Welcome to 1012 Varela Street, a charming conch cottage in the heart of Old Town Key West. Located on Varela Street, between United Street & Truman Avenue. My colleague Gary Thomas describes the house as the Key West bargain you’ve been looking for and here’s why…
This home is made up of two cottages, originally deeded separately but have since been combined under one legal description. The front cottage has an open living room with a vaulted ceiling that gives the living area a nice spacious feel. Hardwood floors and Dade County Pine through out which is highly desirable here in the Keys. This cottage features two bedrooms, a loft that opens onto a rooftop sitting area (current owners use this as their master bedroom) and a guest bedroom on the first floor across from the bathroom. Currently this room has custom bunk beds however they can easily be removed should the new owner desire a different look or use. The heart of the home, the kitchen, is large and open with french doors that lead to a fully fenced, private courtyard (the courtyard is large enough to accommodate a pool).
The second cottage, just across the courtyard, has a large bedroom and full bathroom. Although this cottage does not have a kitchen it does have plenty of storage, small fridge, and a private deck in the rear of the cottage with a separate entrance.
This home is located within the Viva Varela which was originally established for the purpose of creating a common walkway to provide ingress and egress to the the rear cottages. Included in the association fee is the common area maintenance and water however the owners of the units are responsible for maintaining their own insurance and and building exterior maintenance. 1012 Varela Street is comprised of 2 units, the HOA fee for this home is $257 per month which is a combined total for both units 1 & 2.
For additional photos and to see the complete MLS datasheet please CLICK HERE. This home is listed by myself, Krystal Thomas and my colleague Allison Findlay of Preferred Properties Key West for $749,000. Please feel free to contact me if you have any questions, would like any additional information, or would like to schedule a private showing.
One of the best parts about my job is that I get to help
people purchase their home in paradise, especially when they are my friends.
Many people here in the Florida Keys rent their home because they think that they cannot afford or will not qualify for a mortgage or they are too intimidated by the process to try. Well I’m here to tell you that purchasing a home is more attainable than you think.
I have a friend that had been considering purchasing a home
for about 4 years. The first two years
were pretty casual but then after Hurricane Irma wreaked havoc on the Keys her
search got a little more serious.
I happened upon a house that I just knew was for her. It checked all of her homeownership boxes so
I sent her a text that said “I found your house…”. The next day we went to go
see it in person and 6 weeks later my friend was a bonafide homeowner.
How did we do it? Dedication and diligence; we had a plan and executed it to the T.
Before this house came along we did our homework and sat down with a lender. Since this is often the scariest step for a potential buyer I went with her to the meeting and helped to guide the conversation so that everyone was on the same page and all of her questions were answered. My friend walked into that appointment thinking she wouldn’t qualify and then walked out of the meeting with a pre-qualification letter in hand for $500K.
Let the fun begin! Once we had the pre-qualification letter I knew where we needed to focus our search. We waited about a year and a half and sifted through listings in the $400-$500K range until 18 Riviera Drive hit the market. That was the house, I just knew it.
Since we had been working together for a bit I knew what the financial picture was and how much money my clients had to put down so we structured the contract so that the sellers also contributed to the closing costs and the buyers had minimal out of pocket expenses.
Let’s break this deal down by the numbers. Here’s a sample of what your out of pocket costs would be based on a $499,000 sale price and FHA financing with 3.5% down.
Up Front Fees
Initial Escrow Deposit (within 3 days of acceptance )
Insurance Mitigation Forms
Flood Insurance Premium
Total Up Front Fees Due
Additional Escrow Deposit (due on day 11)
Estimated Closing Costs
3.5% Down Payment
Less Escrow Deposits
Total Amount Due @ Closing
Less Seller Contribution
Additional Funds Needed to Close
Wondering how to come up with $21,250 to close? Save for a year, take a look at your 401(k) / retirement accounts (you can borrow and avoid penalties when purchasing a home), maybe you have a family member that will gift you the money. The point is where there is a will there is a way and there are options if you have a plan.
Still aren’t convinced?
Check out how much money the average Florida Keys resident is contributing
to someone else’s bottom line over a 5 year period:
x 12 Months Per Year
Total Rent per Year
Total $ Spent over 5 Years
That’s $162,000 every 5 years that you are putting in someone else’s pocket. It’s time to make the investment in yourself and your future in the Florida Keys. I’m a full time Realtor in Key West and ready to help put you on a path to homeownership. Let me be your real estate”easy button”, contact me today 305-394-4073.
