NOT LISTED FOR SALE

Estimated Value: $1,707,544 - $2,199,000

7 Beds
7.5 Baths
2,900 Sq Ft
$642/Sq Ft Est. Value

Last Sold November 08, 2022

Last sale price $2,190,000 $755 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $11,189/month

69 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Main Floor Primary Bedroom
  • Van R. Butler Elementary School Rated A-
  • Beach House
  • Furnished

About This Home

As of November 2022

Newly completed in 2022, 7 Lake Street is adorned with high end and unique finishes that coalesce to create an ideal vacation rental property. Located in phase II of the gated community of Frangista Beach off of iconic Scenic Highway 98, the Sandy Pearl boasts private, deeded beach access for owners and visitors. This pristine 3-story home on a private corner lot is finished with modern coastal touches professionally curated and furnished by a local interior designer. The generous floor plan with stunning upgraded flooring throughout is open, light, and airy – making it both inviting and relaxing. Seven spacious bedrooms including two on the main level, and a third-floor kitchenette with an 8th king-sized bed allow this home to accommodate up to 24 sleepers in grand style. The kitchen has commercial grade, stainless steel appliances, upgraded quartz countertops, handmade subway tile backsplash, and custom art pieces to accent the space. A separate large ice maker and commercial size washer/dryer add ultimate convenience. Living spaces include brand new furniture, smart TVs, game room equipment, and multi-window coverings. Each of the home's 8 bathrooms is graced with Sellers brand custom tile designs. Designers brought the same exquisite attention to detail to the outside spaces of the Sandy Pearl, as well. Landscaping is lush with palm trees lining an oversized parking area/driveway. Owners can peer down through the overhanging backyard palms from the many suites created by outside decks to admire oversized pavers surrounding the luscious private pool with a kiddie/tanning area attached. Controlling the settings on the heated pool is effortless with Wi-Fi controlled smart home features. The space is further defined with rich teak furniture, stainless-steel grill, and hammock for lounging on lazy days. Take the included 6-passenger golf cart to the Silver Sands Premium Outlet Mall, (home to 110 designer and name brand outlet stores), just 2 miles away. Also within 2 miles of the home are countless restaurants, grocery stores, gas station, CVS Pharmacy, 2 large and popular public beach accesses, and much more! For golfers, Seascape Golf Course is a 5-minute drive from the Sandy Pearl.

On the practical side and beyond the "higher than typical" vacation rental finishes, wise buyers will appreciate the owner's closet with code padlock inside and large storage closet with code padlock outside. Additionally, builders have included a 10-year pool warranty, upgraded electrical and plumbing fixtures, manufacturers' warranties for all mechanicals and appliances, new, well-supplied sprinkler system, and most impressively, a full builder warranty till May 2023. Whether you are looking for an investment property or a place to make memories with your extended family, the Sandy Pearl is a treasured find.

Last Agent to Sell the Property

Spears Group

Compass Listed on: 07/19/2022

Compass

Last Buyer's Agent

Erin Romanski

Christies International Real Estate Emerald Coast License #3432770

Christies International Real Estate Emerald Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,479

Year Built

  • Built in 2022

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 107.50 x 50 x 39.5
  • Irregular Lot

HOA Fees

  • $142 Monthly HOA Fees

Home Design

  • Beach House
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 2,900 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Induction Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Porch

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • High Efficiency Air Conditioning

Listing and Financial Details

  • Assessor Parcel Number 32-2S-21-42050-00I-0040

Community Details

Overview

  • Association fees include master
  • Frangista Beach 2Nd Addn Subdivision

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,479

Year Built

Built in 2022

Lot Details

0

HOA Fees

$142 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Lot Size: 107.50 x 50 x 39.5
  • Road Surface Type: Paved
  • Subdivision Name: FRANGISTA BEACH 2ND ADDN
  • Directions: From US Highway 98, head south on south Holiday Road, making a left on to Scenic highway 98, from Scenic 98, head North on Miami Street. Once you go through the gate to the community, make a right on Walton Dr. the home will be on the corner of Walton Dr. and Lake St. on your left.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2022
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Dining Area: Yes
  • Utilities:Gas - Natural: Yes
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Dryer, Ice Machine, Microwave, Range Hood, Refrigerator, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Interior Amenities: Breakfast Bar, Furnished - All, Kitchen Island, Lighting Recessed, Washer/Dryer Hookup
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Kitchen Island: Yes

Exterior Features

  • Lot Features: Irregular, Sidewalk, Survey Available, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Pool - In-Ground, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Lot Features:Survey Available: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - In-Ground: Yes
  • Lot Features:Sidewalk: Yes
  • Lot Features:Irregular: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Gated Community, Pool
  • Association #2 Fee: 425.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Master Association

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 32-2S-21-42050-00I-0040
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1479.18
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Nov 7, 2022
Sold by
Centennial Properties Llc
Bought by
7 Lake St Llc
Seller's Agent
Spears Group
Compass
Buyer's Agent
Erin Romanski
Christies International Real Estate Emerald Coast
List Price
$2,300,000
Sold Price
$2,190,000
Premium/Discount to List
-$110,000
-4.78%
Current Estimated Value
$1,861,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$328,364
Avg. Annual Appreciation
-5.34%

Purchase Details

Closed on
Sep 11, 2020
Sold by
Martin Ryan and Martin Sara
Bought by
Centennial Properties Llc

Purchase Details

Closed on
Sep 7, 2018
Sold by
Zosche Darren and Zosche Karen
Bought by
Martin Ryan and Martin Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2017
Sold by
Moore Harold D and Moore Alona Gayle
Bought by
Zosche Darren and Zosche Karen

Purchase Details

Closed on
Nov 1, 2016
Sold by
Greenway Rodney H and Greenway Elizabeth A
Bought by
Moore Harold D and Moore Alona Gayle

Purchase Details

Closed on
Jan 29, 2016
Sold by
Greenway Rodney and Greenway Elizabeth A
Bought by
T Rodney

Purchase Details

Closed on
Jan 1, 2016
Bought by
Greenway Rodney and Greenway Beth Joint
Source: Public Records

Range of Values:

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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
7 Lake St Llc $2,190,000 --
Centennial Properties Llc $200,000 Setco Services Llc
Martin Ryan $140,000 Attorney
Zosche Darren $125,000 Attorney
Moore Harold D $95,000 Rodgers Kiefer Title
T Rodney -- Attorney
Greenway Rodney $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Ryan $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2022 11/08/22 Sold $2,190,000 -2.7% $755 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
08/26/2022 08/26/22 Price Changed $2,250,000 -2.2% $776 / Sq Ft
07/19/2022 07/19/22 For Sale $2,300,000 -- $793 / 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 $14,470 $1,592,495 $450,000 $1,142,495
2023 $14,470 $1,592,495 $450,000 $1,142,495
2022 $2,062 $283,050 $283,050 $0
2021 $1,479 $152,813 $152,813 $0
2020 $1,163 $116,504 $116,504 $0
2019 $1,113 $112,023 $112,023 $0
2018 $934 $93,665 $0 $0
2017 $901 $90,936 $90,936 $0
2016 $687 $87,439 $0 $0
2015 $672 $86,020 $0 $0
2014 $566 $68,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 904010

Emerald Coast Association of REALTORS®

APN: 32-2S-21-42050-00I-0040