About Monroe County, FL

The listing Realtor describes the new offering at 800 Fleming Street #A-1 (The William Fleming House) this way:

"The perfect home for someone who wants carefree condominium living but desires the charm of a historic Old Town Key West home. The William Fleming House was constructed in the mid 1800's and is located in a premium location - the corner of William and Fleming Streets. Just completed renovation includes a new kitchen and two new baths. The kitchen includes granite and butcher block countertops, stainless steel appliances and new cabinetry. Baths are beautifully outfitted with polished chrome fixtures, tile shower enclosures and stone floors. There are only 9 units - each with assigned offstreet parking and a very large tropically landscaped common area with free form pool, sun deck and covered bar."

CLICK HERE to see the listing details and photos of the interior of this two story in town condominium located in the heart of Old Town Key West. This 1281 sq ft unit occupies two floors of the building and has views of the pool and gardens. The units in the building are constructed of Dade County Pine walls, floors and ceiling and have that "old Key West feel" that some many buyers want. The ceilings are very high and the doors and windows open to decks overlooking the pool below and the pristine homes on William Street. This unit is offered at $995,000 or $777 per sq ft. The condo is located on one of the best blocks in Old Town and is a convenient walk to everything. The property is 3 blocks to Duval Street and 3 blocks to the Historic Key West Seaport.

If you are looking for a pied-à-terre or just a plain old condo, please contact me, Gary Thomas, 305-766-2642 or email at kw1101v@aol.com. I am a full time Realtor at Preferred Properties Coastal Realty Inc. in Key West, Florida.

FLORIDA KEYS VACATION RENTALS

Call Kelly Willey at Coco Plum Realtors for all of your MARATHON FLORIDA KEYS SHORT SALE Real Estate needs.

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305-289-2212

Not Just Listed...SOLD...we get RESULTS!!!

Outstanding Vacation Rental management Programs with High Returns to the Owners

Superior Marketing Programs that Get RESULTS!!

A lot of agents claim to be REO experts. But lets face the facts, in order to properly handle an REO, or Real Estate Owned/bank foreclosure you need to be experienced in many areas. You must be able to function electronically. If you cannot email contracts do not pretend to be a REO expert. I am constantly amazed at agents that are unable to email me an offer and insist on faxing it. You must also be able to properly manage the property. This will involve visiting the property. I know this is a stretch for some agents. I was in a home that I could not even get my car in the driveway it was so overgrown. When I called the REO "expert" list agent she had no idea the property was in such disrepair. No way was she doing weekly inspections, in fact I would be shocked if she ever set foot in the house. You must also be able to handle the billing for the utilites and lawn maintenance in your asset manager requires this of you. Most will also want weekly updates and monthly marketing reports. There is much more to be a good REO agent than just getting the listing. You must market, maintain and keep you asset manager happy through the whole process.

281 5th St in Key Colony Beach was a recent bank owned asset that I marketed, maintained and closed. It sold in 6 days, closed in 34 and sold for $100 over the list price.

My asset manager and the new buyers are happy and I count this as another successful REO closing giving me REO Expert bragging rights.

(PS. I have been doing this for 20 years and have sold about 100 bank owned properties)

FLORIDA KEYS VACATION RENTALS

Call Kelly Willey at Coco Plum Realtors for all of your MARATHON FLORIDA KEYS SHORT SALE Real Estate needs.

FREE MARATHON KEY SHORT SALE LIST

FLORIDA KEYS REAL ESTATE SEARCH

305-289-2212

Not Just Listed...SOLD...we get RESULTS!!!

Outstanding Vacation Rental management Programs with High Returns to the Owners

Superior Marketing Programs that Get RESULTS!!

The "Seller" of 1107 Olivia Street just reduced the asking price from $1,250,000 to $1,150,000 for the thoroughly renovated house with a valuable Transient Rental License. The house has two bedroom, two baths, new everything, a pool, but no off-street parking. The furniture is not included at the asking price. The price per square foot for this 1125 square foot is $1,022 per sq ft. This property has been on the market since May 21st. CLICK HERE to see the mls listing info and photos.

The listing Realtor describes 1107 Olivia Street this way "Transient Licensed Charm in Old Town! Completely renovated from top to bottom. Excellent location! In Vacation Rental program so may be rented. Furniture negotiable. Owner is Lic. RE Broker." I went to the property management website to see what the house rental fee is and what kind of rental history it has. Many local property management companies have excellent websites that make looking at fees and history a breeze. The company that manages this property requires an email request. I declined.

I recently sold a two bedroom two bath unit with a beautiful pool, off-street parking, a transient license and a "great" rental history for $549,000 or for $515 per sq ft. There have been several other recent sales of single family houses in Old Town that have transient licenses that have sold at similar prices. On November 9th a Realtor friend listed a two bedroom two bath house with Transient License in a great Old Town location for $575,000. It went under contract on November 16th. That's a steal even at full price.

I think 1107 Olivia Street has really good street appeal and I like the neighborhood. The location requires a couple of minutes extra walking time to reach Duval or the Historic Seaport, but only a couple of minutes. The location is quiet and the neighboring houses and area is very nice.

You are probably scratching your head and asking why did Gary write about something that he thinks is over-priced. The answer dear Reader is that you never know how motivated a seller is to sell until he is presented an offer. The better the offer, the better the chance a deal can be reached. I don't know anything in particular about this property other than what I have written. But I have a feeling that a deal can be reach for a price grounded in reality. I think it is worth taking a look at this property even though the asking price is very high on a per square foot bases.

If you would like to see 1107 Olivia Street, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. Let me help you find your place in Paradise.

Indigo Reef Resort and Marina Sales History for 2009

Statistical Market Analysis

All the recent sales have been Short Sales or Foreclosures. We have successfully negotiated the most recent Short Sale with Chase in first and second with NO deficiency judgements against the owner. For a free consultation call Kelly Willey, Broker.

Status	# Listings		List Price	Sold Price	Sale/List Price	Living SqFt	List Price Per SqFt	Sold Price Per SqFt	Days On Market
Pending	6	Low Avg High	450,000 487,833 525,000	0 0 0	0.00 0.00 0.00	1,600 1,600 1,600	281.25 304.90 328.12	0.00 0.00 0.00	56 320 1,218
Closed	8	Low Avg High	469,000 545,725 895,000	430,000 486,300 550,000	0.61 0.92 1.00	1,600 1,611 1,690	289.88 339.04 559.38	254.44 302.15 343.75	56 212 417
Overall	14	Low Avg High	450,000 520,914 895,000			1,600 1,606 1,690	281.25 324.41 559.38		56 258 1,218

Information is deemed to be reliable, but is not guaranteed. © 2009 MLS and FBS.
Prepared by Kelly M. Willey, SRES, Broker, Owner, SRES on Tuesday, November 17, 2009 9:47 AM

FLORIDA KEYS VACATION RENTALS

Call Kelly Willey at Coco Plum Realtors for all of your MARATHON FLORIDA KEYS SHORT SALE Real Estate needs.

FREE MARATHON KEY SHORT SALE LIST

FLORIDA KEYS REAL ESTATE SEARCH

305-289-2212