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$2,575,000

Beds
7
Baths
7.5
sq ft
3,933

36 Palm Beach St, Miramar Beach, FL 32550

36 Palm Beach St

Miramar Beach, FL 32550

  • 207 days on market
    • Price drop $75,000↓
Discover coastal elegance in this meticulously crafted 7-bedroom, 7.5-bathroom haven nestled within the coveted Frangista Beach First Addition community. Let the sun-kissed shores of Miramar Beach beckon you home. This 2020 built masterpiece is strategically designed to maximize rental revenue. With a brisk rental history of $194,370 in 2023 and $168,350 in 2023, it's a savvy investment opportunity. Whether you seek a permanent residence or a vacation rental, this home caters to both. Dive into your own heated private pool, surrounded by lush landscaping. Enjoy private beach access, allowing you to step directly onto the powdery sands of the Emerald Coast.

Details

Property type

Single Family Residence

Est. home value

$2,144,845

Lot size

5,663 sq ft

Price per sq ft

$655

Year built

2020

Price History

05/25/2024
EmeraldCoast

EmeraldCoast #943122

Price change
$2,575,000
-2.83%
02/25/2024
EmeraldCoast

EmeraldCoast #943122

Listed
$2,650,000
+85.96%
12/14/2020
EmeraldCoast

EmeraldCoast #850812

Sold
$1,425,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

South Walton

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

$1,324,925
Asking price
$2,575,000
Closing costs (~8% of asking)
-$206,000
Est. remaining loan balance
-$1,044,075
Cash to seller
$1,324,925

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

Seller’s Loan History

Lender

Fifth Third Bank

Loan start date

December 2020

Original loan amount

$1,140,000

Est. remaining balance

$1,044,075

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Edward D A Sommer and Michelle L Sommer

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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48 Palm Beach St, Miramar Beach, FL 32550

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128 Sarasota St, Miramar Beach, FL 32550

Status: Active

Tomo last checked: 09/19/2024 at 6:15 PM

Listing updated: 09/18/2024 at 8:24 AM

Listed by: Elizabeth Boswell, Elizabeth Boswell, Elizabeth D Majors, The Premier Property Group Phone #: (850) 337-1555

MLS: EmeraldCoast #943122

EmeraldCoast logo

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