Description
This beautifully renovated 7 bedroom/8 bath home in the sought after front portion of the Frangista Beach community is truly as its name describes, a ''Gulf Star'' on the Emerald Coast. Just a few hundred feet from the white sand beaches and enjoying deeded beach access, this Coastal Contemporary design is the perfect location for your next rental investment property. The layout includes 5 bedrooms/5 baths on the main top two stories, as well as a separate 2 bed/2bath guest quarters below and converted Garage with game room. With all new furnishings and decor, newly painted inside and out, new luxury vinyl plank flooring, new Quartzite kitchen and bathroom countertops as well as new decking, you have a perfect investment waiting to hit the road running for the 2023 rental season! Investors looking for the highest potential rental return: This home has potential to convert two areas to be two additional rooms for a total of 9 bedrooms. Estimated projections from 3rd party Rental management companies give a top end potential in the mid to high 300's yearly. SPECIAL SUMMER OFFER: Seller will offer an additional $50,000.00 credit towards closing cost for a deal under contract by end of July 2023.
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7BEDS
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0.11ACRES
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7BATHS
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11/2 BATHS
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4,220SQFT
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$698$/SQFT
School Information
Description
This beautifully renovated 7 bedroom/8 bath home in the sought after front portion of the Frangista Beach community is truly as its name describes, a ''Gulf Star'' on the Emerald Coast. Just a few hundred feet from the white sand beaches and enjoying deeded beach access, this Coastal Contemporary design is the perfect location for your next rental investment property. The layout includes 5 bedrooms/5 baths on the main top two stories, as well as a separate 2 bed/2bath guest quarters below and converted Garage with game room. With all new furnishings and decor, newly painted inside and out, new luxury vinyl plank flooring, new Quartzite kitchen and bathroom countertops as well as new decking, you have a perfect investment waiting to hit the road running for the 2023 rental season! Investors looking for the highest potential rental return: This home has potential to convert two areas to be two additional rooms for a total of 9 bedrooms. Estimated projections from 3rd party Rental management companies give a top end potential in the mid to high 300's yearly. SPECIAL SUMMER OFFER: Seller will offer an additional $50,000.00 credit towards closing cost for a deal under contract by end of July 2023.
© 2023 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Vendor Member number: 28178. Data last updated: 2023-12-11T17:04:26.97.
Vendor Member #28178.