Wednesday, March 23, 2011

Multiple Offers Signal Stability and Recovery In Key West Property Market

A home buyer on Trulia complained he had just been outbid on two houses over asking price! He asked, is it normal in this market to get multiple offers on houses?

"In fact, I just made another offer on a third house and now it has "another bidder." That is exactly what happened the other two times. The common denominator is that they were all Watson listings. What's going on? Is the market back. This house has been up for 2 weeks. The past houses were up for 170 days and 4 days when I made my offer, only to find out that there was 'another offer'."

It’s happening in Key West, Florida. Two of Marquis Properties’ listings in the last 60 days have received multiple offers; an indication that the market is stabilizing and, perhaps, even recovering.

Broker Rudy Molinet responded directly:

“Yes, we are receiving multiple offers on certain properties in Key West. It has happened on two of our listings in the past 2 months. This happens when listings are in good locations and priced properly. It also happens on bank owned properties since they tend to be very well priced. The existence of multiple offers in Key West is evidence that the real estate market in Key West is stabilizing and in some cases recovering.”

In California, it’s happening in all price ranges, says Pasadena agent, Pete Whan. Whan suggests there are at least two factors that contribute. Recent NAR (National Association of Realtors) data says home owners now live in their homes an average of 9 years, up from an average of 7 years. That reduces inventory.

“The second reason,” Whan says, “is low interest rates which is driving demand."

Is this happening in your market?


For more information on the local Key West real estate, see Molinet's market reports.

Monday, March 7, 2011

Old Town Beauty Not Long for Key West Real Estate Market


Sometimes you just have a feeling; this listing is not long for the market! A quick look at the details of this Old Town beauty reveal why it will sell quickly: the home has it all: historic value and a sensitive restoration, a great floor plan, and location, location, location!

The address of this historic home, (623 Grinnell -- between Southard and Angela Streets) is in one of Key West’s most desirable neighborhoods. The home has 3 bedrooms, 2.5 baths and has been beautifully renovated and restored. The authentic restoration includes Dade County Pine walls, high ceilings and wood floors. A convenient first floor master bedroom with en suite bath is a rare and sought after floor plan. A "saw-tooth addition"constructed to today's standards houses the chef’s kitchen with granite and stainless luxury appointments.

The beautifully landscaped backyard and deck has a sparkling brand new pool with a water feature. There’s even off street parking for two vehicles (in tandem) and the quintessential charm of a Key West front porch!


Quick! Call today! 305-240-1090 You don’t want to miss it!

Details and more photos:
623 Grinnell Street, Key West, FL:

3 Bedrooms 2.5 Bathrooms
US $995,000

More on Key West architecture and historic restorations.

Friday, February 18, 2011

New Price on Old Town Lane Beauty

This luxurious and elegant historic home on one of the most desirable lanes in Old Town Key West is now just $1,295,000.

Located at the end of a quiet lane on a lush tropical lot, this four bedroom home was renovated extensively in 2007. Two homes were joined to make a wonderful compound complete with a guest cottage and a large front yard.

High ceilings lend a spacious feeling and there are hardwood floors. The kitchen is bright and airy with an open floor plan that overlooks the tropical yard and inviting pool.

The master suite on first floor has vaulted ceilings and there are two spacious guest bedrooms as well as a wonderful guest cottage provide comfort and privacy for you and your guests.

Off-street parking for two vehicles, brick patio for entertaining, and central Old Town location make this the Quintessential Luxury Oasis in Old Town Key West.

Details and Photos: 5 Fletchers Lane
Phone Rudy Direct: 305-240-1090
5 Fletchers Lane
$1,295,000

Sunday, February 13, 2011

Hidden Historic Oasis in Old Town Key West


Tucked in a quiet lane off Key West’s Millionaire’s Row is a hidden gem of a new listing. This lovely historic home has been sensitively renovated with attention to detail and finish. Bright and airy rooms create an open floor plan. French doors from the gourmet kitchen / great room open to an inviting, heated pool, a lush tropical garden and outdoor covered living space. True Key West living!

The home also boasts a separate guest cottage with full bath and outdoor shower, Dade County Pine hardwood floors, brick paved off-street parking, a large lushly landscaped lot and delightful outside spaces that add comfort and convenience. Walk to Key West Bight and the historic Seaport, Old Town restaurants and theaters.


Loaded with Key West charm, this beautiful renovation restoration offers the perfect Key West Oasis on Millionaire’s Row in Old Town.

Details and Photos for 6 Nassau Lane.

1920 Square Ft
4000 Square Ft Lot
4 Bedrooms/3 Bathrooms
Detached Guest Cottage
Quiet Old Town Lane
Heated Pool
Off-Street Parking

Price: $1,395,000.
Call Rudy Direct: 305-240-1090

Wednesday, December 8, 2010

Truman Annex House with Cottage and Pool

Few houses, even in Key West's uppscale Truman Annex, have it all, but this lovely single family home boasts a lush garden, a pool, a guest cottage, off street parking and luxury appointments throughout the four bedroom, four bath residence.


