An Ocean Reef Real Estate listing for a two bedroom beachfront townhome on 30A just went under contract in less than 24 hours! This ground floor 1,200 square foot vacation residence has a patio off the open living area with sweeping views of the gorgeous gulf that extend far into the shimmering southern horizon.
It has an excellent location near Watersound Beach in a small residential enclave called Boothbay not far from the popular Hub hangout that features restaurants, bars, specialty shops, and seasonal entertainment. Location is always of paramount importance in determining value, but this residence had a lot more going on. It was completely renovated within the past year with stylish accents, a new kitchen and remodeled bathrooms.
These improvements included Core-Tec flooring throughout which is a hardy tile with the rich look of hardwood and came with a lifetime waterproof warranty. These attractive floors have recently become a highly sought after feature due to their durability.
The kitchen was remodeled to include new custom cabinetry, granite countertops and brushed stainless steel appliances. This residence includes two full en-suite baths along with a powder room, which were refurbished with new cabinetry and granite topped vanities. Another sought-after advantage boasted by this property is that the association dues for this small residential townhome complex are only $1,700 per year.
This townhome was listed for $699,900 with a pending contract, and the sale price will be disclosed at closing. Within the past twelve months, almost 1,100 residential properties have sold at the eastern end of Scenic 30A which includes Watercolor, Seaside, Seagrove Beach, Watersound, Alys Beach, Seacrest Beach, Rosemary Beach, and Inlet Beach. These sales ranged from $128,000 for a 504 square foot furnished studio near Watersound up to $10,750,000 for a 6,462 square foot gulf front home in Seagrove Beach. The average sale price was $1,342,649 for 2,259 square feet coming in at $594.36 per square feet. Residential properties are currently priced at an average of $1,723,101 for 2,647 square feet, coming in at $650.96 per square feet. This 1,200 square foot townhome was listed at $699,900 at $583.25 per square foot, helping it sell so quickly.
Many people who buy vacation homes or condos in Souhth Walton purchase them as an occasional family vacation spot but also rent them out for lucrative investment income the rest of the time, especially during the busy spring and summer season. This townhome was on a rental program and grossed close to $50,000 in its most recent years. Our Ocean Reef Real Estate office has a large highly reputable and very well established vacation rental property management division. Our friendly professional Realtors can help you find your dream vacation home or luxury condo in Destin, Miramar Beach, along Scenic 30A and over in Panama City Beach. We can also provide you with important rental income estimates for any property you may be interested in purchasing due to our36 year experience and a wealth of information as we manage hundreds of properties. Of course, we’re also great in sales! Contact us today at 877-392-6085 and let’s get started!