The refined Reach Resort in Key West, which boasts the area's only private natural beach, just unveiled a $37 million makeover placing it in the top rank of Keys getaways. The revamp, led by the award-winning Looney & Associates design studio, brings a fresh, contemporary, boutique hotel feel to one of Old Town Key West's longstanding favorites. Located near that great Southernmost Point Guest House for sale that we told you about recently, the Reach beach is just seven miles from the only living coral reef in North America.

Rolled out in phases over the last few months, the final step of the revamp was just completed with the opening of an outpost of New York's popular Strip House restaurant. Designed by David Rockwell, the saucy steak joint with an haute-burlesque theme - think of a restaurant run by a demure Dita Von Teese -- is becoming a popular export. As we reported recently a Strip House also just opened in San Juan's chic Condado Plaza.

Forget the winery fantasy for a moment, let's return to the bed and breakfast fantasy. Imagine owning this piece of real estate and being the owner of a small inn in Key West, Florida. The Southernmost Point Guest House is located on Duval Street in the heart of Key West's tourist area near the official southernmost point of the Continental United States. The historic mansion is on a corner lot with gardens leading to the pool, parking, trellised patio and a wide porch that wraps around the building. There are 10 bedrooms and eight bathrooms and seven spacious apartment units in two buildings. According to the Southernmost Point Guest House website, some of the apartment condos are for sale for $650.000. This beautiful spot is listed at $4.25 million.