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$656,000

Beds
2
Baths
2.0
sq ft
1,218

648 Bayou Dr Unit 648, Miramar Beach, FL 32550

648 Bayou Dr Unit 648

Miramar Beach, FL 32550

  • 3 days on market
Open House Sunday 1/5! 648 Bayou Drive is a one-story condo that offers breathtaking views of the lake, golf course, and marina, sure to surpass your expectations!Golf Cart conveysSnowbird occupying unit until end of March providing rental revenue right away for new ownerCentrally located in the Bayou Village neighborhoodFully furnished, single-level condo with scenic views of the lake, golf course, Baytowne Marina, and The Village of Baytowne WharfOpen kitchen featuring quartz countertops, shiplap walls, open shelving, stainless steel appliances, and a spacious 5-panel frosted glass pantryOversized open patio overlooking the lake, perfect for entertaining or unwindingStrong short-term rental history with projections exceeding $60k " Thoughtfully designed floor plan includes a screened porch with panoramic views of the bay, marina, lake, and weekly fireworks display " Dedicated space for the golf cart, conveniently parked right in front, with the option for nightly rentals " Split bedroom layout ideal for families and guests, featuring ample outdoor space, including a spacious back porch with plenty of storage for beach equipment Sandestin Golf and Beach Resort boasts over seven miles of pristine beaches and bayfront, four championship golf courses, 15 world-class tennis courts, pickleball courts, a 226-slip marina, a fitness center, spa, and exceptional dining from celebrity chefs. " Enjoy shopping, dining, and entertainment at the charming pedestrian village, The Village of Baytowne Wharf, and beyond " Residents within the resort's gates experience a balanced lifestyle of luxury living across 2,400 acres, from beach to bay " The entire resort is accessible by golf cart or bicycle, interconnected by miles of paths winding through lush live oaks, natural lagoons, fountains, lakes, and beautifully landscaped fairways.

Details

Property type

Condominium

Est. home value

$585,808

Lot size

Unknown

Price per sq ft

$539

Year built

1978

Monthly HOA fee

$900

Price History

01/03/2025
EmeraldCoast

EmeraldCoast #965618

Listed
$656,000
+26.64%
11/23/2021
EmeraldCoast

EmeraldCoast #882327

Sold
$518,000
+41.14%
10/29/2019
EmeraldCoast

EmeraldCoast #827993

Sold
$367,000
+0.55%

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

$330,267
Asking price
$656,000
Closing costs (~8% of asking)
-$52,480
Est. remaining loan balance
-$273,253
Cash to seller
$330,267

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

January 2021

Original loan amount

$300,000

Est. remaining balance

$273,253

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Stephen K Baldwin and Stephen K Baldwin Revocable Trust

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?

Status: Active

Tomo last checked: 01/06/2025 at 6:15 PM

Listing updated: 01/05/2025 at 4:59 PM

Listed by: Teresa A Banda, Teresa A Banda, 30A Local Real Estate Phone #: (850) 213-3048

MLS: EmeraldCoast #965618

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