key west real estate blog: Former Key West Association of Realtors Executive Gets Prison Time for Embezzlement - 06/18/18 07:43 AM

                                                                                                               Photo credit Key West Citizen
Ydaris Wood, former executive director of the Key West Association of Realtors, was led out of Monroe County Circuit Court in handcuffs last Thursday after being sentenced to five years in prison to be followed by twenty-five years on probation. She was … (5 comments)

key west real estate blog: 723 Southard Street, Key West - High and Dry on Solares Hill - 06/13/18 07:54 AM

723 Southard Street sits on one of the highest locations in Old Town Key West near the tippy-top of Solares Hill - the highest point on the island. This 2 bedroom, 2 bath home with a large family room has three walls of sliding glass doors which open to the new heated and chilled pool. The gourmet kitchen has granite counter tops, Bosch stainless steel appliances, vaulted ceiling and a dining area with a wall of glass. Crown molding, designer lighting and beautiful heart of pine floors throughout make this one of the most appealing homes available a this price-point.

I found … (1 comments)

key west real estate blog: Key West Horror Story No. 11 - 06/03/18 08:23 AM

 The ten days after Hurricane Irma were about the most difficult days of my life. I had a little damage to the roof of my house  I lost parts of my fence after not-all-that-tall trees fell upon it. And I was without power and potable water for more than a week. I stayed with friends and we made the best of it. I stayed in Key West for the storm and was lucky enough to learn my house was okay in spite of the minor damage.
During the next two days I went by many of the houses I had sold to … (2 comments)

key west real estate blog: Key West Real Estate Sales Report - June 2018 - 06/02/18 07:47 AM

I took the above photo a few years ago. It shows the sleek metal spiral staircase in a modern addition to an historic home in the Old Town Key West. The photo is a bit symbolic of real estate prices in most parts of the county which go up and down. I have been selling real estate in Key West for the past twenty-two years where, save for the 2008 Recession and a couple of years thereafter, real estate prices have gone up an average of ten per cent or more each year.
I have become more and more pessimistic by the … (0 comments)

key west real estate blog: 715 Frances Street, Key West - Quintessential Eyebrow House - 05/25/18 02:26 AM

If you are a longtime and loyal reader of this real estate blog, you may remember that I have written several blogs about 715 Frances Street several times over the years. It is one of the most visible of all the eyebrow houses in Key West. It was built circa 1896 and has been renovated to some degree by each of the recent owners. The current owners have done a masterful job in editing and refining prior renovations and adding their touch to make this home a genuine gem. This is not real estate mumbo jumbo.  Let's take a look at … (2 comments)

key west real estate blog: Key West has Fake Grass - 05/18/18 05:09 AM

During the height (or depth) of the 2008 Recession (which lasted into 2012 or so), I was taking photos of a bank owned home located in the South of Truman Area of Old Town Key West. A neighbor came outside to talk to me and told me a family member of his used to own the bank owned property. And then he related the tales of woe as to what lead to the demise of the once prized property.
As we stood in front of his personal abode he told me worked for the Florida Keys Aqueduct Authority, our local water company. … (5 comments)

key west real estate blog: Two Presidents in Key West - 05/15/18 07:18 AM
 President Trump was in Key West a few weeks ago. I once said I wouldn’t walk across the street to see him even if he came here. But when it was announced that he was coming and would be driving past the block where I live, I did walk to the corner to watch him pass. 
I stood in the glaring sun for twenty or thirty minutes at the corner of Von Phister and White Street. The motorcade turned from Atlantic Boulevard onto White Street and sped towards us at lighting speed. First there were several Key West motorcycle police, then a … (2 comments)

key west real estate blog: 317 Catherine Street, Key West - 05/10/18 07:55 AM

I have lived in Key West for the past 23 years and have watched as this little old drinking town with a fishing problem has changed, much for the better, and sometimes for the worse. But it is still the place I would rather be than any other place on Earth.
The two above photos show 317 Catherine Street photographed about 53 years apart. The black and white photo was taken in 1965 and the color photo just recently. The house, built around 1923,  was typical for many of the other houses in the area. It was small, but it was big … (3 comments)

key west real estate blog: In the Key West Closet - 05/05/18 05:10 AM

I check the Key West MLS hotsheet constantly throughout each day. It is important to know about each new listing and also be aware of price reductions and houses that go under contract. Just as important are new solds as they indicate what has sold, at what price, and identify the agents who listed and sold the property.
A few days ago I was drawn to the sale of little home a few miles outside of Key West. I seldom drive that far to show a house as most of my buyers want to be in Key West, and, more particularly, in … (5 comments)

key west real estate blog: Key West Real Estate Horror Story No. 10 - 05/04/18 06:37 AM
Today's blog is another in my series telling tales involving real estate gone bad. Previous blogs dealt with death and destruction. Today's tale is but a report of a deal gone terribly wrong where I imagine the participants shrieked to the heavens when they discovered a ghoul had got their goat. I am a reporter of this event and not a participant.
Several years ago the principal broker of a large real estate company in Key West decided to list his personal home for sale. I will call him "Philn.
The principal broker of an equally large real estate company, who I will … (5 comments)

key west real estate blog: 620 Thomas Street #283, Key West - Transient Licensed Shipyard Condominium - 05/01/18 03:52 AM

620 Thomas Street #283 is a second floor two bedroom Shipyard Condominium located about fifty feet from the community pool, one block from the new Truman Waterfront Park, and three blocks to Duval Street. It has a valuable special Truman Annex Transient Rental License. What more could you want?

