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$1,145,000

Beds
4
Baths
4.0
sq ft
2,360

45 Lake St, Miramar Beach, FL 32550

45 Lake St

Miramar Beach, FL 32550

  • 12 days on market
Step inside to experience the best of coastal living. This exceptional property offers not just a stunning residence but also a fantastic opportunity for rental income. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating an inviting space perfect for entertaining or relaxing with loved ones. The living room exudes warmth and sophistication with its tasteful finishes and welcoming ambiance, setting the stage for unforgettable moments.The kitchen is a chef's dream, featuring stainless steel appliances, abundant counter space, and a central island ideal for meal prep or casual dining. Adjacent to the kitchen, the dining area is bathed in natural light, offering a tranquil setting for meals with family and friends. The master suite is a true sanctuary, offering a spacious bedroom, a luxurious en-suite bathroom, and a walk-in closet. Each additional bedroom is generously sized and includes its own en-suite bathroom, ensuring convenience and comfort for residents and guests alike. The outdoor space is a blank canvas for your imagination. The expansive backyard provides ample room to create your own personal oasis, with the potential to add a pool and transform the space into a serene retreat that complements the coastal lifestyle. Location is everything, and this home delivers unparalleled access to the best of Frangista Beach. Just minutes from premier shopping, top-rated dining, and pristine sandy beaches, you'll enjoy the vibrant coastal lifestyle that makes this area so desirable. Beyond its stunning features and prime location, this property is an outstanding investment opportunity. The Villas of Frangista are renowned for their strong rental potential, making this home an excellent choice for vacation rentals or as a luxury getaway for yourself. Don't miss the chance to own a piece of paradise in the Villas of Frangista. Whether you're looking for a year-round residence, a vacation retreat, or a profitable investment property, this home offers it all. Schedule your private tour today and discover the unmatched allure of this remarkable property.

Details

Property type

Single Family Residence

Est. home value

$1,189,226

Lot size

5,227 sq ft

Price per sq ft

$486

Year built

2018

Monthly HOA fee

$150

Price History

01/14/2025
EmeraldCoast

EmeraldCoast #966358

Listed
$1,145,000
-0.35%
12/21/2024
EmeraldCoast

EmeraldCoast #936771

Removed
$1,149,000
11/16/2023
EmeraldCoast

EmeraldCoast #936771

Listed
$1,149,000
+125.29%

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

$540,519
Asking price
$1,145,000
Closing costs (~8% of asking)
-$91,600
Est. remaining loan balance
-$512,881
Cash to seller
$540,519

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

Seller’s Loan History

Lender

Walton Funding Llc

Loan start date

August 2021

Original loan amount

$554,000

Est. remaining balance

$512,881

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Nigel L Bailey

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: 01/26/2025 at 11:25 PM

Listing updated: 01/18/2025 at 9:49 AM

Listed by: Michael Tomlin, Michael Tomlin, Michael Tomlin, Coldwell Banker Realty Phone #: (850) 650-4563

MLS: EmeraldCoast #966358

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