778 BLUE MOUNTAIN BEACH ROAD, SANTA ROSA BEACH

Property Summary

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MLS #502444

$5,800,000

5 bedroom, 5 bathroom, 3,765 sqft.
Detached Single Family

778 BLUE MOUNTAIN BEACH ROAD,
SANTA ROSA BEACH, FL 32459
Subdivision: BLUE MOUNTAIN BEACH

• Lot Size:

  0.575000 Acres

• Year Built:

  1977

• Garages:

  2

An awesome view of emerald green waters and white sugar sand of the Gulf of Mexico greet you when you enter this home. Redfish Lake is walking distance away. Blue Mountain Beach, named for the native lupine, is an established private community, but located close to the best of Northwest Florida. Scenic 30A offers Alys Beach, Rosemary Beach, Seaside, and Watercolor. Destin sets the stage along the Emerald Coast Highway with Grand Boulevard, Sandestin, and Tops'l Resort. Situated 38 feet above sea level in a tropical setting, it is the highest and southernmost point at Blue Mountain. This home is better than new;no expense was spared in the 1982 major remodel of the first floor by DAG's Charlie Clary. Only concrete walls and the slab remained before this unique home was completely remodeled inside and out in 2001 to make it suitable for caretaker, owner-living, and rental ready spaces, resulting in 3 private entries, and 3 kitchens. There is ample room to enlarge the main kitchen. Original wood-beamed ceilings and stucco interior walls highlight the all concrete block/rebar first floor with Bahama shutters. The second floor features all wood construction with cedar siding and motorized hurricane shutters. The decor and furnishings are contemporary beach;sold rental ready. With its lush foilage and 50 year old trees, the home appears to grow out of the treetops. There are 3 air conditioners and 3 hot water heaters to service the 3 living areas, as well as 2 laundry areas. All utilities are underground;wiring closet includes 3 active phone land lines with potential for 2-3 more;cable hookup active with minimum of 1 line per room;satellite hookup available independent of cable or instead of cable is ready for activation;digital and wireless internet access installed and working under Embarq maintenance;intercom at front screend porch available to land line. The unexposed and covered seawall is 3 tiers with armoring wall 6 feet below sea level, featuring interlocking vinyl of the highest grade and thickness with anchored tie backs;2 other walls with tie backs and wood pilings 30 feet long, 1 out of wood, and the other interlocking fiberglass, also protect the property. It is located in Flood Zone X and does not require flood insurance. You can view the Sunrise and Sunset all in one day from the home's 920 square feet of covered/screened porches and 1,760 square feet of decks. Houseplans and survey available upon request. Possibilities for this property include a pool overlooking the Gulf, space allocated for an elevator, and lots of room to add on. The location away from busy 30A, with close access to Big Redfish Lake, gives you the best of both worlds. The home is booked 40 weeks a year and netted $150k in 2007. Whether you're an investor wanting a great cash flow, or someone looking for the ultimate in beachfront living, or want to do both, this is the place to be. Seller has vested property rights and beachfront title.