Affordable Investment Condo in Miramar Beach

Posted by Destin Real Estate Sales on Thursday, November 21st, 2013 at 8:38am.

Ocean Reef Real Estate is pleased to offer an affordable condo for sale in Miramar Beach. It is located at Emerald Waters, an exclusive mid-rise modern enclave that contains a total of thirty-six condominium units positioned on the corner of Scenic Gulf Drive and Holiday Road, right across the street from the emerald waters of the gulf, hence the name. These units were constructed in 2002 with open floor plans that include the living and dining area as well as a kitchen with granite counter topped Breakfast Bars. The open area is accessible to a private balcony on the top floors of this four story structure. However units on the first floor have convenient patios instead since many of them are pool side. The entire building looks out upon the common area that is lushly landscaped with palm trees, some magnolias and other tropical plantings. It is centered by the lagoon shaped swimming pool surrounded by a stone paved sun deck. A bubbling Hot Tub for relaxation and a gracious gazebo nearby lends an air of laid back charm. Most of the residences in this building are used by families on vacation as a “second home” and many are also rented out to others for income during the summer season.

Ocean Reef Real Estate has the least expensive, income producing condominium currently for sale at Emerald Waters and it is priced at $245,000. Emerald Waters #105 has two bedrooms and two full baths with a gross of over $23,000 in rental income for 2012.  This popular first floor unit sits poolside with a sunny patio complete with comfortable outdoor wicker furniture where you may enjoy your favorite adult beverage while watching the kids play in the water. The interiors are fashionably furnished in bright cheerful colors with tropical decor, silk plants and a creamy white tiled floor that really lights up the nine foot ceilings. The price includes all furnishings and other accoutrements throughout the unit making it turnkey and ready for use as soon as you close on it. Views of the beautifully landscaped swimming pool and your own private patio are immediately evident as soon as you walk into this spacious property. A dining table with six decorative metal chairs is near an open Breakfast Bar that can accommodate three more on cloth button top stools that face the ample kitchen. The Master Suite has a large comfortable king sized bed and a private bath. The Guest Bedroom has two darling twin beds and access to the full hall bath that doubles as a convenient Powder Room. Ownership here comes with deeded beach access directly across the street which has a gated entry. Units currently range in price from $245,000 for this unit all the way up to $364,900 for a three bedroom, three bath unit.

Emerald Water's fantastic location is halfway between the popular beachfront restaurant called Pompano Joe's and The Whale's Tail which are also within short walking distance down the beach. World class discount shopping is also close by at Silver Sands, the nation's largest designer outlet as well as upscale shops on Grand Boulevard which also features fine restaurants and a new state of the arts movie theater with stadium seating. Family fun may also can be had nearby at the New Orleans styled Village of Baytowne Wharf in Sandestin which has an abundance of bars, specialty boutiques, restaurants and live musical entertainment.

Contact our Ocean Reef Real Estate office today to tour this value priced, fine property and others for possible comparison at Emerald Waters and throughout Destin and South Walton.

1 Response to "Affordable Investment Condo in Miramar Beach"

Paul wrote: What are the HOA fees for this unit, emeralds waters #105. Posted on Thursday, November 21st, 2013 at 9:32am.

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Sign up for email updates