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Sold

119 Snowdrift Road

119 Snowdrift Road, Destin, FL 32550

$3,695,000
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.

8
beds

7.5
baths

4,224 Sq.Ft. LIVING AREA

0.31 Acres lot

Christopher Harper

Christopher Harper

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms7.5
  • full bathrooms7
  • half bathroom1
  • KITCHEN Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • other interior Features Breakfast Bar, Ceiling Cathedral, Ceiling Crwn Molding, Ceiling Raised, Ceiling Vaulted, Floor Tile, Floor WW Carpet New, Furnished - All, Guest Quarters, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Shelving, Washer/Dryer Hookup, Window Treatment All

Area & Lot

  • Status Sold
  • Living Area4,224 Sq.Ft.
  • Lot Area0.31 Acres
  • MLS® ID887454
  • TypeResidential
  • YEAR BUILT2001
  • NeighborhoodMiramar Beach
  • Architecture StylesBeach House
  • Elementary SchoolVan R Butler
  • Middle SchoolEmerald Coast
  • High SchoolSouth Walton

Exterior

  • STORIES2
  • utilitiesElectric, Phone, Public Sewer, Public Water, TV Cable
  • PoolPool Type
  • lot featuresSidewalk, Within 1/2 Mile to Water
  • parkingOversized
  • HEAT TYPECentral
  • AIR CONDITIONINGCeiling Fan(s), Central Air
  • other exterior FeaturesBalcony, Deck Covered, Deck Open, Fenced Back Yard, Guest Quarters, Hot Tub, Patio Covered, Patio Open, Pool - Heated, Pool - In-Ground

Financial

  • Sales Price$3,695,000
  • Real Estate Tax $12,079/yr
  • Zoning Resid Single Family

Miramar Beach

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Work With Christopher

Chris has always had a strong passion and deep understanding of real estate. He excels in the building side of things and in the investment side of real estate as well. Chris knows what it means to put the best interests of his clients first.

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