One of the perks of selling real estate in Key West and The Florida Keys is that you get to see a lot of wonderful homes throughout the process of helping your buyers find their dream home. You never know what awaits you behind the charming fences of Old Town or what little gem will be tucked away in New Town that is perfect for the first-time home buyer. The Key West Association of Realtors puts on a Realtor Caravan a few times a month highlighting properties that are located from Old Town Key West to Big Pine Key, FL .
Last week I attended the New Town Caravan in Key West and below are 5 homes I saw last week and can’t stop thinking about. All of these homes are under $675K and many of them perfect for a first-time home buyer. Click the link below to see the full MLS datasheet and photos of the listings:
I am a full time resident and Realtor in the Florida
Keys. If you’re interested in learning
more about Key West real estate please feel free to contact me at 305-394-4073
and let me help you live where you vacation!
A few weekends ago I met some girlfriends in Key Largo to celebrate my best friend getting married (Cinco de Mayo in the Sunshine) and we haven’t stopped talking about it since. Living in Key West means that I am usually the friend that has to travel the farthest to participate in life events of my friends and family (it’s just one of the sacrifices you make to live on an island and I wouldn’t have it any other way.) but this time I got to have 7 ladies in my backyard and show off The Florida Keys. Although I’ve lived in Key West for quite some time the Upper Keys have typically been a place to stop and grab lunch, perhaps a cocktail or two between trips from Key West to the Mainland, but I’ve never spent a weekend there so I started researching and planned the most ultimate bachelorette partay.
If anyone is thinking about taking an Upper Keys Rendezvous here’s a quick recap of our weekend with recommendations…
We stayed at Keys Breeze, a privately owned condo at The Mariner’s Club in Key Largo managed by Star Properties. The property was perfect for our group, 3 bedrooms with a great kitchen, private balcony overlooking the water, and plenty of room for everyone. The property itself had resort style amenities with a walk-in pool, private beach, and an adult only pool and hot tub.
The girls arrived on Friday afternoon and after a day of
traveling I knew that everyone would likely want to have a cocktail, bite to
eat and freshen up before heading out to a local restaurant.
One Love food truck located at the Chevron Station on Stock Island provided the welcome platters for the ladies. Since I was driving up I placed the order 2 weeks ahead of time and they were ready for pick up on my trip up The Keys.
We had fresh guac & house made plantain chips, jerk rubbed tuna w/ wasabi crema, ceviche & chips, and a tropical fruit & meat charcuterie board. Is your mouth watering yet?
^^side-note: these platters would be perfect for happy hour, a potluck, boat day, welcome gifts, anything!
Once the girls were ready we grabbed a cab to Lorelei, one of the most popular dock bars in Islamorada. They had live entertainment and most importantly cold cocktails and good food.
Saturday we took advantage of the resort and played by the
pool for the day. The condo had a handy
cooler in it so we filled it up with White Claws and headed to the sunshine armed
with sunscreen and sombreros.
After getting sunkissed we freshened up for a photo session
with Costa Vida Photography. Michaelynn
was recommended to me from Jaclyn, the owner of Star Properties and Michaelynn
was great, she bearing a bottle of sparkling rose and made all of the girls
feel super comfortable and beautiful.
For dinner I hired a private chef to come to the condo and cook dinner for the ladies. I cannot say enough good things about Chef Wes and his assistant Penny. From start to finish they were wonderful to work with. Penny was responsive to all of my emails and questions throughout the process. The food was excellent and they take care of the clean up too!
Helloooo Sandbar Sunday! We headed out to the Islamorada Sandbar via the Tiki Tiki and we had an amazing time! The Tiki Tiki is an all-inclusive boat charter that comes complete with rafts, drinks, food, and music of your choice. The captain fileted fresh grouper and shrimp on a paddleboard in front of us and cooked it on the grill for lunch. But the best part of the day was that they took photos of the whole day so no one was glued to their phone and everyone got to enjoy the day.
Whether you’re staying the weekend or just passing through I hope my upper keys hit list helps you enjoy the sunshine and all of the amazing things that The Florida Keys have to offer!
