Bought with Matthew Jones • KELLER WILLIAMS REALTY GULF COAST
$734,200
$649,900
13.0%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,817 SqFt
SOLD DATE : 10/08/2021
Key Details
Sold Price $734,200
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,817 sqft
Price per Sqft $260
Subdivision Oriole Beach
MLS Listing ID 595356
Sold Date 10/08/21
Style Traditional
Bedrooms 4
Full Baths 4
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1940
Lot Size 0.510 Acres
Acres 0.51
Property Description
Attention STR Investors, this property is a cash flow monster! Located across the street from the Oriole Beach Boat Ramp and only 6.5 miles to Pensacola Beach, this home consist of 3 Airbnb units in the 2817 sq ft main house, 1 Airbnb unit in the 889 sq ft detached pool house, a huge 3 car metal garage, a large in ground salt water pool, a new hot tub, and amazing outdoor space for entertaining! This incredible investment opportunity brought in over $165,000 in rental income over the last 12 months and has the potential to bring in over $225k when the main unit is put back into service. The center unit in the main house was damaged by wind driven rain during Hurricane Sally and has been professionally remediated. It's currently down to the studs and ready for you to make it amazing! This property is being sold completely furnished and ready to produce income for the new owner from day 1. Guests love this property and have given the three units currently in operation an average of 4.81 on over 140 reviews on Airbnb alone! This property is also listed on VRBO and Trip Advisor. Additional features you will love include solar panels that help keep the electric bill low even in the summer, a nema plug to charge electric cars, a UV light system to keep the HVAC system clean and efficient, a fenced back yard, tons of outdoor space and activities for guests to enjoy and a half acre corner lot. Additional details are available including financial information and links to the 3 active Airbnb listings. Offers will be reviewed Friday 8/27 at noon.
Location
State FL
County Santa Rosa
Zoning Res Single
Rooms
Other Rooms Guest House
Dining Room Eat-in Kitchen
Kitchen Remodeled
Interior
Interior Features Guest Room/In Law Suite
Heating Multi Units, Central
Cooling Multi Units, Central Air, Ceiling Fan(s)
Flooring Tile, Simulated Wood
Fireplace true
Appliance Water Heater, Electric Water Heater, Dryer, Washer
Exterior
Exterior Feature Balcony, Fire Pit
Garage 3 Car Garage, Guest, Side Entrance
Garage Spaces 3.0
Fence Back Yard, Privacy
Pool In Ground, Salt Water
Waterfront No
View Y/N No
Roof Type Metal
Parking Type 3 Car Garage, Guest, Side Entrance
Total Parking Spaces 8
Garage Yes
Building
Lot Description Corner Lot
Faces East on 98, South on Oriole Beach, East on Bay St
Story 2
Structure Type Frame
New Construction No
Others
Tax ID 312S282980003000250
Special Listing Condition As Is
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