3463 Scenic Hwy 98, Destin, FL 32541 (MLS# 889145)

Description

Welcome to Splash! This vacation rental is an investor's dream come true, being one of the best (if not THE best) renting properties anywhere. As of today, the 2022 bookings are already over $600K....which is the base rent only. It already has over $70K booked for 2023! In addition to the rent, a substantial amount of additional income is generated by ancillary fees and services. Boasting the largest private, resort-style pool in Destin, it has another unique asset which almost no other home in the area can offer. As it is PERMANENTLY grandfathered by the Bert Harris act, it is not subject to the restrictive occupancy & parking ordinances recently imposed by the City of Destin (please see the attached document). Most other rental homes which have achieved this status, are only

Supplements: grandfathered for 5 years....with only 2-3 years remaining. This one is forever, guaranteeing continued higher revenue in the future. Sleeping 34 people, it's ideal for large reunions, weddings, parties, retreats and such. Splash also offers a beautiful outdoor kitchen & fireplace, 3 full-size washers & dryers, numerous refrigerators & ice machines, a huge open living area with lots of room for dining, 7 balconies, a sunken bar in the pool (with 12 underwater chairs), huge garage, game room and a 4th story rooftop deck so you can enjoy sunset every day. The home is just steps to the beach, walking distance to restaurants and close to shopping, golf, dining and all activities our beautiful paradise has to offer! Because the owners have decided to voluntarily make some improvements and upgrades (for example, adding a roof to the third floor balcony, decorative tile work in the outdoor kitchen and changing some stone work around the pool), they are NOT PERMITTING SHOWINGS UNTIL COMPLETION on February 8th. You may submit an offer contingent upon a personal inspection. Proof of funds must accompany any offers and a CRSP-16 is preferred.

Status Change Info

Sold Price/SqFt: 1004.64 Status: Sold Under Contract Date: 2022-02-08 Sold Date: 2022-05-25 Sold Price: $6,495,000

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 1004.64 List Date: 2022-01-10 Current Price: $6,495,000 List Price: $6,495,000

Location, Tax and Legal

Sub Area: 1404 - Destin Beach East Elementary School: Destin Middle School: Destin High School: Fort Walton Beach Legal Description: GRAND PALMS S/D LOT 2

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 8 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 6465 Bedrooms: 8 Full Baths: 8 Half Baths: 1 Total Bathrooms: 9 # Stories: 3 Year Built: 2015 Garage Spaces: 2 Acreage: 0.31

Listing Info, Tax & Legal

Who Paid Doc Stamps: Seller Who Paid Title: Buyer Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 2472.74 Assessment Paid: Annually New Buyer Fee: Yes New Buyer Fee Amt: 150 New Buyer Fee Paid: $ Last Taxes: 33054 Last Tax Year: 2021 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: Welcome to Splash! This vacation rental is an investor's dream come true, being one of the best (if not THE best) renting properties anywhere. As of today, the 2022 bookings are already over $600K....which is the base rent only. It already has over $70K booked for 2023! In addition to the rent, a substantial amount of additional income is generated by ancillary fees and services. Boasting the largest private, resort-style pool in Destin, it has another unique asset which almost no other home in the area can offer. As it is PERMANENTLY grandfathered by the Bert Harris act, it is not subject to the restrictive occupancy & parking ordinances recently imposed by the City of Destin (please see the attached document). Most other rental homes which have achieved this status, are only

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1 Oversized: 1

Waterview

Gulf: 1

Lot/Parcel Access

Paved Road: 1

Lot Features

Within 1/2 Mile to Water: 1

Project Facilities

Beach: 1 Community Room: 1 Pool: 1 Tennis: 1

Construction/Siding

Frame: 1 Stucco: 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 Columns: 1 Deck Covered: 1 Fenced Back Yard: 1 Fenced Privacy: 1 Hot Tub: 1 Patio Open: 1 Pool - Gunite Concrt: 1 Pool - In-Ground: 1 Shower: 1 Sprinkler System: 1 Summer Kitchen: 1

