NOT LISTED FOR SALE

Estimated Value: $4,472,000 - $5,283,000

9 Beds
11 Baths
5,625 Sq Ft
$891/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $5,449,653 $969 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $30,316/month

153 Days on Market

Highlights

  • Beach
  • In Ground Pool
  • Gated Community
  • Property fronts gulf or ocean
  • Bay View
  • Coastal Architecture

About This Home

As of January 2024

Welcome to ''Making Memories on the Cape''. Prominently placed in the gated luxury community of Secluded Dunes, this home is perched at 30 feet above sea level encompassing 56.8 feet of gulf frontage. This home offers resort-style amenities, breathtaking views and finishes, commercial quality construction by a respected and local builder, and is made all the more sublime by the architectural design of a 30A architect. Boasting 9 beds, 9 full and 2 half baths, this home is equipped to sleep up to 28 people, making this a great option for those with large families and for those seeking ROI. Completed at the end of 2021, this architectural masterpiece rivals all homes along the Emerald Coast, yet provides the tranquility and the serenity we long for! INVESTMENT ALERT: This property is on track to gross over $500k in revenues for 2024! Equating for 4 weeks of owner usage (40k income plus), this home realizes a 6% CAP Rate, which is nearly impossible for a waterfront home anywhere along the Florida Panhandle! Look for the proforma in the docs section of the listing.

Last Agent to Sell the Property

Daniel Walker

Compass Florida, LLC License #3249511 Listed on: 06/21/2023

Compass Florida, LLC

Last Buyer's Agent

Daniel Walker

Beachy Beach 30A Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,467

Year Built

  • Built in 2021

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 58.6x263
  • Property fronts gulf or ocean
  • Additional Land

Parking

  • 4 Car Garage
  • Carport
  • Driveway
  • Guest Parking

Property Views

  • Bay
  • Gulf

Home Design

  • Coastal Architecture
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 5,625 Sq Ft Home
  • 4-Story Property
  • Wet Bar
  • Furnished
  • Bookcases
  • Bar Fridge
  • Woodwork
  • Paneling
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Tinted Windows
  • Living Room
  • Breakfast Room
  • Storage

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Wine Cooler
  • Kitchen Island
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • In Ground Pool
  • Above Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Outdoor Living Area

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Propane
  • Well
  • Tankless Water Heater

Community Details

Overview

  • No Home Owners Association
  • Cape San Blas Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Beach
  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,467

Year Built

Built in 2021

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Accessibility Features: Accessible Elevator Installed
  • Year Built: 2021
  • Property Sub Type: Detached
  • Lot Size Acres: 0.34
  • Lot Size: 58.6x263
  • Road Surface Type: Gravel
  • Subdivision Name: Cape San Blas
  • Architectural Style: Coastal
  • Carport Y N: Yes
  • Entry Level: 1
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Bar Fridge, Dryer, Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Propane Cooktop, Refrigerator, Range Hood, Tankless Water Heater, Wine Cooler, Warming Drawer, Wine Refrigerator, Washer
  • Interior Amenities: Wet Bar, Breakfast Bar, Bookcases, Elevator, Fireplace, Kitchen Island, Other, Pantry, Paneling/Wainscoting, Recessed Lighting, Split Bedrooms, Storage, Track Lighting, Natural Woodwork, Instant Hot Water
  • Spa Features: Community
  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Total Bedrooms: 9
  • Fireplace Features: Gas, Outside
  • Fireplace: Yes
  • Living Area: 5625.0
  • Dining Room Type: Breakfast Room/Nook, Bedroom, Kitchen, Living Room, Primary Bathroom
  • Stories: 4
  • Window Features: Double Pane Windows, Tinted Windows
  • ResoLivingAreaSource: Plans

Exterior Features

  • Pool Features: Above Ground, Gunite, Private, Community, Pool
  • Pool Private: Yes
  • View: Bay, Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand, Waterfront
  • Waterfront: Yes
  • Construction Type: HardiPlank Type
  • Exterior Features: Built-in Barbecue, Balcony, Deck, Outdoor Living Area, Outdoor Shower, Pool
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony, Covered, Deck, Open, Patio, Porch
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 4.0
  • Parking Features: Covered, Carport, Driveway, Guest, Paved
  • Garage: Yes

Utilities

  • Utilities: Electricity Connected, Propane, Phone Connected, Underground Utilities, Water Available
  • Security Features: Carbon Monoxide Detector(s), Fire Alarm, Gated Community, Smoke Detector(s), Security System
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Electric, Fireplace(s)
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Barbecue, Beach, Elevator, Other, Pool, See Remarks, Short Term Rental Allowed, Waterfront, Gated
  • Association: No

Lot Info

  • Lot Features: Additional Land Available, Easement, Waterfront
  • Lot Size Sq Ft: 14810.0
  • Zoning Description: Resid Single Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 8467.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Jan 12, 2024
Sold by
Prime Beach Properties Llc
Bought by
Bethany Enterprises Inc
Seller's Agent
Daniel Walker
Compass Florida, LLC
Buyer's Agent
Daniel Walker
Beachy Beach 30A Real Estate
List Price
$5,999,000
Sold Price
$5,449,654
Premium/Discount to List
-$549,346
-9.16%
Views
86
Current Estimated Value
$5,011,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$437,759
Avg. Annual Appreciation
-5.04%
Original Mortgage
$2,500,000
Outstanding Balance
$1,829,984
Interest Rate
6.25%
Mortgage Type
Seller Take Back
Estimated Equity
$3,181,911

Purchase Details

Closed on
May 24, 2023
Sold by
Prime Beach Properties Llc
Bought by
Prime Beach Properties Llc

Purchase Details

Closed on
Feb 21, 2020
Sold by
Prime Beach Properties Llc
Bought by
Prime Beach Properties Llc
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
Bethany Enterprises Inc $5,449,653 None Listed On Document
Prime Beach Properties Llc $100 None Listed On Document
Prime Beach Properties Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bethany Enterprises Inc $2,500,000
Previous Owner Prime Beach Properties Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $5,449,654 0.0% $969 / Sq Ft
01/12/2024 01/12/24 Sold $5,449,654 -0.9% $969 / Sq Ft
11/23/2023 11/23/23 Pending -- -- --
09/29/2023 09/29/23 Price Changed $5,499,999 0.0% $978 / Sq Ft
09/29/2023 09/29/23 Price Changed $5,499,999 -8.3% $978 / Sq Ft
06/22/2023 06/22/23 Price Changed $5,999,000 0.0% $1,066 / Sq Ft
06/22/2023 06/22/23 For Sale $5,999,000 0.0% $1,066 / Sq Ft
06/22/2023 06/22/23 For Sale $5,999,000 +10.1% $1,066 / Sq Ft
04/12/2023 04/12/23 Off Market $5,449,654 -- --
09/18/2022 09/18/22 For Sale $7,350,000 -- $1,307 / Sq Ft
Source: Central Panhandle 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 $36,735 $3,774,555 $848,000 $2,926,555
2023 $29,224 $2,156,876 $0 $0
2022 $8,467 $675,750 $675,750 $0
2021 $7,627 $530,000 $530,000 $0
2020 $5,209 $349,200 $349,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 743069

Central Panhandle Association of REALTORS®

APN: 06345-836R