tomo logo

$2,988,643Estimated home value

Beds
5
Baths
5.5
sq ft
4,362

324 Beach Bike Way, Inlet Beach, FL 32461

324 Beach Bike Way

Seacrest, FL 32461

  • Sold On 11/20/2020
A rare find in Seacrest Beach, 324 Beach Bike Way features an exemplary design with both a spacious main house plus a carriage house over a two-car garage and an additional covered parking space. Even with extended non-rental periods due to state-mandated quarantine, the main home and carriage house combined have generated over $120K gross revenue through the end of August, with over $95K in future bookings from long-term guests prior to the end of 2020, thus exceeding $200,000 for the calendar year 2020 despite an approximate 90 day moratorium on short-term rentals. 2021 calendar looks bright with the carriage house alone booked for the entire year at $42,500 by itself! Great Investment income opportunity with a lovely house in incredible condition.

Details

Property type

Single Family Residence

Est. home value

$2,988,643

Lot size

4,792 sq ft

Price per sq ft

$379

Year built

2016

Monthly HOA fee

$362

Price History

04/02/2025
EmeraldCoast

EmeraldCoast #965840

Removed
$2,850,000
01/07/2025
EmeraldCoast

EmeraldCoast #965840

Listed
$2,850,000
+78.13%
11/20/2020
EmeraldCoast

EmeraldCoast #854136

Sold
$1,600,000
+23.08%

Schools & Community

Elementary school: 

Dune Lakes

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

-$328,914
Asking price
$1,650,000
Closing costs (~8% of asking)
-$132,000
Est. remaining loan balance
-$1,846,914
Cash to seller
-$328,914

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

Seller’s Loan History

Lender

Luxury Mortgage Corp

Loan start date

March 2022

Original loan amount

$1,968,750

Est. remaining balance

$1,846,914

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Aspasia Dangelo

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

Sold
EmeraldCoast
$1,649,000
5 bd
|
4.5 ba
|
3,398 sq ft
|
House

101 Seacrest Beach Blvd W, Inlet Beach, FL 32461

EmeraldCoast
$2,695,000
5 bd
|
5 ba
|
3,570 sq ft
|
House

7 Mathis Cv, Inlet Beach, FL 32461

EmeraldCoast
$2,595,000
5 bd
|
4.5 ba
|
2,826 sq ft
|
House

3 Endless Summer Way W, Inlet Beach, FL 32461

Status: Off Market

Tomo last checked: 04/03/2025 at 10:45 PM

Listing updated: 10/20/2024 at 10:56 PM

Listed by: Erin Oden Team, Coastal Luxury Phone #: (850) 213-3478

MLS: EmeraldCoast #854136

EmeraldCoast logo