This remarkable property, located just a short stroll away from beautiful beaches, presents a unique opportunity for the discerning buyer. Previously affected by Hurricane Michael, this home is now ready to be restored to its former glory. Key Features: Reconstruction Ready: All necessary demolition work has been completed,… Read More offering a blank canvas for your vision. Electrical systems, windows, ductwork, and much of the plumbing are already in place. Versatile Potential: Whether you aim to create a dream home or a lucrative investment property, this space is primed for transformation. Neighboring units are operating as short-term rentals, generating impressive annual revenues of approximately $65k. Substantial Equity: With an After Repair Value (ARV) of $850k to $900k and a local licensed contractor's estimated rehab cost of $250k, the next owner stands to gain significant equity once renovations are complete. Official Estimate: Detailed rehabilitation quotes are available in the listing documents, providing transparency and aiding in your renovation planning. Seize this rare chance to craft a coastal haven with Contact Information: For more details or to schedule a viewing, please contact Matt Wright at 850-227-8276. Read Less
Listing Snapshot
Days Online
49
Last Updated
Property Type
Condo/Townhouse
Beds
3
Full Baths
3
Partial Baths
1
Square Ft.
3,830
Lot Size
0.03 Acres
Year Built
2003
MLS Number
318294
Additional Details
Property Access
Road Frontage Type: "City Street", "State Road"
Appliances & Equipment
"None"
Building
Built in 2003, Building Area Total: 3,830, 4 stories, Architectural Style: "Beach House", Construction Materials: "Masonite"
Interior Features
"Needs Work"
Lot
0.0344 acres, 1,500 Square Feet, "Within 1/2 Mile of Water"
Parking
5 total parkings, "Covered", "Driveway", "Under House With Pad"
Information herein is deemed reliable but not guaranteed and 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. Listings last updated on .
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