tomo logo

$1,400,000

Beds
4
Baths
3.0
sq ft
1,862

1224 E Gulf Beach Dr, Eastpoint, FL 32328

1224 E Gulf Beach Dr

, FL 32328

  • 386 days on market
    • Price drop $100,000↓
Motivated seller considering all offers on 1224 E Gulf Beach Drive, St. George Island. This exceptional home is a rare find. With renovations now finalized, it offers a projected cap rate of 10%. This property is fully prepared for rental, allowing for immediate occupancy without any delays. Strengthen your investment portfolio with this remarkable purchase. With its final price reduction, this stunning first-tier beach home on picturesque St. George Island has stood the test of time and presents a remarkable opportunity for discerning buyers. Nestled in the enclave community of Dunes at St. George, this home offers wonderful gulf views, a private heated pool, and new kitchen cabinets and butcher block countertops completing the thoughtfully planned renovations on this gorgeous home. Boasting four bedrooms, three baths, and ample space to accommodate 12 overnight guests, every turn offers the epitome of comfort, style, and natural beauty. Wake up to the breathtaking sight of the sun sparkling on the Gulf of Mexico and savor the tranquil surroundings that this 1.05-acre corner lot provides. The open design seamlessly connects the kitchen, dining area, family room, and enclosed screened porch, creating the perfect space for entertaining and relaxation. Abundant natural light bathes the interior of the house. Located on the quiet gulf side-east end of SGI, this home offers tranquility and privacy, allowing you to escape the hustle and bustle of everyday life and immerse yourself in the serene beauty of the surroundings. The sound of the waves crashing against the shore and the gentle sea breeze will be your constant companions. In addition to its stunning location, this home offers a host of features designed to enhance anyone's beach-life experience. From spacious bedrooms providing a peaceful retreat to well-appointed bathrooms offering a touch of luxury, every detail has been carefully considered. Don't miss out on the chance to own a slice of paradise on St. George Island. Whether seeking a permanent residence, a vacation home, or an outstanding income-producing investment opportunity, this remodeled property has it all. Schedule your private showing today and start exploring all that St. George Island and the surrounding Forgotten Coast communities have to offer!

Details

Property type

Single Family Residence

Est. home value

$1,253,901

Lot size

1.05 acres

Price per sq ft

$752

Year built

1981

Annual property taxes

$7,639

HOA

No

Price History

10/11/2024
CentralPanhandle

CentralPanhandle #748750

Price change
$1,400,000
-6.67%
09/22/2024
CentralPanhandle

CentralPanhandle #748750

Price change
$1,500,000
-5.06%
08/15/2024
CentralPanhandle

CentralPanhandle #748750

Price change
$1,580,000
-5.95%

Schools & Community

Elementary school: 

Other

Middle school: 

Other

High school: 

Other

Seller’s Loan History

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

Lender

Southern First Bank Na

Loan start date

February 2023

Original loan amount

$640,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Commercial, 5 year

Seller

Tiger Beach 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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2324 Highway 98 W, Carrabelle, FL 32322

Status: Active

Tomo last checked: 11/23/2024 at 12:45 PM

Listing updated: 11/01/2024 at 7:09 PM

Listed by: Kellie Clements, Compass Florida, LLC Phone #: (305) 851-2820

MLS: CentralPanhandle #748750

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