tomo logo

$425,000

Beds
2
Baths
2.0
sq ft
1,100

775 Gulf Shore Dr Unit 4239, Destin, FL 32541

775 Gulf Shore Dr Unit 4239

Destin, FL 32541

  • 130 days on market
    • Price drop $19,000↓
Investment opportunity with huge rental income! This 2/2 unit has been tastefully decorated and well maintained throughout ownership. All appliances are less than two years old with hot water heater purchased in 2023. Brand new microwave, New fans, light fixtures, paint, toilet in Master BR. New flooring was installed in 2018. The condo is over 1000 square ft and with 9' ceilings the space is plenty for a family to enjoy. Gross Rental in 2022 was over $53000, 2023 was over $44000 and Already with over $32000 as of August 9th. With most of September and October are already full 2024 should be over $40000. This is turn key ready for you to enjoy or take advantage of a rental investment that will cash flow from the start. Sandpiper Cove is one of Destin's most sought-after communities, offering guests access to an array of amenities; including a marina, 5 pools, 3 hot tubs, 6 tennis courts, a Par 3- 9 hole golf course and 2 onsite restaurants. Sandpiper Cove is a gated community with private access to 1100 beachfront complex with direct access to wide, white, sandy beaches. This 43 acre resort is in the heart of Destin

Details

Property type

Condominium

Est. home value

$411,618

Lot size

Unknown

Price per sq ft

$387

Year built

1999

Monthly HOA fee

$987.29

Price History

12/16/2024
EmeraldCoast

EmeraldCoast #957312

Price change
$425,000
-4.28%
12/16/2024
EmeraldCoast

EmeraldCoast #957312

Listed
$444,000
12/13/2024
EmeraldCoast

EmeraldCoast #957312

Pending
$444,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

Community features: 

Gated, Pool, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Community Bank

Loan start date

August 2017

Original loan amount

$170,625

Est. remaining balance

Not provided

Interest rate

4.03%

Loan type

Commercial, 30 year

Seller

Michael L Moorhouse and Peggy L Moorhouse

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 4:30 PM

Listing updated: 12/16/2024 at 3:09 PM

Listed by: John J Lavin, John J Lavin, John J Lavin, The Beach Group Properties LLC Phone #: (850) 231-9007

MLS: EmeraldCoast #957312

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