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$525,000

Beds
2
Baths
2.0
sq ft
1,047

205 Highway A1a Unit 503, Satellite Beach, FL 32937

205 Highway A1a Unit 503

Satellite Beach, FL 32937

  • 69 days on market
Grab your surfboard! Oceanfront condo, perfectly located in serene Satellite Beach community. This stunning property offers breathtaking views of the Atlantic Ocean, where you can enjoy spectacular sunrises from the comfort of your own balcony. The condo boasts a large open great room and two well-appointed bedrooms, each designed for relaxation, with ocean views and plenty of closet space. The master suite features an en-suite bathroom, providing a private retreat after a day of beach activities. Whether you're looking for a full-time residence or a lucrative Airbnb investment, this property offers the best of both worlds. This Arbnb is nearly 100% booked for Sept-Nov. Multi million dollar completed enhancements include new roof, concrete structural restoration, balconies, railings, new sea wall and fire sprinkler system. Plans are underway for new drainage, pool, and landscaping to finish the beautiful exterior by 2025. Owner has paid all current assessments in ful The completed projects include a total concrete structural restoration, new roof, a multi-million dollar seawall and many more. Owner will send a detailed list of completed and on-going building projects if interested. A fire sprinkler system is being installed now. Plans are underway for new drainage, pool, and landscaping to finish the beautiful exterior by 2025. Owner has paid all current assessments in full. In the FL vacation properties market, ocean front is king! This makes Unit 503 easy to rent as a short-term rental with regular 5-star ratings, plus there are future rentals on the books into March 2025 if desirable. Once the pool and landscaping are completed, this condo should command 2-4 times the current nightly rate.. Don't miss out on this rare opportunity to own a direct ocean front short-term rental property on the top floor with the best views and a large private balcony for you to enjoy and make money too.

Details

Property type

Condominium

Est. home value

$467,470

Lot size

871.2 sq ft

Price per sq ft

$502

Year built

1964

Monthly HOA fee

$1,005

Price History

11/11/2024
BrevardMLS

BrevardMLS #1024920

Price change
$525,000
+5.21%
09/15/2024
BrevardMLS

BrevardMLS #1024920

Listed
$499,000
+96.1%
03/12/2020
BrevardMLS

BrevardMLS #858252

Sold
$254,461

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Chase Manhattan Mtg Corp

Loan start date

May 1996

Original loan amount

$69,500

Est. remaining balance

Not provided

Interest rate

8.05%

Loan type

Not Provided

Seller

Raymond E Seiford and Mary Frances Seiford

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: 11/22/2024 at 7:40 PM

Listing updated: 11/18/2024 at 2:35 AM

Listed by: Lori Ann Migliore, Blue Marlin Real Estate Phone #: (321) 877-2902

MLS: BrevardMLS #1024920

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