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$1,150,000

Beds
3
Baths
3.5
sq ft
2,295

37 Basswood Dr, Santa Rosa Beach, FL 32459

37 Basswood Dr

Santa Rosa Beach, FL 32459

  • 132 days on market
    • Price drop $89,000↓
This 3/3.5 BA custom-built home with an additional bunk room offers more than just a place to live--it's an opportunity for your vacation home to generate income while providing you with a relaxing beach getaway. The home is situated in a prime cul-de-sac location within the gated community of Cypress Breeze Plantation and offers unparalleled privacy and safety, just steps from the lagoon-style community pool and the breathtaking 30A beaches. If you're looking for a luxury turnkey investment property, a second home, or a primary residence, this one delivers on every front. Only 5 months on the rental program generated over $64K!This 2015-built, fully furnished home goes beyond expectations. Not only does it come with every essential amenity-- including furnishings, linens, wine glasses, and a golf cart, but you'll also find thoughtful extras like bikes for exploring the scenic Gulf Coast. On the first floor, a spacious primary suite awaits, alongside a versatile bunk room perfect for guests or children. The fully stocked gourmet kitchen flows seamlessly into the dining and living areas, creating an open-concept layout that's ideal for entertaining. Step outside to a cozy screened-in patio and fenced backyard, where you'll find privacy and serenity, perfect for relaxing with your four-legged family after a day at the beach. The second floor boasts two more beautifully appointed bedrooms, each with a private bath. One bedroom even features a private balcony, offering additional outdoor living space. Located less than a mile from the beach and Gulf Place, you'll enjoy quick access to some of the best restaurants, shopping, and entertainment that 30A has to offer. Cypress Breeze Plantation is renowned for its resort-style community pool- one of the largest in the area. Since becoming available for rent in November 2023, "Blues Away" has already generated over $64,000 in rental revenue with 47% occupancy, meaning it was only rented for five months. The investment potential is clearwhether you choose to rent it out or enjoy it as your private getaway. Plus, the home comes fully stocked and ready for guests with a completely furnished kitchen, bedrooms, and living spaces. This is the definition of turnkey luxury.

Details

Property type

Single Family Residence

Est. home value

$1,116,833

Lot size

Unknown

Price per sq ft

$502

Year built

2015

Monthly HOA fee

$220

Price History

10/18/2024
EmeraldCoast

EmeraldCoast #956865

Price change
$1,150,000
-7.18%
08/13/2024
EmeraldCoast

EmeraldCoast #956865

Listed
$1,239,000
+42.41%
11/12/2021
EmeraldCoast

EmeraldCoast #879142

Sold
$870,000
+75.76%

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

$475,306
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$582,694
Cash to seller
$475,306

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

November 2021

Original loan amount

$625,000

Est. remaining balance

$582,694

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Johnathon Closs

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: 12/23/2024 at 6:05 AM

Listing updated: 11/26/2024 at 12:34 PM

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 #956865

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