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$1,899,000

Beds
8
Baths
6.0
sq ft
4,043

7213 Flood Reef, Pensacola, FL 32507

7213 Flood Reef

Pensacola, FL 32507

  • 304 days on market
    • Price drop $1,000↓
Indulge in the unparalleled beauty of Perdido Key and Old River with this exquisite 4200 sq ft QUADPLEX boasting an unobstructed view of the water. Nestled on over 130 feet of canal waterfront, this property features two docks with deep water access, providing the perfect haven for water enthusiasts. This fully-furnished investor's dream has been beautifully maintained throughout the 4 different units. Live in one unit and rent out the other 3! The 4-car garage ensures ample space for your vehicles, bikes, toys, or watercrafts. Just a 200-yard stroll down the street leads you to the sugar-white sands and turquoise waters of Perdido Key Beach on the Gulf of Mexico. Unit 1 is a 3-bedroom, 2-bath unit boasting a full kitchen, a spacious living room, and a charming Florida room with breathtaking views of Old River. Entertain guests on the dockside patio, barbecue in style, or indulge in a bit of fishing from your private dock. Unit 2, a 1600 sq ft haven, also features a separate deep water dock. This 3-bedroom, 2-bath unit offers a full kitchen, a cozy living room, and an open upper porch for soaking in the splendid sunsets and views of the Gulf and Old River. The dockside patio beckons for outdoor gatherings and impromptu fishing adventures. For a more intimate retreat, Units 3 and 4 are two charming 750 sq ft studio "bungalow-type" apartments. Each has 1-bedroom, 1-bath suite on the ground level boasts a full kitchen, a comfortable living and dining area, and a deck with captivating views. Witness stunning sunsets from the water side patio-deck and savor the tranquility of this special property. Every one of the 4 units has a washer and dryer! A must-see, this property is perfect for those seeking a delightful vacation where each part of the family has their own private area or it could be an amazing investment opportunity. Immerse yourself in the unique charm and endless possibilities offered by this exceptional waterfront residence.

Details

Property type

Single Family Residence

Est. home value

$1,008,368

Lot size

0.3 acres

Price per sq ft

$470

Year built

1984

Monthly HOA fee

$66.67

Price History

10/11/2024
Pensacola

Pensacola #638502

Listed
$1,899,000
10/08/2024
Pensacola

Pensacola #638502

Removed
$1,899,000
10/02/2024
Pensacola

Pensacola #638502

Price change
$1,899,000
-0.05%

Schools & Community

Elementary school: 

Hellen Caro

Middle school: 

Bailey

High school: 

Escambia

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

$1,269,927
Asking price
$1,899,000
Closing costs (~8% of asking)
-$151,920
Est. remaining loan balance
-$477,153
Cash to seller
$1,269,927

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

September 2020

Original loan amount

$525,000

Est. remaining balance

$477,153

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Steven Wieczorek and Morgan Wieczorek

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: 11/09/2024 at 11:30 AM

Listing updated: 10/11/2024 at 10:36 AM

Listed by: Jenny Rushing, Berkshire Hathaway Home Services PenFed Realty Phone #: (850) 932-6278

MLS: Pensacola #638502

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