If you are seeking a dream vacation home on the beach that can also provide lucrative income as a rental investment - then you will for sure want to check out 1937 Scenic Gulf Drive!
Ocean Reef is pleased to present this listing for a stately five-bedroom three-story vacation residence encompassing 2,289 square feet in the fashionable Frangista Beach community of Miramar Beach, just minutes east of Destin. This popular vacation destination, known as Shangri-La, is managed by our highly acclaimed Ocean Reef Resorts property management division and grossed $146,976.29 in 2019. In addition to this income, the owner used this home for their own family vacations for two weeks in January, two weeks in the fall, and two more weeks around Christmas. So there's the opportunity to garner even more rental income.
The first floor includes a beach level Master Bedroom with an en suite bath and a furnished balcony with a plunge pool for refreshment while overlooking the panoramic tapestry of the jewel-toned waters. A queen-sized bed has a white high paneled headboard and faces a flat screen TV for entertainment. A custom-built Kids Bedroom on this floor has a queen bunk and double bunk, a wall-mounted TV, and a Pacman Game table. An elevator leads up to the upper levels.
The open living area on the second-floor feature gleaming honey blonde hardwood flooring that richly flows throughout. A latte colored couch and two vibrant orange accent chairs provide a chic seating ensemble centered on an abstract decorative rug facing a flat screen TV mounted above a gas fireplace. A wall of floor to ceiling glass doors lead out to another beachfront balcony with two sets of tables inviting you to drink and dine al fresco while enjoying the views. A charming cream-colored cottage styled dining table has seating for six near the state of the arts open kitchen.
A richly mottled granite-topped bar includes two tropically inspired straw woven seats for entertaining. A lovely guest bedroom on this level has a queen-sized bed and access to a full hall bath that doubles as a powder room.
The gulf front Master Bedroom on the third floor has a big king-sized bed that sits beside a triple set of glass doors that lead out to the romantic private balcony and faces a wall-mounted flat screen TV. A luxurious en suite bath includes a deep tub and a double sink dressing counter richly decorated with travertine marble. A Guest Bedroom with a queen-sized bed on this floor also has an en suite luxury bath.
Frangista Beach has a gated tropical oasis with a community pool and restroom facilities nearby. The fantastic location is near popular beachfront restaurants, grocery stores, liquor wine outlets, and abundant amusements in Miramar Beach.
This amazing Destin Beachfront Vacation Home for Sale is priced at only $1,499,000, which averages $654.87 per square foot. There are seven other gulf front homes for sale in this area ranging from $1,675,000 for a 3 bedroom with 1,728 square feet up to $5,795,000 for a 5 bedroom with 3,706 square feet. They all average $936.26.
This opportunity will not last long. Call our Ocean Reef Real Estate Office ASAP at 877-392-6085 for detailed information, schedule a tour, and make an offer!