Key West Real Estate

A18 7th Ave - Stock Island Modular

Listing # 540705

Stock Island FLORIDA, 33040
Price: $449,000

3 Bedrooms, 2 Bathrooms

Owning a home in Key West can be a reality when you look at this fantastic opportunity for first-time home buyers. This quality built modular home located on Stock Island Key, in Key West, Florida is a 3 bedroom, 2 bath home with 18-inch tile throughout. This home features double sets of French doors in the living/dining room area, celing fans throughout, attic storage, a large laundry closet and plenty of space for storage and/or parking below. Work in Key West, and live less than two miles from the convenience of area schools, shopping, theatre, fine dining, Key West Internation airport, Smather's Beach, and a host of other nearby amenities in Key West, Florida.

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Basic Features:

Acres:
Area: 0005
City Name: Stock Island
County Name: Monroe
College Nearby: Yes
Schools Nearby: Yes
State: FLORIDA:

Subdivision: Lincoln Gard. No. 1 (5.0)
Type: Single Family, Modular, Stilt home
Zip: 33040
Bathrooms: 2
Bedrooms: 3
Square Feet: 1,008 (approx)

Additional Features:

County Code: 12087
Inclusion: Dishwasher, Refrigerator, Range and Oven
Lot Sq. Feet: 3441
Roof: Asphalt Shingle

Hurricane Shutters: Yes

SFR Type: House

Stories: Single story
Utilities: FKAA, Public sewer service
Year Built: 2005

99 Calle Uno - Warehouse for Sale

Rockland Key FLORIDA, 33040
Price: $2,650,000

Listing # 543012

Great commercial warehouse building with excellent road visability. This may be the last chance to obtain warehousing close to Key West. Plans available for conversion to climate controlled self-storage. Great cash flow with conversion! Owner is a licensed Fla realtor.

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Basic Features:

Lot SF: 87,120

Lot Acreage: (approx) 2
Area: 0005 (Stock Island/Shark Key)
City Name: Rockland Key
County Name: Monroe
State: FLORIDA

Property Subtype: Commercial RE
Subdivision: Calle Uno (9.0)

Built: 1981
Type: Commercial Real Estate, Warehouse
Zip: 33040
Square Feet: (approx) 15,000 (20,000 rentable space, after conversion)

Price/Sq Ft: 220.00
Total Buildings: 1
Total Floors: Currently 1 (2, after conversion)

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.