NOT LISTED FOR SALE

Estimated Value: $4,796,000 - $5,628,731

10 Beds
10 Baths
5,096 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold January 26, 2017

Last sale price $2,575,000 $505 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $30,953/month

167 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Newly Painted Property
  • Wood Flooring
  • Dune Lakes Elementary School Rated A-
  • Beach House
  • Furnished

About This Home

As of January 2017

Extremely popular Vacation Rental in a superb location adjacent to Grayton Beach. The Gulf Trace subdivision is old Florida at its finest. Consisting mainly of single family homes and surrounded by state land, Gulf Trace has a quiet & serene feel yet is just a stone's throw from Grayton Beach and is convenient to everything 30-A has to offer. With 10 bedrooms & 10 baths (4 Gulf Front bedrooms), this renovated Beach House can accomodate 32+ guests. It can be rented as a 10/10 or 2 two 5 bed/5 baths seperately. This offers options to vacationers and a steady, impressive income stream for the owner. With many guests securing reservations for the following year prior to departing, gross rentals have increased each year since the remodel. 2012 rentals totaled $ 205K !! Renovations include: new hardwood flooring, new tile, & new carpet(bedrooms),every square inch of flooring was replaced; New Stainless Steel appliances & Granite countertops in both kitchens; custom woodwork (coffered ceilings) and a new Standing Seam Metal Roof, just to name a few.

Last Agent to Sell the Property

Jay Agnew

Re/Max Beaches License #3161497 Listed on: 07/15/2016

Re/Max Beaches

Co-Listed By

Debbie Neale

Re/Max Beaches License #3228059

Last Buyer's Agent

Teresa Turner

Emeralda Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,602

Year Built

  • Built in 1996 | Remodeled

Lot Details

  • Lot Dimensions are 80 x 350
  • Property fronts gulf or ocean

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Beach House
  • Newly Painted Property
  • Metal Roof
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 5,096 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Woodwork
  • Crown Molding
  • Wainscoting
  • Coffered Ceiling
  • Tray Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Entrance Foyer
  • Living Room
  • Dining Area
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Painted or Stained Flooring
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms
  • Cultured Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Oversized Parking

Outdoor Features

  • Balcony
  • Covered Deck

Schools

  • Bay Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Private Company Owned Well
  • Well
  • Multiple Water Heaters
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Gulf Trace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08-3S-19-25040-00A-0220

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,602

Year Built

Built in 1996 | Remodeled

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 80 X 350
  • Road Surface Type: Paved
  • Co List Office Mls Id: EDAS
  • Co List Office Phone: 850-267-0720
  • Subdivision Name: GULF TRACE
  • Directions: From 98 turn south on 283 then right on 30A. Go 1/2 mile and turn left into Gulf Trace. Follow the winding road back to the development. As you enter take the first left on Gulf Shore Dr. Drive towards the beach
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1996
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Utilities:Private Well: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Foyer: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Two: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Full Bathrooms: 10
  • Total Bedrooms: 10
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Floor Hardwood, Floor Tile, Floor WW Carpet, Furnished - All, Lighting Recessed, Newly Painted, Owner's Closet, Renovated, Walls Wainscoting, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Newly Painted: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Walls Wainscoting: Yes

Exterior Features

  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Foundation Stilts, Roof Metal, Stucco
  • Exterior Features: Balcony, Deck Covered
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Foundation Stilts: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Parking Features: Carport, Oversized
  • Parking Features:Oversized: Yes
  • Parking Features:Carport3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Community Sewer, Electric, Phone, Private Well, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Waterfront
  • Association #2 Fee: 270.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Bay
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 08-3S-19-25040-00A-0220
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Jan 27, 2017
Sold by
Harden Executive Rentals Llc
Bought by
Bjbako Florida Properties Llc
Seller's Agent
Jay Agnew
Re/Max Beaches
Buyer's Agent
Teresa Turner
Emeralda Realty
List Price
$2,575,000
Sold Price
$2,575,000
Current Estimated Value
$5,244,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,669,577
Avg. Annual Appreciation
7.86%

Purchase Details

Listed on
Jan 19, 2013
Closed on
Feb 15, 2013
Sold by
Hense Kevin
Bought by
Harden Executive Rentals Llc
Seller's Agent
Matt Williams
Berkshire Hathaway HomeServices
Buyer's Agent
Jay Agnew
Re/Max Beaches
List Price
$1,660,000
Sold Price
$1,660,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Original Mortgage
$1,366,331
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 19, 2013
Closed on
Feb 7, 2013
Sold by
Hense Kevin
Bought by
Hense Kevin
Seller's Agent
Matt Williams
Berkshire Hathaway HomeServices
Buyer's Agent
Jay Agnew
Re/Max Beaches
List Price
$1,660,000
Sold Price
$1,660,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,366,331
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2012
Sold by
Hense Kevin
Bought by
Hense Kevin

Purchase Details

Closed on
Dec 23, 2010
Sold by
James E Ray Family Partnership Ltd
Bought by
Hense Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,047,718
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2008
Sold by
Ray James E
Bought by
James E Ray Family Partnership Ltd

Purchase Details

Closed on
Jun 2, 2005
Sold by
Ray James E
Bought by
Ray James E and James E Ray Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bjbako Florida Properties Llc $2,575,000 Blue Title Llc
Harden Executive Rentals Llc $1,660,000 Attorney
Hense Kevin -- None Available
Hense Kevin -- None Available
Hense Kevin -- None Available
Hense Kevin $1,200,000 Attorney
James E Ray Family Partnership Ltd -- None Available
Ray James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harden Executive Rentals Llc $1,366,331
Previous Owner Hense Kevin $1,047,718
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $1,660,000 -- --
01/26/2017 01/26/17 Sold $2,575,000 0.0% $505 / Sq Ft
12/29/2016 12/29/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $2,575,000 +55.1% $505 / Sq Ft
02/15/2013 02/15/13 Sold $1,660,000 0.0% $326 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
01/19/2013 01/19/13 For Sale $1,660,000 -- $326 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $38,602 $4,699,728 $3,150,000 $1,549,728
2023 $38,602 $3,631,266 $0 $0
2022 $31,224 $3,369,236 $2,810,693 $558,543
2021 $29,845 $3,086,891 $2,305,152 $781,739
2020 $27,947 $2,799,659 $2,108,925 $690,734
2019 $26,653 $2,751,047 $2,047,500 $703,547
2018 $23,704 $2,377,224 $0 $0
2017 $20,396 $2,190,475 $1,495,875 $694,600
2016 $17,617 $1,776,672 $0 $0
2015 $16,108 $1,584,700 $0 $0
2014 $15,265 $1,480,728 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 757031

Emerald Coast Association of REALTORS®

APN: 08-3S-19-25040-00A-0220