tomo logo

$384,900

Beds
1
Baths
1.0
sq ft
629

775 Gulf Shore Dr Unit 1027, Destin, FL 32541

775 Gulf Shore Dr Unit 1027

Destin, FL 32541

  • 200 days on market
    • Price drop $5,000↓
Welcome to 775 Gulf Shore Drive, Unit 1027 in Destin, FL - a beautifully remodeled investment property, perfectly positioned canal-front at Tee 8 of the on-site golf course in the highly sought-after Sandpiper Cove community. This 1BD/1BA gem spans 629 sq ft on the first floor, boasting a coastal style that extends to an enlarged living area.Recently renovated down to the studs, this condo features new drywall, LVP flooring throughout & a kitchen that showcases new appliances with quartz countertops. New furniture, including a king-size bed with new mattress, the property offers a large shower & the convenience of a washer/dryer combo.Beyond a fun retreat, this condo presents a wise investment opportunity - plug & play, rental-ready with an estimated gross income of up to $35k!

Details

Property type

Condominium

Est. home value

$350,680

Lot size

Unknown

Price per sq ft

$612

Year built

1976

Monthly HOA fee

$663.11

Price History

09/18/2024
EmeraldCoast

EmeraldCoast #943746

Price change
$384,900
-1.28%
03/03/2024
EmeraldCoast

EmeraldCoast #943746

Listed
$389,900
+32.17%
02/18/2022
EmeraldCoast

EmeraldCoast #883617

Sold
$295,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

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

$130,919
Asking price
$384,900
Closing costs (~8% of asking)
-$30,792
Est. remaining loan balance
-$223,189
Cash to seller
$130,919

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

February 2022

Original loan amount

$236,000

Est. remaining balance

$223,189

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Jill Shmler and Stephen Shmler

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 6:40 PM

Listing updated: 09/18/2024 at 2:24 PM

Listed by: Veronica K Johnson, Veronica K Johnson, Veronica K Johnson, LPT Realty LLC Phone #: (877) 366-2213

MLS: EmeraldCoast #943746

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