Key West Real Estate

329 Elizabeth Street, Bed and Breakfast for Sale, Old Town, Key West, FL, 33040

329 Elizabeth Street - Key West, FL. 33040

Garden House, Bed and Breakfast, Key West, FL, 33040 Bed and Breakfast for sale in Key West, FL. 10 rooms, 10 private baths, with heated lagoon style pool/spa, and upper level sundeck. Numbers support asking price. Great visibility, high traffic area. Call for private showing. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Price:	$2,950,000
Bedrooms:	10
Bathrooms:	12
Property Type:	Commercial
Style:	Bed and Breakfast

3416 Riviera Drive, Waterfront Property, Access to Open Water, Key West, FL, 33040

3416 Riviera Drive, Key West, FL, 33040

Waterfront home for sale in Key West, FL, with access to open water. 3 bedrooms, 3 baths, with huge sunroom, covered and tiled patio, and room for a pool.  Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	545014
Price:	$650,000
Bedrooms:	3
Bathrooms:	3
Sq. ft.:	1703SF
Acreage:	7375SF
Property Type:	Residential
Style:	One Story

824 Shavers Lane, Building Lot, Old Town, Key West, FL, 33040, Build Your Dream Home Just off Duval Street, Walk to All Amenities!

824 Shavers Lane - Key West, FL, 33040

Recent appraisal and priced accordingly! This is a total renovation project, but an opportunity to purchase a building lot in Old Town, Key West, that puts you within walking distance of all the shopping, dining, and tourist attractions that make Key West the perfect place to live. Don't miss out on the ideal location for your dream home! Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	544893
Price:	$735,000
Bedrooms:	1
Bathrooms:	1
Sq. ft.:	700
Acreage:	5,500 SF
Property Type:	Residential

1317 4th Street, Home for Sale, Mother-in-Law Suite, Corner Lot, Key West, FL, 33040

1317 4th Street - Key West, FL. 33040

3 bedroom, 2 bath home, with private entrance to what could serve as a mother-in-law suite. Renovate to create your dream home. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	545391
Price:	$525,000
Bedrooms:	3
Bathrooms:	2
Sq. ft.:	1404
Acreage:	5000SF
Property Type:	Residential

1901 S. Roosevelt Blvd, Waterfront, Ocean View, Condo for Sale, Key West, FL, 33040

1901 S. Roosevelt Blvd, 305E, Key West, FL, 33040

Smather's Beach is located directly across from this 2 bedroom, 2 bath condominium unit. This is the view from the patio, living room, master bedroom, and dining room and kitchen looking out. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	546114
Price:	$760,000
Bedrooms:	2
Bathrooms:	2
Sq. ft.:	1166
Acreage:	% of common area
Property Type:	Residential
Style:	Condo

729 Whitehead, 3 Units, Income Producing, Transient Licensed Property

729 Whitehead Street - Key West, FL. 33040

Little Palm is the Guest cottage of this 3 unit transient licensed property at 729 Whitehead Street in Key West, FL. Island Oasis, a 3/2 with heated inground pool and outdoor living space under covered roof is located in the main cottage. Upstairs is an adorable furnished transient licensed efficiency called Palm Isle with private porch and Jacuzzi. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	534695
Price:	$1,849,000
Bedrooms:	5
Bathrooms:	4
Sq. ft.:	3008
Acreage:	0.11
Property Type:	Residential
Style:	Two-Story

1330 Simonton Street, Commercial Complex for Sale, Key West, FL, 33040

1330 Simonton Street , Key West, FL, 33040

Great location, excellent numbers, and good tenants in place. Property is in excellent condition and the area is poised for a new infusion of upscale condos, shops, etc. Take advantage of the change and the sure to come appreciation in the area. Gross income is set to increase as the new transient license operation matures. DO NOT DISTURB TENANTS. Ken Schultz, CCIM RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 393-9263

Listing Information
Listing #:	544456
Price:	$4,150,000
Bedrooms:	6
Bathrooms:	8
Sq. ft.:	5,930
Acreage:	14,125 SF
Property Type:	Commercial
Style:	Commercial Complex

219 Simonton Street, Mixed Use Building, Income-Producing Property, Transient License

219 Simonton Street, Key West, FL, 33040

Great visibility on Simonton Street in Old Town, Key West, FL, just one block off Duval Street in the historic district. Building houses a retail space on the first floor, a transient licensed 4 bedroom, 2 bath, unit called "Seaport Suite" on the second floor with income produced from daily, weekly, and monthly rental, plus a 1 bedroom efficiency apartment on the third floor rented long-term at $1,500 per month. Use this space for your own convenience to the shopping, dining and tourist attractions and earn income toward your mortgage when not being occupied for personal use. Property includes one off-street parking space. Ken Schultz, CCIM RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 393-9263

