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$520,000

Beds
2
Baths
2.0
sq ft
1,149

111 S Driftwood Bay Unit 123, Miramar Beach, FL 32550

111 S Driftwood Bay Unit 123

Miramar Beach, FL 32550

  • 71 days on market
    • Price drop $10,000↓
Price reduction( lowest $ per square foot in the complex ) in the exclusive Seascape Resort of Miramar Beach! This stunning ground-floor unit offers not only a prime location, also incredible convenience for both vacationers and owners alike. Imagine being just 50 steps from the sugar-white sands and emerald waters of the Gulf of Mexico, where your beach day is always within reach. Plus, you're only 20 steps away from one of the resort's five luxurious pools, making it easy to cool off & relax.Snowbird committed Jan through March bringing in about 8k!! Which can transfer to the buyer when they close.Projections 45-55k a year in rentals.Appraisal already completed! Screened-in patio overlooking a tranquil lake(a brand new screen will be done this month), where you can enj or evening wine with a peaceful viewThis serene setting offers a quiet escape after a fun-filled day at the beach or exploring the vibrant local area. Seascape Resort itself is a haven of amenities, offering tennis courts, a golf course, a fitness center, and access to beachside dining. Beyond that, the resort has some amazing concerts and events, hosting some of the biggest names in music, including Luke Combs, Lyle Lovett, Melissa Etheridge, Tanya Tucker, and many more, making it a destination for both entertainment and relaxation. Location, location, location! Not only are you steps away from the beach, but you're also a short distance from some of the best restaurants and shopping on the Emerald Coast. The Surf Hut, known for its seafood and beachfront views, is just minutes away, as is Acme Oyster House and Whale's Tail Beach Bar & Grill for casual dining by the shore. For those seeking more upscale experiences, Oceans Club and Seagar's Prime Steaks & Seafood are a short drive away, offering the perfect blend of fine dining and beachside elegance. Love to shop? You're a quick trip from Silver Sands Premium Outlets, one of the largest designer outlet malls in the nation, offering luxury brands like Michael Kors, Coach, and Nike. Also nearby is the upscale Grand Boulevard, featuring Tommy Bahama, Anthropologie, Lululemon, and more, along with gourmet restaurants such as Emeril's Coastal and Fleming's Prime Steakhouse. This property also presents an exceptional investment opportunity. The seller has paid all assessments in full, and the building improvements are scheduled to be completed any day now, giving the buyer peace of mind. Even better, this unit already has October bookings lined up, plus a snowbird reservation from January through March, which can be seamlessly transferred to the new owner, providing immediate rental income. Don't miss your chance to own a slice of paradise on the Emerald Coast!

Details

Property type

Condominium

Est. home value

$539,634

Lot size

Unknown

Price per sq ft

$453

Year built

1984

Monthly HOA fee

$1,019.86

Price History

11/07/2024
EmeraldCoast

EmeraldCoast #959116

Price change
$520,000
-1.89%
09/13/2024
EmeraldCoast

EmeraldCoast #959116

Listed
$530,000
+94.5%
09/07/2018
EmeraldCoast

EmeraldCoast #794042

Sold
$272,500

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Gated, Pool, Tennis Court(s)

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

$435,562
Asking price
$520,000
Closing costs (~8% of asking)
-$41,600
Est. remaining loan balance
-$42,838
Cash to seller
$435,562

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

September 2018

Original loan amount

$48,226

Est. remaining balance

$42,838

Interest rate

4.52%

Loan type

New Conventional, 30 year

Seller

Eric M Kallio and Lena T Kallio

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: 11/23/2024 at 4:05 AM

Listing updated: 11/14/2024 at 12:17 PM

Listed by: Jonathan R Marrone, EXP Realty LLC Phone #: (888) 883-8509

MLS: EmeraldCoast #959116

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