108 Walton Magnolia Lane, Inlet Beach, FL 32461 (MLS# 861158)

Description

Spectacular Gulf-Front Compound. Fully-Renovated home boasting Strong Rental Income of $300,000 for 2020 and $292,000 on the books for 2021. As you enter through the front door there's a beautiful shiplap accented foyer and to your right you'll notice a wide open game room with a ping pong table, arcade games, and two adjoining bedrooms, one of which is a bunk-room, making this the perfect hangout space for the kids. Moving along to the 2nd level offers breathtaking views of the gulf that begin to shine bright as you ascend to the top of the staircase. This 2nd level holds light-filled living spaces with beautiful coastal decor, a wide open kitchen with stainless steel appliances, a dining room with stunning gulf vistas, and a large guest bedroom with ensuite bath.

Supplements: Also on this level is a wonderful and spacious balcony overlooking a private gulf-front pool and offering abundant space for entertaining and gathering. Continuing on to the 3rd level you'll find 3 additional bedrooms, including 2 master suites and another bunk room. And of course there's a gulf-facing balcony on this level where the views are absolutely spectacular. This property has a gulf-front pool with plenty of spots for lounging in the sun, a private boardwalk to the beach, PLUS 54 feet of private beachfront belonging exclusively to this residence. Location is top-notch with quick access to wildly popular 30A favorites like Rosemary and Alys Beach, shopping and restaurants at 30Avenue, and less than 30mins from Panama City Beach's international airport. This home would make a tremendous investment property or 2nd home. Call today for your private tour.

Status Change Info

Sold Price/SqFt: 1763.35 Status: Sold Under Contract Date: 2021-03-13 Sold Date: 2021-05-06 Sold Price: $5,350,000

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 1811.14 List Date: 2020-12-18 Current Price: $5,350,000 List Price: $5,495,000

Location, Tax and Legal

Sub Area: 1806 - S of of 30A/East Elementary School: Bay Middle School: Emerald Coast High School: South Walton Legal Description: THE W 54.12FT OF E 108.24FT OF LOT 250 S/D OF SEC 36-3S-18W OR 1515-225 OR 2480-869 OR 2597-1837 OR 2736-2129 OR 2840-981 OR 3087-1023

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: Agent-Measured Immediate Occupancy: Yes Garage: No Carport: No Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 3034 Bedrooms: 6 Full Baths: 5 Total Bathrooms: 5 # Stories: 3 Year Built: 1997 Acreage: 0.26

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 20488.96 Last Tax Year: 2019 Brokerage Interest: Equitable Interest - Listing Broker/Salesperson has equitable interest in the property. As Is: No

Remarks & Misc

Remarks: Spectacular Gulf-Front Compound. Fully-Renovated home boasting Strong Rental Income of $300,000 for 2020 and $292,000 on the books for 2021. As you enter through the front door there's a beautiful shiplap accented foyer and to your right you'll notice a wide open game room with a ping pong table, arcade games, and two adjoining bedrooms, one of which is a bunk-room, making this the perfect hangout space for the kids. Moving along to the 2nd level offers breathtaking views of the gulf that begin to shine bright as you ascend to the top of the staircase. This 2nd level holds light-filled living spaces with beautiful coastal decor, a wide open kitchen with stainless steel appliances, a dining room with stunning gulf vistas, and a large guest bedroom with ensuite bath.

Waterfront

Gulf: 1 Waterfront Feet: 54

Construction Status

Construction Complete: 1

Waterview

Gulf: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Dead End: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Roof Metal: 1 Stucco: 1

Utilities

Electric: 1 Public Water: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 Fenced Back Yard: 1 Patio Covered: 1 Pool - In-Ground: 1

Interior

Breakfast Bar: 1 Furnished - All: 1 Owner's Closet: 1 Window Treatment All: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Refrigerator W/IceMk: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Separate Shwr: 1 MBath Tile: 1 MBed Waterfront: 1

Master Bedroom

Third: 1

Bedroom

Second: 1 Third: 1

Kitchen

Second: 1

Living Room

Second: 1

Rooms

Bedroom: 1 Dining Area: 1 Garage: 1 Kitchen: 1 Living Room: 1 Loft: 1 Master Bedroom: 1 Storage: 1

Location Tax and Legal

Area: 18 - 30A East Street #: 108 Street Name: Walton Magnolia Street Suffix: Lane State: FL Zip Code: 32461 County: Walton Project Name/Subdivision: NO RECORDED SUBDIVISION Parcel ID: 36-3S-18-16100-000-2502

Property Features

Construction Status: Construction Complete Lot Features: Dead End; Within 1/2 Mile to Water Zoning: Resid Single Family Waterfront: Gulf Waterview: Gulf Exterior: Balcony; Fenced Back Yard; Patio Covered; Pool - In-Ground Interior: Breakfast Bar; Furnished - All; Owner's Closet; Window Treatment All Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator W/IceMk; Stove/Oven Electric; Washer Utilities: Electric; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: Third Bedroom: Second; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Dining Area; Garage; Kitchen; Living Room; Loft; Master Bedroom; Storage

Room Information

Living Room Level: Second Dimensions: 30 x 13.5 Length: 30.00 Width: 13.50 Dimensions: 30 x 13.5 Master Bedroom Level: Third Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Bedroom Level: Second Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Bedroom Level: Third Dimensions: 12.5 x 11 Length: 12.50 Width: 11.00 Dimensions: 12.5 x 11 Bedroom Level: Third Dimensions: 15.9 x 10.9 Length: 15.90 Width: 10.90 Dimensions: 15.9 x 10.9 Storage Level: First Dimensions: 18.4 x 10.3 Length: 18.40 Width: 10.30 Dimensions: 18.4 x 10.3 Dining Area Level: Second Dimensions: 13 x 11 Length: 13.00 Width: 11.00 Dimensions: 13 x 11 Kitchen Level: Second Dimensions: 12 x 10.9 Length: 12.00 Width: 10.90 Dimensions: 12 x 10.9 Loft Level: Fourth Dimensions: 12.8 x 9.4 Length: 12.80 Width: 9.40 Dimensions: 12.8 x 9.4 Garage Level: First Dimensions: 19 x 16.3 Length: 19.00 Width: 16.30 Dimensions: 19 x 16.3