Property
Beds
8
Full Baths
7
1/2 Baths
1
Year Built
2001
Sq.Footage
4,224
Few properties in today's market compare to the benefits presented with this incredible home. The home features 4 Bedrooms on the main level, 2 additional bunk bedrooms upstairs and a carriage home that has 2 bedrooms, 1 bath and a full kitchen and living room as well as a huge game room below just off the pool area. Additionally, the home was completely remodeled with all new impact doors and windows, new standing seem roof, hvac systems, James Hardi siding, paint, concrete epoxy coating on front and garage game room floors, and much more. Notably as well the home is within a gated community with private beach access. But, of course the most important benefit is the homes' desirability on the rental market. With $180,000+ ytd on the books for 2022 and $380,000 in Net projections for 2022 this home is a rental giant in the market at the price point it is in. When looking at the attached Cost to Own spreadsheet, the home produces a staggering 11.41% Cash on Cash Net annual ROI based on the provided rental projections. Furthermore, with discussions in Walton County about rental restrictions be limited to 3 occupants per parking space, this home won't be affected should that pass since the property occupies 10+ cars without the use of the garage. The home accommodates up to 32 guests and will continue to be a popular family retreat for years to come.
Features & Amenities
Interior
-
Other Interior Features
Breakfast Bar, Cathedral Ceiling(s), Kitchen Island, Vaulted Ceiling(s), Pantry
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Total Bedrooms
8
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Bathrooms
7
Area & Lot
-
Lot Size(acres)
0.31
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Property Type
Residential
-
Architectural Style
Beach House
Exterior
-
Garage
No
-
Construction Materials
Frame, Vinyl Siding
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Other Exterior Features
Balcony
-
Parking
Garage Door Opener
Financial
-
Sales Price
$3,695,000
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Zoning
Resid Single Family
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Location
County
Walton
Elementary School
Van R Butler
Middle School
Emerald Coast
High School
South Walton
Listing Courtesy of Christopher R Harper , Amerivest Realty
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30A Luxury Group
EXP LUXURYGROUP 30A
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