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Beach House

119 Snowdrift Road

Destin , FL 32550

MLS#: 887454

$3,695,000

Status: Closed
Listing number: 887454
Listing provided by: Amerivest Realty
Listing agent phone: None
Last update: N/A
On site: 3 years ago
Browse Properties
SNOW DRIFT BEACH - Residential

Property

Beds

8

Full Baths

7

1/2 Baths

1

Year Built

2001

Sq.Footage

4,224

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.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Cathedral Ceiling(s), Kitchen Island, Vaulted Ceiling(s), Pantry

  • Total Bedrooms

    8

  • Bathrooms

    7

  • 1/2 Bathrooms

    1

Exterior

  • Garage

    No

  • Construction Materials

    Frame, Vinyl Siding

  • Other Exterior Features

    Balcony

  • Parking

    Garage Door Opener

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Beach House

Price

  • Sales Price

    $3,695,000

  • Zoning

    Resid Single Family

  • Sq. Footage

    4, 224

  • Price/SqFt

    $874

HOA

  • Association

    No

School District

  • Elementary School

    Van R Butler

  • Middle School

    Emerald Coast

  • High School

    South Walton

Property Features

  • Stories

    2

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Location

County

Walton

Elementary School

Van R Butler

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Christopher R Harper , Amerivest Realty

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Agent Owner

FrankoAgent

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(893) 213-821

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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.

119 Snowdrift Road

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