Lush landscaping and a picket fence frame the home.

High ceilings, and open plan and access to the outdoors.

French doors open onto covered Wraparound Porches.
Just through the open doors above is a lovely outdoor dining
portico:

Beautiful wood floors add elegance to outdoor living.
Granite Counters

Beyond the pool are the private guest quarters and parking.

Click on address for more photos and information on 512 Emma,
Search the Key West MLS.
512 Emma Street, Key West, FL
4 Bedrooms 4 Bathrooms
US $1,695,000

Or call Rudy Molinet, Broker/Owner
Key West Real Estate

Direct: 305-240-1090





Tuesday, October 5, 2010

What Are You Waiting For? It's Time To Buy Key West!

What are you waiting for? October is the perfect time to buy property in Key West! The weather has just cooled enough to make wandering Key West’s shady lanes a delight all day long! And you’ll be in town for Fantasy Fest, the biggest event of the year. Come down now and find your dream home in Paradise.

These five featured properties are certain to tickle your fancy for a second home in Key West, or the perfect spot to claim as your year round place. Four are historic homes and one is an elegant condo overlooking spectacular water views. Wander Key West’s quiet lanes to see two of these jewels.

Visit our Key West listings for details on these lovely homes or call directly: 305-240-1090.

813 Frances Street /Artist’s Dream Home. Elegant historic house located on one of the most desirable streets in Old Town with an open floor and a kitchen and family room overlooking a pool and lush landscaping. The private yard boasts a specimen Lignum Vitae and a cozy, covered lanai. Hardwood floors, ground floor master bedroom, a gourmet kitchen with gas and stainless steel; off-street parking and a delightful front porch. Two bedrooms, two baths for $995,000.


101 Front Street (#11) - Foundry Townhome. Gorgeous renovation of historic home in the prestigious Foundry Townhomes boasts pride of ownership in every room. A lush tropical courtyard and the private balcony offers true Key West outdoor living. Just a few steps to the beach, the famous sunset celebration on Mallory Square and the restaurants and nightlife of Duval Street. Eligible for Truman Annex transient license. Two bedrooms, 2.5 baths for $619,000.

Are waterviews and the ease of condo living your dream? This Steamplant Condominium (# 301 281 Trumbo Road) will please even the most sophisticated buyer. The corner unit on the top floor has an eagle eye view the Historic Key West Seaport, high ceilings and floor to ceiling windows, travertine marble floors, a CHEF’S kitchen and a split bedroom plan. You will delight in the spacious balcony off the master bedroom and living room and the private elevator to access a sky terrace with pool and more incredible water views. Amenities include covered parking, security and bnew construction. Two bedrooms, 2.5 baths for $1,729,000.

If the charm of a quiet Old Town walking lane delights your imagination and penchant for privacy, the Hidden Historic Oasis at 720 Passover Lane is just waiting for you! Features include an open floor plan, a living room with a vaulted ceiling, gourmet kitchen, glass doors from the dining/family room that open onto the lush tropical garden, expansive master suite with loft and bath, bamboo and granite floors. Stained glass accents complete the decorator touches and the painted doors by Key West Artist Rick Worth lend island charm. Manhattan meets Key West in this beautiful renovation of a historic jewel. Two bedrooms, one bath for $549,000.

Have we saved the best for last? Tucked away at the end of one of the most desirable lanes in Old Town Key West, 5 Fletchers Lane is truly an oasis of luxury. On a lush tropical lot, this four bedroom home has been extensively renovated (2007) and boasts high ceilings, hardwood floors, and a bright kitchen that overlooking a lush yard and the inviting pool. A master suite on the first floor has a vaulted ceiling, and there are two large guest bedrooms and a wonderful guest cottage to create comfort and privacy for you and your guests. There’s off street parking for two cars, and a brick patio for entertaining. Four bedrooms, 3.5 baths for $1,495,000.

call Rudy today to see buy your Key West home: 305-240-1090.


Wednesday, September 22, 2010

Key West Real Estate Fast Track

Exquisite Home on Key West's Millionaire's Row - Under Contract in One Day!

This lovely home on Millionaire’s Row, was listed and put under contract the same day, Key West Realtor Rudy Molinet proudly announced this week. This new luxury designer home on prestigious Fleming Street boasts amazing attention to detail in this quality new construction: hardwood floors, crown moldings, gourmet kitchen with European cabinets and granite counters. An open floor plan lends an airy feeling to this elegant design.

There are four bedrooms including a very spacious master with walk-in closets and master bath ensuite with jacuzzi tub, steam shower with multiple jets and custom tiling.

Built in 2008, the luxury home features impact windows & doors, Hardie Plank siding and wiring for home theater system. There’s also a large wrap-around balcony with sky deck for sunbathing. A private heated pool and spa, lush tropical landscaping and carport for 2 cars complete the picture!


Listed for $1,295,000.

Contact:

Rudy Molinet, Broker/Owner
Marquis Properties Realty
508 Southard Street, Suite 107
Key West, FL 33040

Direct: 305-240-1090