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$1,149,000

Beds
4
Baths
4.0
sq ft
2,360

45 Lake St, Miramar Beach, FL 32550

45 Lake St

Miramar Beach, FL 32550

  • 373 days on market
$10,000 TOWARDS RATE BUY DOWN!! OR SELLER FINANCING AVAILABLE! Welcome to the esteemed Villas of Frangista, an exclusive gated community renowned for its opulent residences. Presenting a distinguished home in this prestigious enclave, we introduce an extraordinary residence that seamlessly blends luxurious living with a lucrative rental opportunity. Boasting four expansive bedrooms and four stylish bathrooms, this residence offers abundant space for relaxation and privacy. Encompassing an impressive 2,360 square feet, this meticulously crafted home provides a comfortable and sophisticated living environment.Step into coastal living at its finest as the open-concept floor plan effortlessly connects the living, dining, and kitchen areas, creating a seamless flow perfect for entertaini The living room emanates warmth and sophistication, adorned with tasteful finishes that invite you to unwind and create lasting memories. The well-appointed kitchen is a culinary enthusiast's delight, featuring stainless steel appliances, ample counter space, and a central island that serves as a focal point for both food preparation and casual dining. Bathed in natural light, the adjacent dining area provides a serene setting for enjoying meals with loved ones. Retreat to the private sanctuary of the master suite, a haven of tranquility boasting a generously sized bedroom, a luxurious en-suite bathroom, and a walk-in closet. Additional spacious bedrooms with en-suite bathrooms ensure comfort and convenience for residents and guests alike. Beyond the walls of this exceptional home lies a world of outdoor possibilities. The expansive backyard offers ample space to create your personal oasis, with the potential to install a pool and craft an outdoor retreat that complements the coastal lifestyle - picture refreshing swims during the day and relaxing under the starlit sky in the evenings. Location is key, and this home excels in its proximity to premier shopping destinations, renowned restaurants, and pristine sandy beaches. Enjoy effortless access to the vibrant coastal lifestyle that makes Frangista Beach so highly sought after. In addition to its outstanding features and enviable location, this property presents an exceptional investment opportunity. The Villas of Frangista are renowned for their strong rental potential, making this home an ideal choice for those looking to generate income through vacation rentals or capitalize on the demand for luxury accommodations in this coveted community. Seize the opportunity to own a piece of paradise in the Villas of Frangista. Whether you seek a year-round residence, a vacation retreat, or a profitable investment property, this home offers it all. Contact us today to schedule a private tour and immerse yourself in the 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

$487

Year built

2018

Monthly HOA fee

$141.67

Price History

11/16/2023
EmeraldCoast

EmeraldCoast #936771

Listed
$1,149,000
+125.29%
03/05/2019
EmeraldCoast

EmeraldCoast #808964

Sold
$510,000

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

$542,094
Asking price
$1,149,000
Closing costs (~8% of asking)
-$91,920
Est. remaining loan balance
-$514,986
Cash to seller
$542,094

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

$514,986

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: 11/23/2024 at 7:55 AM

Listing updated: 11/14/2024 at 12:16 PM

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

MLS: EmeraldCoast #936771

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