Truman Annex Community is located three blocks from world famous Duval Street in Key West. The Shipyard Condos have been weekly rentals for perhaps hundred of thousands over the past two decades. Although the units were built around the same time, each is a bit different in current condition. Some places have been … (5 comments)

key west real estate blog: Don't Do Stupid Things! - 04/28/18 06:13 AM

Today's blog has nothing to do with real estate except, perhaps, to have a burglar alarm and a warning to homeowners not to do something stupid.  Stupid people often end up on America's Funniest Home Videos or dead.
On  a cold gray day in early December 1981 I returned to my Capitol Hill home in Denver about an hour or so before normal.  I normally rode the bus to work and left my Mercedes 450 SL in the garage. I owned the Denver four square house pictured above. I friend who had sold his house and was in the process of moving … (11 comments)

key west real estate blog: Gary's Got a Secret Listing in Key West - 04/18/18 04:35 AM

I received a phone call a couple of days ago from a lady who said she wanted look at such and such address. I then asked her if she had read a blog I wrote about that house. She said yes. I asked the date. She said it did not have a date. I said all of the blogs are dated, but I did not want to debate that point. I had a potential buyer for a house - I found the blog which I wrote in early 2014. (The date was in the upper left hand corner of blog.) The … (3 comments)

key west real estate blog: 1311 Catherine Street - Just Listed - Adorable Renovation - 04/17/18 10:11 AM

Just Listed, but not by me, 1311 Catherine Street, Key West. Long time readers of my little blog may recall seeing the same house featured here four years ago when it was a bank owned property. I took the photo below in 2014 to show the "potential" about which I wrote. That potential was achieved to a greater extent than I could have imagined.

 The listing Realtor describes 1311 Catherine Street this way:
"This ideal conch cottage is perfectly located to enjoy everything Key West has to offer. On the edge of Old Town, this 2 bedroom, 2.5 bath is sure to … (0 comments)

key west real estate blog: 1028 Virginia Street, Key West - 04/04/18 12:18 PM

The new listing at 1028 Virginia Street, Key West is located about one block west of White Street. This property is located in the Old Town area known as South of Truman. CLICK HERE for a GOOGLE MAP aerial view of the area. You will understand why the lot is so large - two separate houses were combined years ago to create one larger property that today measures 48' X 85' or 4272 sq ft.  The aerial view shows and the City of Key West recognize three separate living units on the lot..
Even as early as 1965 when the above black … (6 comments)

key west real estate blog: Happy Easter Everybody! - 04/01/18 06:03 AM

Gary Thomas | Realtor | Preferred Properties Key West

key west real estate blog: Key West - Is that all you got? - 03/31/18 07:49 AM

I think a lot of people think selling real estate is easy. A Realtor simply sticks a sign in the ground, puts pictures in the MLS, and buyers show up to buy a house.  A Realtor then sends the contract to the title company and a big fat check is wired to the agent. That would be great. But that is not what happens.
I remember the time I had a particularly bad day. (Wait, as I write this I had a flash - when is that not the case? I have so many bad days.)  I got a call from my … (3 comments)

key west real estate blog: Odds Are You Lose. Why Waiting for the Right Time Fails - 03/27/18 08:01 AM

Today's blog entry is for you disbelievers and prophets of doom and gloom who believe the asking prices will go down and not up. I will concede that the asking price on a lot of our housing stock has been priced too high and that a lot of homes have not sold because common sense tells us a particular place is just not worth what some sell wants it to be worth. In the past couple of months there have been more daily price reductions than closed transactions posted to our local MLS.
There have been 114 residential sales in Key West … (2 comments)

key west real estate blog: Twisted Key West - Egg Beats Tourist - 03/12/18 05:02 AM

This is a true story. The guy in the photo has nothing to do with today's story except that he was a Key West taxi driver and tour director. His name was Ramon Navarro, and no he wasn't the famous actor of the same name. Mr. Navvaro was famous for showing tourists around Key West in style.
Back in the 1890s horses were the primary horse and buggies moved people up and down Duval Street past 336 Duval pictured above. The building was once the school. Years later it became the home of Knight Realty, later Prudential Knight and Gardner Realty, and … (2 comments)

key west real estate blog: Open House Today - 713 Emma Street, Key West - 03/11/18 04:43 AM

March 11th
12:00 to 3:00 PM
713 Emma Street, Key West

This is a sweet two story condominium in a small condominium association of only four units all built in 2005. This two bedroom, two and one-half bath unit has a first floor/office with half-bath that can double as a third bedroom The unit has GE Smart House technology and is outfitted with Viking Range, SubZero refrigeration, crown molding, high baseboards, Brazilian cherry hardwood floors, recessed lighting, and lots of features you'll won't find in other condos or single family homes priced below $700,000. I'm confident of that. If you doubt this … (3 comments)

Gary Thomas (Preferred Properties Coastal Realty, Inc.) Rainmaker large

Gary Thomas

Key West, FL

More about me…

Preferred Properties Coastal Realty, Inc.

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

Office: 305-294-3040

Mobile: 305-766-2642

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