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$2,919,229Estimated home value

Beds
5
Baths
4.0
sq ft
2,506

498 Eastern Lake Rd, Santa Rosa Beach, FL 32459

498 Eastern Lake Rd

Santa Rosa Beach, FL 32459

  • Sold On 11/20/2019
    • Price drop $18,000↓
LISTED BELOW APPRAISED VALUE. Newly renovated, 498 Eastern Lake Road is a beautiful example of light, coastal design colliding with luxurious, contemporary trends the perfect combination for the perfect beach home. With 5 beds - two of which are master suites - 4 baths, a private guests quarters, a two car garage, and wrap around decks with both Dune Lake and Gulf views surrounding, this Seagrove Beach getaway fits the bill for any wise investor looking for a sound opportunity. From the first floor to the third, each space was meticulously designed from the layout to the cohesive flow throughout to maximize Gulf views and provide ample comfort for guests.

Details

Property type

Single Family Residence

Est. home value

$2,919,229

Lot size

Unknown

Price per sq ft

$750

Year built

1996

Price History

04/01/2025
EmeraldCoast

EmeraldCoast #961972

Removed
$3,190,000
01/03/2025
EmeraldCoast

EmeraldCoast #961972

Price change
$3,190,000
+99999900%
01/03/2025
EmeraldCoast

EmeraldCoast #961972

Price change
$3.19
-100%

Schools & Community

Elementary school: 

Bay

Middle school: 

Emerald Coast

High school: 

South Walton

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

$785,340
Asking price
$1,877,000
Closing costs (~8% of asking)
-$150,160
Est. remaining loan balance
-$941,500
Cash to seller
$785,340

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

June 2021

Original loan amount

$1,205,000

Est. remaining balance

$941,500

Interest rate

2.3%

Loan type

New Conventional, 15 year

Seller

Gregory Robert Lochard and Anne E Lochard

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 12:15 PM

Listing updated: 10/18/2024 at 10:47 PM

Listed by: Beau Blankenship, Beau Blankenship, Beau Blankenship, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: EmeraldCoast #829101

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