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Done Deals

The Patch Estate on Sugarloaf Key was ChelleBe Blades' first Florida Keys real estate investment project.

 

Done Deals

A sample of our Key West real estate projects

Realty Executives Key West Owner/Broker ChelleBe Blades started her Florida Keys real estate career with what became a legend: the purchase and sale of the 12-acre Patch Estate on the beach at Sugarloaf Key. It was a $6.5 million investment in December 2004 that became a $12.5 million sales project over two years.

The walled and gated estate enclosed six separately deeded properties, which gave ChelleBe and her partners an opportunity to sell four of the six for $8 million within six months and a vacant lot later for $2 million. ChelleBe kept the remaining property as her home until it was sold in 2010 for $2.5 million. That was the beginning of ChelleBe's love affair with pulling together real estate deals that work best for her clients. Whether it's a $6.5 million investment or a $300,000 forever home in Key West, ChelleBe thrives on the challenge.

We hope you'll enjoy this sample of some of our projects over the past several years.

 

The Patch Estate on Sugarloaf Key

Main House Patch

The secluded, 12-acre Patch Estate is known locally as the site and neighborhood where the movies "True Lies" and "Miami Vice" were filmed. In 2004, Chellebe Blades and her partners purchased the property for $6.5 million. They sold off the six, separately deeded properties for $12.5 million. That included the sale of a three-home complex that became a private vacation home rental retreat. "We saw this as a great investment opportunity," says Chellebe. "The sum of the parts was clearly worth more than the whole."

24 Jade Drive | Big Coppitt Key

24 Jade

This two-bedroom townhome on Big Coppitt Key is just 10 minutes from Key West, which gives its residents the best of both worlds: The venues and attractions of Key West and the spectacular open water views that only the Florida Keys provide. The upscale, modern interior, designed by Real Estate Restyle, one of ChelleBe Blades' companies,  complements the tropical location.

828 White Street, Key West

828 White St

Real Estate Restyle, one of ChelleBe Blades' companies, bought and remodeled the Old Mortuary at the cormer of White and Olivia streets in Key West. The building was in foreclosure at the time and the purchase and remodel was completed in exactly one year. The three residential units and one commerical unit were remodeled and sold within a year and a half. 

16780 Old State Road, Sugarloaf Key

16780 Old State Road Sugarloaf Key

This highly desirable, 3.5-acre lot with its deep water boat dockage was one of the rarest pieces of properties in the Florida Keys. As you can see from the photos, it's an oceanfront, point lot that's ready for building. ChelleBe Blades was the principal seller on this amazing property.

41-B Sunset Key Drive, Key West

Sunset Key

There is only one duplex townhome on exclusive Sunset Key in Key West. And, 41-B Sunset Drive is it. With it's two bedrooms and 2.5 baths, this townhome is the perfect size for its owners. This is what the owners said to us after they closed on their new home just two months after their first call to us: "You have made buying our dream home a joy. There isn't one thing more you could have done for us. We will always be grateful for your kindness, support and genius in finding our home. Thank you for launching our dream."

105 Front Street, #218, Key West

105 Front Street

Truman Annex, one of Key West's famed, private and exclusive neighborhoods, offers the best of island living. From people watching to sunset celebrating, Harbour Place is one of the best seats in town to watch the gorgeous Key West sunsets. This two bedroom, 2.5 bath downtown condominium features a sumptuous range of amenities, including full ocean views, a shimmering swimming pool, sun-drenched decks, and lovely, lush courtyards. The interior features tile floors, marble baths, and breathtaking views from the living room and bedrooms. It was the perfect place for our new owner to vacation -- and it provides a weekly vacation rental revenue stream.

17156 West Allamanda Drive, Sugarloaf Key

Allamanda Pool

This Sugarloaf Key single family property is a wonderful canal-front home with serene Sanctuary views for our Canadian snowbirds. With its three bedrooms, three full baths and a pool, there's plenty of room for family and guests. Our buyers met ChelleBe when they rented one of her Sugarloaf Estates vacation rental homes. That convinced them they should make Sugarloaf their permanent, part-time residence.

