Ocean Reef is proud to present this outstanding four-bedroom vacation residence with 2,856 square feet that could become your “Forever Home” and also serve as a highly lucrative investment rental property. It is located at 49 Monaco Street in Miramar Beach, just a short stroll away from the sugary shoreline and in the very heart of everything this location has to offer. This wonderful residence borders the fabulous Crescent Resort, which provides fabulous amenities to homeowners in this Crescent Beach Cottages neighborhood. They include the use of a giant lagoon-shaped swimming pool with a bubbling Hot Tub and a Tiki Bar surrounded by a lush tropical oasis that overlooks the beautiful beach.
However, this home also features its own pool that overlooks a natural lagoon adorned with Lilly Pads, so private refreshment is just steps away. The home takes full advantage of this setting with two upper-level covered balconies spanning its width and a first-floor columned poolside veranda. The pool deck includes chairs with tables for sunny relaxation while enjoying favorite drinks and savory snacks. The second-story balcony spans its entire width overlooking the pool with a large decorative wrought iron table, chairs, and a gas grill to enjoy meals while experiencing the lovely views.
This hospitable home comes completely furnished and attractively appointed, ready for immediate use. The residence is on a profitable vacation rental program with our Ocean Reef Resorts property management division and has a current gross income of over $95,000, with projections standing at $125,000 for the entire year. Complete details are readily available upon request.
The second floor incorporates the open living, dining, and kitchen areas of this home which were made for entertaining. Double glass doors access the balcony to enjoy grilling and dining al fresco. Latte-toned tile, an array of sunny windows, and comfortable furnishings provide a warm, inviting ambiance. A seating ensemble centered upon a large beautifully patterned rug includes a cream-colored couch, a matching love seat, and a blue accent armchair that face a large wall-mounted flat-screen TV above a beach-chic blue cabinet. Nearby a glass-topped hardwood table includes eight charming cottage-styled chairs done in a bright blue hue on decorative backs with striped cushioned seats. The open kitchen features brushed stainless steel appliances, white cabinetry, and a wraparound two-sided counter bar with eight decorative raised chairs which are color-coordinated with those around the nearby dining table.
Each beautifully appointed bedroom includes a full private ensuite bath, while a nice half bath serves as a convenient powder room. This home has a split bedroom floor design which is popular among vacationing guests, separate family members, or friends. Two bedrooms are located poolside on the first floor, while the Master Suite and another guest bedroom with balconies are on the top level. All bedrooms include wonderfully comfortable cottage-styled furnishings and bright ensuite baths. The first-floor suites include a king-sized bed in one Guest Bedroom with an ensuite, walk-in shower bath, and two full beds with an ensuite tub shower combo in the other. This floor provides direct access to the pool and includes a convenient Wet Bar.
The attractive Master Bedroom Suite on the third floor includes a king-sized bed beneath a palatial tray ceiling, a cream-colored armoire housing a TV, two regal blue fashionable Vintage Modern armchairs in a seating area, and direct balcony access to enjoy views of the lovely lagoon. Its private ensuite bath features double vanities and a glass-walled walk-in shower. A cheerful Guest Bedroom on this level has two full-sized beds with white cottage-styled headboards beneath another tray ceiling, a royal blue armchair, a yellow armoire, direct balcony access, along with an ensuite bath with a single vanity and walk-in shower. Another Wet Bar is conveniently located at this level to serve drinks while enjoying the watery views.
This popular vacation destination has an awesome location close to popular restaurants with friendly beach bars along Scenic Gulf Drive, grocery stores, liquor wine outlets, and world-class bargain shopping at the famous Silver Sands Premium Outlet, one of the nation’s largest designer discount centers. The nearby Seascape Resort offers championship golf and a pro tennis center, which are open for public play. Delightful family amusements, great restaurants with bars that provide live music, shopping adventures, outdoor concerts, fun year-round festivals and seasonal firework celebrations are minutes away at the enchanting Village of Baytowne Wharf, along with the swank town center of the Sandestin Golf and Beach Resort.
This Forever Home and fantastic vacation rental investment property with 2,856 square feet is very attractively listed at $1,399,000, which comes in at only $488.31 per square foot. Currently, there are six other homes listed in this same area ranging from $895,000 for a property with 1,430 square feet up to $3,500,000 for a mansion with 6,896 square feet. They all come in at a total of $715.11 per square foot.
If you are a fortunate, timely, and opportune buyer contact our Ocean Reef Real Estate Office today at 877-392-6085. We will provide you with complete information, current gross annual rental income data, a Comparative Market Analysis of all comparable homes listed and schedule a private appointment to see this home ASAP.