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$2,650,000

Beds
4
Baths
4.5
sq ft
3,681

5216 Portside Ter, Miramar Beach, FL 32550

5216 Portside Ter

Miramar Beach, FL 32550

  • 246 days on market
    • Price drop $245,000↓
Welcome to Island Estates, a gated beach enclave within the prestigious Sandestin Resort. This is a rare opportunity to own a beach home in this highly sought-after community. With only 9 homes nestled around a picturesque lake on the beachside, privacy and tranquility are guaranteed.Step inside this stunning residence and be greeted by an open concept floor plan that seamlessly blends elegance and functionality. Boasting 4 bedrooms, 4.5 baths, and a golf cart garage, this home offers ample space for both relaxation and entertaining.Hardwood floors adorn every room, enhancing the overall warmth and charm. The living room boasts 12-foot ceilings with beautiful white-washed beams, creating a sense of grandeur and sophistication.

Details

Property type

Single Family Residence

Est. home value

$2,898,279

Lot size

Unknown

Price per sq ft

$720

Year built

2016

Monthly HOA fee

$571.05

Price History

04/19/2024
EmeraldCoast

EmeraldCoast #940215

Price change
$2,650,000
-8.46%
03/07/2024
EmeraldCoast

EmeraldCoast #940215

Price change
$2,895,000
-1.86%
01/17/2024
EmeraldCoast

EmeraldCoast #940215

Listed
$2,950,000
+34.09%

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

$1,521,785
Asking price
$2,650,000
Closing costs (~8% of asking)
-$212,000
Est. remaining loan balance
-$916,215
Cash to seller
$1,521,785

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

Seller’s Loan History

Lender

Whitney Bank

Loan start date

December 2018

Original loan amount

$1,280,000

Est. remaining balance

$916,215

Interest rate

4.26%

Loan type

New Conventional, 16 year

Seller

Stephen L Guidry Jr

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: 09/19/2024 at 1:05 PM

Listing updated: 05/28/2024 at 10:14 PM

Listed by: Heather M Parrish, Keller Williams Realty Destin Phone #: (850) 654-2900

MLS: EmeraldCoast #940215

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