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$450,000

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

  • 34 days on market
    • Price drop $29,900↓
$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 swimming

Details

Property type

Condominium

Est. home value

$522,247

Lot size

Unknown

Price per sq ft

$398

Year built

1996

Monthly HOA fee

$1,267.8

Price History

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: 09/19/2024 at 1:00 PM

Listing updated: 09/09/2024 at 1:14 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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