When Frangista Beach first debuted back in 2000, the Master Plan Development was so stunning it was televised on HDTV and written about in Coastal Living Magazine. It is now among the most precious treasured settings along Scenic Gulf Drive in Destin’s Miramar Beach. This upscale residential community has a private beach access and a lushly landscaped oasis that features a gated community pool courtyard set amongst tropical plants. This serene secluded area includes a sheltered patio that is adorned with columned arbors and includes bathroom facilities with showers.
The premier part of this community is lined with towering palm trees that line this part of the drive paralleling the coast. These homes represent the crème de la crème of Frangista Beach. They all have a neoclassic stately design with formal columned porticos or charming covered balconies. Now two pairs of properties are offered for sale on each side of this prestigious promenade of beautiful beach homes.
1823 and 1827 Scenic Gulf Drive (also known collectively as Port Royal) sit side by side in one stately residence overlooking the glorious gulf. There are a total of eight bedrooms and eight full baths encompassed within 5,000 square feet. The stunning Delos floor plan was built by the original developer for his own family’s personal use back in 2007.
Since that time it has been recently refurbished and professionally completed new with designer furnishings, which are included in the purchase price. Remodeled baths include larger spa tubs, showers, expanded closets and ample shelving. The kitchen features gleaming state of the arts stainless steel appliances. There are built-in bars in the living areas, gorgeous crown molding, rich hardwoods and tile flooring. An expanded Splash Pool was redone on one of the beach balconies. This home is priced at $3,199,000, which is below the appraised property value. Both properties have a strong, established vacation rental history.
Across the street at 1850 and 1860 Scenic Gulf Drive are two single family homes that are both on a vacation rental program as well and have a combined annual gross of $275,000. They are located directly across from the gated beach access and are among the most popular rental properties off the beach in Frangista Beach due to their location and individual amenities. They have a combined total of 7,328 square feet with 11 bedrooms and 13 baths. The owner wishes to sell them both at the same time, ready to go furnished for rentals at $2,999,000. You could actually keep one for personal use and rent out the other for investment income if you so desired.
They each have covered balcony porches that span a combined 1,000 square feet across the second and third floor levels with a glimpse of the gulf in the distance and a splash pool out back. The first encompasses 3,460 square feet with five bedrooms with four en suite baths. The second house is larger with 3,864 square feet and six bedrooms with full baths en suite. This home was designed for larger families with more living space and a kitchen with two refrigerators, two dishwashers, two laundry rooms and two Master Bedroom Suites.
These Frangista Beach properties for sale are unique and will not be on the market for long so call our Ocean Reef Real Estate office today for a professional consultation and to receive more detailed information at (877) 392-6085.