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$5,495,000

Beds
5
Baths
4.5
sq ft
3,136

492 W Park Place Ave, Inlet Beach, FL 32461

492 W Park Place Ave

Inlet Beach, FL 32461

  • 174 days on market
This gulf-front home is all about location. It offers an excellent opportunity to rebuild or add on and create your own dream beach house. Occupying an almost quarter-acre lot, this exceptional five-bedroom property is nestled at the end of the street, boasting unrivaled privacy and seclusion. The emerald Gulf of Mexico laps the white sand just 50 feet from the driveway. With no HOA, there's ample space to dream big, expand, add a pool and carriage house, or even rebuild. The current floor plan includes two spacious open living spaces, one on each level. The second-floor living room has gleaming wood-look flooring and a wall of windows framing breathtaking beach and gulf views. Both levels have fully equipped kitchens, light and airy bedrooms, and modern bathrooms, making the home ideal for multigenerational families or larger groups to share. There are plenty of quiet nooks for reading and there's a large laundry room with lots of additional storage. The expansive upper deck provides the ultimate gathering place with panoramic gulf views from sunrise to sunset. The large backyard and shaded gazebo are designed for entertaining, barbecues and alfresco living just steps from the waves. Rosemary Beach and Alys Beach offer endless dining, boutique shopping and live entertainment nearby while Camp Helen State Park provides access to nature and watersports on nearby Lake Powell, a rare coastal dune lake.

Details

Property type

Single Family Residence

Est. home value

$5,149,151

Lot size

0.29 acres

Price per sq ft

$1,753

Year built

1981

Price History

06/02/2024
EmeraldCoast

EmeraldCoast #951282

Listed
$5,495,000
+22.11%
07/16/2021
EmeraldCoast

EmeraldCoast #872902

Sold
$4,500,000

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

High school: 

South Walton

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fnbt Bank

Loan start date

July 2021

Original loan amount

$2,700,000

Est. remaining balance

Not provided

Interest rate

2.99%

Loan type

Commercial, 30 year

Seller

Patrick J Ranzieri and Stacey H Ranzieri

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 9:00 AM

Listing updated: 11/15/2024 at 9:34 AM

Listed by: Dahler & Co., Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #951282

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