tomo logo

$1,499,000

Beds
4
Baths
4.0
sq ft
1,981

37 Sand Shovel Ln, Inlet Beach, FL 32461

37 Sand Shovel Ln

Seacrest, FL 32461

  • 2 days on market
Nestled between Alys Beach and Rosemary Beach sits this beautiful home that is currently in service as a profitable short-term rental. In 2024 it generated revenue exceeding $160k and has received over fifty 5-star reviews! It has brand new HVAC systems, hot water heaters, and washing machine. (No worrying about major systems failing during guest stays!) This is the ideal purchase for someone looking to operate a profitable rental property (with potential to capitalize on the STR loophole), or someone who would like to have a second home that pays for itself. The house is already equipped with an electronic lock for remote management, a nest camera doorbell, a locked owner's closet, brand new smart TVs in all bedrooms, fully stocked linens and towels, a fully stocked kitchen, etc. The house comes fully furnished and it is completely turn-key. The current owner is also willing to provide existing professional photos (shown here) to the new owner to help you get your rental listing up and running immediately after closing. There are already established relationships with a reliable cleaning team, handyman, etc. The current owner is happy to make introductions to all current team members to offer a seamless transition to the new owners. The current owners are also willing to offer management tips to new owners during the contract period if desired. This house is on a beautiful and private corner lot, has four beautiful covered porches (two are screened-in), and backs up to green space and walking trails (setting it apart from most homes in the area). It has soaring ceilings and tons of natural light making it a truly beautiful and serene setting. It also offers deeded beach access, a 12,000-foot lagoon pool, 1.3 miles of walking / bike trails, tram service, and 24 hour security. This unique property is within walking distance to everything the area has to offer! HOA fee includes internet and cable.

Details

Property type

Single Family Residence

Est. home value

$1,466,975

Lot size

3,485 sq ft

Price per sq ft

$757

Year built

2003

Monthly HOA fee

$484.67

Price History

03/04/2025
EmeraldCoast

EmeraldCoast #970114

Listed
$1,499,000
+3.38%
07/11/2023
EmeraldCoast

EmeraldCoast #923837

Sold
$1,450,000
+102.8%
06/20/2019
EmeraldCoast

EmeraldCoast #821847

Sold
$715,000

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

$97,458
Asking price
$1,499,000
Closing costs (~8% of asking)
-$119,920
Est. remaining loan balance
-$1,281,622
Cash to seller
$97,458

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

July 2023

Original loan amount

$1,304,855

Est. remaining balance

$1,281,622

Interest rate

6.57%

Loan type

New Conventional, 30 year

Seller

Richard A Lowry and Brooke H Lowry

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?

Status: Active

Tomo last checked: 03/06/2025 at 7:50 PM

Listing updated: 03/05/2025 at 12:09 PM

Listed by: Moe Mossa, Savvy Avenue LLC Phone #: (888) 490-1268

MLS: EmeraldCoast #970114

EmeraldCoast logo