9661 Navarre Parkway, Navarre, FL 32566 (MLS# 954828)

Description

***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some of

Supplements: the improvements include: Brand new lift station serving the 6 cottages, full new plumbing work and fixtures, walk in showers added, new sewer line into the cottages, all new wiring including panels and meters, roofs and trusses replaced, HVAC systems, impact windows, luxury vinyl floors, quartz countertops, appliances, the list goes on and on. Last year rental income was $145k with four of the cottages renovated, now all six of the are completed and now being rented. Currently the owner does not do same day turnovers and does not rent during the winter months so more rental income could be generated. The main home could also be rented out, lived in, or provide housing for an onsite manager. Properties like this simply do not come around very often!

Status Change Info

Sold Price/SqFt: 489.48 Status: Sold Under Contract Date: 2024-10-29 Sold Date: 2024-12-12 Sold Price: $3,000,000

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 489.48 List Date: 2024-07-17 Current Price: $3,000,000 List Price: $2,999,999

Location, Tax and Legal

Sub Area: 1102 - East Navarre Elementary School: Holley-Navarre Middle School: Holley-Navarre High School: Navarre Legal Description: ENHANCED LIFE EST RESERVED IN: CRESCENT SHORES E 229.4 FT OF LOT K AS DES IN OR 3827 PG 2079 & E-L/E OR 4110 PG 1546

General Property Info

Sub-Type: Detached Single Family Design: Other SqFt Source: County PA Records Immediate Occupancy: No Garage: Yes Carport: No Driveway Spaces: 40 Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 6129 Bedrooms: 15 Full Baths: 9 Total Bathrooms: 9 # Stories: 1 Year Built: 1955 Garage Spaces: 2 Acreage: 2.1

Listing Info, Tax & Legal

Who Paid Doc Stamps: Seller Who Paid Title: Buyer Homestead: Yes Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 10871.81 Last Tax Year: 2023 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: ***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some of

Waterfront

Intracoastal Wtrwy: 1 Shore - Seawall: 1 Sound: 1 Waterfront Feet: 229

Construction Status

Construction Complete: 1

Parking Features

Garage: 1 Oversized: 1 RV: 1

Waterview

Intracoastal Waterwy: 1 Sound: 1

Lot/Parcel Access

State Highway: 1

Lot Features

Bulkhead/Seawall: 1 Flood Insurance Req: 1 Interior: 1 Level: 1 Within 1/2 Mile to Water: 1 Wooded: 1

Construction/Siding

Brick: 1 Frame: 1 Roof Composite Shngl: 1 Roof Metal: 1

Utilities

Electric: 1 Gas - Propane: 1 Lift Station: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Exterior

Patio Open: 1

Interior

Breakfast Bar: 1 Fireplace: 1 Floor Tile: 1 Floor WW Carpet: 1 Split Bedroom: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1

Appliances

Dishwasher: 1 Oven Continue Clean: 1 Range Hood: 1 Refrigerator: 1 Security System: 1 Smoke Detector: 1

Energy

AC - Central Elect: 1 AC - Central Gas: 1 Water Heater - Gas: 1

Mstr Bdrm/Mstr Bath

MBed First Floor: 1 MBed Waterfront: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Existing Leases

Month To Month: 1

Location Tax and Legal

Area: 11 - Navarre/Gulf Breeze Street #: 9661 Street Name: Navarre Street Suffix: Parkway State: FL Zip Code: 32566 County: Santa Rosa Project Name/Subdivision: CRESCENT SHORES Parcel ID: 21-2S-26-0780-00K02-0000

Property Features

Construction Status: Construction Complete Lot Features: Bulkhead/Seawall; Flood Insurance Req; Interior; Level; Within 1/2 Mile to Water; Wooded Zoning: Resid Single Family Waterfront: Intracoastal Wtrwy; Shore - Seawall; Sound Waterview: Intracoastal Waterwy; Sound Parking Features: Garage; Oversized; RV Exterior: Patio Open Interior: Breakfast Bar; Fireplace; Floor Tile; Floor WW Carpet; Split Bedroom; Washer/Dryer Hookup Appliances: Dishwasher; Oven Continue Clean; Range Hood; Refrigerator; Security System; Smoke Detector Utilities: Electric; Gas - Propane; Lift Station; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; AC - Central Gas; Water Heater - Gas Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Rooms: Bedroom; Kitchen; Living Room; Master Bedroom Financing: Conventional Existing Leases: Month To Month

Room Information

Living Room Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Kitchen Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Master Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1 Bedroom Level: First Dimensions: 1 x 1 Length: 1.00 Width: 1.00 Remarks: Dimensions: 0 Dimensions: 1 x 1