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Lacey Price

Broker Associate

  • Office (850) 325-0004
  • Cell (850) 598-9128
Questions?

485 Forest Street St, SANTA ROSA BEACH, FL $2,595,000

  • $2.6M Price
  • 6 Beds
  • 6 Baths
  • 2,891 Sqft
  • $2.6M Price
  • 6 Beds
  • 6 Baths
  • 2,891 Sqft

485 Forest Street St

The residential property located in the attractive urban village of Seaside Florida is available to a purchaser seeking an unparalleled flexibility of balance between personal home, vacation rental and investment property. The offering comprises two freestanding two-story timber cottages on one generous-sized lot about 1000-feet setback from the Gulf of Mexico along the popular tourist 30-A corridor in the northwest Florida panhandle. Each cottage has its own access, parking, porches, and interior areas. Each may accommodate the owner's family, with an independent rental party in the adjacent cottage, or may be rented to two unrelated parties, or may be combined as a rental to one extended party. The ''main house'' cottage provides five bedrooms, four and half baths, two screenedporches, a soaring ceiling dining room, open plan kitchen, spacious living room with gas log fireplace, two private outdoor showers, two parking spaces, a laundry room and oversized charcoal BBQ. Two bedrooms are fitted with king beds, one bedroom has a special private balcony and queen bed, one bedroom has twin bedding, and the fourth bedroom is configured for children or teenagers with two bunk beds. The house comfortably sleeps twelve. Two of the bedrooms have private baths with walk-in showers, one bedroom has a private half-bath, and the other two bedrooms share a larger bathroom with a tub and additional walk-in shower. The "carriage house" cottage has one bedroom with a queen four-poster bed, adjacent bathroom with walk-in shower and laundry downstairs and a full kitchen, living room and balcony on the second level. The staircase between the two levels is more accessible than most stairs found in carriage houses in the Seaside community. This cottage has dedicated off-street parking, a private entry, screened front porch and a gas BBQ grill. The property was designed by Seaside resident architect Deborah Burke in the mid-1980's and was owned by one family as a holiday rental investment for over 30 years. Ms. Burke was named a recipient of the Seaside Prize in urban architecture in 2018 and is currently the chair of the Yale University School of Architecture and maintains a thriving practice based in New York City. A signature design feature of the main house is Ms. Burke's circular staircase. The property was acquired in 2016 by the current owners, who oversaw significant renovations and upgrades in a year-long project in 2017. While maintaining the conceptual integrity of the original intent, the two houses now have three new heating / air conditioning systems, three new on-demand gas water heaters, a new roof, new underfloor closed-cell foam insulation, new lighting, new bathroom fixtures and new kitchen and laundry appliances. New furnishings and artwork throughout both houses complement the refinished light hardwood floors and soft alabaster painted timber shiplap walls and ceilings. The property is being sold fully furnished. Starting in January 2018, the main house became available for short-term rentals through Seaside's Homeowner's Collection marketing and management agency. Two years of rental history is available, with gross rental bookings for the main house in calendar 2019 amounting to $105,000 despite an atypical slow rental period across the region in early 2019. The current owners lived personally in the carriage house from December 2017 until late Spring 2019, at which time they purchased a second cottage in Seaside. Beginning in May 2019, the carriage house was placed under a rental agency agreement with Homeowner's Collection. Annualized gross rentals for this second unit are $54,000 for the recent period when combining seven months of actual results and five months firm forward bookings. While future rental performance is never a certainty, strong forward bookings, substantially in excess of this time last year, suggest gross rental income combined for calendar year 2020 may exceed $176,344. Some art has changed since photos were taken

Call (850) 325-0004
For More Information.

Listing Information

  • MLS® #840315
  • Price $2,595,000
  • Bedrooms6
  • Bathrooms6.00
  • Full Baths5
  • Half Baths1
  • Square Footage2,891
  • Acres0.00
  • Year Built1990
  • TypeDetached Single Family
  • Sub-TypeDetached Single Family
  • StyleBeach House
  • StatusActive

Community Information

Amenities

  • ParkingSee Remarks
  • Has PoolYes
  • PoolCommunity, Private

Extra Amenities

Beach, Exercise Room, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, TV Cable Available, Deed Access, Fishing, Playground, Tennis, Waterfront

Utilities

Electric Available, Gas - Natural, Public Sewer Available, Public Water Available, TV Cable Available, Underground, Tap Fee Paid

Interior

  • FireplaceYes
  • FireplacesFireplace Gas
  • # of Stories2

Interior Features

Breakfast Bar, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Washer/Dryer Hookup, Window Treatment All, Lock Out, Renovated, Woodwork Painted

Appliances

Dishwasher, Disposal, Dryer, Refrigerator, Refrigerator W/Ice Maker, Smoke Detector, Stove/Oven Electric, Washer, Cooktop, Wine Refrigerator

Cooling

A/C: Two Or More, A/C: Central Electric

Exterior

  • ConstructionFrame
  • FoundationFoundation On Pilings

Exterior

Frame, Roof Metal, Foundation On Pilings, Roof Pitched, Siding Wood, Trim Wood

Exterior Features

Balcony, Fenced Lot-Part, Guest Quarters, Porch Screened, Shower

Lot Description

Covenants, Interior, Level, Within 1/2 Mile Of Water, Restrictions

Roof

Roof Metal, Foundation On Pilings, Roof Pitched

School Information

  • ElementaryBay
  • MiddleSeaside
  • HighSOUTH WALTON

Additional Information

  • Days on Website9
  • HOA Fees3604.00
  • HOA Fees Freq.Annually

Zoning

County, Residential Single Family

Listing Details

  • OfficeSeaside Community Realty Inc

Call (850) 325-0004
For More Information.

MLS®# 840315 is a 6 bedroom, 6.00 bath Detached Single Family located at 485 Forest Street St, in the SEASIDE 04 neighborhood of Santa Rosa Beach. This 2891 square foot Detached Single Family was built in 1990 and is currently priced at $2,595,000.

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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is 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.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2020, All rights reserved.

Listing information last updated on February 22nd, 2020 at 4:00pm CST.

DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is 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.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2020, All rights reserved.

Listing information last updated on January 4th, 2019 at 5:00pm CST.