NOT LISTED FOR SALE

38 Mala Way Inlet Beach, FL 32461

Estimated Value: $2,920,000 - $4,031,000

5 Beds
5 Baths
3,198 Sq Ft
$1,087/Sq Ft Est. Value

Sale Details

Date Sold: July 25, 2019

Last sale price $1,800,000 $563 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $20,812 / mo

About This Home

Spectacular new-construction home with breathtaking forever views of the Gulf of Mexico.
This home is the 1st of 7 total that will make up Mala Beach, one of Inlet Beach's newest premier gulf-side neighborhoods.
Situated just steps from Walton County's largest beach access, you can walk out your front door and have your toes in the sand in less than 3 minutes.
Enter the home through the front door and you're met with dramatic 14-ft ceilings and beautiful shiplap covered walls. The downstairs consists of 2 bedrooms, one that's been purposed as a bunk room with unique loft-style beds for the kids, and the other a downstairs master suite with attached full bath.
Luxurious finishes including a wet bar with built-in wine cooler and an elevator that services all 3 levels. See Mo Luxurious finishes around every corner including a wet bar with built-in wine cooler and an elevator that services all 3 floors.

1st floor also includes an additional full bath and a common living area, making it the perfect gathering place for family and friends.

As you continue on to the 2nd floor, there are 3 total bedrooms, one with ensuite bath and the other 2 connected with a full jack-and-jill style bath.

Also on the 2nd floor is a wonderful outdoor veranda with captivating views of the gulf, and offering the perfect space for relaxing with your morning coffee or evening cocktails.

This floor also includes the laundry area, which has been thoughtfully positioned central to all 3 bedrooms and is enclosed with a magnificent custom-built sliding barn door.

As you continue on to the the 3rd floor, you'll notice a wonderfully open space consisting of the kitchen, dining, and living areas.

Kitchen has all high-end stainless steel appliances including a built-in ice-maker and additional wine cooler, and accented with beautiful custom cabinetry and quartz countertops.

Ceilings are vaulted in the living room, adding to the open and spacious feel, and abundant natural light floods in from the floor-to-ceiling glass doors and fills the rooms.

Slide open the doors and step outside onto your very own private oasis. A large and expansive deck with 3rd floor heated pool is truly extraordinary, and creates the optimal space for entertaining guests, splashing with the kids in the pool, and experiencing every sunrise and sunset.

Another notable feature is the garage, which provides tremendous additional storage space with enough room to park a car, golf cart, or to store your beach gear.

If you're considering this property as an investment, the opportunity is excellent. Annual rental projections are estimated at $181,000/yr, offering nearly a 10% return on investment.

For even more added appeal, this home is in a superb location, just a 5-minute bike ride to the shops, restaurants, and attractions of nearby Rosemary Beach, The Shops of Inlet Beach, and 30Avenue.

Built by CYAN Builders

This property is truly a must see and is ready immediately to begin generating substantial rental income. Give us a call today to schedule your private showing.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Jul 24, 2019
Sold by
Mala Beach Development Llc
Bought by
Ruth Bradley Keith
Seller's Agent
The Dixon Team
30A Homes Sales
Buyer's Agent
The Dixon Team
30A Homes Sales
List Price
$1,800,000
Sold Price
$1,800,000
Current Estimated Value
$3,477,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,677,320
Avg. Annual Appreciation
10.29%
Original Mortgage
$1,260,000
Outstanding Balance
$1,108,911
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,368,409
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ruth Bradley Keith $1,800,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruth Bradley Keith $1,260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2019 07/25/19 Sold $1,800,000 0.0% $563 / Sq Ft View Prior Sale
06/07/2019 06/07/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $1,800,000 -- $563 / Sq Ft

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
2025 $24,589 $3,280,771 $1,141,950 $2,138,821
2024 $22,920 $3,280,771 $1,141,950 $2,138,821
2023 $22,920 $1,836,442 $0 $0
2022 $20,037 $2,710,584 $813,446 $1,897,138
2021 $14,691 $1,517,721 $426,016 $1,091,705
2020 $14,281 $1,430,623 $389,752 $1,040,871
2019 $3,758 $378,400 $378,400 $0
2018 $2,611 $261,822 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Your Personal Tour Guide

Ask me questions while you tour the home.