, heated beach side Olympic size swimming pool, hot tub, 3 lighted tennis courts & 24 hour. security. Condo fees cover water, sewer, extended basic cable TV, monthly exterminating, exterior building insurance & maintenance."

Owners at 1800Atlantic have a 15 day first right of refusal period for any resales. Tenant in place through March 2008 at $4600 mo. The monthly condo fee is $887.71. CLICK HERE for more info on this specific unit.

The unit is located on the first level above the parking garage and has a courtyard view. It sits just above the trees so it is about as far back from the ocean and pool as you can get. CLICK HERE site plan and CLICK HERE for layout of unit. No interior pics are available. CLICK HERE to see the master bedroom of a similar unit.

The property was purchased in June 2004 for $540,000. It was listed for sale in December 2007 at $478,000. The asking price was just reduced to $398,500 or $294 per sq ft. The unit does not have a Transient License and you cannot transfer a license to this unit. But you can rent the unit on a long term basis, do monthly rentals, or use it as your own private residence or second home. This is NOT a SHORT SALE. Make your best offer.

CLICK HERE to checkout all similarly sized units without transient licenses so that you can compare the prices, views, interior finishes, etc. to determine if the unit listed here is a value to you. If it is and you would like more info or want to schedule a private showing, please call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com. Don't wait.