Buy This Beach House Condo Vacation Rental
Posted by Destin Real Estate Sales on Thursday, March 21st, 2019 at 7:57am.
This furnished one bedroom condominium at 675 Scenic Gulf Drive in Miramar Beach is available for sale. The Beach House 404B can provide a lucrative return as a vacation rental property, and it already has been a proven investment winner since the 2018 gross totaled $37,641.21. The return on investment, (ROI), came in at an enviable 10% for the year. This is not a surprise since The Beach House is a highly sought after location among vacationing families who frequent this resort complex on Scenic Gulf Drive in Miramar Beach. Besides being nestled upon the gorgeous jewel-toned gulf, this excellent locale is less than five minutes away from popular gulf front restaurants with friendly beach bars, area grocery stores, liquor wine outlets and one of the nation’s largest discount designer centers famously known as the Silver Sands Premium Outlets. The charming village of Baytowne Wharf and the upscale town center of Grand Boulevard at Sandestin are also nearby featuring restaurants, lively bars, specialty shops, free concerts and fun seasonal festivals with fireworks. This Miramar Beach location is also equidistant from all of the action at Destin’s marina and the picturesque coastal villages along Scenic 30A in South Walton.
The Beach House resort complex has scarce density with only four low rise buildings on 675 linear feet of the beautiful private beach. They sit high upon a sugary dune topped with a lush lawn and have steps that lead down to the bright white beach below. A large lovely curvy pool with a spacious open patio for sunning overlooks the glowing glittering gulf and provides endless views into the southern horizon. There is a grilling area, a kiddie pool, shuffleboard court and lighted tennis courts on site. A Club House features a Fitness Center and a Game Room for guests.
This fourth floor 678 square foot beachfront unit has been recently remodeled to include new parchment toned tile flooring throughout, new brushed stainless steel appliances as well as rich mottled granite countertops in the kitchen and bathroom. The HOA fees cover electricity for the unit along with water, sewer, trash disposal, cable TV, internet, building insurance, security, grounds keeping, and recreational facilities maintenance.
The list price for this 678 square foot one bedroom condo is $398,000, which comes in at $587 per square foot. Currently, there are only two other vacation properties available for sale at The Beach House. One is also one bedroom condo with 678 square feet priced at $415,000, which comes in at $612 per square foot and the other is a two bedroom unit with 1,035 square feet listed at $515,000, which comes in at only $498 per square foot.
Interested parties should contact our Ocean Reef Real Estate Office now at 877-392-6085 for complete details on any of these properties and a complimentary Comparative Market Analysis. Most importantly we can provide professional gross rental estimates through Ocean Reef Resorts, which is our highly respected sister vacation rental management division.