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$2,369,000

Beds
4
Baths
4.0
sq ft
3,136

107 Cypress Grove Ln, Santa Rosa Beach, FL 32459

107 Cypress Grove Ln

Santa Rosa Beach, FL 32459

  • 420 days on market
    • Price drop $5,000↓
Two homes and an adjacent buildable lot for the price of one! Saltaire features a three bedroom plus oversized bunk room main home and an attached fully-appointed one-bedroom guest house with separate entrance and hot tub. $260k gross rental income in 2023, Over $250k in 2024! Together, both homes offer flexibility and several rental options: main home that sleeps 14, guest home that sleeps 4, or both together to accommodate 18! In addition to the 2 homes and no HOA, a savvy investor will appreciate the potential of the adjacent deeded lot. A little known entrance to Point Washington State Preserve is steps away from this home, boasting miles of hiking trails with a scenic walk through majestic Cypress Grove trees, while adding seclusion and privacy to the neighborhood.

Details

Property type

Single Family Residence

Est. home value

$2,509,323

Lot size

0.30 acres

Price per sq ft

$756

Year built

2011

Price History

08/31/2024
EmeraldCoast

EmeraldCoast #930864

Listed
$2,369,000
08/31/2024
EmeraldCoast

EmeraldCoast #930864

Removed
$2,369,000
07/19/2024
EmeraldCoast

EmeraldCoast #930864

Price change
$2,369,000
-0.21%

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Pool

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

$813,493
Asking price
$2,369,000
Closing costs (~8% of asking)
-$189,520
Est. remaining loan balance
-$1,365,987
Cash to seller
$813,493

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

Seller’s Loan History

Lender

Nations Direct Mortgage Llc

Loan start date

March 2022

Original loan amount

$1,440,000

Est. remaining balance

$1,365,987

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Christopher Robinson and Veronica Robinson

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: 10/18/2024 at 10:35 AM

Listing updated: 09/30/2024 at 1:04 PM

Listed by: Melissa K Walls, Melissa K Walls, Melissa K Walls, Melissa K Walls, Melissa K Walls, The Ketchersid Group LLC Phone #: (850) 344-9848

MLS: EmeraldCoast #930864

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