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  • Ken Schultz, CCIM
    The Key West Experts!
    219 Simonton Street
    Key West, Florida 33040
    Phone: (305) 296-2246
    Toll Free: (800) 743-3510
    Fax: (305) 428-3000
    Cell: (305) 393-9263
    Visit Our Website
    E-Mail Us

Partner

  • Connie Manasco, e-PRO
    Broker Associate
    Cell: (305) 849-1215

    Business owner and multi-million dollar producer, specializing in residential real estate sales in Key West, Florida.

611 Amelia Street, Key West, Florida

  • 611 Amelia - Havana Hideaway
    There was a time when hopping a plane to Havana was as common place as hopping a plane to Key West. Political boards have since changed the old way, but the culture, art, style and design of old Cuba is alive and thriving in the Florida Keys, no more so than in our Havana Hideaway. This two story, two bedroom, two and a half bath home was built by Key West’s premier architect/contractor and has been recently renovated and landscaped. One of the newest additions to the hideaway family, Havana Hideaway is the flagship cottage, representing privacy, luxury, location and convenience. The back of the house has floor to ceiling sliding glass doors that fully open to the enclosed back yard with heated pool, covered veranda and tropical gardens with travelers palms, white bird of paradise and your own banana tree. This private tropical oasis even comes with a rusty, old guard dog. List Price: $1,350,000

Main | April 2007 »

March 2007

March 31, 2007

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!

Havanahideaway2_poolI 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.

March 31, 2007 in Key West Real Estate |