29 Los Angeles Street, Miramar Beach, FL 32550 (MLS# 868245)

Description

CALLING ALL INVESTORS: ''Born to Sun'' is a 9 bedroom/10 bathroom Coastal Retreat with over $247,000 in rental income already on the books for 2021. This Frangista Beach home, designed by B Design, was completed in 2016 and is built on an oversized 65 ft. by 100 ft. lot, located 200 yards from the deeded beach access for the community. The owner is providing a gross rental income guarantee of $260,000 per year for the next two years through Beach Reunion management company. All king suites have private baths that are custom detailed with tile and chrome fixtures. These suites are serviced by an elevator that carries guests and luggage to the 2nd and 3rd floors. The only queen suite on the first floor has a private bath which overlooks the private heated pool.

Supplements: There is a stand alone steam bath next to the pool and summer kitchen. A six seat golf cart is included with the sale and stays with the house in the garage. This golf cart will provide extra income to the savvy investor. The Watermark pool is one of the largest in Frangista and has a ten person hot tub and a swim up table. The LED pool lights and pergola Edison lights illuminate the backyard beautifully during the evening hours. The summer kitchen features a commercial ice maker, under mount refrigerator, and freestanding gas grills. The outdoor space is completed with a quartz countertop, wet bar sink, Yeti cooler, 60 inch TV, and a floor to ceiling wave tile. "Born to Sun" has undergone recent upgrades with painting and furniture leading into the 2021 rental season. In addition, the house is part of a property exchange club that can be continued or cancelled which has provided the current owner with stays at similar properties in the Virgin Islands, Cabo San Lucas, and Park City Utah. "Born to Sun" is a rock solid proven investment property that has an established track record. This house has many repeat guests who return year after year along with 19- "5 star" reviews. Call today to arrange a showing!

Status Change Info

Sold Price/SqFt: 484.95 Status: Sold Under Contract Date: 2021-04-09 Sold Date: 2021-06-01 Sold Price: $2,400,000

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 484.95 List Date: 2021-04-01 Current Price: $2,400,000 List Price: $2,400,000

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: Fort Walton Beach Legal Description: W2 OF LOT 2 & ALL LOT 3 BLK E FRANGISTA BEACH 1ST ADD OR 592-185 OR 2690-3299

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Immediate Occupancy: No Garage: Yes Carport: No Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 4949 Bedrooms: 9 Full Baths: 10 Total Bathrooms: 10 # Stories: 3 Year Built: 2016 Garage Spaces: 1 Acreage: 0.17

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 693 Assessment Paid: Quarterly New Buyer Fee: No Last Taxes: 11662.75 Last Tax Year: 2020 Brokerage Interest: Equitable Interest - Listing Broker/Salesperson has equitable interest in the property. As Is: No

Remarks & Misc

Remarks: CALLING ALL INVESTORS: ''Born to Sun'' is a 9 bedroom/10 bathroom Coastal Retreat with over $247,000 in rental income already on the books for 2021. This Frangista Beach home, designed by B Design, was completed in 2016 and is built on an oversized 65 ft. by 100 ft. lot, located 200 yards from the deeded beach access for the community. The owner is providing a gross rental income guarantee of $260,000 per year for the next two years through Beach Reunion management company. All king suites have private baths that are custom detailed with tile and chrome fixtures. These suites are serviced by an elevator that carries guests and luggage to the 2nd and 3rd floors. The only queen suite on the first floor has a private bath which overlooks the private heated pool.

