NOT LISTED FOR SALE
10 Beds
17 Baths
10,515 Sq Ft
0.43 Acres

Last Sold July 28, 2021

Last sale price $3,700,000 $352 Per Sq Ft

10 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Open Floorplan
  • Beach View
  • Private Beach
  • Deck

About This Home

As of July 2021

*UNDER CONTRACT.....CONTRACT CONTINGENT UPON BANKRUPTCY COURT APPROVAL*......GREAT INVESTMENT on the Gulf of Mexico! Turnkey, income-producing, 5 units AND beach house. Private BEACH and STUNNING VIEWS of the Gulf of Mexico. One building has five condo units and the other building is a single family home. Four condo units offer 3 Bedrooms, 2 Bathrooms with private balconies overlooking the beach and the water. Two of the condos are 1808 SF and two of the condos are 1608 SF. There is also a 1492 SF 2 Bedroom, 2 Bathroom two story condo. The second building is a 1728 SF 3 Bedroom, 2.5 Bathroom single family beach house. Building style is modern contemporary. Construction is block and stucco with metal roof. The units were built in 2007 and the SFH was built in 1977. Each unit has two under building parking spaces. Gross income on condos and townhouse: $279,000 per year. Gross income on the beach house is $97,000 per year. Rentals are weekly, monthly and seasonal. A full set of condo documents would convey with the property. Features include: elevator to each unit, impact glass, 10 foot ceilings, central vacuums, fire sprinkler system, separate storage rooms, wood cabinets in kitchen, granite counters, breakfast bar, jetted tub, separate shower and dual sinks in master bathrooms, walk in shower in guest bathroom, crown molding, window treatments, quality furnishings professionally staged, central A/C and heat, intercoms, laundry rooms with stacked washer/dryer, tile flooring. Kitchen appliances include: microwave, range, dishwasher, refrigerator. Excellent income producing rental properties in a premium location!

Last Agent to Sell the Property

Jerry Hayes

RE/MAX ALLIANCE GROUP License #625093 Listed on: 01/18/2021

Last Buyer's Agent

Andrew Martell

KELLER WILLIAMS ON THE WATER S License #3446314

KELLER WILLIAMS ON THE WATER S

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $59,461

Year Built

  • Built in 2007

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 50x405
  • 100 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 10,515 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Furnished
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 10 Carport Spaces
  • Parking Pad
  • Oversized Parking
  • Open Parking

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Location

  • Flood Zone Lot

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • 16,206 Sq Ft Building
  • Gulfridge Community
  • Gulfridge 1St Add Subdivision

Building Details

  • Gross Income $376,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$59,461

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 10515
  • Lot Size Acres: 0.43
  • New Construction: No
  • Year Built: 2007
  • Building Area Total: 16206
  • Lot Size Sq Ft: 18834
  • Directions to Property: US 41 NORTH....LEFT ON 776....LEFT ON N BEACH RD.....PASS THROUGH ONE ROUNDABOUT.....PROPERTY IS ON THE LEFT
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7437591?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7437591?w=Customer
  • Unit Count: 6
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Subdivision Num: GRG
  • Subdivision Section Number: 1
  • Ratio: Close Price\List Price: 0.94872
  • Price per Sq Ft: 351.88
  • Close to Original List Price Ratio: 0.94872
  • Ratio: Current Price\Building Area Total: 228.31
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, Crown Molding, Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Levels: Two
  • Window Features: Storm Window(s)
  • Street Number Modifier: 2504
  • Additional Rooms: Inside Utility, Storage Rooms
  • Number Of Buildings: 2

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Balcony, Lighting, Sliding Doors, Storage
  • Roof: Metal, Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12015C0186F
  • Waterfront Frontage: 100
  • Water Frontage Feet Beach Prvt: 50
  • Water Frontage Feet Gulf Ocean: 50

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 10
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Guest, Open, Oversized, Parking Pad, Under Building
  • Covered Parking Spaces: 10
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Water Access, Waterfront
  • Association Amenities: Elevator(s)
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: MMF7.5
  • Parcel Number: 411912126003
  • Additional Parcels: No
  • Lot Features: FloodZone, In County
  • Lot Dimensions: 50x405
  • Flood Zone Code: VE
  • Flood Zone Date: 2003-05-05

Rental Info

  • Furnished: Furnished
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 376000
  • Number Of Units Total: 5
  • Waterfront Features: Beach - Private, Gulf/Ocean

Tax Info

  • Tax Annual Amount: 59460.69
  • Tax Lot: 32

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2021 07/28/21 Sold $3,700,000 -5.1% $352 / Sq Ft
02/13/2021 02/13/21 For Sale $3,900,000 0.0% $371 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/17/2021 01/17/21 For Sale $3,900,000 -- $371 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7437591

Stellar MLS