179 S County Hwy 393 #Building No. ONE

Santa Rosa Beach, FL 32459
$18,500,000
32450 sqft | #761578
For Sale

Description

Welcome to Pinewood 30-A, located at 179 South County Highway 393, Santa Rosa Beach, Florida. Pinewood is the newest gem of Walton County's Emerald Coast! This newly constructed 30-unit condominium building is an investor's dream, the vacation rental units are perfectly situated in one of the top destinations in the United States.This offering is for Building Number One only. Pinewood 30-A, Building One is a #30 unit, fully-furnished, turn-key, short-term rental property. The unit mix includes #2, 4 Bedroom/4 Bath units, #14, 2 Bedroom/2 Bath units, and #14 1 Bedroom/1 Bath units. The building plans and floor plans are attachedThese fully furnished turn-key units offer hassle-free rental management services including maid service and maintenance, making them ideal for the short term rental market. . White glove service in Northwest Florida, one of America's top short term/vacation rental markets. The community amenities include a heated pool, a full-service fitness center, 1,400 acres of walking trails Point Washington State Forest, and a shuttle service to the beach, making it an unbeatable vacation destination for renters.This exclusive 30-unit building will only be sold as a whole,so don't miss your chance to invest in a piece of this luxury South Walton development. The new homes sales team has already sold 28 individual units in the adjacent buildings, with pending sales inventory occurring each week.The Pinewood 30-A development, consisting of 126 condo units, is also located in a prime location south of Highway 98 and boasts a golf cart road and new bike sidewalk to the beach, backing onto Point Washington State Forest. Enjoy over 1,400 acres of recreation and trails in this serene and untouched natural setting.With furnished underserved long term rental opportunities, this investment offers flexible income streams for owners between short and long term rentals. And with a bulk sale purchase, all units can be sold over time, strategically timed to maximize future upside.The gated Pinewood project also enjoys a heated community pool and 29 acres of pine trees, adding to the exclusivity of this development. Located close to San Destin resorts with golf and tennis, world-class fishing, shopping and restaurants along 30-A, and sugar sand, emerald water beaches, this property is truly unbeatable.Don't miss out on this opportunity to own a fully furnished, rental ready, turn-key investment in one of Florida's fastest growing counties with over 5 million vacationers per year. Short term rental management company on-site, making ownership a breeze. Contact to grow your investments!Bright, modern decor and large closets with brand new GE upgraded stainless steel appliance package.The community has top of the line maid services, gorgeous heated community pools, and a fitness center.Located in pristine pine forest providing natural beauty while still within 1.3 miles to beautiful beaches.The developer has plans for Fine-dining restaurant, general store, and a coffee shop in the adjacent building.The seller's proforma supports a Net Operating Income of $1,505,000. Based on the sale price of $18,500,000, the Cap Rate equates to 8.14%. With a full-priced sale, the seller will guarantee the proforma rental income for the initial one year following the closing date. Financials, plans, upgrades, furnishing packages, and additional details are available upon request.
read more

  • Property Details
    • Property
      • Stories:4
    • Measurements
      • Square Feet:32450
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:2022
  • Community and Neighborhood Details
    • Community
      • Subdivision:Pinewood Preserve
    • Location
      • Elementary School:Van R Butler
      • Middle School:Walton
      • High School:South Walton
      • County:Walton
  • Financial Details
    • Pricing Details
      • Days on Market (Cumulative):22
    • HOA
      • Hoa fees:236996
  • Restrictions
    • Pets
      • Pets:Yes
  • Other
    • Source
      • MLS #:761578

Location

Legal

IDX information is provided exclusively for 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 not guaranteed.

Last Updated: . Source: CPAR

Listing Courtesy
Listing Agent: Chris S McCall
Listing Office: Counts Real Estate Group Inc

Central Bay Realty and Property ManagementReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

Selling & Buying

About

Contact

    Account

    • Roy F Furst

      Licensed Real Estate Broker

      Central Bay Realty

      Phone: (850) 257-5016

      Email: centralbayrealestate@gmail.com
      © 2024 Central Bay Realty & Property Management. All rights reserved.
      Website built by CloseHack.

      Copyright© 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

      IDX information is provided exclusively for 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 not guaranteed.