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167 Snowdrift Road

Miramar Beach, FL 32550
  • $3,595,000
  • STATUS: Closed
  • ON SITE: 254 Days
  • MLS #: 894004
Sold - 09/27/2022
$3,595,000
SOLD - 09/27/2022
  • 8
    BEDS
  • 0.31
    ACRES
  • 8
    BATHS
  • 1
    1/2 BATHS
  • 4,224
    SQFT
  • $851
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2001
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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© 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: 2022-12-03T23:59:33.63.
Vendor Member #28178.
www.coastalsandsproperties.com/homes/127052449
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167 Snowdrift Road Miramar Beach, FL 32550

  • Price: $3,695,000
  • Status: Closed
  • On Site: 254 Days
  • Updated: 212 min ago
  • MLS #: 894004
8
Beds
8
Baths
1
½ Baths
0.31
Acres
4,224
SQFT
$851
$/SQFT
2001
Built
Neighborhood:
Snow Drift Beach
County:
Walton
Area:
Miramar/Sandestin Resort
Elementary School:
Van R Butler
Middle School:
Emerald Coast
High School:
South Walton
Property Description
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.
Exterior Features

Architectural Style Beach House Attached Garage YN No Construction Materials FrameRoof MetalSlab Exterior Features BalconyDeck CoveredDeck OpenFenced Back YardGuest QuartersHot TubPatio CoveredPatio OpenPool - HeatedPool - In-Ground Lot Features SidewalkWithin 1/2 Mile To Water Lot Size Dimensions 75X180 Parking Features Oversized

Interior Features

Cooling Ceiling Fan(S) Cooling YN Yes Interior Features Breakfast BarCeiling CathedralCeiling Crwn MoldingCeiling RaisedCeiling VaultedFloor TileFurnished - AllGuest QuartersKitchen IslandLighting RecessedNewly PaintedPantryShelvingWasher/Dryer HookupWindow Treatment All Kitchen Appliances Auto Garage Door OpnCooktopDishwasherDisposalDryerIce MachineMicrowaveOven Self CleaningRefrigeratorRefrigerator W/IcemkSmoke DetectorStove/Oven ElectricWasher Room Type KitchenLiving RoomDining AreaBedroom Rooms Total 12

Property Features

Buyer Financing Conventional Community Features BeachDeed AccessGated Community New Construction YN No Property Class Residential Property Condition Construction Complete Property Sub Type Detached Single Family Tax Amount 12469 Tax Year 2021 Utilities ElectricPhonePublic SewerPublic WaterTv Cable Zoning Resid Single Family

Listing courtesy of Amerivest Realty: (800) 830-1196.


© 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: 2022-12-03T23:59:33.63.
Vendor Member #28178.
 
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2395 W. Hwy 30A W
Santa Rosa Beach FL, 32549