Interior

Built-In Bookcases: 1 Ceiling Crwn Molding: 1 Ceiling Raised: 1 Elevator: 1 Fireplace: 1 Floor Tile: 1 Furnished - All: 1 Hallway Bunk Beds: 1 Kitchen Island: 1 Lighting Recessed: 1 Lighting Track: 1 Newly Painted: 1 Pantry: 1 Shelving: 1 Washer/Dryer Hookup: 1 Wet Bar: 1

Financing

Conventional: 1

Appliances

Auto Garage Door Opn: 1 Central Vacuum: 1 Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Fire Alarm/Sprinkler: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Stove/Oven Gas: 1 Washer: 1 Wine Refrigerator: 1

Energy

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

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBed Balcony: 1

Bedroom

First: 1 Third: 1

Kitchen

Second: 1

Living Room

Second: 1

Rooms

Bedroom: 1 Dining Room: 1 Family Room: 1 Kitchen: 1 Living Room: 1

Fees Include

Accounting: 1 Legal: 1 Licenses/Permits: 1 Management: 1 Master Association: 1 Recreational Faclty: 1

Location Tax and Legal

Area: 14 - Destin Street #: 3463 Street Name: Scenic Hwy 98 State: FL Zip Code: 32541 County: Okaloosa Project Name/Subdivision: GRAND PALMS S/D Parcel ID: 00-2S-22-0541-0000-0020

Property Features

Construction Status: Construction Complete Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Parking Features: Garage Attached; Oversized Project Facilities: Beach; Community Room; Pool; Tennis Exterior: Balcony; BBQ Pit/Grill; Columns; Deck Covered; Fenced Back Yard; Fenced Privacy; Hot Tub; Patio Open; Pool - Gunite Concrt; Pool - In-Ground; Shower; Sprinkler System; Summer Kitchen Interior: Built-In Bookcases; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace; Floor Tile; Furnished - All; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Lighting Track; Newly Painted; Pantry; Shelving; Washer/Dryer Hookup; Wet Bar Appliances: Auto Garage Door Opn; Central Vacuum; Cooktop; Dishwasher; Disposal; Dryer; Fire Alarm/Sprinkler; Freezer; Ice Machine; Microwave; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Stove/Oven Gas; Washer; Wine Refrigerator Utilities: Electric; Gas - Natural; Public Sewer; Public Water; TV Cable Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Water Heater - Elect Bedroom: First; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Dining Room; Family Room; Kitchen; Living Room Financing: Conventional Fees Include: Accounting; Legal; Licenses/Permits; Management; Master Association; Recreational Faclty

Room Information

Bedroom Level: First Dimensions: 14 x 13 Length: 14.00 Width: 13.00 Dimensions: 14 x 13 Family Room Level: First Dimensions: 18 x 15 Length: 18.00 Width: 15.00 Dimensions: 18 x 15 Dining Room Level: Second Dimensions: 20 x 18 Length: 20.00 Width: 18.00 Dimensions: 20 x 18 Living Room Level: Second Dimensions: 25 x 20 Length: 25.00 Width: 20.00 Dimensions: 25 x 20 Kitchen Level: Second Dimensions: 22 x 20 Length: 22.00 Width: 20.00 Dimensions: 22 x 20 Bedroom Level: Third Dimensions: 14 x 13 Length: 14.00 Width: 13.00 Dimensions: 14 x 13 Bedroom Level: Third Dimensions: 16 x 15 Length: 16.00 Width: 15.00 Dimensions: 16 x 15 Bedroom Level: Third Dimensions: 14 x 14 Length: 14.00 Width: 14.00 Dimensions: 14 x 14 Bedroom Level: Third Dimensions: 14 x 13 Length: 14.00 Width: 13.00 Dimensions: 14 x 13 Bedroom Level: Third Dimensions: 14 x 10 Length: 14.00 Width: 10.00 Dimensions: 14 x 10