120 Payne Street, Miramar Beach, FL 32550

$3,600,000
Property Type: Residential Bedrooms: 9 Baths: 10 Square Footage: 5,856 Lot Size (sq. ft.): 10,019 Status: Sold
Current Price: $3,725,000 List Date: 9/25/2023 Last Modified: 10/29/2024

Description

NEW FULLY FURNISHED AND TURN KEY RENTAL WITH 423K in bookings! A professionally designed turnkey rental opportunity unlike any other on the coast! Every detail has been thought of for the savvy investor to just take over. Seller will manage for 1 yr at 5%. Perched just blocks away, this home offers a front-row seat to one of nature's most breathtaking spectacles - the Gulf view. This 5800+ SQ FT luxury home is a testament to the art of coastal renting. Embrace the tranquil beauty of the Gulf and make this piece of coastal paradise your own. The backyard features a heated pool/spa, putting green, and gas grill. Step inside to find an entertainment room including games and pool table, work out room, and 8 ensuites, plus a bunk room. All furnishings and golf cart convey. Don't miss out!

Supplements: This custom-built home showcases the finest craftsmanship and attention to detail, with soaring ceilings, exquisite finishes, and an open-concept design that allows natural light to flood every corner. The gourmet kitchen is a chef's delight, boasting high-end appliances, quartz countertops, and a center island that beckons for gatherings. A private backyard oasis features a heated pool, a spa, and lush landscaping, creating a serene retreat for relaxation and entertainment for guests.

More Information MLS# 933125

Status Change Info

Sold Price/SqFt: 614.75 Status: Sold Under Contract Date: 2024-01-29 Sold Date: 2024-03-15 Sold Price: $3,600,000

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 636.1 List Date: 2023-09-25 Current Price: $3,600,000 List Price: $3,725,000

Location, Tax and Legal

Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort Elementary School: Destin Middle School: Destin High School: Destin Legal Description: LOT 1 PAYNE STREET COTTAGES PB 24-33 OR 3243-3990 OR 3296-1131

General Property Info

Sub-Type: Detached Single Family Design: Contemporary SqFt Source: Appraiser Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 7 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 5856 Bedrooms: 9 Full Baths: 9 Half Baths: 1 Total Bathrooms: 10 # Stories: 3 Year Built: 2023 Garage Spaces: 1 Acreage: 0.23

Listing Info, Tax & Legal

Who Paid Doc Stamps: Seller Who Paid Title: Buyer Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 2423.72 Last Tax Year: 2022 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: NEW FULLY FURNISHED AND TURN KEY RENTAL WITH 423K in bookings! A professionally designed turnkey rental opportunity unlike any other on the coast! Every detail has been thought of for the savvy investor to just take over. Seller will manage for 1 yr at 5%. Perched just blocks away, this home offers a front-row seat to one of nature's most breathtaking spectacles - the Gulf view. This 5800+ SQ FT luxury home is a testament to the art of coastal renting. Embrace the tranquil beauty of the Gulf and make this piece of coastal paradise your own. The backyard features a heated pool/spa, putting green, and gas grill. Step inside to find an entertainment room including games and pool table, work out room, and 8 ensuites, plus a bunk room. All furnishings and golf cart convey. Don't miss out!

Sale Type

Accept Backup Offers: 1

Construction Status

Construction Complete: 1

Parking Features

Boat: 1 Garage: 1 Oversized: 1

Waterview

Gulf: 1

Farm Info

Fenced - Perimeter: 1 Garage: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Coastal Barrier Zone: No Within 1/2 Mile to Water: 1

Project Facilities

BBQ Pit/Grill: 1 Elevators: 1 Exercise Room: 1 Game Room: 1 Pool: 1 Short Term Rental - Allowed: 1 Whirlpool: 1

Construction/Siding

Concrete: 1 Roof Metal: 1 Stucco: 1 Trim Vinyl: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Deck Open: 1 Pool - In-Ground: 1 Porch: 1 Porch Open: 1

Interior

Ceiling Raised: 1 Elevator: 1 Fireplace: 1 Furnished - All: 1 Hallway Bunk Beds: 1 Kitchen Island: 1 Owner's Closet: 1 Shelving: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1

Appliances

Auto Garage Door Opn: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Stove/Oven Gas: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Double Pane Windows: 1 Heat - Two or More: 1 Heat Cntrl Electric: 1 Water Heater - Two +: 1

Bedroom

First: 1 Second: 1 Third: 1

Kitchen

Second: 1

Living Room

Second: 1

Rooms

Bedroom: 1 Bunk Room: 1 Exercise Room: 1 Foyer: 1 Kitchen: 1 Living Room: 1 Recreation Room: 1

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 120 Street Name: Payne Street Suffix: Street State: FL Zip Code: 32550 County: Walton Project Name/Subdivision: Payne Street Cottages Parcel ID: 30-2S-21-42980-000-0010

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Farm Info: Fenced - Perimeter; Garage Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Parking Features: Boat; Garage; Oversized Project Facilities: BBQ Pit/Grill; Elevators; Exercise Room; Game Room; Pool; Short Term Rental - Allowed; Whirlpool Exterior: Balcony; BBQ Pit/Grill; Deck Open; Pool - In-Ground; Porch; Porch Open Interior: Ceiling Raised; Elevator; Fireplace; Furnished - All; Hallway Bunk Beds; Kitchen Island; Owner's Closet; Shelving; Washer/Dryer Hookup Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Range Hood; Refrigerator; Stove/Oven Gas; Washer Utilities: Electric; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Double Pane Windows; Heat - Two or More; Heat Cntrl Electric; Water Heater - Two + Bedroom: First; Second; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Bunk Room; Exercise Room; Foyer; Kitchen; Living Room; Recreation Room Financing: Conventional

Room Information

Foyer Level: First Dimensions: 15 x 6 Length: 15.00 Width: 6.00 Dimensions: 15 x 6 Recreation Room Level: First Dimensions: 31 x 16 Length: 31.00 Width: 16.00 Remarks: Game Room / Sitting Area Dimensions: 31 x 16 Bedroom Level: First Dimensions: 14.8 x 13.6 Length: 14.80 Width: 13.60 Dimensions: 14.8 x 13.6 Exercise Room Level: First Dimensions: 10.11 x 12.11 Length: 10.11 Width: 12.11 Dimensions: 10.11 x 12.11 Bedroom Level: First Dimensions: 12.5 x 16.5 Length: 12.50 Width: 16.50 Dimensions: 12.5 x 16.5 Kitchen Level: Second Dimensions: 23 x 16 Length: 23.00 Width: 16.00 Dimensions: 23 x 16 Living Room Level: Second Dimensions: 41 x 17 Length: 41.00 Width: 17.00 Remarks: living / dining area Dimensions: 41 x 17 Bunk Room Level: Second Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Remarks: bunk room Dimensions: 12 x 10 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 14 x 14 Length: 14.00 Width: 14.00 Dimensions: 14 x 14 Bedroom Level: Third Dimensions: 11 x 12.5 Length: 11.00 Width: 12.50 Dimensions: 11 x 12.5 Bedroom Level: Third Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14 Bedroom Level: Third Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14 Bedroom Level: Third Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14

Documents

Listing Office: Five Star Properties RE FL Inc
Last Updated: October - 29 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.