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167 Snowdrift Road

Miramar Beach, FL 32550
  • $3,795,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 894004
$3,795,000
  • 8
    BEDS
  • 0.31
    ACRES
  • 8
    BATHS
  • 1
    1/2 BATHS
  • 4,224
    SQFT
  • $898
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2001
County:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing investment rental opportunity with many unique advantages which attract new bookings with premium pricing and creates a high rebook rate. One of the only homes on the market with a positive cash flow at the current list price. Over 315K on the books for 2022 (401K gross) despite no rentals for the first 10 weeks due to new pool install. Projections of 426K for 2023 (528K Gross) with over 90K already on the books, of which 50% are repeat guests. Guests love the oversized heated pool and Jacuzzi installed in 2022. The large game room/playroom just off the pool has commercial game equipment. It adds 900 sqf, makes this vacation house feel like a 5100+ sqf space, and helps the house stand out & book. Just a 60 second walk from the private beach in a gated community.Completely remodeled (interior & exterior) in 2021 with the new pool in 2022. The new roof, siding, hvac system (1) and windows will save the owner on insurance and ac/heat costs while helping the house appreciate in value. The home features 4 Bedrooms on the main level, 2 additional bunk bedrooms upstairs and a carriage home that has 2 bedrooms, 1 bath & a full kitchen and living room as well as a huge game room below just off the pool area with a full bathroom. ** Added $30,000 of outdoor Seaside Casual Furniture & new pool in 2022. ** Zillow lists 10 garage spaces, when the MLS states 10 driveway spaces without the garage and is accurate. The garage is taken up with the game room. ** The home accommodates up to 32 guests and will continue to be a popular family retreat for years to come. ** Walton county has proposed regulations limiting occupancy based on parking spaces. With 10 driveway parking spots, this house should not be impacted. Destin (separate city) is implementing reduced occupancy limits with the grandfather exemption clause ending soon. This can make this home more desirable in the future for rentals. ** Major Renovation/Upgrades in 2021 ~ 24 gauge Steel roof ~ Hardi siding ~ All exterior windows impact ~ All exterior doors (including new garage doors) ~ One HVAC's replaced (other 2 newer) and added UV lights to all three units ~ (2) $2,600 BigAss Fans in living room - $6,000 installed as electricians needed scaffolding ~ Porch and garage resurfaced with Ninja Epoxy coating ~ Commercial gaming equipment in playroom ~ All bathrooms in main home renovated and partial renovation in upstairs carriage bath (granite/cabinets/light/floors). ~ Can lights replaced with LED kits throughout ~ Cabana upstairs retiled ~ Cabana kitchen renovated (granite counters) ~ New pool installed in February of 2022 ** Projections of $426K for 2023 (528K gross) with weeks already booking up ($73K on the books). The profitability, large pool, commercial game room, upgrades, location, and parking spots make this a highly desirable property. Buyer to verify all pertinent information.

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© 2022 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: 2022-06-25T23:59:26.703.
Vendor Member #28178.
www.30arealestate.com/homes/127052449
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167 Snowdrift Road Miramar Beach, FL 32550

