Price Reduced $800,000 today. Was $1,995,000. Now asking $1,195,000. This is what you get at 610 Petronia Street in Old Town Key West: Four individual cottages fully equipped. Total of 4 bedrooms and 4 baths with total square footage under air of 3468 sq. ft. that sits on a very large 8400 sq. f
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05/30/2008
Just Listed: two individual properties classified as "condos" that are actually stand alone cottages in the Windsor Lane Compound which was established in 1976. The assortment of restored shacks, shanties, and cottages, were once winter homes for writers such as Pulitzer Prize–winning poet Richa
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05/29/2008
REO stands for real estate owned by banks acquired through foreclosure or debt forgiveness. Some banks refer to it as OREO standing for other real estate owned (as in not in the operation of the banking enterprise such as bank building, service center, satellite operation, etc.). I just complete
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05/28/2008
Buying a house or a second home is usually the biggest (or second biggest) purchase that most people make in their lives. Some people act out of impulse and make emotional decisions. Others are fanatical in their investigation of the property and the calculus of the deal. I have become very clos
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05/27/2008
I am hosting an Open House at 709 Bakers Lane in Old Town Key West on Sunday, May 25th from 11:30 AM until 2:00 PM. I've written about this property several times. It has to be one of the best deals in Key West. The perfect island getaway beautifully located atop Solares Hill on a quiet lane is
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05/23/2008
Everybody wants a deal. This is a really Big Deal. 408 Grinnell Street is brand new construction -not a renovation! The 3 bed/4 bath home is a GE Smart Home with all the extras -9 and 10 foot ceilings - coffered & cathedral, reclaimed heart pine floors and walls, 10'' baseboards with corner bull
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05/21/2008
I was watching a new episode of HGTV's National Open House last night. The episode featured homes in Minneapolis, Charleston, S.C., and San Francisco, at price points of $250,000, $500,000, $750,000 and $1 million. CLICK HERE for more info on that episode. In the middle of the program there was
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05/20/2008
On April 22nd I wrote about a bank foreclosure on Whistling Duck at the Key West Golf Club that I called a buying opportunity. READ WHAT I SAID THEN HERE. I showed the property to a client a few days later. I apologized to her for even showing the property. And my reasoning follows below. We had
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05/17/2008
The neat house at 917 United Street in Key West is now offered as a Potential Short Sale. A Short Sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured by the property upon receipt of less money than is a
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05/14/2008
I have received e-mails and phone calls from potential buyers asking about specific properties I have mentioned here as being buying opportunities. Two separate properties just closed that I had written about, so I decided to let you see how the market acted. 1103 Virginia was wild. It was a ban
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05/13/2008
