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$3,290,000

Beds
8
Baths
9.5
sq ft
4,045

106 Shirah St, Destin, FL 32541

106 Shirah St

Destin, FL 32541

  • 180 days on market
    • Price drop $60,000↓
Welcome to 106 Shirah Avenue, a sanctuary where luxury and coastal charm harmoniously converge. This three-story masterpiece features 8 bedrooms and 10 bathrooms, sprawled across 4045 square feet of exquisitely designed space. The property generates over $350k in gross rental income, making it not only a serene retreat but also a savvy investment.Upon entering, you are greeted by a first level designed for comfort and elegance. Two primary bedrooms, each with its own en suite bathroom, offer a private haven. The kitchen, a culinary artist's dream, boasts granite and marble countertops, while porcelain oversized tiles provide a touch of sophistication that extends to every bathroom. The open-concept dining room flows seamlessly into the living room, creating an inviting space for gatherings. Step outside into the spacious backyard, a private paradise enclosed by a 6-foot fence. Here, a 30x15 heated pool and cascading waterfall hot tub invite you to unwind, while the outdoor kitchen makes alfresco dining a delight. The second level continues the theme of luxury with three additional primary bedrooms, each featuring en suite bathrooms. A bunk room with its own en suite bathroom adds a playful touch. Two covered balconies offer different vistasone with breathtaking beach views, the other overlooking the tranquil pool area. The third level is the crowning jewel of this magnificent home. It houses the final primary bedroom with an en suite bathroom, along with another bunk room, also with an en suite bathroom. The game room promises endless entertainment with a billiards table, arcade, and additional seating. For culinary enthusiasts, the full gourmet kitchen and ice machine are ready to cater to every need. The covered balcony on this level offers panoramic beach views, a perfect spot for relaxation and reflection. Throughout the home, custom-designed and built furniture enhance both elegance and functionality. High-end finishes, including granite and marble countertops and porcelain oversized tiles, underscore the meticulous attention to detail that defines 106 Shirah Avenue. This property is more than a home; it's a lifestylea luxurious escape that promises tranquility, comfort, and a remarkable return on investment. Don't miss the opportunity to own this slice of paradise, where every detail is crafted to perfection and every moment feels like a vacation.

Details

Property type

Single Family Residence

Est. home value

$3,040,837

Lot size

7,405 sq ft

Price per sq ft

$814

Year built

2019

Price History

07/15/2024
EmeraldCoast

EmeraldCoast #950583

Price change
$3,290,000
-1.79%
05/23/2024
EmeraldCoast

EmeraldCoast #950583

Listed
$3,350,000
+31.37%
12/10/2021
EmeraldCoast

EmeraldCoast #883769

Sold
$2,550,000
+42.46%

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,252,782
Asking price
$3,290,000
Closing costs (~8% of asking)
-$263,200
Est. remaining loan balance
-$1,774,018
Cash to seller
$1,252,782

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Regions Bank

Loan start date

December 2021

Original loan amount

$1,912,500

Est. remaining balance

$1,774,018

Interest rate

3.09%

Loan type

New Conventional, 27 year

Seller

Twin Palms Dec Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/19/2024 at 7:30 AM

Listing updated: 11/14/2024 at 12:16 PM

Listed by: Spears Group, Spears Group, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #950583

EmeraldCoast logo

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