NOT LISTED FOR SALE

Estimated Value: $2,410,000 - $3,144,000

6 Beds
4.5 Baths
3,816 Sq Ft
$742/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $1,300,000 $341 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $16,696/month

106 Days on Market

Highlights

  • Beach
  • In Ground Pool
  • Beach House
  • Van R. Butler Elementary School Rated A-
  • Gulf View
  • Furnished

About This Home

As of November 2016

Experience this stunning resort-style rental machine optimally located near private beach access within the heart of Frangista Beach. This incredible property features over $120,000 in recent upgrades; notable improvements include fresh interior and exterior paint as well as new designer furnishings. This property is a rental magnate with over $160,000 in gross annual income in 2015 (prior to it's renovation completion). Notable features include a private elevator, massive lagoon style pool with tiki bar and adjoining summer kitchen, gulf views from the second and third floors as well as ample living space perfectly functioned for entertaining. The layout is extremely open with living spaces outlined on each level of this three story home. The kitchen and living room are ideally located on the second level and feature beautiful granite countertops, stainless steel appliances as well as a wood look porcelain tile floor that is carried throughout the main living areas. The living room opens to a spacious wrap around balcony that spans the entire width of the home and features convenient spiral staircase access to the rear deck. The third floor master suite is extremely private and features a gulf view, private balcony as well as a large on-suite master bathroom complete with travertine accents and dual vanities. This home is an excellent rental property or second home with close proximity to beach access and all of the exceptional shopping, dining and entertainment that Miramar Beach has to offer.

Last Agent to Sell the Property

Jonathan Spears

Compass License #3231352 Listed on: 06/06/2016

Compass

Last Buyer's Agent

Jonathan Spears

Compass License #3231352 Listed on: 06/06/2016

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,426

Year Built

  • Built in 2006

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x158
  • Back Yard Fenced
  • Sprinkler System

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Beach House
  • Exterior Columns
  • Stucco

Interior Spaces

  • 3,816 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Great Room
  • Dining Area
  • Tile Flooring
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 32-2S-21-42040-00A-0130

Community Details

Overview

  • Frangista Beach Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,426

Year Built

Built in 2006

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Lot Size: 50x158
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: FRANGISTA BEACH
  • Directions: North on Miami Street from Scenic Highway 98, just West of Whales Tale restaurant. Home is on the right, half way down the street.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2006
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Great Room: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Ceiling Crwn Molding, Ceiling Tray/Cofferd, Elevator, Floor Tile, Furnished - All, Lighting Recessed, Washer/Dryer Hookup, Wet Bar
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Wet Bar: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Columns, Fenced Back Yard, Hot Tub, Patio Covered, Pool - In-Ground, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Columns: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach
  • Association #2 Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 32-2S-21-42040-00A-0130
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7425.98
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Toure Joahd and Toure Viviana C
Bought by
Schrader Jeremy R and Schrader Michelle L
Current Estimated Value
$2,830,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,125,000
Outstanding Balance
$1,932,283
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$828,168

Purchase Details

Closed on
Dec 13, 2019
Sold by
Werdann Rabert W and Werdann Suzanne C
Bought by
Toure Joahd and Toure Viviana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2016
Closed on
Nov 14, 2016
Sold by
Mako Partners Llc
Bought by
Werdann Robert W and Werdann Suzanne C
Seller's Agent
Jonathan Spears
Compass
Buyer's Agent
Jonathan Spears
Compass
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$700,000
Interest Rate
2.57%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 30, 2009
Sold by
Giles Benjamin J and Giles Christel L
Bought by
Bellinghieri Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2006
Sold by
Giles Properties Lp
Bought by
Giles Benjamin J and Giles Christel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 23, 2003
Sold by
Davis Michael Sean
Bought by
Giles Properties Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Schrader Jeremy R $2,500,000 Aqua Title Services
Toure Joahd $1,575,000 Aqua Title Services
Werdann Robert W $1,300,000 Aqua Title Services
Mako Properties Llc $559,071 Aqua Title Services
Bellinghieri Joseph A $800,000 Dune Title Company Llc
Giles Benjamin J $808,700 Dune Title Company Llc
Giles Properties Lp $235,000 First National Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrader Jeremy R $2,125,000
Previous Owner Toure Joahd $1,260,000
Previous Owner Werdann Robert W $700,000
Previous Owner Bellinghieri Joseph A $640,000
Previous Owner Giles Benjamin J $900,000
Previous Owner Giles Benjamin J $250,000
Previous Owner Giles Benjamin J $1,000,000
Previous Owner Giles Properties Lp $211,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $1,300,000 -- --
11/14/2016 11/14/16 Sold $1,300,000 0.0% $341 / Sq Ft
09/20/2016 09/20/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $1,300,000 -- $341 / 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 $18,879 $2,646,004 $790,625 $1,855,379
2023 $18,879 $2,077,722 $930,000 $1,147,722
2022 $17,732 $1,913,409 $535,464 $1,377,945
2021 $13,623 $1,482,029 $299,169 $1,182,860
2020 $12,110 $1,213,180 $273,702 $939,478
2019 $10,869 $1,193,909 $263,175 $930,734
2018 $10,035 $1,107,335 $0 $0
2017 $8,131 $820,380 $203,926 $616,454
2016 $7,871 $799,287 $0 $0
2015 $7,426 $755,797 $0 $0
2014 $6,584 $638,669 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 754298

Emerald Coast Association of REALTORS®

APN: 32-2S-21-42040-00A-0130