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$750,000

Beds
2
Baths
2.0
sq ft
1,438

13661 Perdido Key Dr Unit 402, Pensacola, FL 32507

13661 Perdido Key Dr Unit 402

Perdido Key, FL 32507

  • 147 days on market
    • Price drop $15,000↓
Welcome to 13661 Perdido Key Dr unit 402, a HIDDEN GEM of Perdido Key, Pensacola!! Perdido translates to the word ''lost'' in Spanish so it refers to the ''lost paradise'' this beautiful island of Pensacola has to offer. Perdido Key has a rich history and is a well sought after area located close the Alabama border of Orange Beach. Being somewhat of an isolated island this area offers a sense of exclusivity which creates an experience in itself. Being such a desired area and Palacio being a luxurious condo, the RENTAL POTENTIAL is quite impressive, ranging from 55k-65k GROSS. That's approximately 8% ROI!!! This gives you an opportunity to get the best of both worlds, having your own piece of paradise while having it pay for itself!!Upon entering this meticulously chic condo, you'll be greeted by breathtaking UNOBSTRUCTED OCEAN VIEWS from both the spacious living area and the MASTER SUITE, thanks to the floor-to-ceiling windows that bathe the space with natural light. Imagine waking up to the sound of waves and enjoying your morning coffee on your HUGE OVERSIZE balcony that overlooks the pristine white sandy beaches OR having a GRAND MASTER suite that has direct access to the balcony and OCEAN VIEWS of the Gulf of Mexico from the BEDROOM. Features like these are not only desirable to owners, but creates a high desirability for renters as well, boasting your rental advantage which leads to greater return!!Sold FULLY-FURNISHED, this unit is TURN-KEY ready with nice coastal chic furnishing that creates a warm cozy feel but also brings out that coastal vibe, a Galley kitchen fully equipped with modern stainless steel appliances, granite countertops, and ample cabinet space, giving it a feel of a home away from home, ALL wood tile throughout the entire unit, MASTER SUITE facing the Gulf, standing shower plus a tub, HUGE walk in closet which is adds that comfortability and space when on vacation, a WET BAR area for entertainment, HIS/HER sink in the master bath, and sturdy POLYWOOD patio furniture set up both for dining and relaxing, but most importantly that can withstand the salted air to prevent rapid corrosion. In addition, the complex has a lot of nice amenities like, private beach access, nice size hot tub, private pool, lounge area, gym etc. Outside of that, the area has a vast variety of restaurants, and recreational excursions for family, for example chartered fishing, e-bikes rentals, canoe rentals, pontoon boat rentals, adult party cruises, parks, Publix and Walmart in close proximity, Alabama Aquarium close by, kayak rentals, dolphin tours, slingshot rentals, and the list goes on!!!If you're looking for an investment that ticks ALL the boxes, UNIT 402 at PALACIO does just that, GREAT RENTAL, WELL KEPT building, PRIME LOCATION, and your very own piece of PARADISE!! Call today if you're interested in making your NEXT investment adventure your BEST investment adventure.

Details

Property type

Condominium

Est. home value

$722,181

Lot size

Unknown

Price per sq ft

$522

Year built

2001

Monthly HOA fee

$905.16

Price History

07/08/2024
CentralPanhandle

CentralPanhandle #756172

Price change
$750,000
-1.96%
06/13/2024
CentralPanhandle

CentralPanhandle #756172

Price change
$765,000
-2.55%
04/25/2024
CentralPanhandle

CentralPanhandle #756172

Listed
$785,000
+12.14%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Fitness Center

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

Renasant Bank

Loan start date

September 2023

Original loan amount

$931,200

Est. remaining balance

Not provided

Interest rate

6.25%

Loan type

Commercial, 10 year

Seller

Pam Teller

Lender

Broker Solutions Inc

Loan start date

July 2022

Original loan amount

$189,000

Est. remaining balance

$183,044

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Pam Teller

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?

Status: Active

Tomo last checked: 09/19/2024 at 11:50 AM

Listing updated: 07/08/2024 at 5:13 PM

Listed by: Ramone C Silvera, Salty Marlin Realty LLC Phone #: (850) 615-2406

MLS: CentralPanhandle #756172

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