tomo logo

$9,475,000

Beds
5
Baths
6.5
sq ft
4,345

262 Rosemary Ave, Inlet Beach, FL 32461

262 Rosemary Ave

Rosemary Beach, FL 32461

  • 15 days on market
Perfectly positioned on one of the largest lots (5,300 s.f.) in Rosemary Beach, this second row, 4,345 s.f. idyllic coastal retreat, with awesome GULF VIEWS, is located adjacent to walkover A which is the wheelchair and stroller accessible access to the sandy white beaches and emerald-green waters. Directly across Rosemary Avenue is Rosemary Children's Playground and Park that is shaded with sand flooring so the kids can run and play barefooted when taking a break from the beach making untold memories with their friends, siblings, parents, and grandparents. Designed by Eric Watson with curated selections from Tracery Interiors create a unique continuity throughout the home which showcases a mix of natural stone and hardwood floorings, venetian plaster and pecky cypress walls, exposed beam ceilings, revived with new rugs, chairs, couches, art and refreshed landscaping. Topped off with a new metal roof and gutters. This home's unique beauty is expressed through the rich color palate, construction materials and masterful architectural details. The primary characteristic is the elevated masonry base which allows porches and outdoor spaces to catch cool ocean breezes. Details like shuttered windows and doorways, lofty, very high ceilings, steep roof, to shed rainwater and large porches that act as another living space in the home were added to the design making the end result a very uniquely styled home that elevate the coastal aesthetic with familiar and natural materials. The full sized Elevator services all three floors. State of the art electronics including the homes' lighting, climate and security controlled by Savant system. Two private Guest ensuites sit on opposite wings of the first level with direct access to the resort inspired courtyard oasis with a sparkling salt water pool with sun shelf, water feature and summer kitchen with Lynx grill, ice maker, refrigerator, marble countertops, outdoor shower(s). Positioned between the two ensuites is the Media lounge for gaming, movies, and quiet time that includes a wet bar. The second level Primary suite is adorned with luxurious fabrics, venetian plaster walls, a limestone fireplace, and a lavish ensuite bath with double rail head shower with free-standing tub. French doors open to the balcony overlooking the pool. A picturesque bunk room complete with a separate media room and gamer's paradise complete the second level. As you enter the living area of the third level you are met with Gulf Views from every corner of the living and kitchen areas that lead out to the full length balcony where you can enjoy ocean views, stunning sunsets, and smell, hear, and feel the wind and ocean. It doesn't get any better than this in Rosemary Beach! Anointed with new furnishings, rugs, and art the limestone fireplace is centered for your enjoyment and you'll enjoy the open living space with high beamed ceilings, a customed tufted banquette, and first class kitchen with marble counters, 6-burner Wolf stove, double Thermador ovens, a new Wolf refrigerator and new Bosch dishwasher. Sweet! Attention to detail and functionality was continued to the carriage house that boast of Gulf Views from the porch, separate living area with a Full kitchen, modern cabinetry, hardwood flooring, and private bedroom. Rental income has been as high as $500K annually with 70+ exemplary reviews.

Details

Property type

Single Family Residence

Est. home value

$8,465,987

Lot size

5,227 sq ft

Price per sq ft

$2,181

Year built

2002

Monthly HOA fee

$471.67

Price History

12/06/2024
EmeraldCoast

EmeraldCoast #964322

Listed
$9,475,000
+9.86%
06/01/2023
EmeraldCoast

EmeraldCoast #919803

Sold
$8,625,000

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Bay

High school: 

South Walton

Community features: 

Pool, Tennis Court(s)

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

Busey Bank

Loan start date

June 2023

Original loan amount

$7,000,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Building or Construction Loan

Seller

262 Ave 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?

Similar Homes Nearby

EmeraldCoast
$9,059,900
4 bd
|
5.5 ba
|
4,743 sq ft
|
Townhouse

40 N Somerset St, Inlet Beach, FL 32461

EmeraldCoast
$8,750,000
4 bd
|
5.5 ba
|
4,693 sq ft
|
Townhouse

44 N Somerset St, Inlet Beach, FL 32461

Price drop
EmeraldCoast
$8,395,000
6 bd
|
5.5 ba
|
5,863 sq ft
|
Condo

16 S Barrett Sq Unit 5, Inlet Beach, FL 32461

Status: Active

Tomo last checked: 12/22/2024 at 12:25 AM

Listing updated: 12/16/2024 at 3:04 PM

Listed by: Tara P Walker, Rosemary Beach Realty LLC Phone #: (850) 278-2000

MLS: EmeraldCoast #964322

EmeraldCoast logo

Recently listed in Rosemary Beach