45 Penelope St Miramar Beach, FL 32550
Miramar Beach NeighborhoodEstimated Value: $1,992,918 - $2,154,000
8
Beds
8.5
Baths
3,171
Sq Ft
$660/Sq Ft
Est. Value
Highlights
- Beach
- In Ground Pool
- Gated Community
- Van R. Butler Elementary School Rated A-
- Fishing
- Beach House
About This Home
As of June 2023Currently under contract and taking backup offers. Why wait for construction to begin or end when you can start enjoying the benefits of a fully-furnished, modern coastal home and rental income right now? Look no further than 45 Penelope for a prime location near the beach and a successful history of generating impressive ROI. This spectacular property, completed in 2021, boasts 8 roomy bedrooms and a private heated pool, perfect for multiple families to create unforgettable memories. Situated in the highly sought-after gated community of Frangista Beach, the property offers easy access to a private beach and exudes a relaxed coastal ambiance. But what truly sets 45 Penelope apart is its exceptional rental income potential. With a solid track record of earning nearly $180,000 in rental... income in 2022 and a strong start to 2023, this property is not just a projection but a proven winner that outshines the competition. Invest in 45 Penelope today and start enjoying the benefits of a fully-equipped coastal home and a steady stream of rental income, without the wait.
Last Listed By
Scenic Sotheby's International Realty Brokerage Email: caleb@scenicsir.com License #3125648 Listed on: 02/17/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,925
Year Built
- Built in 2021
Lot Details
- Lot Dimensions are 50x115
- Property fronts a county road
- Back Yard Fenced
HOA Fees
- $142 Monthly HOA Fees
Home Design
- Beach House
- Off Grade Structure
- Metal Roof
- Cement Board or Planked
Interior Spaces
- 3,171 Sq Ft Home
- 3-Story Property
- Furnished
- Ceiling Fan
- Recessed Lighting
- Window Treatments
- Living Room
- Vinyl Flooring
- Fire and Smoke Detector
Kitchen
- Self-Cleaning Oven
- Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Balcony
- Open Patio
Schools
- Van R Butler Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Central Heating and Cooling System
- Water Tap Fee Is Paid
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 32-2S-21-42050-00G-0120
Community Details
Overview
- Association fees include accounting, recreational faclty
- Frangista Beach 2Nd Addn Subdivision
- The community has rules related to covenants
Recreation
- Beach
- Community Pool
- Fishing
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2023
Closed on
Jun 16, 2023
Sold by
Arc Investment Properties Llc
Bought by
Tran Truong Xuan and Nguyen Dathao T
Seller's Agent
Caleb Midgett
Scenic Sotheby's International Realty
Buyer's Agent
Ron Henke
Lokation
List Price
$2,275,000
Sold Price
$2,100,000
Premium/Discount to List
-$175,000
-7.69%
Total Days on Market
6
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,520
Avg. Annual Appreciation
-0.21%
Original Mortgage
$1,365,000
Outstanding Balance
$1,335,660
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$755,820
Purchase Details
Closed on
Dec 1, 2021
Sold by
Dos Hermanos Investments Llc
Bought by
Arc Investment Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2019
Sold by
Frangista Legacy Inc
Bought by
Dos Hermanos Investments Llc
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Similar Homes in Miramar Beach, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tran Truong Xuan | $2,100,000 | None Listed On Document | |
| Arc Investment Properties Llc | -- | Liberty Title & Escrow Co | |
| Dos Hermanos Investments Llc | $210,000 | Mead Law & Title Pllc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tran Truong Xuan | $1,365,000 | |
| Previous Owner | Arc Investment Properties Llc | $950,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2023 06/16/23 | Sold | $2,100,000 | -7.7% | $662 / Sq Ft |
| 02/23/2023 02/23/23 | Pending | -- | -- | -- |
| 02/17/2023 02/17/23 | For Sale | $2,275,000 | -- | $717 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $11,925 | $1,352,595 | $450,000 | $902,595 |
| 2023 | $11,925 | $1,276,995 | $0 | $0 |
| 2022 | $10,759 | $1,160,905 | $283,050 | $877,855 |
| 2021 | $1,358 | $152,813 | $152,813 | $0 |
| 2020 | $1,163 | $116,504 | $116,504 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Caleb Midgett
C
Seller's Agent in 2023
Caleb Midgett
Scenic Sotheby's International Realty
(850) 499-3311
45 in this area
154 Total Sales
-
Ron Henke
Buyer's Agent in 2023
Ron Henke
Lokation
(850) 259-6550
12 in this area
68 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 917270
APN: 32-2S-21-42050-00G-0120
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