MLS # 761578 | $18,500,000
Santa Rosa Beach Real Estate
Overview
- Bedrooms: 0
- Full Baths:
- Half Baths: 0
- Square Footage: 32450
- Built: 2022
- Acreage: 0
Location
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179 S County Hwy 393
Santa Rosa Beach, FL 32459
See On Map - County: Walton
- Area: 12 - Walton County
- Sub Area: 1202 - Walton - Santa Rosa Beach
- Subdivision: Pinewood Preserve
HIGHLIGHTS
Property Type, MultiFamily
High School, South Walton
Middle School, Walton
DESCRIPTION
Welcome to Pinewood 30-A located at 179 S. County Highway 393 in Santa Rosa Beach. This offering is for Building Number 1 only. Pinewood is a #30 unit, fully-furnished, turn-key, short-term rental property. The unit mix includes #2 4 Bedroom/4 Bath, #14 2 Bedroom/2 Bath, and #14 1 Bedroom/1 Bath units. White glove service in Northwest Florida, one of America's top short term/vacation rental markets.* Bright, modern decor and large closets with brand new GE upgraded stainless steel appliance package.* The community has top of the line maid services, gorgeous heated community pools, and a fitness center.* Located in pristine pine forest providing natural beauty while still within 1.3 miles to beautiful beaches.* The Beach is located 1.6 miles due south.* The developer has plans for Fine-dining restaurant and a coffee shop in the adjacent building.Based on the seller's proforma, the Net Operating Income is projected to be $1,505,000. Based on the sale price of $18,500,000 the Cap Rate equates to 8.14%. With a full-priced sale, the seller will guarantee the proforma rental income and expenses for the initial one year following the closing date. Financials, plans, and additional details are available upon request.DIRECTIONS
Driving Directions: U.S. Highway 98 to County Highway 393. Head south toward the Beach. Pinewood 30-A is located on the east side of 393. See Pinewood 30-A sign. Building 1 is the first building on the left.
Listed by Counts Real Estate Group Inc | Updated 08/21/2024 14:52:16
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.