Renovated Historic Grayton Beach Home for Sale

Posted by Destin Real Estate Sales on Thursday, September 10th, 2020 at 9:58am.

If you are seeking to find your "forever home," which could also double as a lucrative property investment as a popular vacation rental residence, you may have just found it. This unique gracious stately historic home at 490 Defuniak Street in the heart of the old village center of Grayton Beach is available on the market to purchase for the first time ever.

It is a short stroll away from the beautiful beach, the famous Red Bar, Chiringo, and the vibrant Zoo Gallery. This home, which sits on .61 acres of well-established, beautifully landscaped grounds, encompasses a total of 3,746 square feet. It includes six bedrooms plus individual living quarters in a Carriage Guest House which features a two-car garage on the first-floor level.  

The current owners who have generational founding family ties to Grayton Beach have owned this home for many decades. They hired the highly acclaimed local firm of O.B Laurent to do major renovations of the original residence, which took over two years to complete. Afterward, the contractor completed the separate Carriage Guest House beside it. The work of O.B. Laurent has been featured in Southern Living and Coastal Living magazines due to high-quality craftsmanship and creative designs. In addition, the kitchen received a major renovation, and a large swimming pool was added in 2005.  

This home's exteriors exude a warm southern charm with a columned veranda featuring a white spindle border rail that spans across its entire front and then wraps around on one of its sides. A center staircase provides a graceful entry while another one on the side provides access from the detached garage and Carriage Guest House. A lush green lawn out front is flanked by shady Live Oak trees on the side.

A walkway beside the Carriage Guest House leads out back to the beautiful pool area. An expansive patio is cobbled in paver stone and has a large cabana at the end of the sparkling swimming pool. The cabana was completed by the renowned Hufham Farris Group, which has had its work featured in Southern Accent, Veranda, Traditional Home, and Birmingham Home & Garden magazine, to name a few. This special place was made for outdoor entertainment since it includes a built-in bar, a convenient powder room as well as a lovely sitting and dining area that overlooks the pool.

You enter the main house from the stately columned veranda either out front or from the side near the garage Carriage Guest House. Upon entry, you are in an open living area brightened by the double glass French door entry flanked by two large wide double windows on each side. You are immediately impressed with the glowing pine and hardwood flooring that flows throughout this home, which richly dovetails into matching paneled walls.

This room wraps around toward a dining area with a fireplace near the open kitchen.

The kitchen features golden honey toned custom cabinetry, wraparound mottled granite-topped counters with a bar, brushed stainless steel appliances, a double oven, and a restaurant-type gas range top.

The Master Bedroom is quite spacious with two separate sitting areas and a full ensuite luxury bath.

Two Guest Bedrooms, one of which has a wall of built-in shelving, share a full bath off a long connecting hallway that resembles a sunroom with a wall of windows.

The Carriage Guest House features golden hardwood and pine flooring as well as beadboard wainscoting. A spacious open living area has access to a covered veranda that has side views of the pool.

The adjoining full kitchen has white appliances with matching countertops, and honey-toned custom cabinetry opens to a dining area.

There are two guest bedrooms, a bunk room with four beds, and full bathrooms.  

This 3,746 square foot home with six bedrooms is listed at $4,650,000. Currently, there are 11 other comparable single-family homes with 5+ bedrooms in Grayton Beach. The least expensive is a 3,056 square foot home with eight bedrooms listed at $1,230,000. The largest home available encompasses 5,124 square feet with six bedrooms and is listed at $3,659,000.

Contact our Ocean Reef Real Estate office today at 877-392-6085 for complete details, a complimentary Comparative Market Analysis of all properties listed, and schedule a private tour. Homes of this size that are on rental programs usually have an annual gross that's well over $100,000 per year. Our well established, highly respected Ocean Reef Resorts property management division would be happy to provide you with important detailed gross annual rental data for properties of this kind upon request.

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