Description of 261 Open Gulf Street
Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings. Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller (Equisource Holdings dba Legacy Beach Homes) does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Seller will make all reasonable efforts to facilitate the transfer of future reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.
Features of 261 Open Gulf Street
| MLS® # | 998676 |
|---|---|
| Sold Price | $1,690,000 |
| List Price | $1,690,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 2,826 |
| Acres | 0.09 |
| Year Built | 2003 |
| Type | Detached Single Family |
| Sub-Type | Detached Single Family |
| Style | Contemporary |
| Status | Sold |
Community Information
| Address | 261 Open Gulf Street |
|---|---|
| Area | 15 - Miramar/Sandestin Resort |
| Subdivision | BUENA VISTA |
| City | Miramar Beach |
| County | Walton |
| State | FL |
| Zip Code | 32550 |
Amenities
| Utilities | Electric, Public Sewer, Public Water |
|---|---|
| View | Gulf |
| Has Pool | Yes |
| Pool | Above Ground, In Ground |
Interior
| Interior Features | Breakfast Bar, Recessed Lighting, Owner's Closet, Washer/Dryer Hookup, Woodwork Painted |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater |
| Heating | Central |
| Cooling | Ceiling Fan(s) |
| # of Stories | 3 |
Exterior
| Exterior Features | Outdoor Grill, Balcony, Pool - Gunite Concrt |
|---|---|
| Lot Description | Corner Lot, Dead End, Flood Insurance Req, Interior Lot, Irregular Lot, Level, Within 1/2 Mile to Water |
| Windows | Window Treatments |
| Construction | Foundation Off Grade, Frame, Siding Vinyl, Wood Siding, Trim Vinyl |
School Information
| Elementary | Van R Butler |
|---|---|
| Middle | Emerald Coast |
| High | South Walton |
Additional Information
| Days on Website | 174 |
|---|---|
| Zoning | Resid Single Family |
Listing Details
| Office | Century 21 Wimco Realty Inc |
|---|
