For over thirty three years Ocean Reef Resorts has represented private vacation rental properties in Destin and all along the Emerald Coast of Northwest Florida. Many Ocean Reef guests fall in love with this area and desire to purchase property here so we offer professional Real Estate Consulting Services. This dove tails seamlessly with the rental operations side of the business since many buyers are interested in rental investment properties. In a new nationwide poll published this week on floridarealtors.org, eight out of every ten buyers in Florida factor potential income into their decision to buy property. Such income helps offset mortgage payments, property taxes, insurance cost, maintenance and HOA fees. Ocean Reef has decades of vacation rental property expertise including current rates, statistical analysis, cost of operations as well as anticipated gross and net incomes for rentals. We provide our clients with a wealth of information to help determine future budgets, gross and net income. This helps to make the right decision when purchasing a vacation home that may also be used as a rental investment property. Here are three impressive vacation rental properties currently available on the market now in Destin's Miramar Beach. Each one is documented with recent gross rental histories averaging over $77,000 per year.
Seawinds 4, located at 1577 Scenic Gulf Drive, is a four bedroom three level beachfront townhome that can sleep up to twelve guests. It is contemporary and comfortable with pleasing pastel tones decorated with nautical colors. Each level has walls of windows overlooking the jeweled waters of the glistening gulf. The first floor has a covered porch with a swing and outdoor dining tables along with an expansive beachfront sun deck. Additional balconies are above. Two couches face these views along with a floor to ceiling fireplace and flat screen TV. The dining area in this Great Room has six delicately carved creamy white chairs that sit around a dining table that adjoins the bright white ample kitchen. The second floor also has a lovely guest bedroom with two twin beds and access to a full hall bath. A gracious open staircase sweeps up to the Master Bedroom Suite which comprises the entire third floor.
Shell Shack, located at 140 Open Gulf Street is a six bedroom home with five baths that can sleep up to eighteen guests which helped it gross over $81,700 in its recent rental history. This spacious newer home of just under 2,900 square feet has a delightful Floridian flair in décor completed in with beautiful interiors of light blue, yellow, lavender and salmon color tones. Three of the comfortably furnished bedrooms have a full private bath en suite. The large family room has creamy oversized tile flooring throughout with crown moldings, a fireplace and sleeper sofas that face a flat screen TV. The open kitchen has modern stainless steel appliances, rich custom cabinetry and an angled Technistone countertop with four handsome raised bar seats. There is a Breakfast Table with four seats and a formal dining room that seats ten more. Doors lead out to the lushly landscaped patio that has a large heated swimming pool that is flanked by palms.
Wiki in the Tiki, located 156 Open Gulf Street, is has six bedrooms and five baths with an impressive gross of $87,000 in its recent rental history. All three levels of this beautiful well appointed home have a Master Bedroom Suite with a full private bath. Multiple bunk beds and other sleeping arrangements in the other three bedrooms make this an attractive rental for multiple families or friends. The main family room is spacious with parchment toned tile flooring accented by rich salmon colored walls. This gracious room has comfortable furnishings, a dining table that seats eight and an open kitchen with stainless steel appliances along with handsome chocolate colored custom cabinetry. Five bar seats facing the kitchen provide extra seating and a great place for enjoying favorite drinks and appetizers. Out back is a lovely swimming pool in a private intimate courtyard area that is reminiscent of old New Orleans. Balconies from some of the upstairs bedrooms look down upon this scenery. This hospitable home also has an extra living area with sleeper sofas and a flat screen TV for evening entertainment.
Give our one of our Ocean Reef Real Estate Agents a call at 877.392.6085 for additional details or to set up a tour of any of these vacation investment rental properties. We will be happy help provide you with whatever information you may need for your next purchase in Paradise!