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Lot/Parcel Access

Paved Road: 1

Lot Features

Sidewalk: 1 Within 1/2 Mile to Water: 1

Project Facilities

Deed Access: 1

Construction/Siding

Frame: 1 Roof Metal: 1 Siding CmntFbrHrdBrd: 1 Slab: 1 Stucco: 1 Other N/A: 1

Utilities

Electric: 1 Gas - Natural: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Deck Open: 1 Hot Tub: 1 Patio Covered: 1 Pool - Gunite Concrt: 1 Pool - Heated: 1 Pool - In-Ground: 1 Sprinkler System: 1

Interior

Ceiling Raised: 1 Elevator: 1 Floor Tile: 1 Furnished - All: 1 Handicap Provisions: 1 Kitchen Island: 1 Lighting Recessed: 1 Owner's Closet: 1 Washer/Dryer Hookup: 1 Wet Bar: 1

Financing

Conventional: 1

Appliances

Dishwasher: 1 Dryer: 1 Ice Machine: 1 Microwave: 1 Oven Self Cleaning: 1 Range Hood: 1 Refrigerator: 1 Smoke Detector: 1 Stove/Oven Gas: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Water Heater - Elect: 1

Master Bedroom

Third: 1

Bedroom

First: 1 Second: 1 Third: 1

Kitchen

First: 1

Rooms

Balcony: 1 Bedroom: 1 Bunk Room: 1 Dining Area: 1 Garage: 1 Great Room: 1 Kitchen: 1 Master Bedroom: 1 Media Room: 1 Recreation Room: 1

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 29 Street Name: Los Angeles Street Suffix: Street State: FL Zip Code: 32550 County: Walton Project Name/Subdivision: FRANGISTA BEACH 1ST ADDN Parcel ID: 32-2S-21-42040-00E-0020

Property Features

Construction Status: Construction Complete Lot Features: Sidewalk; Within 1/2 Mile to Water Zoning: Resid Single Family Parking Features: Garage Attached Project Facilities: Deed Access Exterior: Balcony; BBQ Pit/Grill; Deck Open; Hot Tub; Patio Covered; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground; Sprinkler System Interior: Ceiling Raised; Elevator; Floor Tile; Furnished - All; Handicap Provisions; Kitchen Island; Lighting Recessed; Owner's Closet; Washer/Dryer Hookup; Wet Bar Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Oven Self Cleaning; Range Hood; Refrigerator; Smoke Detector; Stove/Oven Gas; Washer Utilities: Electric; Gas - Natural; Public Sewer; Public Water; TV Cable Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Water Heater - Elect Master Bedroom: Third Bedroom: First; Second; Third Kitchen: First Rooms: Balcony; Bedroom; Bunk Room; Dining Area; Garage; Great Room; Kitchen; Master Bedroom; Media Room; Recreation Room Financing: Conventional

Room Information

Great Room Level: First Dimensions: 17.5 x 17.33 Length: 17.50 Width: 17.33 Dimensions: 17.5 x 17.33 Kitchen Level: First Dimensions: 16.33 x 14.33 Length: 16.33 Width: 14.33 Remarks: Eat-in Kitchen Dimensions: 16.33 x 14.33 Dining Area Level: First Dimensions: 16 x 11 Length: 16.00 Width: 11.00 Dimensions: 16 x 11 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Garage Level: First Dimensions: 21 x 12 Length: 21.00 Width: 12.00 Dimensions: 21 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Remarks: Dimensions: 13' 8'' x 13'' Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 13.66 x 13 Length: 13.66 Width: 13.00 Dimensions: 13.66 x 13 Balcony Level: Second Dimensions: 19.33 x 10 Length: 19.33 Width: 10.00 Dimensions: 19.33 x 10 Recreation Room Level: Second Dimensions: 17.33 x 15 Length: 17.33 Width: 15.00 Dimensions: 17.33 x 15 Media Room Level: Third Dimensions: 17.33 x 15 Length: 17.33 Width: 15.00 Dimensions: 17.33 x 15 Master Bedroom Level: Third Remarks: Dimensions: 15' 4 '' x 23'' Master Bedroom Level: Third Dimensions: 16 x 13 Length: 16.00 Width: 13.00 Dimensions: 16 x 13 Bunk Room Level: Third Remarks: Dimensions: TBD Bedroom Level: Third Dimensions: 13.66 x 13 Length: 13.66 Width: 13.00 Dimensions: 13.66 x 13 Balcony Level: Third Dimensions: 19.33 x 10 Length: 19.33 Width: 10.00 Dimensions: 19.33 x 10