Bank Owned - Key West - Waterfront - Affordable Family Home

Real Estate Agent with Preferred Properties Coastal Realty, Inc.


1627 Venetian Drive - Key West

Just listed, but not by me, 1627 Venetian Drive in Key West. The listing Realtor describes this 1599 sq ft ranch located on the Venetian Canal this way:

"BANK-OWNED 3/2 CBS home on the only canal system in Key West. Some recent upgrades have been done but waiting for your personal touch!"
The Venetian Canal - quick access to the Atlantic Ocean


Rear yard and deck need some imagination

This Bank Owned house is located one house from the end of Venetian Drive. CLICK HERE for a Google Map aerial view of the immediate area because that location and the canal will either attract you or deter you as a potential buyer. The Key West International Airport is located just south of the property- perhaps half a mile away. If you are outside you can hear airplane engines revving up as they prepare to take off. But you cannot hear them inside the house. This house and most in the immediate area received FAA window, door, and air conditioning modifications within the past few years. The cost varied by property but most averaged a bit more than $40,000 in improvements to individual homes.

Having a house like this located on a canal affords you the opportunity to be on open water within 15 minutes or so. Use the Google Map toggle switch and view the location from a higher perspective. Then imagine taking your boat out for your own sunset cruise any night of the week you want for as many nights as you want. Or imagine going fishing whenever you want. That is why people buy houses on the canals in Key West.

The house at 1627 Venetian sits on a 56' x 100' (5600) sq ft lot. The front is minimally landscaped. The rear has a seawall that runs the property line. Like all of the houses on the canal, this is equipped for boat storage. There is a bit of covered area off the master bedroom. I think a new homeowner could have some real fun dolling this space up and making the rear much more functional and certainly more attractive. The back area is protected from late afternoon sun so the outside could be a great retreat if a new owner puts some of his or her HGTV style ideas to work.

The inside of the house is in good condition. A prior owner updated the kitchen and installed attractive tile (same tile) in all rooms. (Sometimes people with good intentions do some very stupid things when selecting tile. This is not one of those instances.

Newer kitchen

The house has three bedrooms and two baths. The master bed and bath are totally private and are located at the rear of the house. Doors lead from the master bedroom to the covered outdoor area. The master bedroom is quite large and provides space for more than just a bed and dresser. A second bedroom, nearly as large as the master, is located across the center hall. That bedroom has windows on two walls and is nice and sunny. The third bedroom is located at the front of the house. There is a separate room I will call a study or kid's room is located adjacent to the living room. It has ready access from the carport and rear exit off to the back yard. This room also opens into the living room. It could provide lots of uses to a family.

Master Bedroom with access to covered patio


Master Bedroom is on the other side of those doors


Second large bedroom

1627 Venetian Drive is offered at $444,900. CLICK HERE to checkout the Key West mls database on this Bank Owned property. I took photos of all the rooms and the outside. You can see those photos if you CLICK HERE.

This house was previously listed for sale at a much higher price. The listing agent then said that this property did not flood during Hurricane Wilma.

If you are looking for a family home in Key West and like the idea of having boating access as a part of the purchase price, please consider working with me, Gary Thomas, 305-766-2642. I am a buyer's agent and a full time Realtor at Preferred Properties Coastal Realty, Inc.


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Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS

Gary - I have to say, this one sounds a bit high-priced to me, but I'm not in your local market, and I do not see very many canal front homes in Key West.

May 04, 2011 06:18 AM #1
Gary Thomas
Preferred Properties Coastal Realty, Inc. - Key West, FL

Carol, This house sold in October 2006 for $900,000.  I imagine sales price will be lower on this house becuase of location. There is a lot of family space here and I don't think it will cost all that much to makethe outside look better. 


May 04, 2011 06:43 AM #2
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