$2,082,001Estimated home value

Seller could get up to $755,725

Learn how this information can help you negotiate

Beds: 8
Baths: 8.5
sq ft: 3,171

45 Penelope St, Miramar Beach, FL 32550

45 Penelope St

Miramar Beach, FL 32550

Sold On 6/21/2023

Currently under contract and taking backup offers. Why wait for construction to begin or end when you can start enjoying the benefits of a fully-furnished, modern coastal home and rental income right now? Look no further than 45 Penelope for a prime location near the beach and a successful history of generating impressive ROI. This spectacular property, completed in 2021, boasts 8 roomy bedrooms and a private heated pool, perfect for multiple families to create unforgettable memories. Situated in the highly sought-after gated community of Frangista Beach, the property offers easy access to a private beach and exudes a relaxed coastal ambiance. But what truly sets 45 Penelope apart is its exceptional rental income potential. With a solid track record of earning nearly $180,000 in rental...

Details

Property type

Single Family Residence

Est. home value

$2,082,001

Lot size

Unknown

Price per sq ft

$718

Year built

2021

Monthly HOA fee

$141.67

Price History

03/05/2025

EmeraldCoast #958715

Removed

$2,175,000

09/06/2024

EmeraldCoast #958715

Listed

$2,175,000

+3.57%

06/16/2023

EmeraldCoast #917270

Sold

$2,100,000

Schools & Community

Elementary school:

Van R Butler

Middle school:

Emerald Coast

High school:

South Walton

Community features: Gated, Pool

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

$755,725

Asking price

$2,275,000

Closing costs (~8% of asking)

-$182,000

Est. remaining loan balance

-$1,337,275

Cash to seller

$755,725

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

June 2023

Original loan amount

$1,365,000

Est. remaining balance

$1,337,275

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Truong Xuan Tran and Dathao T Nguyen

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: Off Market

Tomo last checked: 04/03/2025 at 10:15 PM

Listing updated: 10/26/2024 at 10:51 PM

Listed by: Z Caleb Midgett, Z Caleb Midgett, Z Caleb Midgett, Caleb Midgett, Caleb Midgett, Z Caleb Midgett, Caleb Midgett, Z Caleb Midgett, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #917270

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