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$7,950,000

Beds
6
Baths
6.5
sq ft
6,645

231 W Bermuda Dr, Santa Rosa Beach, FL 32459

231 W Bermuda Dr

Santa Rosa Beach, FL 32459

  • 143 days on market
    • Price drop $350,000↓
Palatial in scale and design, this six-bed, six-and-a-half-bath concrete constructed home boasts incredible lake and gulf views. Located in The Retreat, this distinguished home is privately situated behind wooden gates and has two large balconies for enjoying the mesmerizing gulf views. All three floors of luxury living can be accessed by an elevator. A sense of arrival is experience as one walks from the grand entryway to the great room, passing a formal dining room with a heavy wood-beamed ceiling. A wet bar is perfectly located for serving drinks when entertaining indoors or outside by the pool. Multiple windows look out onto the serene heated pool and terrace with amazing gulf and dune lake views from every angle. Steps add to the changing dynamics of the grand living space with multiple windows framing lake and gulf vistas. The spacious sitting room is carefully arranged around a chateau-sized fireplace with built-in display shelving on either side. French doors provide a seamless flow onto the generous wraparound terrace with a shady pergola for outdoor living. It's a place to linger and savor gentle gulf breezes and panoramic views. The fully equipped outdoor kitchen is perfect for casual dining and entertaining. An open fireplace adds warmth on cooler evenings. The restaurant-worthy chef's kitchen is magnificently appointed with custom cabinets and granite counters. A large island and a butler's pantry with a wine refrigerator provide additional workspace when entertaining. An impressive Wolf gas stove sits beneath a huge hood in an exquisitely tiled recess. All six bedrooms have their own private baths, featuring custom showers and cabinetry. In the first-floor guest suite, white oak floors resonate with white decor to create a serene ambiance. A sleek private bathroom and an oversized walk-in closet with built-ins complete this beautiful space. The signature staircase is furnished with decorative wrought iron banisters, adding to the timeless styling. A large landing provides an additional sitting area with a TV and wet bar. It's the perfect hub for guests to fix their own breakfast or morning coffee. Lit by a glittering chandelier, the primary bedroom outshines the rest with a fireplace, sitting area and a dressing room with built-ins. It has direct access to a private balcony overlooking the Draper Lake and the Gulf. The spa-like bathroom includes a deep soaking tub, a walk-in shower with a seat and a spacious twin vanity. The third floor is a self-contained den with built-in bunk beds, a wet bar and a sitting area. This exclusive home is completed with a sweeping driveway for parking, a two-car garage and camera security. Located in Blue Mountain Beach, The Retreat is a gated, non-rental community covering 90 acres with just 87 home sites. This exclusive oasis includes areas of conservation and a private white sandy beach on the Gulf of Mexico, with unparalleled amenities, including a newly revamped and private beach club, 1,000 feet of private beach and ongoing dune restoration efforts.

Details

Property type

Single Family Residence

Est. home value

$6,945,170

Lot size

0.38 acres

Price per sq ft

$1,197

Year built

2007

Monthly HOA fee

$541.67

Price History

11/22/2024
EmeraldCoast

EmeraldCoast #955977

Price change
$7,950,000
-22.82%
08/01/2024
EmeraldCoast

EmeraldCoast #936111

Removed
$10,300,000
+24.1%
08/01/2024
EmeraldCoast

EmeraldCoast #955977

Listed
$8,300,000
-19.42%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Gated, Pool

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

Midwest Regional Bank

Loan start date

June 2022

Original loan amount

$10,280,999

Est. remaining balance

Not provided

Interest rate

5%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Billiken Llc

Lender

Midwest Regional Bank

Loan start date

April 2019

Original loan amount

$7,932,000

Est. remaining balance

Not provided

Interest rate

4.35%

Loan type

Commercial, 3 year

Seller

Billiken 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: 12/22/2024 at 4:05 PM

Listing updated: 11/22/2024 at 10:24 AM

Listed by: Blake Morar Group, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #955977

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