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$1,995,000

Beds
4
Baths
3.5
sq ft
2,220

431 Eastern Lake Rd, Santa Rosa Beach, FL 32459

431 Eastern Lake Rd

Santa Rosa Beach, FL 32459

  • 5 days on market
Prominently positioned to showcase stunning views of Eastern Lake and the turquoise-hued waters, the newly remodeled home at 431 Eastern Lake Road is a timeless masterpiece of elegance and coastal luxury with a modern flair. Originally constructed by Charles Christian and recently renovated by the Development Team at MLS, this expertly curated floor plan features modern accommodations, ample outdoor living space, and high-end finishes throughout, all while preserving the home's original character and charm. Upon arrival, the soothing sound of cascading water from the custom water feature, paired with waves crashing on the shore in the distance, provides an immediate sense of tranquility. Just inside, the welcoming foyer leads to a meticulously designed floor plan ideal for entertaining. The first-floor primary suite, bathed in natural light, includes a seating area and a covered porch. Its beautiful spa-like bath features a double vanity, custom millwork, and a stunning walk-in wet room. Completing the first level are an additional guest bedroom with a private ensuite, a bunk room designed to accommodate six with a powder room, and a laundry area. The heart of the home unfolds on the second floor, where a sophisticated living space is thoughtfully designed for relaxation and entertainment. Natural light, soaring vaulted ceilings, and warm wood tones infuse the area with coastal ambiance. The covered outdoor living area on this level, complete with new decking, is perfect for gatherings or quiet evenings outdoors. The newly refreshed culinary kitchen features custom cabinetry, gorgeous quartz countertops and backsplash, an extended island, and a professional-grade appliance package, making it ideal for hosting. A junior suite with stunning views of the pool and a private ensuite is also located on this floor. Just upstairs, the crow's nest provides the perfect space to gather and admire the mesmerizing hues of the famed Emerald Coast sunsets while enjoying breathtaking views of the Gulf and Eastern Lake. Extending the home's seamless indoor-outdoor living, the backyard oasis is bordered by lush vegetation and a six-foot privacy wall. Relax in the newly refinished heated pool, or take just a few steps to the Eastern Lake Public Beach Access, which boasts nearly 400 feet of public beach frontage across six pristine acres. Nestled on the south side of Scenic Highway 30A, the sought-after area of Eastern Lake offers close proximity to both beach and lake access, as well as a short distance to Greenway Park and the "new town center," featuring Wild Olives, Canopy Road Breakfast Cafe, Turbo Coffee, Local Cantina, Pecan Jacks, Jonah Allen Art Gallery, local boutiques, and State Forest access. With impressive rental potential - annual revenue projections exceeding $150,000 - and its fully furnished, turnkey configuration, 431 Eastern Lake Road is a compelling opportunity for investors and second or full-time residents alike. Schedule a private viewing today and start living the coastal lifestyle you deserve.

Details

Property type

Single Family Residence

Est. home value

$1,829,143

Lot size

3,920 sq ft

Price per sq ft

$899

Year built

2003

Price History

12/16/2024
EmeraldCoast

EmeraldCoast #964795

Listed
$1,995,000
-9.28%
12/06/2024
EmeraldCoast

EmeraldCoast #960483

Removed
$2,199,000
10/04/2024
EmeraldCoast

EmeraldCoast #960483

Listed
$2,199,000
+70.6%

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

$903,171
Asking price
$1,995,000
Closing costs (~8% of asking)
-$159,600
Est. remaining loan balance
-$932,229
Cash to seller
$903,171

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

Seller’s Loan History

Lender

Wilmington Savings Fund Society Fsb

Loan start date

March 2020

Original loan amount

$1,031,200

Est. remaining balance

$932,229

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Jeffrey K Simpson and Katherine Simpson

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: 12/21/2024 at 11:55 PM

Listing updated: 12/20/2024 at 12:44 PM

Listed by: Robert A Augustine, Robert A Augustine, Corcoran Reverie SRB Phone #: (850) 231-5030

MLS: EmeraldCoast #964795

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Recently listed in Santa Rosa Beach