Ocean Reef Real Estate is proud to present this new home for sale for an outstanding family compound with a total of 3,640 square feet that is located just steps away from the sugary shore at 125 Los Angeles Street in Miramar Beach.
Columned verandas span across the front and back of this gracious three-story home on the two upper levels providing a charming Old Florida styled look with seven bedrooms and seven and a half baths with separate spaces for individual family members. Five of the bedrooms are located in the main residence, while two more are in downstairs Guest Quarters with its living area, kitchen, and a private entrance.
This home's excellent location is only one block away from the gated beach access in the highly sought after, prestigious gulf side residential enclave of Frangista Beach. You have indeed seen this community when traveling along Scenic Gulf Drive since it is lined on both sides by towering palm trees and the golden Americana styled design of the homes is quite enchanting. When Frangista Beach was first developed back in the early 2000's it was so stunning it was featured in Coastal Living Magazine and shown on HGTV.
Frangista Beach also features a lovely exclusively gated and seasonally heated community pool in a lush tropically landscaped oasis of sorts that is only fifty yards away. Besides providing the perfect place for family beach vacations, this home, known as "Gulf Star," has been on a highly lucrative rental program with our Ocean Reef Resorts property management division and comes beautifully furnished, ready for immediate use. The projected gross annual rental income for the current year stands at $110,723. Detailed data on this rental history is available upon request.
The main residence features a spacious open kitchen, dining, and living area. A warm caramel toned leather couch, a milk chocolate-colored leather armchair, and a richly patterned chaise accent chair face an extra-wide 60" TV mounted above the honey-toned decorative credenza. A wall of windows brightens this space and has glass doors leading out to a columned veranda.
Two identical sets of rectangular glass top dining tables flank the doors with seating for six at each one.
Five more may be seated nearby on wide leather-topped saddle stools beside the sleek dark granite-topped bar facing the kitchen.
The state of the art kitchen features rich golden hardwood cabinetry and brushed stainless steel appliances.
A vibrantly attired guest bedroom and beautiful country-styled guest quarters both have queen-sized beds as well as direct access to a veranda. One of them includes an ensuite bath, while the other has access to a full hall bath.
Stairs lead up to the Master Suite and two Guest Bedrooms, all of which come with access to the top floor veranda. The spacious, bright, opulent Master Bedroom has a king-sized bed with an elegant hand-carved four-posted bed crowned with pineapples. A seating area includes a deep tan toned queen-sized sleeper sofa and a matching comfortable armchair facing an extra-wide wall-mounted flatscreen TV for night time viewing.
The private ensuite luxury bath includes double vanity sinks, a deep spa jetted tub and a separate glass-walled corner shower.
On this level, the Guest Bedroom has a colorful king-sized bed while a lovely cheerful Bunk Room that sleeps six are and each one includes a private luxury ensuite bath.
The upper-level balconies provide a gulf breeze, and all bedrooms have flatscreen TVs for evening entertainment.
The comfortable cottage styled private Guest House Quarter's span across the entire ground level with double sets of glass doors that lead out to a covered veranda entry. A plush brown couch that can double as a queen-sized sleeper sofa and two vividly striped accent chairs provided a charming seating ensemble while a wide wall-mounted flatscreen TV is provided for entertainment.
It features an open kitchen and living room with oversized light parchment toned flooring tiles throughout, accentuating a spacious look. An eat-in kitchen has a round, rich country hardwood table accented with a glass top. Four rustic cottage styled chairs surround it, and a wall of custom cabinetry with mottled granite countertops house great appliances.
Two Guest Bedrooms include full ensuite baths and are well-appointed.
One of the bedrooms has a queen-sized bed while the other is a Bunk Room with a twin-over-double bed. An exterior staircase leads upstairs from these special guest quarters to the main house.
This fantastic family compound and lucrative vacation rental property encompassing 3,640 square feet is listed for $1,199,000, which comes in at an excellent price of $329.40 per square foot. There are currently only six other homes for sale in this highly sought after neighborhood, which range from $690,000 for a 1,768 square foot home with three bedrooms up to $3,600,000 for a 4,478 square foot home on the beach with ten bedrooms. The total average price for these six homes comes in at $524.48 per square foot.
Contact our Ocean Reef Real Estate Office today at 877-392-6085 to take advantage of this incredible value since it will probably not be on the market for long. We can set up a private tour, give you complete details, and provide essential data on this home's annual gross rental income.