Listing Information
Listing #:	544354
Price:	$1,699,000
Bedrooms:	5
Bathrooms:	3.5
Sq. ft.:	3,600
Acreage:	.0684
Property Type:	Commercial
Style:	3 Story

611 Amelia, Income Producing Property in Key West

611 Amelia Street, Key West, FL, 33040

Wonderful single-family home with 2 large suites, 2.5 baths, spacious gourmet kitchen, heated swimming pool, 2 off-street parking spaces, and a transient license that allows for daily vacation rentals. Income producing! Grossed $108K/2007 Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	540449
Price:	$1,250,000
Bedrooms:	2
Bathrooms:	2.5
Sq. ft.:	1647
Acreage:	2546SF
Property Type:	Residential
Style:	Two-Story

2311 Seidenberg Ave, Key West, FL, 33040, Home for Sale, Renovation Project

2311 Seidenberg Street - Key West, FL. 33040

CBS home in midtown location ready for renovation. Room to add a pool or to reconfigure layout. Fenced yard with large legal shed on rear of property. Close to downtown Key West. Great midtown location. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	544503
Price:	$429,000
Bedrooms:	3
Bathrooms:	1
Sq. ft.:	860
Acreage:	< 1/4 acre
Property Type:	Residential

30348 Hibiscus Lane, 2,049SF Home for Sale, Big Pine Key, FL, 33043

30348 Hibiscus Lane, Big Pine Key, FL, 33043

2,049 SF Home for Sale in Big Pine Key, Florida, 33043, 4 bedroom, 2 bath, open spacious floor plan, with gourmet kitchen and large pass-thru windows to screened-in porch, off street parking, and room for a pool. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	544095
Price:	$425,000
Bedrooms:	4
Bathrooms:	2
Sq. ft.:	2,049
Acreage:	12,500 SF
Property Type:	Residential
Style:	One Story

19421 Canal Drive, 15,000 SF Lot, Totally Renovated, Sugarloaf Key Home

19421 Canal Drive , Sugarloaf Key, FL, 33042

Adorable cottage home on Sugarloaf Key, minutes from Sugarloaf School, with 3 bedrooms, 2 baths, gourmet kitchen, 15,000SF lot, and large workshed that would easily convert to a pool cabana. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	544471
Price:	$349,000
Bedrooms:	3
Bathrooms:	2
Sq. ft.:	1302
Acreage:	15,000 SF
Property Type:	Residential
Style:	One Story

511 Greene Street, Commercial Building for Sale, Key West, FL

511 Greene Street, Key West, FL, 33040

Wonderful building, superb location, solid tenants and upside potential. No deferred maintenance w/tenant improvements of 1 million+ in last 12 months. DO NOT DISTURB TENANTS. Financial package to qualified buyers with confidentiality agreement. Ken Schultz, CCIM RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 393-9263

Listing Information
Listing #:	544457
Price:	$6,250,000
Bathrooms:	6
Sq. ft.:	13,790
Acreage:	18,758 SF
Property Type:	Commercial
Style:	Commercial Complex

A18 7th Street, Lease to Own, Fantastic Opportunity, First-Time Homebuyer, Key West, FL, 33040

A18 7th Street, Key West, FL, 33040

Market rate home at affordable prices! Fantastic opportunity for first-time home buyers. Quality modular home located on Stock Island Key, in Key West, Florida. 3 bedroom, 2 bath home with 18-inch tile throughout. Double sets of French doors in the living/dining room area, celing fans throughout, attic storage, parking below. This is not a short sale. One owner is a Florida licensed REALTOR. Connie Manasco, ABR, e-PRO RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 849-1215

Listing Information
Listing #:	540705
Price:	$320,000
Bedrooms:	3
Bathrooms:	2
Sq. ft.:	1008
Acreage:	3,441 SF
Property Type:	Residential

99 Calle Uno, 15,000 SF Warehouse for Sale, Key West, FL, 33040

99 Calle Uno, Key West, FL, 33040

Great opportunity and building. Excellent road visibility. High traffice area. Main road frontage on US1 on E Rockland Key, FL. May be the last chance to own warehousing close to Key West. Owner is a licensed Florida REALTOR. Ken Schultz, CCIM RE/MAX Southernmost Phone:(800) 962-0575 Cell:(305) 393-9263

