tomo logo

$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

  • 475 days on market
    • Price drop $9,000↓
Here's your opportunity to own a remarkable beach property that can fund itself! This chic coastal retreat in the Luau II building is ideal as a vacation rental, boasting $33K in revenue for 2023. Enjoy exquisite finishes, a spacious balcony, and a convenient 2nd-floor location. Revel in amenities like a resort-style pool, state-of-the-art fitness center, and a rooftop deck with stunning views. Just a short walk to the beach and attractively priced! Explore the 3D virtual tour! SIRS and GENERAL RESERVE Study have been COMPLETED!

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

$148,207
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$251,993
Cash to seller
$148,207

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

$251,993

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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5000 S Sandestin Blvd Unit 6204, Miramar Beach, FL 32550

Status: Active

Tomo last checked: 11/08/2024 at 9:45 AM

Listing updated: 10/27/2024 at 10:51 PM

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

MLS: EmeraldCoast #928285

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