$3,000,000
Navarre, FL 32566
MLS# 954828
Status: Sold
15 beds | 9 baths | 6129 sqft
1 / 51
Property Description
***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some of
Details
Status Change Info
Sold Price/SqFt: 489.48
Status: Sold
Under Contract Date: 2024-10-29
Sold Date: 2024-12-12
Sold Price: $3,000,000
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 489.48
List Date: 2024-07-17
Current Price: $3,000,000
List Price: $2,999,999
Location, Tax and Legal
Sub Area: 1102 - East Navarre
Elementary School: Holley-Navarre
Middle School: Holley-Navarre
High School: Navarre
Legal Description: ENHANCED LIFE EST RESERVED IN: CRESCENT SHORES E 229.4 FT OF LOT K AS DES IN OR 3827 PG 2079 & E-L/E OR 4110 PG 1546
General Property Info
Sub-Type: Detached Single Family
Design: Other
SqFt Source: County PA Records
Immediate Occupancy: No
Garage: Yes
Carport: No
Driveway Spaces: 40
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 6129
Bedrooms: 15
Full Baths: 9
Total Bathrooms: 9
# Stories: 1
Year Built: 1955
Garage Spaces: 2
Acreage: 2.1
Listing Info, Tax & Legal
Who Paid Doc Stamps: Seller
Who Paid Title: Buyer
Homestead: Yes
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 10871.81
Last Tax Year: 2023
Brokerage Interest: No Interest
As Is: No
Remarks & Misc
Remarks: ***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some of
Waterfront
Intracoastal Wtrwy: 1
Shore - Seawall: 1
Sound: 1
Waterfront Feet: 229
Construction Status
Construction Complete: 1
Parking Features
Garage: 1
Oversized: 1
RV: 1
Waterview
Intracoastal Waterwy: 1
Sound: 1
Lot/Parcel Access
State Highway: 1
Lot Features
Bulkhead/Seawall: 1
Flood Insurance Req: 1
Interior: 1
Level: 1
Within 1/2 Mile to Water: 1
Wooded: 1
Construction/Siding
Brick: 1
Frame: 1
Roof Composite Shngl: 1
Roof Metal: 1
Utilities
Electric: 1
Gas - Propane: 1
Lift Station: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Zoning
Resid Single Family: 1
Exterior
Patio Open: 1
Interior
Breakfast Bar: 1
Fireplace: 1
Floor Tile: 1
Floor WW Carpet: 1
Split Bedroom: 1
Washer/Dryer Hookup: 1
Financing
Conventional: 1
Appliances
Dishwasher: 1
Oven Continue Clean: 1
Range Hood: 1
Refrigerator: 1
Security System: 1
Smoke Detector: 1
Energy
AC - Central Elect: 1
AC - Central Gas: 1
Water Heater - Gas: 1
Mstr Bdrm/Mstr Bath
MBed First Floor: 1
MBed Waterfront: 1
Master Bedroom
First: 1
Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Existing Leases
Month To Month: 1
Location Tax and Legal
Area: 11 - Navarre/Gulf Breeze
Street #: 9661
Street Name: Navarre
Street Suffix: Parkway
State: FL
Zip Code: 32566
County: Santa Rosa
Project Name/Subdivision: CRESCENT SHORES
Parcel ID: 21-2S-26-0780-00K02-0000
Property Features
Construction Status: Construction Complete
Lot Features: Bulkhead/Seawall; Flood Insurance Req; Interior; Level; Within 1/2 Mile to Water; Wooded
Zoning: Resid Single Family
Waterfront: Intracoastal Wtrwy; Shore - Seawall; Sound
Waterview: Intracoastal Waterwy; Sound
Parking Features: Garage; Oversized; RV
Exterior: Patio Open
Interior: Breakfast Bar; Fireplace; Floor Tile; Floor WW Carpet; Split Bedroom; Washer/Dryer Hookup
Appliances: Dishwasher; Oven Continue Clean; Range Hood; Refrigerator; Security System; Smoke Detector
Utilities: Electric; Gas - Propane; Lift Station; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; AC - Central Gas; Water Heater - Gas
Master Bedroom: First
Bedroom: First
Kitchen: First
Living Room: First
Rooms: Bedroom; Kitchen; Living Room; Master Bedroom
Financing: Conventional
Existing Leases: Month To Month
Supplements
the improvements include: Brand new lift station serving the 6 cottages, full new plumbing work and fixtures, walk in showers added, new sewer line into the cottages, all new wiring including panels and meters, roofs and trusses replaced, HVAC systems, impact windows, luxury vinyl floors, quartz countertops, appliances, the list goes on and on. Last year rental income was $145k with four of the cottages renovated, now all six of the are completed and now being rented. Currently the owner does not do same day turnovers and does not rent during the winter months so more rental income could be generated. The main home could also be rented out, lived in, or provide housing for an onsite manager. Properties like this simply do not come around very often!
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
| Living Room | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Kitchen | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Master Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
| Bedroom | First | 1 x 1 | 1.00 | 1.00 | Dimensions: 0 | 1 x 1 |
Listing Office: Levin Rinke Realty
Last Updated: December - 12 - 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.
