$264,900
3291 Scenic Highway 98, 309Destin, FL 32541
MLS# 825544
Status: Sold
1 beds | 1 baths | 730 sqft
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Property Description
AMAZING RENTAL INCOME! This 3rd floor condo produced $38,955 in rental income for 2018 and $22,238 in net income! An 8.2% ROI for a cash buyer. Most condos only generate $20k in rental income. See attached 2018 financial documents. Already completely booked for summer. #309 features fresh paint and carpet throughout and great views of the Gulf. Condo sleeps six with a king bed, bunk beds, and a new queen sleeper sofa. Grand Caribbean East is in the desirable Crystal Beach area which is next to plenty of shopping and activities. Listing agent has ownership interest.
Details
Maps
Documents
Status Change Info
Status: Sold
Under Contract Date: 2019-12-23
Sold Date: 2020-02-04
Sold Price: 260000
Sold Price/SqFt: 356.16
Contract Info
List Date: 2019-06-21
Current Price: 260000
List Price: 264900
List Price/SqFt: 362.88
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 14 - Destin
Street #: 3291
Street Name: Scenic Highway 98
Unit #: 309
State: FL
Zip Code: 32541
County: Okaloosa
Sub Area: 1404 - Destin Beach East
Project Name/Subdivision: GRAND CARIBBEAN EAST CONDO
Parcel ID: 00-2S-22-0521-0000-3090
Elementary School: Destin
Middle School: Destin
High School: Fort Walton Beach
Legal Description: GRAND CARIBBEAN EAST CONDO UNIT 309
General Property Info
Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 730
SqFt Source: County PA Records
Bedrooms: 1
Full Baths: 1
Total Bathrooms: 1
# Stories: 3
Stories In Unit: 1
Stories in Building: 3
Unit Floors Above Ground: 3
Year Built: 1995
Immediate Occupancy: Yes
Pool: Yes
Pool Type: Community
Listing Info, Tax & Legal
Homestead: No
Assessment Fees: Yes
Assessment Amount: 500
Assessment Paid: Monthly
Is Subject Leased: No
New Buyer Fee: Yes
New Buyer Fee Amt: 100
New Buyer Fee Paid: $
Last Taxes: 2018
Last Tax Year: 2030
Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.
As Is: No
Remarks & Misc
Remarks: AMAZING RENTAL INCOME! This 3rd floor condo produced $38,955 in rental income for 2018 and $22,238 in net income! An 8.2% ROI for a cash buyer. Most condos only generate $20k in rental income. See attached 2018 financial documents. Already completely booked for summer. #309 features fresh paint and carpet throughout and great views of the Gulf. Condo sleeps six with a king bed, bunk beds, and a new queen sleeper sofa. Grand Caribbean East is in the desirable Crystal Beach area which is next to plenty of shopping and activities. Listing agent has ownership interest.
Office/Member Info
Single Agent Comp: 2.5
Single Agent Comp Type: %
Trans Broker Comp: 2.5
Trans Broker Comp Type: %
Non-Rep Comp: 2.5
Non-Rep Comp Type: %
Property Features
Construction Status: Construction Complete
Waterview: Gulf
Parking Features: Guest
Project Facilities: BBQ Pit/Grill; Community Room; Dumpster; Picnic Area; TV Cable; Whirlpool
Construction/Siding: Roof Metal; Siding Vinyl; Trim Aluminum
Exterior: Balcony; BBQ Pit/Grill; Hot Tub; Pool - In-Ground
Interior: Floor Vinyl; Floor WW Carpet; Furnished - All; Newly Painted; Walls Wainscoting; Washer/Dryer Hookup; Window Treatment All
Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Washer
Utilities: Electric; Phone; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Storm Doors; Water Heater - Elect
Mstr Bdrm/Mstr Bath: MBath Tile; MBed Carpeted
Master Bedroom: First
Kitchen: First
Rooms: Dining Room; Kitchen; Master Bathroom; Master Bedroom
Financing: Conventional; Other
Fees Include: Ground Keeping; Internet Service; Master Association; Sewer; Trash; TV Cable; Water
Room Information
Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
Dining Room | First | 16 x 13 | 16.00 | 13.00 | Dining/Living Combo | 16 x 13 |
Master Bedroom | First | 13 x 10 | 13.00 | 10.00 | 13 x 10 | |
Kitchen | First | 8 x 6 | 8.00 | 6.00 | 8 x 6 | |
Master Bathroom | First | 9 x 5 | 9.00 | 5.00 | 9 x 5 |
Listing Office: Sea Dunes Realty
Last Updated: October - 07 - 2020
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Tuesday 21st of May 2024 08:14 PM
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