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$1,399,000

Beds
4
Baths
4.5
sq ft
2,146

159 Penelope St, Miramar Beach, FL 32550

159 Penelope St

Miramar Beach, FL 32550

  • 86 days on market
    • Price drop $51,000↓
Nestled in Frangista Beach community, this luxurious 4-bedroom, 4.5-bathroom single-family home offers the perfect investment opportunity. Spanning an impressive 2,146 square feet, this fully furnished property boasts a private pool, ensuring a resort-style experience for your short-term rental guests. With all bedrooms featuring en-suite baths, your tenants will enjoy unparalleled privacy and comfort. Situated in a gated community on a quiet cul-de-sac, this home provides a secluded oasis just steps away from the pristine white sands of the beach, less than half a mile from your doorstep. Capitalize on the high demand for vacation rentals in this sought-after location and secure your investment in this turnkey, move-in ready property.

Details

Property type

Single Family Residence

Est. home value

$1,204,804

Lot size

6,098 sq ft

Price per sq ft

$652

Year built

2016

Monthly HOA fee

$141.67

Price History

09/17/2024
EmeraldCoast

EmeraldCoast #956974

Price change
$1,399,000
-3.52%
08/14/2024
EmeraldCoast

EmeraldCoast #956974

Listed
$1,450,000
+43.56%
09/10/2021
EmeraldCoast

EmeraldCoast #877595

Sold
$1,010,000
+88.79%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Gated

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

$449,044
Asking price
$1,399,000
Closing costs (~8% of asking)
-$111,920
Est. remaining loan balance
-$838,036
Cash to seller
$449,044

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

September 2021

Original loan amount

$899,900

Est. remaining balance

$838,036

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Natasha Berness and Anna Berness

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: 11/08/2024 at 11:55 AM

Listing updated: 09/25/2024 at 8:47 AM

Listed by: Cheryl A Robb, Cheryl A Robb, EXP Realty LLC Phone #: (888) 883-8509

MLS: EmeraldCoast #956974

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