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8436 Gulf Blvd

Navarre Beach, FL 32566
  • $385,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 612745
UPDATED: 70 min ago
$385,000
  • 1
    BEDS
  • 0.01
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 738
    SQFT
  • $522
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2006
County:

School Information

Elementary School:
Middle School:
High School:

Description

Wow! This well-appointed condo is performing well above similar units as a short term rental (2021 gross income was over $61,000, 2022 gross income (bookings through November 1 "blocked after) are $49,000). This 3rd floor condo's balcony has views of the Gulf and Santa Rosa Sound. It comes fully furnished and set up with everything you need to accommodate 6 guests comfortably. Granite kitchen counters and stainless steel appliances make this kitchen a pleasure. 1 (king) bedroom, hallway bunks and 2 twin pull out chairs in the living room as well as 2 full bathrooms make this unit a flexible favorite for guests. Custom arcade gaming console with 300 games for 2 players! Gulf beach access is directly across the street. **Seller can continue management after purchase for 10%** Complex improvements underway are balcony reinforcements, complete paint of exterior of all buildings, sealing of windows and all railings recoated. That is nearly $4M worth of improvements that the current owner is paying assessments for and new owners and their guests will enjoy. Building improvements are scheduled to be completed by November 1 so bookings are blocked after that, ready for new owner. Will consider cash offers or financed with at least 40% down with an approved lender to avoid beach financing pitfalls. Deposit is 8% of offer. This experienced owner/manager of 4 Navarre Short term rentals is offering to help the new owner continue the success of this unit by managing future bookings, cleanings and maintenance for 10%. Owner selling to upsize his investments. Rental history, bookings and expenses available upon request. Don't miss out on this one!

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© 2022 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2022-09-26T20:54:31.133.
www.gulfcoastbeachliving.com/homes/130977324
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8436 Gulf Blvd Navarre Beach, FL 32566

  • Price: $385,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 70 min ago
  • MLS #: 612745
1
Beds
2
Baths
0
½ Baths
0.01
Acres
738
SQFT
$522
$/SQFT
2006
Built
Neighborhood:
Gulf Island
County:
Santa Rosa
Area:
Navarre Beach
Elementary School:
Holley Navarre
Middle School:
Holley Navarre
High School:
Navarre
Property Description
Wow! This well-appointed condo is performing well above similar units as a short term rental (2021 gross income was over $61,000, 2022 gross income (bookings through November 1 "blocked after) are $49,000). This 3rd floor condo's balcony has views of the Gulf and Santa Rosa Sound. It comes fully furnished and set up with everything you need to accommodate 6 guests comfortably. Granite kitchen counters and stainless steel appliances make this kitchen a pleasure. 1 (king) bedroom, hallway bunks and 2 twin pull out chairs in the living room as well as 2 full bathrooms make this unit a flexible favorite for guests. Custom arcade gaming console with 300 games for 2 players! Gulf beach access is directly across the street. **Seller can continue management after purchase for 10%** Complex improvements underway are balcony reinforcements, complete paint of exterior of all buildings, sealing of windows and all railings recoated. That is nearly $4M worth of improvements that the current owner is paying assessments for and new owners and their guests will enjoy. Building improvements are scheduled to be completed by November 1 so bookings are blocked after that, ready for new owner. Will consider cash offers or financed with at least 40% down with an approved lender to avoid beach financing pitfalls. Deposit is 8% of offer. This experienced owner/manager of 4 Navarre Short term rentals is offering to help the new owner continue the success of this unit by managing future bookings, cleanings and maintenance for 10%. Owner selling to upsize his investments. Rental history, bookings and expenses available upon request. Don't miss out on this one!
Exterior Features

Architectural Style Traditional Carport YN No Construction Materials Block Exterior Features Balcony Foundation Details Pillar/Post/Pier Garage YN No Levels One Lot Features Interior Lot Parking Features Parking Lot Pool Features In Ground Roof Metal View GulfSound View YN Yes

Interior Features

Appliances Electric Water HeaterDryerWasherBuilt In MicrowaveDishwasherOven/CooktopRefrigerator Cooling Central AirCeiling Fan(S) Cooling YN Yes Flooring Tile Furnished Furnished Heating Heat Pump Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features Inside Room Bedroom Level First Room Dining Room Features Breakfast BarLiving/Dining Combo Room Kitchen Features UpdatedGranite Counters Room Kitchen Level First

Property Features

Association Fee 4560 Association Fee Frequency Annually Association Fee Includes AssociationCable TvMaintenance GroundsInsuranceTrash Association YN Yes Building Area Total 738 Building Name Gulf Island Community Features Pool Electric Circuit Breakers Homestead No Land Lease YN Yes Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Condo Rent Restrictions No Road Responsibility County Maintained Road Sale Rent For Sale Sale Subject To Lease No Sewer Public Sewer Water Source Public Zoning Description Res Multi

Listing provided by Coldwell Banker Realty: 850-684-1003.


© 2022 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2022-09-26T20:54:31.133.
 
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