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$435,000

Beds
1
Baths
1.0
sq ft
795

5002 S Sandestin Blvd Unit 6229, Miramar Beach, FL 32550

5002 S Sandestin Blvd Unit 6229

Miramar Beach, FL 32550

  • 426 days on market
    • Price drop $9,000↓
Your chance to own a beach property and let your vacation pay for itself is finally here! Step into this coastal modern retreat that's a perfect beachside getaway. This gem is light, bright, and adorned with premium finishes, in the coveted Luau II building, making it a winner as a vacation rental. 2023 Revenue was 33K! Picture yourself on the oversized balcony, sipping morning coffee or enjoying an afternoon happy hour. Owners and guests alike can indulge in a luxurious lagoon-style pool, top-of-the-line fitness center, and a private rooftop deck offering breathtaking views of fireworks, sizzling sunsets, and an amazing panoramic view. Never wait for the elevator with a convenient 2nd flr location. Just a short stroll to the beach and priced to sell! SEE 3D VIRTUAL WALK-THRU

Details

Property type

Condominium

Est. home value

$409,559

Lot size

Unknown

Price per sq ft

$548

Year built

2006

Monthly HOA fee

$489.16

Price History

06/30/2024
EmeraldCoast

EmeraldCoast #928285

Price change
$435,000
-2.03%
05/28/2024
EmeraldCoast

EmeraldCoast #928285

Price change
$444,000
-3.06%
07/22/2023
EmeraldCoast

EmeraldCoast #928285

Listed
$458,000
+23.12%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Gated, Pool, Tennis Court(s)

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

$146,739
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$253,461
Cash to seller
$146,739

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

February 2022

Original loan amount

$297,600

Est. remaining balance

$253,461

Interest rate

2.33%

Loan type

New Conventional, 15 year

Seller

Lynn Hammons

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: 09/20/2024 at 11:45 AM

Listing updated: 06/30/2024 at 1:24 PM

Listed by: Anne D Suchevits, Anne D Suchevits, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #928285

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