Listing Information
Listing #:	543012
Price:	$2,499,000
Type:	Warehouse, Mixed Use
Acres:	2 (approximately)
Bldg. Sq. Ft:	15,000
Parking:	43 Spaces
Roof:	Metal
Frame:	Steel
Property Type:	Commercial
Location:	E Rockland Key

When You Visit - Try these Key West local Favorites

1. Start your Day
   Sandy's - Cuban coffee - try a bucci - awesome Cuban mix sandwich.
   Corner of White Street and Virginia (in the Laundromat)
   1026 White St.
   (305) 295-0159
   
   5 Brothers - Cuban Coffee
   Corner of Southard and Grinnell
   930 Southard St.
   (305) 296-5205
2. Lunch
   B.O.'s Fish Wagon - Fish sandwich - world class French Fries
   Corner of Caroline and William Street
   801 Caroline St.
   (305) 294-9272
   
   Waterfront Market - Awesome sandwiches
   From B.O.'s - face water look for Wyland Wall
   201 William Street
   (305) 296-0778
3. Shopping
   Fast Buck Freddie's - local version of Nieman-Marcus, Macy's in miniature
   500 Duval Street
   (305) 294-2007
4. Drink a Cold One
   Green Parrott
   Corner of Whitehead and Southard Street
   601 Whitehead Street
   (305) 294-6133
   
   Schooner Wharf
   2 doors down from Waterfront Market - Key West Bight area
   202 William Street
   (305) 292-3302
5. Dinner
   Blue Heaven - good food, great atmosphere
   Corner of Petronia and Thomas Street
   729 Thomas St.
   (305) 296-8666
   
   El Siboney - Cuban Food
   Corner of Catherine and Margaret Street
   El Siboney Restaurant
   900 Catherine St.
   (305) 296-4184

Key West Real Estate

In general the market has been slow to non-existent for the past eighteen months. There are signs that the market is beginning to lurch forward... albeit in small increments, both in terms of units sold and the price point, which is in the lower quadrant. I think it's a given that it's only temporary as the most reliable indicator... corporate money is aggressively buying in the area... that will trickle down! Lets look at the different categories.

Residential - some great buys in Old Town, and when the market starts to move this will be the first residential area to feel that upswing. I hope the locals that were on the price bubble take advantage of this temporary drop, and buy before it passes them by... maybe for the last time.

Condos/Condo Hotel conversion - will take a while for the inventory to be absorbed and the new condo/hotels will not perform for the potential buyers as advertised. I would be very suspect of projected rentals and returns on one's money.

Commercial - some corporate money investing heavily and other parties looking... some good buys are out there now.

Overall the market shows great corporate and local support... construction is strong... prices have held strong, in spite of some negative national events, and people believe that Key West real estate is a better than average investment for both the near and long term. Talk to a REALTOR!

Real Estate in Margaritaville

Key West appears to be at another crossroads in its development. When you have an island that is 2 miles by 4 miles (locals like to say we live on a 2x4), and generate the kind of money that it does... sooner or later the corporate big boys are going to want a piece of the pie. It's actually a tribute to the residents gritty spirit, who have guarded their paradise for so long, in spite of Jimmy Buffett singing its virtues for the last thirty years, that it hasn't gone corporate before. What does this mean... simple in terms of real estate... its values are going to continue to escalate... just as sure as the boomers continue to age! You won't hear it here first... but it bears repeating... location... location... location and in this case it's Key West. Get some... you snooze you lose.

Second Home/Investment in Key West

While investments in Key West real estate have shown a steady upward climb in recent years, there is an overlooked niche that makes sense in terms of investment.  The home/condo that has a transient license that allows the property to be rented on a daily basis.  This type of investment allows you to buy and pay for a much more expensive home than you would buy and let sit vacant .... the beauty is somone is subsidizing a large portion of your investment.  Let's talk real numbers!

I have a great two bedroom two-and-a-half bath single-family townhouse with private pool that grossed $100K last year - $40,000 for expenses, leaves you $60,000 to pay the mortgage, taxes, and insurance.  Right?

You say, yes!

It's possible... but you need a couple of things to ferret out the true money-makers from the recent condo conversions that won't come close to those performance numbers. The Key West Experts specialize in these type of properties - they're there... you just need the right guide.