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$1,250,000

Beds
3
Baths
2.5
sq ft
1,917

77 Stingray St, Destin, FL 32541

77 Stingray St

Destin, FL 32541

  • 130 days on market
    • Price drop $45,000↓
77 Stingray is an ideal vacation home or short term rental property with over $125,000 in projected annual rental income. This three-story house is a short 2-minute walk to the beach and located in a neighborhood that is perfectly situated within walking, golf cart, or biking distance of incredible shopping & dining opportunities like the Destin Commons or one of my favorite eateries in Destin- Camilles at Crystal Beach (best sushi in town!) 77 Stingray Street has an idyllic outdoor space with its 20'x10' pool and spacious back yard. The area surrounding the two-car garage could potentially be converted into a carriage house to increase the sleeping capacity of the home, and the ample private green space behind the garage allows for someone to create a unique and exciting offering like a putting green, large hot tub, or cornhole course. A buyer could also look at renovating the garage area to be a bar with pass-through windows to create an even more dynamic & idyllic backyard entertainment space. This home truly has so many wonderful possibilities for a creative buyer who's looking to build equity! The interior of the home has a host of updates including luxury vinyl plank flooring throughout, a renovated kitchen, and updated bathrooms. Each bedroom has access to one of the massive 25ft+ balconies that the property boasts. This home is also located only six rows off the Gulf of Mexico and 0.2 miles from the nearest beach access.

Details

Property type

Single Family Residence

Est. home value

$1,401,864

Lot size

7,405 sq ft

Price per sq ft

$653

Year built

1990

Price History

11/23/2024
EmeraldCoast

EmeraldCoast #957352

Price change
$1,250,000
-3.47%
11/15/2024
EmeraldCoast

EmeraldCoast #957352

Pending
$1,295,000
10/30/2024
EmeraldCoast

EmeraldCoast #957352

Price change
$1,295,000
-0.31%

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

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

$584,406
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$565,594
Cash to seller
$584,406

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

July 2018

Original loan amount

$640,000

Est. remaining balance

$565,594

Interest rate

4.56%

Loan type

New Conventional, 30 year

Seller

Nicole Dalgnault Eller

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: 12/22/2024 at 3:55 PM

Listing updated: 11/23/2024 at 6:49 PM

Listed by: Caleb A Spears, Caleb A Spears, Caleb A Spears, Caleb A Spears, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #957352

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