Rare Beachfront Townhome under Contract in 72 Hours

Posted by Destin Real Estate Sales on Thursday, February 4th, 2021 at 9:20am.

Ocean Reef Real Estate is pleased to report that one of our brand new listings at 1011 Scenic Gulf Drive #2 in Miramar Beach went under contract in less than 72 hours! This is not a surprise due to its fantastic Gulf-front location, property rental investment income, and our connection with a wealth of eager buyers.

This Summerhaven townhome is one of these very properties. It has three beachfront levels with two balcony decks and encompasses 2,000 square feet. It includes four bedrooms with four full baths and a one half bath powder room and can accommodate 11 beachgoers.

Like the majority of such vacation rental properties, the "Summerhaven 2" townhome is under contract and was offered completely furnished. It has also received new renovations for a state of the art kitchen, tasteful furnishings, and beautiful appointments. A split floor design provides guest quarters on both the first and third floors with a spacious open living area in between. Ocean Reef Resorts property management company that has been representing many hundreds of privately owned condos and single-family homes to vacationers for almost forty years. Generations of family members have used our services to reserve distinctive properties for their magical vacations at the beach. This dovetails beautifully with our real estate division since we can provide prospective buyers with current annual gross income data on vacation rentals for existing properties to those interested in buying such residences.

A first-level den off the two downstairs guest bedrooms opens out onto a balcony sun deck overlooking the gorgeous gulf with stairs leading down to the beautiful beach below.

One of the guest bedrooms has a full ensuite bath and a handsome king-sized bed that sits next to sliding glass doors that provide direct access to the beach deck.

A full hall bath serves a bunk room for kids and an extra full bath for the downstairs den.

The second floor's living area includes two comfortable couches and a regal accent chair with blue and white patterns that face the sensational seascape outdoors and a large wall-mounted flatscreen TV that sits above an elegant white richly carved decorative credenza with a dark hardwood top.

On the other side of the room near the open kitchen is a rustic dining table with eight high backed, tropically inspired straw woven chairs that sit beneath a charming Tuscan style chandelier.

A breakfast bar nearby has four square straw topped stools for entertaining that face the new kitchen with stainless steel appliances.

The master bedroom on the top level includes a wall of windows that provide stunning views of the glittering emerald toned gulf. A king-sized bed with a unique straw woven headboard has views of the gulf and a very large Flatscreen TV.

The master bedroom includes its own private ensuite bathroom. The other guest bedroom on this floor also has its own full ensuite bathroom and is perfect for the kids since it features a full/twin bunk bed.

This fantastic location on Scenic Gulf Drive places owners and their guests close to popular beachfront restaurants, area grocery stores, one of the nation’s largest designer discount centers famously known as Silver Sands Premium Outlets, as well as a championship golf course and professional tennis club at Seascape Resort which are available for public play. A wide array of restaurants with lively bars, shopping venues, open-air concerts, fun-filled festivals, seasonal fireworks, and abundant amusements are minutes away at Sandestin’s enchanting Village of Baytowne Wharf along with swank Grand Boulevard.

This beautifully furnished 2,000 square foot beachfront townhome with four bedrooms along with 4.5 baths was value-priced at $1,125,000. This list price stood at $562.50 square feet. Currently, there are five other comparable gulf front condos or townhomes listed in Miramar Beach, which range in price from a bargain value of $675,000 for one with 1,950 square feet up to $1,900,000 for another property with 2,289 square feet. All five of these comparable properties total an average list price that comes in at $600.67 per square foot.

Whether you wish to list your residence or purchase one, contact our Ocean Reef Real Estate Office today at 877-392-6085. We can happily provide you with annual gross annual income figures for existing rental investment properties and a complimentary Comparative Market Analysis for all current listings. For buyers, we can provide much the same along with detailed information for property taxes, HOA fees, property insurance rates and schedule a private tour.

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