tomo logo

$745,000

Beds
4
Baths
5.5
sq ft
3,417

42 Palmetto St, Santa Rosa Beach, FL 32459

42 Palmetto St

Santa Rosa Beach, FL 32459

  • 32 days on market
Investment Opportunity Meets Primary Living!Looking for a primary residence with an investment opportunity to help pay the mortgage? This property is perfect for you! Located in the desirable Turquoise Beach neighborhood of Santa Rosa Beach, just off Mack Bayou Drive, this three-story Florida Cottage offers a unique blend of living space and rental potential.The first floor features a lockout unit complete with a large bedroom, bathroom, living area, and kitchenette, including a sink, refrigerator, and cabinetry. Ideal for use as a long-term or short-term rental to offset your mortgage, or as a convenient mother-in-law suite for guests. Plus, Turquoise Beach has no HOA fees!The second floor hosts the main living area with an open-concept floor plan. You'll find a spacious living room, kitchen, and dining area, along with a large balcony perfect for entertaining. There is also a roomy guest bedroom with an ensuite bathroom and a private balcony, plus a convenient half bath located off the kitchen for guests. On the third floor, the master suite offers a spacious bedroom with two walk-in closets, a large balcony, and an ensuite bathroom featuring dual vanities, a separate water closet, a soaking tub, and a walk-in shower. Across from the master suite is the final guest bedroom, which includes an ensuite bathroom and private balcony. The property also boasts a large yard with ample parking and no HOA fees. The seller has installed solar panels to reduce electricity costs and will pay off the loan upon the sale of the home. Additionally, a pre-inspection has been completed, with all issues addressed and repaired. The lockout unit has new LVP flooring installed in the bedroom and has been freshly painted. This home is full of potential, competitively priced, and just minutes away from Walton County schools, 30A, Sacred Heart Hospital, and Grand Boulevard, which offers dining, shopping, and entertainment options.

Details

Property type

Single Family Residence

Est. home value

$776,993

Lot size

0.26 acres

Price per sq ft

$219

Year built

2007

Price History

10/21/2024
EmeraldCoast

EmeraldCoast #961485

Listed
$745,000
+115.94%
04/05/2016
EmeraldCoast

EmeraldCoast #726879

Sold
$345,000

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

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

$522,419
Asking price
$745,000
Closing costs (~8% of asking)
-$59,600
Est. remaining loan balance
-$162,981
Cash to seller
$522,419

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

Seller’s Loan History

Lender

Primelending

Loan start date

April 2016

Original loan amount

$200,000

Est. remaining balance

$162,981

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Dewitt Neal and Carlouise H Manzuk

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

EmeraldCoast
$749,900
4 bd
|
3 ba
|
3,000 sq ft
|
House

355 E Shipwreck Rd, Santa Rosa Beach, FL 32459

EmeraldCoast
$749,000
4 bd
|
3.5 ba
|
1,906 sq ft
|
House

82 Monks Ln, Santa Rosa Beach, FL 32459

Price drop
EmeraldCoast
$714,900
4 bd
|
2 ba
|
2,020 sq ft
|
House

133 Stonegate Dr, Santa Rosa Beach, FL 32459

Status: Active

Tomo last checked: 11/22/2024 at 9:05 PM

Listing updated: 11/14/2024 at 12:17 PM

Listed by: Heather T Curry, Heather T Curry, Heather T Curry, Heather T Curry, Real Broker LLC Phone #: (855) 450-0442

MLS: EmeraldCoast #961485

EmeraldCoast logo

Recently listed in Santa Rosa Beach