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Sold

167 Snowdrift Road

167 Snowdrift Road, Miramar Beach, FL 32550

$3,595,000
Price reduced! Bring your offer before interest rates increase. With 10 parking spots, this house will not be impacted by Walton County's proposed occupancy restrictions based on parking.

Amazing investment rental opportunity with many unique advantages which attract new bookings with premium pricing & creates a high rebook rate. One of the only homes on the market with a positive cash flow at the current list price. Over 334K on the books for 2022 (428K gross) despite no rentals for the first 10 weeks due to new pool install. More weeks to book. Projections of 426K for 2023 (528K Gross) with over 90K already on the books, of which 50% are repeat guests. Guests love the oversized heated pool and Jacuzzi installed in 2022. The large game room/playroom just off the pool has commercial game equipment. It adds 900 sqf, makes this vacation house feel like a 5100+ sqf space, and helps the house stand out & book

Just a 60 second walk to the private beach in a gated community.

Completely remodeled (interior & exterior) in 2021 with the new pool in 2022.

The new roof, siding, hvac system (1) and windows will save the owner on insurance and ac/heat costs while helping the house appreciate in value.

The home features 4 Bedrooms on the main level, 2 additional bunk bedrooms upstairs and a carriage home that has 2 bedrooms, 1 bath & a full kitchen and living room as well as a huge game room below just off the pool area with a full bathroom.

** Added $30,000 of outdoor Seaside Casual Furniture & new pool in 2022.

** Zillow lists 10 garage spaces, when the MLS states 10 driveway spaces without the garage and is accurate. The garage is taken up with the game room.

** The home accommodates up to 32 guests and will continue to be a popular family retreat for years to come.
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** Major Renovation/Upgrades in 2021
~ 24 gauge Steel roof
~ Hardi siding
~ All exterior windows impact
~ All exterior doors (including new garage doors)
~ One HVAC's replaced (other 2 newer) and added UV lights to all three units
~ (2) $2,600 BigAss Fans in living room - $6,000 installed as electricians needed scaffolding
~ Porch and garage resurfaced with Ninja Epoxy coating
~ Commercial gaming equipment in playroom
~ All bathrooms in main home renovated and partial renovation in upstairs carriage bath (granite/cabinets/light/floors).
~ Can lights replaced with LED kits throughout
~ Cabana upstairs retiled
~ Cabana kitchen renovated (granite counters)
~ New pool installed in February of 2022


Walton county has proposed regulations limiting occupancy based on parking spaces. With 10 driveway parking spots, this house should not be impacted. Destin (separate city) is implementing reduced occupancy limits with the grandfather exemption clause ending soon. This can make this home more desirable in the future for rentals

The profitability, large pool, commercial game room, upgrades, location, and parking spots make this a highly desirable property.

Buyer to verify all pertinent information.

8
beds

8.5
baths

4,224 Sq.Ft. LIVING AREA

0.31 Acres lot

Christopher Harper

Christopher Harper

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms8.5
  • full bathrooms8
  • 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, 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® ID894004
  • 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$3,595,000
  • Real Estate Tax $12,469/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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