Avalon Beach Estates Investment Property
Posted by Destin Real Estate Sales on Thursday, April 4th, 2019 at 8:51am.
Are you searching for your dream beach home or looking for a lucrative vacation rental investment property?
Perhaps you desire something that offers both! This magnificent home for sale located at 60 Ballamore Road is in highly sought after Miramar Beach and is available to suit such needs and desires. It encompasses over 4,400 square feet, has six bedrooms with en suite baths, (which features 7.5 total baths) and is on a vacation rental program that recently grossed over $114,000. This is not surprising since it is located in the exclusive residential enclave of Avalon Beach Estates, which is off the beaten path, yet in the heart of everything Miramar Beach has to offer. The outstanding location off Scenic Gulf Drive is near the emerald toned waters of the jeweled gulf and provides the pleasure of having a residence in a privileged private retreat.
This lovely residential community has its own gate coded beach access and a large lagoon shaped swimming pool with a lushly landscaped paver tiled sun deck adorned by palm trees. It includes convenient bathroom facilities, dressing rooms, and showers beside the pool. There are also two neighborhood tennis courts available for play. Many of the homes here are primary residences while others are secondary homes and a few like this one are on gainful vacation rental programs.
Avalon Beach Estates has an active Homeowner’s Association that takes care of the grounds and sponsors regular social events like private pool parties. The current annual assessment dues for Avalon Beach Estates are $900 per home.
This beautifully furnished home at the end of a cul-de-sac that parallels Scenic Gulf Drive is a short stroll away from the beach, pool and tennis courts.
It is a stately Mediterranean styled villa flanked by towering palm trees that provide a regal appearance, which is accentuated by classic square columned balconies, rich salmon toned exteriors, creamy white trim, and a mission tiled roof. This home has been recently remodeled to include new furnishings, flooring, fresh paint, and additional updates. Besides its great location, the reason this has been such a popular vacation rental is that it offers three spacious living areas. The main living area is beside a full open kitchen while another living area has a kitchenette and the third features a Wet Bar.
Over 1,500 square feet of outdoor entertainment space comes with a lagoon shaped private pool, bubbling hot tub and breezy observation balconies that include plush furnishings.
This 4,406 square foot home is value listed at $1,435,000, which comes in at $326 per square foot. There are currently only four other homes for sale at Avalon Beach Estates, and they are all more expensive than this offering. They range in price from $1,479,000 for a 3,961 square foot home with six bedrooms up to $2,950,000 for a 5,675 square foot home with seven bedrooms listed at $2,950,000. They have a total average list price at $457 per square foot.
Contact our Ocean Reef Real Estate Office today for a professional sales consultation and complete details at 877-392-6085. We can provide accurate gross rental histories from our Ocean Reef Resorts property management division and further insight into this investment property.