Santa Maria: 1401 Simonton Street, #1, Key West

1401 Simonton

ChelleBe Blades is an expert in hotel condos, one of the smart real estate investments in Key West. Hotel condos, like this one at the Santa Maria on Simonton Street, ensure 100 percent, hands-on management by the hotel, while allowing the owner to enjoy the property at his or her leisure -- including Fantasy Fest and New Year's. This two bedroom, two-bath, ground floor hotel condo had over 90 percent occupany for a solid revenue stream. The unit is luxuriously appointed with granite counter tops, stainless appliances, marble flooring. The grounds are have lush tropical gardens, tropical pool and just steps to the beach.

Beachside: 3841 N. Roosevelt Blvd., Key West

Beachside 1Beachside 2

The Beachside Marriott Hotel Condos: For buyers interested in combining personal Key West vacation time with a steady revenue stream, hotel condos are among the island's best investment opportunities -- and they are among ChelleBe Blades' top specialities. Of the seven Beachside hotel condos sold recently, ChelleBe sold five. Two of those were these beautiful units. One is a beachfront, one bedroom, 1.5 bath with owner amenities such as a personal Suburban shuttle to Old Town with driver and 25% discounts on restaurants and bars. The second is a poolside condo with a very large bedroom and 1.5 bath. The condo has a full kitchen and dining room plus another one bedroom studio unit as a lock-off.  Rental management with over 90% occupancy and first class amenities make these hotel condos the perfect income producers that provide an excellent owner get-away.

806 Florida Street, #2, Key West

806 Florida

The Meadows is Key West's perfect neighborhood. A blend of historic, traditional Conch architecture and perfectly integrated newer construction, the Meadows is a residential neighborhood that is home primarily to long-time, permanent residents. This one-bedroom, one bath condo with a beautiful pool and private rear deck was the perfect choice for our young buyers ready for their first home. And, this project is a good example of the ways ChelleBe works for her clients. Younger friends had savings for a down payment and a very strict budget on what they could pay monthly and down. Condos had the best prices and more reasonable insurance, but condos usually take a higher percentage of down payment, and every time, we could not make it fit their budget. Until we found this Fanny Mae foreclosure, which had a sweetheart finance deal requiring as little as 5 percent down. This one program was the only way that could happen and it did.

3808 Eagle Avenue, Key West

3808 Eagle

The buyers fell in love with this most unusual estate-size property with its 17,000-square-foot lot, elegant home and separate apartment. The home was enjoyed by generations of Key West Conchs and the gardens are truly a botanical masterpiece. Two bedrooms, three baths and an office are found in the spacious main house. Accessed by an interior staircase, there is a complete two-bedroom apartment with living room, baths, kitchen and den/office. Brick paver patios and walks connect the gardens with the large pool, sunning deck, and orchid house, all surrounded by specimen trees and native plants.

52 Bay Drive, Summerland Key

52 Bay Drive

A great family found their new home on Bay Point, with the perfect neighbors and best friends built in. The buyer had found more than 85 homes she was interested in. But when ChelleBe saw  this house come back on the market after being under contract, she emailed her client: "I have a feeling about this one." Her client was on a plane in five days. They looked at this one and three others, made the offer and were under contract just six hours before other potential buyers arrived. That's how ChelleBe works for her clients. This is a canal-front, two bedroom home in the family neighborhood of Bay Point, just minutes to Key West and the Sugarloaf schools.

53 Barry Avenue, Little Torch Key

53 Barry

Meet our friends who bought this two bedroom, two bath home with its large upper sundeck that overlooks the salt ponds and sunsets of Little Torch Key. Our buyers are busy renovating and remodeling this Keys-style cottage to be ready -- complete with pool and Tiki bar -- for weekly rentals.  It is going to be a very popular addition to their vacation rental home business.

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