Buy Destiny Home with $370K in Rental Revenue

Posted by Destin Real Estate Sales on Thursday, July 15th, 2021 at 8:53am.

Are you fortunate enough to purchase a magnificent beach vacation home in Destiny by the Sea, which generates a large amount of annual rental revenue? If so, take a look at 4789 Ocean Blvd, an amazing Mediterranean-styled villa that is steps away from a beautiful private beach. This opulent, lavishly furnished residence encompasses 4,273 square feet, stands three stories tall, includes seven bedrooms with seven full luxury baths and a half bath powder room. Staircases and a private elevator provide easy access to the upper levels.

This high-end home places owners and their lucky guests in the lap of luxury at Destiny by the Sea, one of Destin's most premier exclusively gated residential enclaves. This privileged world of its own sits nestled between the lushly landscaped portion of Scenic Highway 98 and the glittering jewel-toned gulf. The shimmering crystalline white shoreline is just a short stroll away, along with a lovely neighborhood pool and bubbling Hot Tub tucked away in a lush tropical oasis. However, you don't even have to go that far to enjoy some pampered sparkling refreshment since this home includes its own private swimming pool.

A partially covered courtyard area with outdoor seating and a gas grill is centered upon the beautiful pool with a waterfall that cascades down into its side from a raised Plunge Pool. The main pool includes three underwater "bar stools" where you may enjoy favorite drinks beside a furnished outdoor dining area.

Glass doors lead into a first-floor Game Room with a built-in Wet Bar. This area provides convenient libations inviting you to lounge around drinking and dining poolside. The Game Room also has a wall-mounted flatscreen TV, a Billiards Table, Foosball, and a table to play cards.

There is an excellent suite for kids on this level with queen and twin bunks and access to a full bathroom. This bath includes double vanity sinks and a walk-in shower and can also be used as a poolside cabana dressing room.

The regal handsomely appointed main living area is located on the second floor. It features a stately white tray beamed ceiling that soars above rich parchment-toned travertine marble flooring below, patterned with brown inlaid tile. Two chocolate-colored couches and richly striped twin accent chairs provide a comfortable seating ensemble that faces a custom-made entertainment center with a flatscreen TV.

The bright open kitchen features top-of-the-line stainless steel appliances, creamy white cabinetry, and a large granite-topped island equipped with four raised chairs.

A formal dining area near two walls of windows seats ten around a massive table beneath a candled medieval-styled chandelier.

Glass doors lead out to a covered balcony that spans its width, including additional seating and dining areas.

Two comfortably appointed Guest Bedrooms are on this level. One has a king-sized bed with a full ensuite bath.

The other has a queen bunk with access to a full hall bath which also serves as a powder room.

The spacious Master Bedroom is on the third floor with a large king-sized bed and direct balcony access.

A luxurious ensuite Master Bath includes a deep soaking tub and a separate walk-in shower.

The attached balcony has a furnished seating area and a spiral staircase that leads up to an open rooftop deck that offers 360-degree views of the sensational scenery.

This balcony is also accessible from a den with a leather couch and wall-mounted flatscreen TV off three comfortably furnished Guest Bedrooms. These bedrooms are like Master Suites since each one has a luxurious private bath. Two of them feature handsome king-sized beds, while the third has a charming cottage-style queen-sized bed.

Our Ocean Reef Resorts property management company proudly represents this home on our highly acclaimed vacation rental program. We have been managing fine vacation homes and condos for private owners here along the Emerald Coast since 1982. Our professional, friendly, engaging staff ensures that all properties are represented and serviced in the absolute best way possible. This particular residence has an annual gross rental income of over $370,000. We can happily provide you with the current detailed rental income data on this property upon request. If you are privileged enough to buy this "Forever Home," which doubles as a highly lucrative vacation rental property, you will see why it is such a jewel.

This incredible vacation home, complete with upscale furnishings and decorative art throughout, is listed at $3,750,000. This price comes in at $877.60 per square foot. There are only four other homes currently for sale in Destiny by the Sea. They range in price from $2,175,000 for a 3,857 square foot home with four bedrooms and five and one-half baths up to $4,995,000 for a 4,558 square foot home with five bedrooms and five and one-half baths. These four other listed homes total an average of $868.34 per square foot.

If you are fortunate enough to take advantage of this purchase opportunity, contact our Ocean Reef Real Estate office right away at 877-392-6085. We will provide you with the highly detailed annual gross rental income data for this home, a complete Comparative Market Analysis, and schedule a private tour.

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