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$399,000

Beds
2
Baths
2.0
sq ft
1,132

775 Gulf Shore Dr Unit 9103, Destin, FL 32541

775 Gulf Shore Dr Unit 9103

Destin, FL 32541

  • 128 days on market
    • Price drop $51,000↓
$40,000 Rental Potential! This exceptional 2-bedroom, 2-bath condominium in the highly sought-after Sandpiper Cove isn't just a beachside retreat--it's a high-performing investment, w/ rental projections reaching an impressive $40,000 last year. This 1,132 sq. ft. unit combines luxury living with substantial income potential. Located in the heart of Destin, within the ''Beach-Walk'' area of Sandpiper Cove, this property offers the best of both worlds: tranquil beachfront living and vibrant community amenities. Imagine waking up just steps away from the private, sugar-white sandy beaches, where you can soak up the sun or take a refreshing dip in the emerald waters. The 43-acre, amenity-rich community features everything you could wish for in a vacation destination- including 5 swimmin pools (2 heated), 6 tennis and pickleball courts, and a 9-hole par-3 golf course that winds through the property. For the boating enthusiast, Sandpiper Cove offers canal boat docking, making it easy to explore Destin's famous waterways. This charming condo is thoughtfully designed with a spacious, open floor plan that effortlessly blends comfort and style. The private backyard covered patio is the perfect spot to unwind with a glass of wine as you take in breathtaking sunset. The interior is tastefully decorated creating a relaxed, tropical atmosphere that invites you to unwind. Dining options within the community, from the fine dining experience at Louisiana Lagniappe to the casual, toes-in-the-sand vibe of Rick's Sand Trap Tiki Bar. Both are just a short stroll from your front door, adding to the convenience of this incredible location. Whether you're looking for a personal getaway, or a strong investment property with proven returns, this Sandpiper Cove gem deliverer's on all fronts! Don't miss out on this rare opportunity to own a piece of paradise in one of Destin's most desirable communities!

Details

Property type

Condominium

Est. home value

$522,247

Lot size

Unknown

Price per sq ft

$353

Year built

1996

Monthly HOA fee

$1,267.8

Price History

11/19/2024
EmeraldCoast

EmeraldCoast #957118

Price change
$399,000
-11.33%
09/09/2024
EmeraldCoast

EmeraldCoast #957118

Price change
$450,000
-6.23%
08/16/2024
EmeraldCoast

EmeraldCoast #957118

Listed
$479,900

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

First Citizens Bank & Trust Co

Loan start date

September 2020

Original loan amount

$893,000

Est. remaining balance

Not provided

Interest rate

3.01%

Loan type

SBA Participation Trust Deed

Seller

Catherine Underwood

Lender

Gulf Coast Bank & Trust Co

Loan start date

March 2015

Original loan amount

$160,300

Est. remaining balance

Not provided

Interest rate

4%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Catherine Underwood and Bernard S Stodola

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 9:50 PM

Listing updated: 11/19/2024 at 6:09 PM

Listed by: Meagan S Elder, Meagan N Spears, Meagan N Spears, Keller Williams Realty FWB Phone #: (850) 226-6323

MLS: EmeraldCoast #957118

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