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$950,000

Beds
4
Baths
4.0
sq ft
2,281

257 Driftwood Rd Unit 1, Miramar Beach, FL 32550

257 Driftwood Rd Unit 1

Miramar Beach, FL 32550

  • <1 day on market
What could be better than owning a fully furnished, end-unit townhome at Driftwood? This exceptional 4-bedroom, 4-bathroom property is located just 700 feet from the pristine sands and emerald waters of Miramar Beach. Imagine being just a short walk away from the area's largest beach access and Pompano Joe's, a beloved beachfront restaurant perfect for dining with a view!The townhome has been professionally decorated with high-end finishes throughout, offering a luxurious yet comfortable atmosphere. The first floor features a fun bunk room with twin-over-twin and full-over-full beds, a full bathroom, private patio, laundry area, and a 1-car garage. (CLICK MORE) The second floor is an entertainer's dream with an open living area, flat-screen TV, and a gourmet kitchen with granite countertops and stainless steel appliances. It also boasts a spacious dining area with seating for 12 and a private guest bedroom with a king bed, walk-in closet, and deck. On the third floor, you'll find the master suite with a king bed, spa-like bathroom, and walk-in closet, as well as an additional guest bedroom with a king bed, private deck, en-suite bathroom, and second washer/dryer. Residents of Driftwood enjoy access to a heated pool and sundeck, perfect for relaxing after a day at the beach. Pet-friendly and with strong rental potential, this townhome offers the ultimate coastal retreat, whether for a family vacation or as an investment property. Don't miss your chance to own a piece of paradise! Schedule your showing today!

Details

Property type

Townhouse

Est. home value

$933,756

Lot size

Unknown

Price per sq ft

$417

Year built

2017

Monthly HOA fee

$325

Price History

01/24/2025
EmeraldCoast

EmeraldCoast #966973

Listed
$950,000
+52%
07/15/2020
EmeraldCoast

EmeraldCoast #847500

Sold
$625,000
+13.66%
02/16/2018
EmeraldCoast

EmeraldCoast #788237

Sold
$549,900

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

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

$422,443
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$451,557
Cash to seller
$422,443

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

July 2020

Original loan amount

$500,000

Est. remaining balance

$451,557

Interest rate

3.15%

Loan type

New Conventional, 30 year

Seller

Michael J Gelande and Barbara J Gelande

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: 01/24/2025 at 6:40 PM

Listing updated: 01/24/2025 at 1:24 PM

Listed by: Jilenna D Parmeley, Jilenna D Parmeley, Jilenna D Parmeley, Worth Clark Realty Phone #: (800) 991-6092

MLS: EmeraldCoast #966973

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