tomo logo

$410,000

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

  • 621 days on market
    • Price drop $25,000↓
Discover a unique opportunity to own a stunning beach property that practically pays for itself! This stylish coastal retreat in the Luau II building is perfect as a vacation rental, or as a 2nd home. It features exquisite finishes, a generous balcony, and a convenient 2nd-floor location. Enjoy top-notch amenities, including a resort-style pool, a modern fitness center, and a rooftop deck with breathtaking views. Just a short stroll to the beach and competitively priced! Don't miss the chance to explore the 3D virtual tour. The SIRS and GENERAL RESERVE Study have been completed!

Details

Property type

Condominium

Est. home value

$409,559

Lot size

Unknown

Price per sq ft

$516

Year built

2006

Monthly HOA fee

$489.16

Price History

02/25/2025
EmeraldCoast

EmeraldCoast #928285

Price change
$410,000
-5.75%
01/25/2025
EmeraldCoast

EmeraldCoast #928285

Listed
$435,000
01/25/2025
EmeraldCoast

EmeraldCoast #928285

Removed
$435,000

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

$132,593
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$244,607
Cash to seller
$132,593

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

$244,607

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: 04/03/2025 at 10:15 PM

Listing updated: 03/25/2025 at 2:31 PM

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

MLS: EmeraldCoast #928285

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