A unique real estate investment opportunity presents itself at 24 Blue Gulf Dr in Blue Mountain Beach! This brand-new development of a residential enclave with seven townhomes is ready for immediate occupancy. The outstanding location is on Scenic 30A, just a short distance from the sugary shoreline beside the glowing jewel-toned gulf.
This incredible townhome complex places prospective residents close to the beautiful beach and delightful pursuits at the acclaimed Santa Rosa Beach coastal village center of Gulf Place. This wonderful place includes restaurants with friendly bars, fashion boutiques, specialty shops, galleries, a beauty salon, an ice cream parlor, and a coffee shop. They are centered on a lush lawn amphitheater adorned with Royal Palm trees, featuring outdoor concerts, festivals, and art shows. Blue Mountain Beach is renowned for having the highest elevation on the entire Gulf of Mexico. The dazzling panoramic views from its dune top location near the shore access are truly stunning. This coastal village is primarily residential, featuring a charming, almost Bohemian-type setting, and is home to some local artists. It has a few popular local restaurants with lively bars, an old-fashioned ice cream parlor, a wonderful bakery, and Walton County’s oldest Health Food Store. This hip “For the Health of It” store features organic produce, smoothies, homeopathic remedies, Tupelo honey, scented soaps, candles, and massage therapy.
These townhomes have a stately American-style look with an Old Florida design, including white exteriors, metal roofs, dormer windows, and covered upper-level verandas. It consists of two buildings, with four townhomes in one building and three in the other. Each three-story residence includes a one-car garage and two reserved parking spaces. The dove gray paver stone parking area is studded with palm trees, while the perimeter is lavished with magnolias, live oaks, pine trees, and other tropical plantings. A gazebo sits near a sparkling swimming pool nearby and is surrounded by a sun patio. Each townhome includes three large bedrooms, a third-floor bunk room or den, and spans 1,935 square feet. There are also three full baths with private ensuites in the primary bedroom and two guest bedrooms. An additional half bath serves as a convenient powder room off the bunk bedroom on the third floor, which opens out onto a spacious covered veranda that looks out upon the serene scenery and provides a great entertainment space.
As soon as you step inside, you are impressed by the upscale, harmonious design, which features a bright space with white shiplap interior walls accented by rich hardwood flooring. The open living, dining, and kitchen areas are on the first floor, which is bathed in light from glass doors and windows, especially in four of the townhomes, which are end units. The spacious living area is off to one side of the open dining and kitchen space. There is plenty of room for a dining table, and it sits beside a glass door that leads out to the back of the townhome.
The bright, beautiful white kitchen includes contemporary custom cabinetry, sleek white quartz countertops, and walls with matching veined marble tiled backsplash. Upscale brushed stainless steel appliances include a large gas range top double oven and a French-styled refrigerator freezer. A microwave oven is located in a centered quartz-topped kitchen island with room for bar seating. A unique white sliding barn door provides easy access to a custom pantry with built-in open shelving. An individual laundry room nearby includes a washer, dryer, and storage cabinets with under-cabinet lighting.
Three spacious bedrooms are on the second floor, all with ensuite baths. The primary bedroom’s ensuite is adorned with veined white marble with double vanity sinks and a glass-walled walk-in shower. The primary bedroom also includes a small balcony. The two guest bedrooms have ensuites with tub-shower combinations, decorated with white subway tile and accented by handsome gray slate flooring.
This newly built residential enclave with seven beautiful three-bedroom, three-and-one-half bathroom townhomes, each with a generous 1,935 square feet of space, is listed at $6,295,000, or $464.75 per square foot for the entire 13,545-square-foot townhome complex. Currently, there are eleven other residential properties with three bedrooms for sale in this area. They range in price from $605,000 for a condo with 1,022 square feet ($591.98 per square foot) up to $2,325,000 for a gulf-front residence with 2,330 square feet ($997.85 per square foot). The total average price for all eleven three-bedroom residences is considerably higher at $729.81 per square foot.
This unique investment opportunity offered for a fantastic price could generate considerable rental income for its fortunate buyers. Our highly acclaimed Ocean Reef Resortsproperty management division represents many vacation rental properties for private owners in Destin, Miramar Beach, South Walton, and Panama City Beach. We would be happy to provide details on annual gross rental income for comparable properties in the area. If interested, contact our knowledgeable Ocean Reef Real Estate Sales team today at 877-392-6085 for more info and a Comparative Market Analysis. We will happily answer any questions and arrange your private tour once you are fully and comfortably informed!