511 Eaton Street & 522-524 Rose Lane
Sold for $9,000,000
Sold By: Keith Bland & Kent Ducote
Old Town Manor & Rose Lane Villas are comprised of 20 rentable rooms in the very heart of the Old Town commercial district located 1/2 block from Duval St. and in the vibrant Eaton St. Arts District. The 4 buildings on 3 parcels include an historic 1886 Victorian mansion and carriage house with 14 rentable rooms with the possibility of expansion and 2 two-story conch houses with 6 rentable rooms.
The vast lush gardens are utilized for the successful wedding business and the 49 seat restaurant license. The financials are excellent. Listed at a 7.04% cap rate,, this investment opportunity with KW's regulated supply and seemingly endless demand is too good to pass up in today's investment market.
1500 Atlantic Blvd. $1,200,000
2 Bedrooms & 2 Bathrooms
Sold By: Team Townsend
Enjoy captivating beach, sea, and sky vistas from this stylishly renovated 2 bedroom/2 bath Key West Beach Club condominium. Loft-like splendor greets you as you enter this open and up-to-date home. The modern kitchen features wood cabinets, stainless steel appliances, and a stainless tile back splash.
Espresso bamboo flooring caries you to the generous dining area and the inviting living space. A grand balcony offers plenty of room for outdoor dining, entertaining, and relaxing. Savor spectacular ocean views from the master bedroom and Carrera marble shower. The beautiful gated property features two pools, tennis court, waterfront gym, covered parking, and extra storage.
1408 Pine Street
(view full listing)
List Price $675,000
This beautifully renovated cottage is located in the historic Meadows District of Old Town just a short stroll to the Seaport, galleries, shops & restaurants. A spacious 1 bedroom/1 bath with two living areas. The recently completed renovation included preserving the historical Dade Co. pine, new bath, kitchen, rewiring of the electrical, new plumbing & Eco-Smart on-demand hot water system.
The gourmet kitchen is ready for any chef with hardwood 42'' cherry cabinetry, granite counter top, glass tile back splash & under counter lighting. The gorgeous bath includes a porcelain-enameled steel insulated soaking tub & beautiful tile work. Master bedroom features original Dade Co. pine floor, mirrored closet door with cedar wall & air circulation fan in closet. A light filled den sits in the rear of the home overlooking the lush tropical back yard & deck. This room is also used as a guest room with pocket doors for privacy. The tropical garden boasts a deck, outdoor shower & hot tub.
Recently, I was appointed as Chairperson of the Key West Association of Realtor’s Grievance Committee. As the Grievance Chairperson I am also a member of the Board of Directors. I have held a position on the Grievance committee since 2011. Our committee receives ethics complaints and arbitration requests to determine, if taken as true on their face, a hearing is to be warranted. The Grievance Committee makes only such preliminary evaluation as is necessary to make these decisions. While the Grievance Committee has meetings, it does not hold hearings, and it does not decide whether members have violated the Code of Ethics. The Grievance Committee does not mediate or arbitrate business disputes. The committee forwards those complaints warranting a hearing on to the Professional Standards Committee. Of which, our very own Doug Mayberry previously served as chair.
For years I have volunteered within the community whether it be at my children’s school or various philanthropic organizations. I look at my time on the Grievance Committee, and now as Chairperson, as an extension of my community service. The REALTOR Code of Ethics is based on the concept of “let the public be served.” I live by this every day. I hold my personal and professional ethics to the highest standard and feel that now as Chairperson of the Grievance Committee I can continue to elevate the ethical standards of the REALTOR profession. There is a trickledown effect that reaches the community as well. Homebuyers and homeowners within the community are more aware of the ethical standards which REALTORS must uphold and expect the same. For more information on the Realtor Grievance Committee and the Realtor Code of Ethics, please click here.
As the graphs show, the Key West real estate market continued to improve in 2015. The Old Town/Casa Marina area saw a 6% increase in median price and is about 15% below the peak of 2005. Midtown and Newtown saw a 7% increase in median price but are still 50% below the 2005 peak. The Lower Keys, after a price softening in 2014, saw the biggest gain with a 28% jump in 2015 putting the median price about 27% below the 2005 peak.
This may be a good time to invest in Midtown and Newtown properties. Median prices increased rapidly in those areas the last time prices in the historic areas reached a level that was out of the range of some buyers. The Lower Keys still have some great buys available. The discerning buyer in Old Town and Casa Marina can find newly renovated and new construction as well as some amazing fixer-uppers with good bones.
The inventory levels are considerably lower than the early 2000’s and the number of buyers continues to increase. Sellers that want to capitalize on this demand-heavy market would do well to get their properties listed with us soon. Please contact us for a comprehensive evaluation of value and marketability or your property.
522 Petronia Street $935,000
3 Bedrooms & 3 Bathrooms
Sold By: Kent Ducote
1513 Washington Street $526,000
3 Bedrooms & 2 Bathrooms
Sold By: Kent Ducote
On tree-lined Washington St, this unique three bedroom, two bath home opens
entirely to a central courtyard for entertaining, lounging, or watching movies
& sporting events on the over-sized outdoor projector screen.
parking and room for a pool. Partially renovated master bedroom ensuite.
Elevated home was high and dry in 2005.
1021 Washington Street $1,400,000
2 Bedrooms & 2 Bathrooms
Sold By: Sabrina Acevedo