Description
One of the only rental homes on the market today with positive cash flow, This newly remodeled home features a carriage house, brand new pool and hot tub and is less than a minute walk to the private beach access. Over $300,000 on the books for 2022 and $48,000 for 2023 with many more weeks to book. Projections of $426K for 2023 (528K gross). 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. Completely remodeled in 2021 with all new impact doors & windows, new standing seem roof, 1 new hvac system, James Hardi siding, paint, concrete epoxy coating on front & garage game room floors, and more** 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. ** Walton county has proposed regulations limiting occupancy based on parking spaces. With 10 driveway sparking 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. ** 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 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
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8BEDS
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0.31ACRES
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8BATHS
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11/2 BATHS
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4,224SQFT
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$946$/SQFT
School Information
Description
One of the only rental homes on the market today with positive cash flow, This newly remodeled home features a carriage house, brand new pool and hot tub and is less than a minute walk to the private beach access. Over $300,000 on the books for 2022 and $48,000 for 2023 with many more weeks to book. Projections of $426K for 2023 (528K gross). 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. Completely remodeled in 2021 with all new impact doors & windows, new standing seem roof, 1 new hvac system, James Hardi siding, paint, concrete epoxy coating on front & garage game room floors, and more** 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. ** Walton county has proposed regulations limiting occupancy based on parking spaces. With 10 driveway sparking 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. ** 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 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
© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX by the Sea. Vendor Member number: 28178. Data last updated: 2022-05-17T23:59:30.65.
Vendor Member #28178.