Description
Welcome to "Making Memories on the Cape". Prominently placed in the gated luxury community of Secluded Dunes, this home is perched at 30 feet above sea level encompassing 56.8 feet of gulf frontage. This home offers resort-style amenities, breathtaking views and finishes, commercial quality construction by a respected and local builder, and is made all the more sublime by the architectural design of a 30A architect. Boasting 9 beds, 9 full and 2 half baths, this home is equipped to sleep up to 28 people, making this a great option for those with large families and for those seeking ROI. Completed at the end of 2021, this architectural masterpiece rivals all homes along the Emerald Coast, yet provides the tranquility and the serenity we long for! INVESTMENT ALERT: This property is on track to gross over $500k in revenues for 2024! Equating for 4 weeks of owner usage (40k income plus), this home realizes a 6% CAP Rate, which is nearly impossible for a waterfront home anywhere along the Florida Panhandle! Look for the proforma in the docs section of the listing. Here is a link to a virtual tour of this amazing property: Video:https://youtu.be/9cUjHADrHpI
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9BEDS
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0.43ACRES
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9BATHS
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21/2 BATHS
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5,625SQFT
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$978$/SQFT
School Ratings & Info
Description
Welcome to "Making Memories on the Cape". Prominently placed in the gated luxury community of Secluded Dunes, this home is perched at 30 feet above sea level encompassing 56.8 feet of gulf frontage. This home offers resort-style amenities, breathtaking views and finishes, commercial quality construction by a respected and local builder, and is made all the more sublime by the architectural design of a 30A architect. Boasting 9 beds, 9 full and 2 half baths, this home is equipped to sleep up to 28 people, making this a great option for those with large families and for those seeking ROI. Completed at the end of 2021, this architectural masterpiece rivals all homes along the Emerald Coast, yet provides the tranquility and the serenity we long for! INVESTMENT ALERT: This property is on track to gross over $500k in revenues for 2024! Equating for 4 weeks of owner usage (40k income plus), this home realizes a 6% CAP Rate, which is nearly impossible for a waterfront home anywhere along the Florida Panhandle! Look for the proforma in the docs section of the listing. Here is a link to a virtual tour of this amazing property: Video:https://youtu.be/9cUjHADrHpI
© 2023 Realtors Association of Franklin and Gulf Counties. 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 St. George Island Realty. Data last updated: 2023-12-04T19:44:22.743.