For Sale: Stylish Vacation Villa in Miramar Beach's Caribe
Posted by Destin Real Estate Sales on Thursday, August 15th, 2024 at 8:42am.
This magnificent four-bedroom, Mediterranean-style, two-story villa at 176 Rue Martine in Caribe, Miramar Beach, could become your forever dream home and serve as a lucrative vacation rental property. The owners currently have it represented by our acclaimed Ocean Reef Resorts rental management team when they're not enjoying the beach themselves. Annual gross rental income for 2023 totaled $45,132 with owner usage. This is not surprising since this spacious, comfortably furnished vacation home, which sleeps eight, is located in the premier beachside residential community of Caribe.
This exclusively gated enclave has lush, tropical landscaped grounds that span from Emerald Coast Parkway to the jewel-toned Gulf of Mexico. It features two lavishly landscaped swimming pools with bathroom facilities that are a short stroll away from this villa, and one of them is right on the beautiful beach. In no time at all, you can go from taking a refreshing plunge in the pool to luxuriating in the gleaming emerald-hued waters. Caribe also borders a lovely lagoon with a fountain that's lighted up at night for a magical effect and a dock with a gazebo where you may enjoy the serene seascape or try your luck fishing. A tennis court is also on the grounds and available for play.
As soon as you see the classic Mediterranean exterior of "Shore Beach Working," you will feel like you have arrived at a faraway paradise. A walled yard is graced by palms, flowering crepe myrtles, and a magnolia tree, providing a serene, wonderful setting in the tropics. A columned veranda overlooks these lovely grounds along with a matching one above. They invite you to experience gracious hospitality with upscale outdoor furnishings provided to enjoy wining and dining alfresco.
The comfortably furnished interiors make you feel right at home. Mottled parchment-colored tile flooring flows throughout while soaring ceilings provide a spacious look. Regal arched portal openings topped with white decorative sconce ledges lead from one large open area to another. They include a tropically inspired dining area featuring a long rustic table beneath a vintage sconce chandelier with seating for ten, off the open Gourmet Kitchen, which has a granite-topped bar with saddle stool seating.
The living area nearby has two couches and matching armchairs draped with cream-colored safari-style slipcovers. They provide a casual, comfortable seating ensemble around a thick hardwood plank drink table and face an extra wide flatscreen TV mounted above a formal gas fireplace mantle. A half bath serves as a convenient powder room. Vibrant décor throughout this home features colorful paintings with lots of flair, including tropical scenes, whimsical beach art, and sculpture work.
This kitchen has a warm, charming look. It has European-style country cabinetry topped with crown molding, glass-front cases, and stainless steel appliances.
The regal primary bedroom on the first floor has a contemporary king-size bed with a scrolled antique bed bench facing a custom-built desk, white shelving with decorative art, clothing cabinets, and a flatscreen TV. This spacious suite also has a charming bluish-gray colored armoire, an armchair with an ottoman, and access to its own private patio.
A luxurious ensuite bath has double vanities with a striking mottled granite countertop, a soaking tub, and a walk-in shower. The three beautifully furnished Guest Bedrooms are upstairs.
One includes a queen-sized bed, private access to the upper-floor veranda, and a full ensuite bath. The two other guest bedrooms share a connected full bath.
One of the guest quarters has creamy white, stately, comfortable cottage-style furnishings with a queen-size bed, and the other features coastal-style furnishings with four twin beds, perfect for a slumber party.
This beautifully furnished, magnificent vacation villa, which can also serve as a rental property, is listed at $1,750,000, which comes in at $523.33 per square foot. There are two other homes for sale in Caribe, which have four bedrooms and three full baths. One with 2,476 square feet is listed at $1,300,000, and the other has 3,081 square feet and is priced at $1,499,000. They come in at an average list price of $503.68 per square foot.
If you are fortunate enough to purchase a home of this caliber, which may also serve as a lucrative rental investment property, contact Ocean Reef Real Estate Sales at (877) 392-6085. We will gladly provide you with a professional comparative market analysis showing complete details on the two other homes listed for sale in Caribe, any that may have pending contracts, and all those that have sold here within the past twelve months. We can also provide you with details on the gross annual rental income for this home from our respected Ocean Reef Resorts property management team. Once you are fully and comfortably informed, we will be glad to set up your private tour and look forward to serving you soon!
