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$2,000,000

Beds
9
Baths
9.0
sq ft
3,968

159 Driftwood Rd, Miramar Beach, FL 32550

159 Driftwood Rd

Miramar Beach, FL 32550

  • 63 days on market
    • Price drop $200,000↓
*This property is designed as a multi-family, but is legally recorded with the county under single family.* Don't miss out on this unique investment opportunity to own a 5-unit income property with a private resort feel. Located south of 98, it is only 0.2 miles to the public beach access with NO HOA fees! Each unit boasts stylish, low maintenance polished concrete floors, modern kitchens with quartz countertops, modern bathrooms with large format tile and freestanding tubs. Recent upgrades include a new roof, water heaters, and HVAC. The impact-rated windows provide hurricane protection, while front & back patios enhance outdoor living. An outdoor shower is conveniently available for beachgoers, and the property features new landscaping.

Details

Property type

Single Family Residence

Est. home value

$1,214,541

Lot size

0.30 acres

Price per sq ft

$505

Year built

1981

Price History

10/16/2024
EmeraldCoast

EmeraldCoast #959861

Price change
$2,000,000
-9.09%
09/21/2024
EmeraldCoast

EmeraldCoast #959861

Listed
$2,200,000
+110.53%
04/28/2023
EmeraldCoast

EmeraldCoast #917175

Sold
$1,045,000

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

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

Mcu Financial Center Cu

Loan start date

April 2023

Original loan amount

$924,000

Est. remaining balance

Not provided

Interest rate

6.73%

Loan type

Commercial

Seller

Valor Property Group 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: 11/23/2024 at 4:00 AM

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

Listed by: Joanna Allen, Joanna Allen, Worth Clark Realty Phone #: (800) 991-6092

MLS: EmeraldCoast #959861

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