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$1,199,000

Beds
3
Baths
2.0
sq ft
1,088

187 Tang O Mar Dr, Miramar Beach, FL 32550

187 Tang O Mar Dr

Miramar Beach, FL 32550

  • 36 days on market
LOT SPLIT POSSIBLE! The split was approved to move forward after meeting with Walton Planning on 11/14/24 where it was determined to be eligible. Complete Application Package is available upon request. ''Sand Wishes'' is a charming beach cottage that has been totally redone with extensive remodeling and all new furnishings. It is located off the beaten path in the established residential neighborhood of Tang O Mar yet close to everything Miramar Beach has to offer. Set in between Silversands Outlet Mall & Sandestin Resort you can have the feel of old Florida with it's quaint oyster shell private road yet close to shopping, Baytown Wharf, Baytown Marina, Grand Blvd, & Sacred Heart Hospital. Three minute walk to your private beach and it sits on a large lot with views of the Gulf. This is the perfect place to call your beach retreat or build your dream home. Zoning is Coastal Center and the property lies in Flood Zone X so no mandatory Flood Insurance. Options are enjoying the cottage as it sits, building a much larger single family home in the future, or pursuing the Lot Split to make room for two larger three story vacation rental homes. Sales are extremely rare in this neighborhood as it is very popular with both owners and vacationers alike. Call for a viewing today and claim your piece of paradise. Note: Lot Split for 186 Tang O Mar directly across the street was recently approved and two homes are under construction there now.

Details

Property type

Single Family Residence

Est. home value

$856,139

Lot size

0.27 acres

Price per sq ft

$1,103

Year built

1982

Monthly HOA fee

$52.08

Price History

11/16/2024
EmeraldCoast

EmeraldCoast #963255

Listed
$1,199,000
+306.44%
04/17/2015
EmeraldCoast

EmeraldCoast #708688

Sold
$295,000

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

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

$929,255
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$173,825
Cash to seller
$929,255

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

Seller’s Loan History

Lender

Regions Mortgage

Loan start date

April 2015

Original loan amount

$236,000

Est. remaining balance

$173,825

Interest rate

3.8%

Loan type

New Conventional, 26 year

Seller

Nathan Halabrin and Kellie Halabrin

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: 12/22/2024 at 6:30 AM

Listing updated: 11/21/2024 at 2:39 PM

Listed by: Hal Crane, Hal Crane, Hal Crane, Ocean Reef Realty Inc Phone #: (850) 837-3935

MLS: EmeraldCoast #963255

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