This opulent six-bedroom vacation home named "The Beverly" is aptly located at 95 Hollywood St in Miramar Beach. This fashionable locale is only a short stroll away from the gated neighborhood access to the sugary white shoreline of Frangista Beach. "The Beverly" is a popular vacation rental home with an annual gross income of $192,000 in 2022.
Frangista Beach is an exclusive residential community in an acclaimed master plan development that is so stunning it was featured in Coastal Living Magazine and shown on HGTV. This highly sought-after location is right off the unique palm-lined portion of Scenic Gulf Drive in Miramar Beach, just east of Holiday Road. Besides the beautiful beach, residents and guests of this exclusive neighborhood have access to a lushly landscaped tropical oasis with a gated community swimming pool and patio. However, you don't have to go that far for refreshing good times since this gracious home has its own sparkling private swimming pool. This landscaped area is studded with palm trees and other tropical plantings near a gated parking area that can accommodate eight cars. This two-story home's exteriors feature a charming Old Florida design style with a breezy second-story wraparound balcony for entertainment that overlooks the pool. The interiors have been completely renovated, comfortably furnished, and lavishly decorated to resemble privileged residences at the iconic Beverly Hills Hotel in Los Angeles.
Stairs off the first-floor guest quarters lead to the open living, dining, and kitchen area featuring an elegant vintage modern nautical look. This sunny room, highlighted by windows and a glass door leading out to the furnished balcony that overlooks the pool, provides a spacious setting. Two fashionable royal blue cloth armchairs and a flamingo-pink couch sit beneath a wall adorned with giant banana plant leaves, providing a distinctive tropical look. They face a large wall-mounted flatscreen TV for entertainment. A round shiny beaten-brass cocktail table and a whimsical golden manatee sculpture table with a glass top provide unique decorative placements for your favorite drinks.
The bright open kitchen includes state-of-the-art brushed stainless steel appliances, including a large French cabinet-style refrigerator freezer. White quartz countertops include a wide entertainment bar with five brass framed regal blue contemporary raised chairs for fun wining and dining space. A kitchen island includes matching seats for two more.
The open dining room on the other side of the kitchen features a wall of windows and another accent wall with giant banana leaf patterns centered upon an antique gild-framed mirror. A handsome dark hardwood table flanked by six spindle rail-backed chairs with navy blue vinyl seats sits beneath a rectangular glittering crystal glass light fixture. A modern crescent-shaped glass-topped side table with a horizontal decorative brass frame includes a sparkling vase with palmetto fronds beneath a large postcard photo showcasing the Beverly Hills Hotel. A half bath that serves as a powder room is completely adorned with whimsically stylish pink flamingo wallpaper.
The primary bedroom off the living area is decorated with colorful abstract art. It has a queen size bed with a plush turquoise headboard. Two handsome dark rich, hardwood bedside tables have modern white and brass tubular-based lamps.
A private ensuite bath with a walk-in shower includes double vanity sinks, white cabinetry highlighted by brass handles, and two unique wire-rimmed mirrors.
Nearby a warm cottage-styled bedroom with white furnishings is accented by a salmon-pink tufted headboard and a vintage Lincoln Continental photo above it.
The ensuite bath with a walk-in shower has a vanity that faces a mirror and a sky-blue wall with over a dozen 3D brass butterflies hovering around it.
This home was designed for entertaining with a sunny game room living area and multiple guest quarters on the first floor with easy access to the pool. It has a chic vintage coastal-styled look with a tufted dove gray couch beneath a wall with photos of the original Beverly Hills Hotel and other nostalgic Hollywood images. Two adjacent turquoise-colored scallop-backed chairs have navy blue and white striped pillows that match a decorative rug in front of the couch. Decorative accouterments include a giant framed pink flamingo, three suspended diamond-shaped wall mirrors, and a tall white vase showcasing feathery Pom Pom grass tops. A large wall-mounted flatscreen TV with a gaming connection and a foosball table provide fun entertainment. Nearby is a convenient wet bar with a white cabinet, a deep sink with a gooseneck brass faucet, and a wine cooler. Two suspended glass shelves with colorful art and martini glasses are accented by a gleaming blue-toned brick backsplash in a classic herringbone pattern.
Two bedrooms off this living area feature different individual styles. One has a charming white cottage look with a brushed brass headboard and unique palm-patterned wallpaper.
The other has a vintage-contemporary look with a tufted bed bench along with a bed attired in pink that sits below a framed photo of a flamingo against a teal blue wall.
At the end of the hallway is a sunny, colorfully coordinated bunk room with four beds, a crane sculpture lamp, tropical prints, and some beachy appointments. A wall-mounted flatscreen TV provides nighttime viewing pleasure.
Two full hallway baths serve the guest quarters and provide convenient powder rooms on this level. One features a handsome, rich hardwood vanity highlighted with eight gold metal drawer handles and a floor-to-ceiling glass-walled walk-in shower. The other bath across from this one has a tub-shower combination and a lovely green cottage-style cabinet vanity with a white surface.
Besides everything else, as you probably know, real estate value is about location with a capital "L". This outstanding locale in a fashionable residential enclave is close to the sugary shoreline and only a short stroll away from two popular restaurants. The laid-back Whale's Tail restaurant towards the east where a friendly open volleyball game is usually going on has sandwiches, savory snacks, and drinks. The vibrant, colorful Key West-styled Pompano Joe's restaurant towards the west is known for great seafood and craft cocktails. Other great gulf-front restaurants with friendly beach bars, grocery stores, and bargain shopping for world-class designer goods at the famous Silver Sands Premium Outlets are just minutes away. A championship golf course and professional tennis courts are also close by and available for public play at the Seascape Resort. An abundant array of great restaurants, bars with live musical entertainment, unique shopping adventures, outdoor concerts, fun year-round festivals, and exciting seasonal firework celebrations are also a fairly short distance away at Sandestin Golf & Beach Resort. These delightful diversions are found at the enchanting French Quarter-inspired Village of Baytowne Wharf and the swank, tropically landscaped Grand Boulevard town center of Sandestin.
This amazing six-bedroom dream vacation home and lucrative rental investment property with 2,200 square feet is listed for $1,695,000. This comes in very value-priced at $770.45 per square foot. Currently, there are only two other single-family homes for sale in this highly sought-after Frangista Beach community. They include one listed at $1,450,000 for a 1,428 square-foot residence with three bedrooms and $2,550,000 for a large five-bedroom property with 3,149 square feet. These list prices come in at an average of $873.93 per square foot.
If you are ready to take advantage of this buying opportunity, contact our Ocean Reef Real Estate Sales team today at 877-392-6085. This home will not be on the market long! We will provide you with a comparative market analysis, including the two homes listed here, pending contracts, and those which have sold within the past twelve months. Our renowned Ocean Reef Resorts property management team represents many vacation homes in Frangista Beach. We can also provide annual gross rental income data for comparable properties and set up a private tour to see this outstanding vacation home.