862 Loggerhead Lane, Sugarloaf Key Florida - Bank Owned

Sometimes when I go through my old shoebox looking for photos to put in my blog, I see pictures of the way life used to be in Key West and environs and I wish that I could go back to those simpler times. The above photo was taken at Rest Beach in 1937. This was in the Great Depression when life was hell for most Americans. But still on that day and at that location life was wonderful. It still is in Key West and our nearby islands.

I often write about the slow lanes of Key West. Well, I found a real slow and quite friendly lane not too far from here. If you are a buyer who is looking for an affordable home located near Key West, this Bank Owned three bedroom two bath house located at 862 Loggerhead Lane on Sugarloaf Key may be the place you have been hoping to find. This is a stilt house meaning it is built on concrete piers. The home has 1285 sq ft of interior living space plus a very large second floor rear porch overlooking the canal below. Read on my friends because there is more here than you might imagine.

I took a photo of the house across the street from 862 Loggerhead Lane which sits on a larger lot and is obviously a more impressive home. It shares the same location and has the same soil and sunshine. The other houses on this lane are mix of smaller homes like today's offering and others just about as nice as the house above. I missed 862 and drove to the end of the lane. The owners of one house were exiting their front door and waived at me as I drove by. When I headed back they waived again. I thought to myself how great a little lane this is. When I arrived back at 862 and saw the house across the street I immediately recognized that this place has a lot of potential.

I walked up the exterior staircase and entered into the living room. It looks to be freshly painted as do most of the other rooms in this house. There is a door that opens out to the second floor deck. The kitchen and dining room are located opposite. Then I noticed a bank of windows looking east and saw the home across the street. I thought to myself this home has potential!

There are three bedrooms and two baths in this home. The master bedroom with en suite bath are located at the far side of the house. The two guest bedrooms are located just off the living room separated by a center hall where the guest bath and laundry are located. It wasn't until I got back to my house and started to write about today's blog that I realized the Key West mls datasheet (below) may be in correct as to the physical size of this house. That potential error, if it is an error, is because the data on this house and all others is automatically populated from the Monroe County Property Appraiser records which show this house as being 1285 sq ft. The typical stilt built home like this is 1200 sq ft. But this home has three bedrooms and is much larger than that. Many homes built in the same era as this (1988) have front, side,and rear porches with access doors so that homeowners can walk on the decks to install shutters in the event of a storm. But this house has only the rear deck..

The property appraiser website shows a building permit was issued in 1994 to "enclose porch". I think the front porch was totally enclosed and that the side porch became an addition. I checked the prior mls listings which showed this house as being 1389 and 1581 sq ft. The correct size will be determined when this home is appraised for a new mortgage.  But it will have an impact on what you will have to pay when you make an offer. The home is listed at 1285 sq ft which equates to $2800 per sq ft. If the house is actually 1581 sq ft the price per sq ft would amount to $227 per sq ft.

There's more good news! The roof was replaced within the last two months. There is new carpeting in the bedrooms. This pretty much makes this home move-in ready. You're gonna need to buy a refrigerator, washer, and dryer. Otherwise, bring your toothbrushes and start to create your new home on this lovely lane.

862 Loggerhead Lane is located about 20 miles (25 minutes) from Old Town. The Sugarloaf schools are located on Crane Boulevard which happens to be the main road that leads to to this house. Your kids could walk to school in about ten minutes or so. If they walk. CLICK HERE to view more photos of this house and the school.

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!