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Build Your Dream Home

September 29, 2008

Swift Buys Density Credits from Museum

Swift buys density credits from museum

By ROB BUSWEILER Citizen Staff

An accord between the City of Marathon, Monroe County and Crane Point Museum was struck on Tuesday, allowing the museum to sell unused development density credits.

The Marathon City Council agreed to let the museum transfer 16 density units out of Marathon so it can sell them to developer Ed Swift for a project in Key Haven.

Prior to 1986, density allocations were the main determining factor for obtaining development rights. After Monroe County implemented its comprehensive land-use plan in 1986, the county's Rate-of-Growth Ordinance supplanted density units as the primary means of regulating development. However, density units still play a smaller role in the process.

Projects that exceed the allowable density for a particular land-use zone must acquire additional density allocations in order to add more units to a particular site. Those types of requirements are typically outlined in the development agreement process.

Those density allocations currently can be sold and transferred throughout unincorporated Monroe County, but a special agreement was needed to allow the density to be brought out of Marathon.

The nonprofit Crane Point Museum is selling the density units to raise money for its education programs. The museum sits on 60 acres of natural lands and claims to possess more than 200 excess density units it will never need since the land is protected.

"Our future is bright, but we really need those dollars today," Crane Point Museum Executive Director Keith Douglass told the Marathon City Council.

Douglass said the units are being sold for about $25,000 each.

"We would love to be able to sell them in Marathon, but we can't," Douglass said.

A similar request was brought before the City Council last month, but was deemed too broad. That request would have simply created a mechanism for any property's density to be sold and transferred beyond the city limits with council approval.

Under Marathon's current land development regulations, density cannot be transferred within the city.

"We have no mechanism to use [transferred density] in Marathon yet," Councilman Mike Cinque said.

Before Marathon's incorporation in 1999, the museum sold about 100 of its density units, according to city officials.

"I think it behooves us to step out and help them," Councilwoman Marilyn Tempest said.

Several residents have expressed concern over sending density out of Marathon with no chance of getting any back. The Crane Point transfer approval is a one-time agreement. The council asked city staff to begin working on an ordinance to allow density transfers within the city for possible future discussion.

Key West Real Estate 9/28-9/29/2008

NEW LISTINGS:

Active 09/27/08 Listing # 109348 3029 N Roosevelt Blvd #35 Key West, FL 33040-3909 Listing Price: $515,000
County: Monroe County
Property Type Residential Property Subtype Townhouse
Key/Island Key West Subdivision Key Cove
Beds 3 Aprx Sq Footage-FLA 1400 Tax Records
Baths(FH) 3 (2 1) Price/Sq Ft $367.86
Waterfront Yes
Year Built 2003 Lot Sq Ft(approx) 1266 ((Tax Roll))
Alt Key # 9037909
DOM 3 Lot Acres (approx) 0.029

Directions Key Cove is located right on the water on North Roosevelt Blvd across the street from Kmart, Blockbuster,Albertson and next to Home Depot.
Marketing Remark Corner Unit with water views of the Gulf of Mexico.Enclosed garage for your vehicles and your extra treasures. Open floor plan that leads you to a large outdoor balcony with tropical and ocean views. Upgraded Kitchen with granite counter tops and lots of cabinets. Upstairs bedrooms feature private balconies, high ceilings,great closet space and brite sun-lite rooms. Newer construction. Easy to Show. This is a potential short sale transaction subject to lender approval





Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:56pm
Active 09/18/08 Listing # 109350 25 Barcelona Dr Key West, FL 33040-5466 Listing Price: $175,000
County: Monroe County
Property Type Residential Property Subtype Mobile Home
Key/Island Big Coppitt Subdivision Gulfrest Park #2
Beds 1 Aprx Sq Footage-FLA 920 Tax Records
Baths(FH) 1 (1 0) Price/Sq Ft $190.22
Waterfront Yes
Year Built 1963 Lot Sq Ft(approx) 4000 ((Tax Roll))
Alt Key # 1204242
DOM 11 Lot Acres (approx) 0.092

Marketing Remark Canel front property with 50ft seawall seller wants SOLD! Mobile Home was flooded by Hurricane Wilma and should be replaced. Many of the surrounding homes have already been replaced and more to come in the future.



Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:56pm
Active 09/29/08 Listing # 109353 441 Avenue B Key West, FL 33040 Listing Price: $529,000
County: Monroe County
Property Type Residential Property Subtype Single Family
Key/Island Big Coppitt Subdivision Johnsonville
Beds 4 Aprx Sq Footage-FLA 2090 Property Data Card
Baths(FH) 2 (2 0) Price/Sq Ft $253.11
Waterfront No
Year Built 1998 Lot Sq Ft(approx) 5000 ((Tax Roll))
Alt Key # 119784
DOM 1 Lot Acres (approx) 0.115

Directions Turn off US #1 on 4th Street, continue to Avenue B turn right. Or turn off on to 2st Street , legt on Avenue B.
Marketing Remark Three level home has room for the family. The original ground level home was built in the 50s and houses a one bedroom one bath area with a complete kitchen. Home owners repaired after flood and the interior is new. In 1998, a two story stilt addition was added in the rear with three bedrooms and another bath. The stairway from the old to the new has been blocked and the ground unit is being renting for $1400 per month. New accordian hurricane shutters have been added in 2006 and roof repairs are complete. Storage under the stilt portion is enclosed with lattice and has great covered area. Shed in the rear has electricity.




Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:56pm
Active 09/29/08 Listing # 109347 2601 S Roosevelt Blvd #210c Key West, FL 33040-5101 Listing Price: $485,000
County: Monroe County
Property Type Residential Property Subtype Condo
Key/Island Key West Subdivision Kw By The Sea
Beds 3 Aprx Sq Footage-FLA 1221 Seller
Baths(FH) 2 (2 0) Price/Sq Ft $397.22
Year Built 1967 Lot Sq Ft(approx) 380900 ((Tax Roll))
Alt Key # 1067351
DOM 1 Lot Acres (approx) 8.744

Directions Across from Smathers Beach.
Marketing Remark Spacious three bedroom, two bath, located in the C building.The balcony overlooks the manicured grounds and one of the two large pools. The apartment has a remodeled kitchen, with stainless steel appliances, marble counters and nice wood cabinets with extra storage areas.



Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:56pm
Active-Short Sale 09/27/08 Listing # 109351 3314 Northside Dr #111 Key West, FL 33040-4119 Listing Price: $250,000
County: Monroe County
Property Type Residential Property Subtype Townhouse
Key/Island Key West Subdivision Solana Village
Beds 2 Aprx Sq Footage-FLA 1046 Tax Records
Baths(FH) 2 (1 1) Price/Sq Ft $239.01
Year Built 1986 Lot Sq Ft(approx) 1444 ((Tax Roll))
Alt Key # 8703058
DOM 2 Lot Acres (approx) 0.033

Directions Located off Northside Drive in Key West behind Publix. Unit #111 is on the right hand side all the way to the back of the subdivision.
Marketing Remark Great Solana Village Townhome! No work needed, ready to move in. Two bedroom and one and a half bathrooms with a loft. This is a potential short sale and is subject to lender approval.






Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com

BACK ON THE MARKET:

Active 10/05/07 Listing # 106676 1601 Patricia St Key West, FL 33040-5315 Listing Price: $695,000
County: Monroe County
Property Type Residential Property Subtype Single Family
Key/Island Key West Subdivision Kamien Plat #1
Beds 3 Aprx Sq Footage-FLA 1721 Tax Records
Baths(FH) 2 (2 0) Price/Sq Ft $403.84
Waterfront No
Year Built 1958 Lot Sq Ft(approx) 6300 ((Tax Roll))
Alt Key # 1061867
DOM 333 Lot Acres (approx) 0.145


Directions Corner of Patricia and Thompson Streets.
Marketing Remark Beautiful home in wonderful neighborhood close to bike path and beach. This three bedroom and two bath home features Spanish tile throughout, new bathrooms, new kitchen and tropical landscaping on a spacious lot. The living area flows throughout the house with French doors leading to the heated pool and spa. Corner lot with off street parking. This is not a drive by - must see this professionally decorated designer home. Owner is a licensed Florida real estate agent. This is a potential short sale that may be subject to third party approval.





Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com

PRICE CHANGES:

Active 02/18/08 Listing # 107907 116 G Ave Key West, FL 33040-5404 Listing Price: $499,000
County: Monroe County
Property Type Residential Property Subtype Single Family
Key/Island Big Coppitt Subdivision Coppitt Sub Amd
Beds 3 Aprx Sq Footage-FLA 1310 Tax Records
Baths(FH) 2 (2 0) Price/Sq Ft $380.92
Waterfront No
Year Built 1995 Lot Sq Ft(approx) 7000 ((Tax Roll))
Alt Key # 1195545
DOM 224 Lot Acres (approx) 0.161
See Virtual Tour


Marketing Remark Well maintained 3 bedroom , 2 bath home located just minutes from Key West.Tile floors,central a/c ,accordion shutters ,plenty off street parking , metal roof , large storage downstairs , big backyard plenty of room for pool.



Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:58pm
Active 07/09/08 Listing # 108905 3316 Harriet Ave Key West, FL 33040-4678 Listing Price: $155,000
County: Monroe County
Property Type Residential Property Subtype Townhouse
Key/Island Key West Subdivision Kw Fwdn Sub
Beds 2 Aprx Sq Footage-FLA 1032 Tax Records
Baths(FH) 2 (1 1) Price/Sq Ft $150.19
Waterfront No
Year Built 1987 Lot Sq Ft(approx) 2063 ((Tax Roll))
Alt Key # 8687931
DOM 82 Lot Acres (approx) 0.047


Marketing Remark Key West home at a great price! Vacant and easy to show. Call today!




Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:58pm
Active 08/27/08 Listing # 109191 201 Coppitt Rd #204c Key West, FL 33040-5471 Listing Price: $89,900
County: Monroe County
Property Type Residential Property Subtype Condo
Key/Island Big Coppitt Subdivision Gulf View
Beds 1 Aprx Sq Footage-FLA 580 Property Data Card
Baths(FH) 1 (1 0) Price/Sq Ft $155.00
Waterfront No
Year Built 1982 Lot Sq Ft(approx) 37500 ((Tax Roll))
Alt Key # 1196266
DOM 33 Lot Acres (approx) 0.861


Marketing Remark AFFORDABLE! Best Value-This partially renovated one bedroom one bath Tara (Bayside) condo has plenty of potential with open waterviews and plenty of parking. Don't miss this one-waterfront and only 10 miles from DT Key West. Vacant and easy to show.



Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:58pm
Active-Short Sale 01/23/07 Listing # 104682 1318 Thompson St Key West, FL 33040-3559 Listing Price: $349,000
County: Monroe County
Property Type Residential Property Subtype Single Family
Key/Island Key West Subdivision Old Town - Unlisted
Beds 3 Aprx Sq Footage-FLA 1500 Seller
Baths(FH) 2 (2 0) Price/Sq Ft $232.67
Year Built 1958 Lot Sq Ft(approx) 5610 ((Tax Roll))
Alt Key # 1044997
DOM 554 Lot Acres (approx) 0.129


Marketing Remark Wonderful renovation of a three bedroom and two bath home in a great neighborhood. Custom kitchen with granite countertops, wood cabinets, and stainless steel appliances. Bamboo floors lead you through the spacious home that includes a master suite with cedar closet, laundry room, and new windows. The exterior features bamboo fencing, metal roof, new stucco, and room for a pool all on an oversized, corner lot. This is a potential short sale that may be subject to third party approval.





Presented By: Gary J McAdams Schwartz Property Sales GMAC
Primary: 305-731-0501
Secondary:
Other:
E-mail: garymcadams@bellsouth.net
524 Eaton Street
Key West, FL 33040
305-292-2921
September 2008 Web Page: http://www.realtorgary.com
Information has not been verified, is not guaranteed, and is subject to change.
Copyright ©2008 Rapattoni Corporation. All rights reserved.


Client Summary with Addl Pics Report

Listings as of 09/29/08 at 7:58pm
Active 09/22/08 Listing # 109309 1103 Thomas St Key West, FL 33040-7516 Listing Price: $179,500
County: Monroe County
Property Type Vacant Lnd/Boat Slip Property Subtype Lots
Key/Island Key West Subdivision Old Town - Unlisted
Price/Acre $2,493,055.56
Alt Key # 1026832 Lot Sq Ft(approx) 3116 ((Tax Roll))
Lot Acres (approx) 0.072
DOM 7


Directions Into town on Truman, pass Whitehead, left on Thomas, corner of Virginia and Thomas.
Marketing Remark OWNER FINANCING with $35K down! 30 year fixed @ 10% with 3 year balloon. Build now! What a great opportunity to obtain a vacant lot at a fantastic price. Owner has plans for a HARC approved 2br 2ba 1100 square foot house available at extra cost. Letter from city showing ability to build. No rogo needed.