1121 Margaret Street, Key West, FL 33040

$2,959,950
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 3,000 Lot Size (sq. ft.): 5,243 Status: Closed
Current Price: $2,959,950 List Date: 10/01/2021 Last Modified: 8/24/2024

Description

The newly renovated structure at 1121 Margaret St. once housed the historic Molina's Bakery and is a brilliant example of adaptive reuse. Sold with $11,950 in furnishings and $48,000 in art. The 3000 sf home includes 4 bedrooms, a mother-in-law apartment, a large office/studio, 3 full & 2 half bathrooms, laundry room and garage. The great room at the back of the home has an exquisite galley kitchen and island that serves the large living/dining spaces. There is a wall of glass leading to the outdoor living/dining/entertaining space with gorgeous tropical landscaping, a swimming pool, water feature and outdoor shower. There is a large central courtyard and meditation garden that not only provides another peaceful outdoor respite but also allows natural light to filter throughout the home. Unique and clever design features abound some of which were designed and fabricated by the owner architect. One feels the cool, mod vibe as soon as entering the home. The floors are bright finished concrete. Walls vary between stenciled designs, Italian fresco and a crisp white surface for displaying artwork. Owners reserve the right to leaseback the property for up to 12 months beyond the closing date.

More Information MLS# 597949

Contract Information

Listing Board: Key West Association Current Price: $2,959,950 Listing Date: 2021-10-01 Sold Price: $2,959,950

Location, Tax & Legal

KW Neighborhood: Old Town-S of Truman City: KEY WEST Mile Marker: 1 Marathon Neighborhood: N/A Side: Median Flood Zone: 0.2 PCT ANNUAL CHANC Alternate Key #: 1030741 Parcel #: 00029990-000000 Zoning: HHDR - Historic High Density Residential Deed Restrictions: Unknown Legal: KW INVESTMENT CO SUB PB 1-49 LOT 3 SQR 6 TR 12 Taxes: 10346.56 Tax Year: 2020 Pub Sewer HkUp: Yes Street #: 1121 Street Name: Margaret Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Investment Co Sub (1.0) Area: 02 - Key West

General Property Description

Realtor.COM Type: Residential - Single Family Waterfront: No Control Depth: 0 Lot Size: 49x107 Lot SqFt: 5243 Pool: Yes Total Units: 0 Acres: 0.12 SqFt Source: Builder/Architect Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Single Family Year Built: 1948 Living Apx SqFt: 3000 Total Bedrooms: 4 Full Baths: 3 Half Baths: 2 Total Baths: 5

Remarks & Misc

Remarks – Consumer: The newly renovated structure at 1121 Margaret St. once housed the historic Molina's Bakery and is a brilliant example of adaptive reuse. Sold with $11,950 in furnishings and $48,000 in art. The 3000 sf home includes 4 bedrooms, a mother-in-law apartment, a large office/studio, 3 full & 2 half bathrooms, laundry room and garage. The great room at the back of the home has an exquisite galley kitchen and island that serves the large living/dining spaces. There is a wall of glass leading to the outdoor living/dining/entertaining space with gorgeous tropical landscaping, a swimming pool, water feature and outdoor shower. There is a large central courtyard and meditation garden that not only provides another peaceful outdoor respite but also allows natural light to filter throughout the home. Unique and clever design features abound some of which were designed and fabricated by the owner architect. One feels the cool, mod vibe as soon as entering the home. The floors are bright finished concrete. Walls vary between stenciled designs, Italian fresco and a crisp white surface for displaying artwork. Owners reserve the right to leaseback the property for up to 12 months beyond the closing date. Directions: US1 S to Truman Ave. Turn left (south) on Margaret St. House is on the left on Margaret between Virginia and Catherine Streets.

Status Change Info

Sold Comments: included $11,950 of furnishings & $48,000 of art Sold Date: 2021-10-21 Sold Price: $2,959,950 Status: Closed

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

Homestead: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Microwave: 1 Oven: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Wine Cooler: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1 Central Air: 1 Ductless: 1 Heat: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Concrete: 1

Interior Features

Built-in Cabinets: 1 Entrance Foyer: 1 Quartz Countertops: 1 Sky Light(s): 1 Storage: 1 Walk-in Closet(s): 1 Wet Bar: 1

Property Condition

Updated/Remodeled: 1

Specialty Rooms

Laundry Room: 1 Other: 1

Building Style

Above Flood: Unknown Ground Level: 1 Stories: 1 Story

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Car(s): 1 Garage: 1

Construction

CBS: 1 Concrete: 1 Hardi Board Siding: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Furnished: 1 Partially: 1

Utilities

Cable Available: 1 FKAA: 1 Municipal Sewer: 1

Porch/Balcony

Deck: 1 Patio: 1

Exterior Features

Fencing: 1 Fruit Tree(s): 1 Lighting: 1 Outdoor Shower: 1 Privacy Wall/Fence: 1 Sprinkler System: 1 Water Display: 1

Pool Info

In Ground: 1 Concrete: 1 Decked: 1

Pre-Wired

Cable: 1

Roof

Other Roof: 1

GF-Interior Features

LED Lighting: 1 Tankless Hot Wtr Htr: 1

Property Features

Fee Includes: None Tax Exemptions: Homestead Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Building Style: Ground Level Vehicle Storage: Garage Furnished: Furnished; Partially Cooling: Ceiling Fans(s); Central Air; Ductless; Heat Utilities: Cable Available; FKAA; Municipal Sewer Interior Features: Built-in Cabinets; Entrance Foyer; Quartz Countertops; Sky Light(s); Storage; Walk-in Closet(s); Wet Bar Pre-Wired: Cable Specialty Rooms: Laundry Room; Other Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Fencing; Fruit Tree(s); Lighting; Outdoor Shower; Privacy Wall/Fence; Sprinkler System; Water Display Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete; Hardi Board Siding Floor: Concrete Roof: Other Roof Pets: Pets Allowed Land Size: Less Than 1/4 Acre GF-Interior Features: LED Lighting; Tankless Hot Wtr Htr
Listing Office: Truman & Co. (KW)
Last Updated: August - 24 - 2024
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