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$1,175,000

Beds
6
Baths
3.5
sq ft
2,600

229 Grand Key Loop E, Destin, FL 32541

229 Grand Key Loop E

Destin, FL 32541

  • 223 days on market
Amazing Deal! BACK ON THE MARKET -- NO FAULT OF THE SELLER. 2.85% Assumable Mortgage!This exceptional FULLY FURNISHED 6-bedroom, 3.5-bathroom residence offers an incredible investment opportunity with an assumable mortgage at a remarkably low rate giving you a low monthly payment of $5,628. The buyer WILL need to cover the equity difference, but the seller is open to allowing a non-VA buyer to assume this wonderful rate. This home already generates between $100,000 and $120,000 annually while being self-managed, and with professional management, it is estimated to gross between $120,000 and $150,000 annually. Priced well below comparable properties, this investment offers the best price per square foot in the neighborhood, making it one of the best deals available. Give me a call at 850-407-7652.

Details

Property type

Single Family Residence

Est. home value

$1,286,486

Lot size

Unknown

Price per sq ft

$452

Year built

2006

Monthly HOA fee

$506.67

Price History

02/25/2025
EmeraldCoast

EmeraldCoast #955397

Listed
$1,175,000
12/02/2024
EmeraldCoast

EmeraldCoast #955397

Pending
$1,175,000
09/27/2024
EmeraldCoast

EmeraldCoast #955397

Listed
$1,175,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Gated, Pool

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

$260,091
Asking price
$1,175,000
Closing costs (~8% of asking)
-$94,000
Est. remaining loan balance
-$820,909
Cash to seller
$260,091

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

Seller’s Loan History

Lender

City First Mortgage Services Llc

Loan start date

April 2021

Original loan amount

$895,125

Est. remaining balance

$820,909

Interest rate

3.05%

Loan type

VA, 30 year

Seller

Austin Lucas Halle and Cherie Kay Halle

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: 03/03/2025 at 11:15 PM

Listing updated: 02/28/2025 at 1:15 PM

Listed by: The BE MORE Group, Levin Rinke Realty Phone #: (850) 916-5050

MLS: EmeraldCoast #955397

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Recently listed in Destin