522 Elizabeth Street, Key West, Fl

By
Real Estate Agent with Preferred Properties Key West

I have been waiting for a long time to see 522 Elizabeth Street, Key West listed for sale. The day has arrived. I got a chance to take a look earlier today. This is a project house - a major renovation. It will require a buyer with great imagination and deep pockets. The reward will be substantial. This will once again be a beautiful home in a great Old Town location.

I searched around in my old shoebox and found a photo of the same property that was taken nearly sixty-two years ago. The black and white photo shows the second floor front porch was partially enclosed even back then. If you look carefully you will see that the house was wider than deep. Later owners would extend the main floor toward the rear. Also note the sprig of a tree that would later engulf the house.

Today the trees overwhelm the house. I believe, but cannot guarantee, a new owner could remove the trees in front and rear of this property. That would make the other renovations both easier to accomplish and enhance the facade and allow for the creation of a rear garden and pool. 

I looked around the inside of the house as best I could. The place does not have electricity and I decided not to venture into dark rooms. The MLS photos show most of the rooms. The listing shows the house has 3,259 Sq Ft of living space plus porches and decks. The lot measures 44'X 102' or 4,359 Sq Ft.  The Monroe County Property Appraiser map shows the house as sitting on or over the south border of the adjacent property to the south. The listing agent told me a new survey is being completed and will be available to potential buyers for review. I have a suggestion:remove all trees; lift the house and move it to the north and place on new piers. This house is located in the X Flood Zone. The garage would probably go away but the property would have better street appeal if the driveway was bricked. I found a photo I took of this property in 2010.  It looked better then.We all did. CLICK HERE to view more photos I took of this property. The rear yard is a mess. That is easy to clean up. When the trees are removed you will have a clean slate with which to create your own perfect garden and pool The house itself seems structurally sound which should allow for the removal of current non-load bearing walls and the restructuring of room sizes and usage. An interior staircase will need to be added. But there are multiple locations to choose from. (Staircase in photo goes to third floor loft bedroom.)

CLICK HERE to view the Key West MLS datasheet for 522 Elizabeth Street, Key West, offered at $1,555,000. The please call me, Gary Thomas, 305-766-2642, to arrange a private site visit. Bring your contractor, architect, and money-manager to preview this home - one of the last remaining big old houses of Key West

I drove by the house on Southard Street where Charlie Brown and the gang reigned supreme for the past several Christmas seasons. The house was sold this year and Charlie is nowhere to be seen. ALAS...

 

 

 

Comments (6)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Gary. Sounds like a serious buyer with deep pockets woold benefit greatly from your represntation. A perfect match! Enjoy your day.

Dec 01, 2021 05:32 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Charlie did not convey.

Any buyer should listen to your suggestions, because if anyone knows real estate in that area it's you!

Dec 01, 2021 06:15 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Gary - oh my!  Lotsa imagination and some very deep pockets are necessary.  522 Elizabeth Street in Key West certainly needs a visionary buyer.  I hope you have one ready to respond with an offer to purchase and go forth - maybe hidden away in a shoebox. . .

Dec 01, 2021 06:36 AM
Gary Thomas

Michael, This huse was listed mid-day on Monday. Within an hour a customer contacted me about the house and specifically inquiring about the garage. I have take photos over the years and knew the house but had never been inside. This place is not for a passive buyer or somebody who is willing to pay a lot of money. It will take a lot of money. But it will also take a peson with steel you know what to forge past all the trees and lot line issues. It can be done. I do think someone in their 40s would be a better fit than someone approachng Social Security, however.

Dec 01, 2021 06:47 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

That is definitely a had had zone but with the proper work it will be, as you say, quite rewarding

Dec 01, 2021 06:42 AM
Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI
Improving the Quality of Your Life

Congrats on the listing! Best of luck finding a buyer soon.

Dec 01, 2021 07:50 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello and thanks for sharing this new listing with us here in the rain.  Good luck on a fast sale!

 

Dec 01, 2021 10:16 AM