Florida Cottage

250 Marlberry Trace

Santa Rosa Beach , FL 32459

MLS#: 986377

$615,000

Status: Active

Listing number: 986377

Listing provided by: Compass

Listing agent phone: None

Last update: N/A

On site: a month ago

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Property

Beds

Full Baths

1/2 Baths

Year Built

2015

Sq.Footage

2,181

Great deal on a great property. Recent appraisal for $660k. $3500 month rental. Property has been updated. All appliances and carpet are less than 1 year old. Kitchen and bathroom updates are less than 2 years old. For a cash buyer, they can walk into this property under 90% of the value and can achieve a 6% cap rate. Great gated community in a great location! This is the first time the property has been listed with the upgrades! Updates include, but are not limited to, totally new kitchen countertops, cabinets, and appliances, a new master bathroom shower, new flooring, countertops, cabinets, and a 2-person hydrotherapy soaking tub, new carpet throughout, new paint throughout, a new water heater, and a back patio, to name some The living room has real cherry wood hardwood flooring. The master bathroom and kitchen were covered in level 4 Quartz and tile. Over 50k in upgrades used within the last 2 years! The Hidden Grove Neighborhood is one of the hidden gyms in Walton County with a gated entrance, a large community pool, and walking paths with dimmed street lights throughout. Great location within a 5-minute drive to the beach, to Butler Elementary, Grand Blvd, Sacred Heart Hospital, Walmart and SanDestin. The property currently has a renter paying $3500 a month with excellent payment history. The tenant would like to continue to rent the place and will sign another 12-month lease. If the renter is not kept, a 60-day notice will be required. For a cash buyer, this will produce over a 6% cap rate at under 90% of appraised value. Finding a deal like this along the 30A corridor is like finding a needle in a haystack. Whether you are looking for a spacious 4-bedroom home to live in or if you want a low-maintenance second home in a safe and secure location, you must put this home on your list to see! OFFERS BEING ACCEPTED. PROPERTY IS UNDER CONTRACT WITH CONTINGENCIES. CONTRACT HAS A KICK-OUT CLAUSE WITH FIRST RIGHT OF REFUSAL. *All info is accurate to the best of our knowledge, but should be verified if concerned*

Features & Amenities

Interior

Other Interior Features

Pantry
Total Bedrooms

4
Bathrooms

2
1/2 Bathrooms

1
Cooling YN

YES
Cooling

Central Air
Heating YN

YES
Heating

Electric, Central
Pet friendly

N/A

Exterior

Garage

Yes
Garage spaces

1
Construction Materials

Fiber Cement
Parking

Attached
Patio and Porch Features

Deck, Porch
Pool

Yes
Pool Features

Outdoor Pool

Area & Lot

Lot Size(acres)

0.12
Property Type

Residential
Property Sub Type

Single Family Residence
Architectural Style

Florida Cottage

Price

Sales Price

$615,000
Zoning

Resid Single Family
Sq. Footage

2, 181
Price/SqFt

$281

HOA

Association

Yes
Association Fee

$410
Association Fee Frequency

Quarterly
Association Fee Includes

N/A

School District

Elementary School

Van R Butler
Middle School

Emerald Coast
High School

South Walton

Property Features

Stories

2
Sewer

Public Sewer
Water Source

Public

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Location

County

Walton

Elementary School

Van R Butler

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Daniel D Walker , Compass

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JimmyBurgess

Call Jimmy today to schedule a private showing.

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Great deal on a great property. Recent appraisal for $660k. $3500 month rental. Property has been updated. All appliances and carpet are less than 1 year old. Kitchen and bathroom updates are less than 2 years old. For a cash buyer, they can walk into this property under 90% of the value and can achieve a 6% cap rate. Great gated community in a great location! This is the first time the property has been listed with the upgrades! Updates include, but are not limited to, totally new kitchen countertops, cabinets, and appliances, a new master bathroom shower, new flooring, countertops, cabinets, and a 2-person hydrotherapy soaking tub, new carpet throughout, new paint throughout, a new water heater, and a back patio, to name some The living room has real cherry wood hardwood flooring. The master bathroom and kitchen were covered in level 4 Quartz and tile. Over 50k in upgrades used within the last 2 years! The Hidden Grove Neighborhood is one of the hidden gyms in Walton County with a gated entrance, a large community pool, and walking paths with dimmed street lights throughout. Great location within a 5-minute drive to the beach, to Butler Elementary, Grand Blvd, Sacred Heart Hospital, Walmart and SanDestin. The property currently has a renter paying $3500 a month with excellent payment history. The tenant would like to continue to rent the place and will sign another 12-month lease. If the renter is not kept, a 60-day notice will be required. For a cash buyer, this will produce over a 6% cap rate at under 90% of appraised value. Finding a deal like this along the 30A corridor is like finding a needle in a haystack. Whether you are looking for a spacious 4-bedroom home to live in or if you want a low-maintenance second home in a safe and secure location, you must put this home on your list to see! OFFERS BEING ACCEPTED. PROPERTY IS UNDER CONTRACT WITH CONTINGENCIES. CONTRACT HAS A KICK-OUT CLAUSE WITH FIRST RIGHT OF REFUSAL. *All info is accurate to the best of our knowledge, but should be verified if concerned*

250 Marlberry Trace

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Florida Cottage

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

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Listing Courtesy of Daniel D Walker , Compass

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