Ocean Reef Real Estate Sales is pleased to report that one of our latest listings went under contract in less than a week - within six days to be exact! This is fast, but it's no surprise for several reasons.
First of all, this furnished one-bedroom gulf-front condominium was completely remodeled and is a perfect place to get away for a romantic rendezvous, but also has a twin hall bunk and a sleeper sofa available for a family vacation. The Crystal Sands locale embraces a casual, laid back atmosphere but is also surprisingly near the heart of most everything the Emerald Coast has to offer. This highly sought after location is equidistant to both central Destin and Miramar Beach. It is close to popular beachside restaurants on Scenic Gulf Drive, area grocery stores, liquor wine outlets, and specialty stores at Destin Commons. Abundant amusements are only about 20-minutes away at HarborWalk Village in Destin and family fun at Sandestin's Baytowne Wharf in Miramar Beach. Both places offer lovely boutiques, excellent restaurants, lively bars, free musical concerts, and fun seasonal festivals with fireworks. Besides the wonderful location, Crystal Sands has its own private beach as well as two sparkling community swimming pools, one of which is seasonally heated.
Secondly, this vacation rental property is on a rental program with our sister division known as Ocean Reef Vacation Rentals. This esteemed highly respected vacation property management company has been providing award-winning accommodations along the Emerald Coast for over 37 years. Their website is user-friendly, and the rental division has a large database comprised of a vast array of existing rental patrons, prospective guests, those interested in real estate, and many others who are learning about the Emerald Coast for the first time. Many Ocean Reef Vacation Rental clients are rental property owners who enjoy using condos or homes for a few family vacations and rent them out the other times for lucrative income.
Crystal Sands 110B received $41,790 in gross income for 2018, which made it attractive as a potential investment rental property.
The list price for this one-bedroom beachfront unit with 806 square feet was $439,500, which comes in at $545.28 per square foot at a full list price. There is only one other condominium listed for sale at Crystal Sands priced at $536,000 which has two bedrooms with 1,072 square feet and comes in at $500 per square foot.
Currently, there are only nine other gulf front condominiums with one bedroom available for sale in Destin, and they range in price from $170,000 for a 654 square foot unit up to $410,000 for an 873 square foot unit. The average list price for a gulf front one-bedroom property in Destin is $289,600, with an average size of 741 square feet. The average list price for all nine available gulf front one-bedroom properties in Destin comes in at $390.45 per square foot.
Contact our knowledgeable, friendly Ocean Reef Sales Agents today at 877-392-6085 for detailed information, a complimentary Comparative Market Analysis of sold and listed properties, as well as informative professional gross rental estimates from current data. We can provide you with everything you need to know before you buy, sell, or rent!