$1,750,000
Miramar Beach, FL 32550
MLS# 848861
Status: Sold
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Property Description
With an average review of 4.8 stars, plus 2018 gross rental income of 224K and 2019 of 213K, this income-generating property is a must see! The 10-unit community is beautifully landscaped and each cottage has been well-maintained with upgrades to kitchens and bathrooms in late 2019. There are 8 one-bedroom, one bathroom (396 square feet, sleeps 4) and 2 two bedroom, one bathroom (728 square feet, sleeps 6) modular built cottages. All cottages have a full kitchen, walk-in shower, sleeper sofa, dining area and A/C. Each cottage has a private sitting porch, dedicated parking space, outdoor grill, picnic table, Direct TV and high-speed wireless internet. There is potential for a buyer to remove the existing cottages and built 10 single-family dwellings. Buyer to verify all information.
Details
Documents
Contract Info
GCCMLS Number: 30622615
Listing Board: Emerald Coast
List Date: 2020-06-18
List Price: $2,450,000
Location, Tax and Legal
Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Property Name: Miramar Beach Cottages
Legal Description: LOT 1 MIRAMAR COURT PB 18-85 OR 2970-3006
General Property Info
Listed on GCCMLS: Yes
Property Information: A rare 10 unit multi-family, income producing investment opportunity in the heart of Miramar Beach and blocks from the beach! There are 8 one bedroom and 2 two bedroom cottages. The owners have meticulously spent the last 5 years making this property a true turn-key operation. With an average Airbnb review of 4.8 stars, plus 2018 gross rental income of 224K and 2019 of 213K, this income-generating property is a must see! Property such as this rarely hit the market. Don't miss you!
Vacant: No
Immediate Occupancy: No
Zoning: SINGLE FAM
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: With an average review of 4.8 stars, plus 2018 gross rental income of 224K and 2019 of 213K, this income-generating property is a must see! The 10-unit community is beautifully landscaped and each cottage has been well-maintained with upgrades to kitchens and bathrooms in late 2019. There are 8 one-bedroom, one bathroom (396 square feet, sleeps 4) and 2 two bedroom, one bathroom (728 square feet, sleeps 6) modular built cottages. All cottages have a full kitchen, walk-in shower, sleeper sofa, dining area and A/C. Each cottage has a private sitting porch, dedicated parking space, outdoor grill, picnic table, Direct TV and high-speed wireless internet. There is potential for a buyer to remove the existing cottages and built 10 single-family dwellings. Buyer to verify all information.
Class
Multi-Family: 1
Construction Status
Existing: 1
Multi-Family
Year Built: 2015
# of Units: 10
Actual Gross Income: 212948
# Buildings: 10
# Stories/Buildings: 1
None
Current Price: $1,750,000
Status Change Info
Status: Sold
Under Contract Date: 2020-06-20
Sold Date: 2020-08-21
Sold Price: $1,750,000
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 2
Street Name: Miramar
Street Suffix: Court
State: FL
Zip Code: 32550
County: Walton
Parcel ID: 30-2S-21-42440-000-0010
Property Features
Class: Multi-Family
Construction Status: Existing
Summary of Miramar Cottages Listing Office: Gilbert Realty
Last Updated: October - 13 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