  • Price: $3,795,000
  • Status: Active
  • On Site: 93 Days
  • MLS #: 894004
8
Beds
8
Baths
1
½ Baths
0.31
Acres
4,224
SQFT
$898
$/SQFT
2001
Built
Neighborhood:
Snow Drift Beach
County:
Walton
Area:
Miramar/Sandestin Resort
Elementary School:
Van R Butler
Middle School:
Emerald Coast
High School:
South Walton
Property Description
Amazing investment rental opportunity with many unique advantages which attract new bookings with premium pricing and creates a high rebook rate. One of the only homes on the market with a positive cash flow at the current list price. Over 315K on the books for 2022 (401K gross) despite no rentals for the first 10 weeks due to new pool install. Projections of 426K for 2023 (528K Gross) with over 90K already on the books, of which 50% are repeat guests. Guests love the oversized heated pool and Jacuzzi installed in 2022. The large game room/playroom just off the pool has commercial game equipment. It adds 900 sqf, makes this vacation house feel like a 5100+ sqf space, and helps the house stand out & book. Just a 60 second walk from the private beach in a gated community.Completely remodeled (interior & exterior) in 2021 with the new pool in 2022. The new roof, siding, hvac system (1) and windows will save the owner on insurance and ac/heat costs while helping the house appreciate in value. The home features 4 Bedrooms on the main level, 2 additional bunk bedrooms upstairs and a carriage home that has 2 bedrooms, 1 bath & a full kitchen and living room as well as a huge game room below just off the pool area with a full bathroom. ** Added $30,000 of outdoor Seaside Casual Furniture & new pool in 2022. ** Zillow lists 10 garage spaces, when the MLS states 10 driveway spaces without the garage and is accurate. The garage is taken up with the game room. ** The home accommodates up to 32 guests and will continue to be a popular family retreat for years to come. ** Walton county has proposed regulations limiting occupancy based on parking spaces. With 10 driveway parking spots, this house should not be impacted. Destin (separate city) is implementing reduced occupancy limits with the grandfather exemption clause ending soon. This can make this home more desirable in the future for rentals. ** Major Renovation/Upgrades in 2021 ~ 24 gauge Steel roof ~ Hardi siding ~ All exterior windows impact ~ All exterior doors (including new garage doors) ~ One HVAC's replaced (other 2 newer) and added UV lights to all three units ~ (2) $2,600 BigAss Fans in living room - $6,000 installed as electricians needed scaffolding ~ Porch and garage resurfaced with Ninja Epoxy coating ~ Commercial gaming equipment in playroom ~ All bathrooms in main home renovated and partial renovation in upstairs carriage bath (granite/cabinets/light/floors). ~ Can lights replaced with LED kits throughout ~ Cabana upstairs retiled ~ Cabana kitchen renovated (granite counters) ~ New pool installed in February of 2022 ** Projections of $426K for 2023 (528K gross) with weeks already booking up ($73K on the books). The profitability, large pool, commercial game room, upgrades, location, and parking spots make this a highly desirable property. Buyer to verify all pertinent information.
Exterior Features

Architectural Style Beach House Attached Garage YN No Construction Materials FrameRoof MetalSlab Exterior Features BalconyDeck CoveredDeck OpenFenced Back YardGuest QuartersHot TubPatio CoveredPatio OpenPool - HeatedPool - In-Ground Lot Features SidewalkWithin 1/2 Mile To Water Lot Size Dimensions 75X180 Parking Features Oversized

Interior Features

Cooling Ceiling Fan(S) Cooling YN Yes Interior Features Breakfast BarCeiling CathedralCeiling Crwn MoldingCeiling RaisedCeiling VaultedFloor TileFurnished - AllGuest QuartersKitchen IslandLighting RecessedNewly PaintedPantryShelvingWasher/Dryer HookupWindow Treatment All Kitchen Appliances Auto Garage Door OpnCooktopDishwasherDisposalDryerIce MachineMicrowaveOven Self CleaningRefrigeratorRefrigerator W/IcemkSmoke DetectorStove/Oven ElectricWasher Room Type KitchenLiving RoomDining AreaBedroom Rooms Total 12

Property Features

Buyer Financing Conventional Community Features BeachDeed AccessGated Community New Construction YN No Property Class Residential Property Condition Construction Complete Property Sub Type Detached Single Family Tax Amount 12469 Tax Year 2021 Utilities ElectricPhonePublic SewerPublic WaterTv Cable Zoning Resid Single Family

Listing courtesy of Amerivest Realty.


© 2022 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: 2022-06-25T23:59:26.703.
Vendor Member #28178.
 
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Berkshire Hathaway HomeServices Beach Properties of Florida
28 B WaterColor Way
WaterColor FL, 32459