116 Sarasota Street, Miramar Beach, FL 32550

$1,225,000
9
BD
8
BA
5,880
SqFt
Sold Price
$1,225,000
List Price
$1,300,000
Closing Date
Aug 25, 2020
MLS#
844091
Status
SOLD
Type
Single Family Residential
Subtype
Detached Single Family
Bedrooms
9
Bathrooms
8
Living Area
5,880
Lot Size
4,791
Neighborhood
1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort

Property Description

Experience this stunning resort-style rental machine optimally located near exclusive gated beach access within the heart of Frangista Beach. This incredible nine bedroom, eight bathroom property is one of the lowest price-per-foot offerings along Scenic Highway 98 featuring over $100,000 in upgrades performed since 2017. Notable improvements include fresh paint as well as designer furnishings to optimally configure this 5,880 square feet home. Masterfully built as a rental magnet, this property has over $160,000 in projected annual income for 2020 as well as a solid rental history for 2019. Notable features include ample parking, spacious courtyard with lagoon style pool & walled privacy with adjoining summer kitchen, gulf views from the third floor as well as ample living space perfectly functioned for entertaining. The layout is extremely open with living spaces outlined on each level of this three story home. The kitchen and living room are ideally located on the second level and feature beautiful granite countertops, stainless steel appliances as well as a beautiful tile flooring that is carried throughout the main living areas. The living room opens to a spacious balcony that spans the entire width of the home allowing optimal indoor/outdoor living to soak in the summer breeze. The oversized third floor master suite is extremely private and features a gulf view, private balcony as well as a large on-suite master bathroom complete with travertine accents and dual vanities. This home is an excellent rental property or second home with close proximity to deeded, gated beach access and all of the exceptional shopping, dining and entertainment that Miramar Beach has to offer.

Additional Information

Acres
0.11
Appliances
Cooktop, Dishwasher, Disposal, Ice Machine, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric
Assmt Fee Term
Annually
Association
Emerald Coast
Construction Siding
Frame, Slab, Stucco
Design
Beach House
Elementary School
Van R Butler
Energy
AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat - Two or More, Heat Cntrl Electric, Heat High Efficiency, Insulated Doors, Water Heater - Elect, Water Heater - Two +
Exterior Features
Balcony, BBQ Pit/Grill, Columns, Fenced Lot-Part, Patio Covered, Patio Open, Pool - Heated, Pool - In-Ground, Porch, Porch Open, Shower, Workshop
Fees
$1,000
Fees Include
Recreational Faclty
High School
South Walton
Interior Features
Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Floor Hardwood, Floor Tile, Furnished - All, Lighting Recessed, Owner's Closet, Pantry, Shelving, Split Bedroom, Washer/Dryer Hookup, Window Treatment All
Legal Description
LOT 15 BLK C FRANGISTA BEACH 1ST ADD PB 2-55 OR 2634-4754 OR 2657-4352 OR 2779-1857
Lot Dimensions
50x100
Lot Features
Covenants, Restrictions, Sidewalk, Within 1/2 Mile to Water
Middle School
Emerald Coast
Neighborhood
1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Parking Features
Guest, Oversized
Project Facilities
Beach, Deed Access, Pool
Stories
4
Subdivision
Frangista Beach
Utilities
Electric, Phone, Public Sewer, Public Water, TV Cable
Year Built
2005
Zoning
Resid Single Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Scenic Sotheby's International Realty. Selling Office: Keller Williams Realty SRB.

Vendor Member Number : 28166