If you’re thinking of buying or selling in the Florida Keys contact me, I’m a full time resident and Realtor in The Florida Keys and ready to help you live where you vacation!
Welcome to 1202 George Street! This three bedroom, two bathroom home with a separately metered, legal accessory unit is located on a large private and fully fenced lot in Mid Town Key West.
The main house features three bedrooms and two baths with slate tile throughout. The galley style kitchen features stainless steel appliances and opens to the living and sunrooms. The large sunroom off the back provides plenty of natural light and a great addition to the living space of the home.
The separate, rear unit was completely redone in 2016 as a studio with full bath, private entrance and yard, and separate washer/ dryer. The property also features low maintenance landscaping and an electric fence for off street parking.
This property is currently a long term rental with Gross Rental Income of $55K which believe it or not is under market for the current rental rates in Key West, market rents project a gross rental income of $62K+
Click the link below for the complete MLS Datasheet, additional photos, and the Matterport Virtual Tour.
I am a full time realtor with Preferred Properties in Key West and would be happy to help you in your home search. You can reach me via text or phone at 305.394.4073 or shoot me an email: firstname.lastname@example.org.
Just listed in Port Pine Heights on Big Pine Key this 3 bedroom, 2 bathroom home is the epitome of keys living.
The kitchen opens to the living room and then onto the screened porch for ample living and entertaining space and features recycled glass countertops and new appliances. The master suite has a walk-in cedar closet and a recently updated en-suite master bath as well as private access to the screened porch overlooking the canal. On the opposite side of the home is where you will find the two guest bedrooms which also share an updated bathroom.
Located on a pristine canal this home has great boating access and a 10,000 lb lift. Additional outdoor amenities include irrigation, low maintenance landscaping, fully fenced yard along with a swim spa, outdoor shower, covered parking and plenty of storage for bikes, paddleboards/ kayaks, and so much more.
The house has a metal roof, hurricane impact windows (in addition to the accordion hurricane shutters), custom concrete construction and is elevated making the insurances very affordable. Relax outdoors on the screened back porch while enjoying the private, lush nature preserve that Big Pine Key has to offer.
Click the link below to view the complete MLS data sheet as well as additional photos. For additional information or to schedule a private showing please contact me directly at 305.394.4073 or email@example.com
Did you know that this week, 8/5-8/11 is Simplify Your Life Week? As if we needed a reason to simplify our lives. With “Back to School” just around the corner many of my clients and friends are gearing up for a busy fall and upcoming “season” that lies ahead.
I’ve found that the simpler I can make something, whether a meal I’m cooking, a process I’m learning, or a routine I’ve had for years the easier things seem to flow and the more grateful and mindful I am. That being said one of the things I’ve really focused on as a real estate agent over the past year is to simplify the process for my buyers and sellers.
Real Estate transactions are complicated but they don’t have to be for client, in my mind, my job as an agent is to make this a simple experience so that it brings more mindfulness to the transaction and that the buyer and seller don’t get caught up in the minutia of the transaction.
Here are a few ways I’m simplifying the real estate experience for my clients:
E – Sign Errrrythang – Docusign, an electronic signature platform, has changed my life, not just professionally but personally as well. This super user-friendly platform allows me to send, receive, and sign documents electronically. This is especially helpful in a destination/ niche market where buyers and sellers are constantly on the move. E-signature is THE way to go.
FREE Listing Consultation – Are you thinking about selling your house but know that there are some things that you need to take care of prior to listing in order to maximize your profits? Let me help you make that list and prioritize it. Some projects are more important than others when preparing your home to sell.
I’ve Got A Guy –Need a recommendation for an AC repair man? How about someone to haul away all the debris from your demo? Need a wet bar installed? I’ve Got a Guy. Having a locally recommended and accredited list of vendors on hand for my clients allows for them to have work performed quickly and gives them confidence in the work being performed.
Of course, these are just a few, but a great example of how using these techniques and more I’m able to simplify the process for both buyers and sellers and create a positive customer experience.
I am a full time real estate agent in Key West and ready to help you SIMPLIFY your Key West real estate transaction. If you’re interested in purchasing or selling in The Florida Keys, please contact me, Krystal Thomas at firstname.lastname@example.org or 305-394-4073.