Direct beach Front. One of the best run HOA's in Destin. Solid financials.
The condo is GREAT rental! Comes with 2026 Rentals on the books! One of the most coveted buildings for owning and renting. It's a low-density resort--only 3 stories means fewer people on the beach! It has over 300 linear feet of PRIVATE beach and beach service provided by HOA.
This is a turn-key, fully furnished, decorated, equipped and rental ready. It is fully renovated with all new ceramic wood-look tile throughout the main level, new kitchen, granite, New downstairs baths, new upstairs vanity, turnkey furnishings.
Also notable, Coral Reef has completed all of its inspection on structural and balconies--fully inspected and repaired. Since this was all done and we paid the special assessments for this work, presumably the new buyers would be insulated from huge special assessments in the near future.
Rented on a short-term basis for over 10 years. Over the past 5 years, it consistently grossed between $80-106K in gross rental income (rent-line only, no cleaning fees or taxes included in that figure!) Email or text me and I can send you a full, income and expenses report (including detailed rental history) for Coral Reef 36.
Disclaimer. There have been a few updates in the furnishings since the photos were taken. Namely a few chairs have been replaced. Some personal items and artwork do NOT convey with the sale.
Coral Reef Club is one of Destin's best kept secrets.