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$617,500

Beds
2
Baths
2.0
sq ft
1,215

291 Scenic Gulf Dr Unit 701, Miramar Beach, FL 32550

291 Scenic Gulf Dr Unit 701

Miramar Beach, FL 32550

  • 181 days on market
    • Price drop $31,500↓
STUNNING view of the beach and Gulf of Mexico from this 2 bed/2 ba condo located at Edgewater Beach Resort in Miramar Beach . This resort is known for its 425 feet of PRIVATE beach and lush greenery. Other amenities in this GATED community are covered parking, two beachside pools (one is being heated), waterfall spa and wading pool fitness center, children's playground, putting green, shuffleboard area and basketball court. This condo is sold fully furnished, turnkey ready! Recent updates are HVAC AND WATERHEATER 2 YEARS OLD, appliances from 2020-2021, carpet replaced 2020. Gross rental income 2022 $64K and 2023 $43K. You are within walking distance to the outlet mall and many restaurants. Don't let this one slip away!

Details

Property type

Condominium

Est. home value

$736,106

Lot size

Unknown

Price per sq ft

$509

Year built

1985

Monthly HOA fee

$1,391.95

Price History

09/06/2024
EmeraldCoast

EmeraldCoast #945516

Price change
$617,500
-4.85%
07/08/2024
EmeraldCoast

EmeraldCoast #945516

Price change
$649,000
-5.26%
05/18/2024
EmeraldCoast

EmeraldCoast #945516

Price change
$685,000
-1.44%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

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

$285,120
Asking price
$617,500
Closing costs (~8% of asking)
-$49,400
Est. remaining loan balance
-$282,980
Cash to seller
$285,120

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

Seller’s Loan History

Lender

Ntfn Inc

Loan start date

September 2019

Original loan amount

$314,300

Est. remaining balance

$282,980

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Kalan Nicole Bobbitt

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: 09/20/2024 at 5:50 AM

Listing updated: 09/06/2024 at 10:59 AM

Listed by: Marie H Babin, Marie H Babin, Marie H Babin, Marie H Babin, RE/MAX by the Sea Phone #: (850) 424-3674

MLS: EmeraldCoast #945516

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