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.
