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ENTERED FOR COMP PURPOSES. Positioned along the pristine shores of the premier WaterSound Beach community, this one-of-a-kind GULF FRONT haven presents the epitome of coastal elegance. A four-bedroom primary home and a two-bedroom guest house encompass nearly 6,200 square feet of impeccably designed interior spaces while a spacious outdoor courtyard offers a private pool, spa, and lounge area with firepit. From the moment you enter the residence, the meticulous quality of construction is apparent with luxurious finishes throughout including Venetian plaster walls, pecky cypress cabinetry and walls, custom millwork, beamed ceilings, brick accent walls, custom tiled bathrooms, hidden closets and so much more. The first level of the home offers the ultimate gathering space with a secondary living room with multiple seating areas, a gorgeous pecky cypress bar with Asko dishwasher, icemaker, and a Sub-Zero miniature refrigerator. There are also a guest suite with ensuite bathroom and a bunk room with four built-in bunks and an ensuite bathroom. Open and screened porches provide additional spaces to enjoy on the first floor. Ascend to the second level via the custom staircase or elevator for added convenience. This grand space encompasses the primary living spaces with a gourmet kitchen, wine room, living room, dining room, and a spacious covered porch with summer kitchen and fireplace. Highlights of the kitchen include marble counters, custom cabinetry, a Cove dishwasher, Wolf gas range with hood, and Sub-Zero refrigerator and freezer while the wine room offers built-in storage, a Sub-Zero wine fridge, beverage center and icemaker. An elegant guest suite with ensuite bathroom is also located on the second floor plus a powder room. Connected to the main house via a unique glass catwalk is the sizable guest home. It includes a sitting area, two bedrooms and a full bathroom. On the third level, find the primary suite with spectacular views across the breathtaking natural sand dunes of WaterSound Beach. A separate sitting area, pecky cypress walls, incredible ensuite which includes a television in the mirror, built-in office, morning bar with Sub-Zero wine refrigerator and icemaker, and private porch with gulf views make this a truly luxurious owner's retreat. On the top floor, find the crowned jewel with a cozy sitting area with pecky cypress walls and ceilings and exterior porch all with magnificent Gulf views. Follow a wooden boardwalk winding through picturesque dunescape directly to the beach from this residence. Outstanding community amenities including swimming pools, a puttering park, community green space, and a state-of-the-art fitness center are steps away. This stunning gulf-front home is a masterpiece of design, seamlessly blending modern sophistication with the natural beauty that defines the 30A Gulf Coast and offers a one-of-a-kind opportunity for the most discerning buyers.
#1006542

Watersound

118 Shingle Lane

5 Beds

6 Baths

6,173 Sq.Ft.

$13,998,000

MLS#: 1006542

Aptly named ''Seagrove Seawalk,'' this new construction retreat characterizes coastal Gulf front living with exceptional architectural & design details curated by the renowned creative team at Old Seagrove Homes featuring resort style amenities including two private gulf front pools with an unparalleled western facing rooftop oasis. This new construction home has just commenced with a targeted completion date in early 2023; an excellent opportunity for a prospective buyer to be involved throughout the building process and secure a semi-custom home. Notable features include prominent gulf front positioning in the heart of Seagrove Beach situated on a quiet cul-de-sac just south of 30A providing walking distance to the new urbanism town of Seaside as well as a short drive to world class restaurants, boutique shopping and local entertainment. Beautiful parapet walls scaling an impressive four story vertical footprint define this exemplary structure which offers over 6,608 heated and cooled squared feet inclusive of six spacious bedroom suites, six full bathrooms & three half baths. The inverted floor plan has been intentionally designed to maximize endless gulf vistas with a spacious third floor living room & chef's kitchen framing beautiful water views through floor to ceiling impact rated glass windows & doors. This home is designed for multiple generations to gather and enjoy ample entertaining space with living areas positioned on three of the four spacious levels. The first floor is defined by a large master suite adjacent to the covered pool area and outdoor living space allowing direct access to the beach and perched at over 25' above sea level. The first level also offers a sizable private parking court in addition to the oversized two car garage. The second floor yields three large bedrooms each with adjoining spa-like bathrooms and walk-in closets with abundant gulf views from the two south facing suites. The third level was designed for entertaining featuring a well equipped chef's kitchen open to a sprawling living and dining room that faces directly towards the Gulf of Mexico. The fourth level rooftop bedroom suite is the pinnacle of gulf front living featuring gorgeous views over the plunge pool that abuts floor to ceiling glass windows with an exceptional ensuite bathroom complete with dual vanities and an oversized walk-in shower & private water closet. Each level is accessible by a private elevator including the rooftop terrace which boasts a southwestern orientation to soak in year round sunsets while yielding private sunbathing, panoramic views and a secondary rooftop pool. Seagrove Beach embodies a charming old Florida lifestyle with close proximity to Watercolor, Seaside as well as a short drive to Watersound, Camp Creek Golf Club and the extraordinary communities along the east end of 30A.
#872993

Santa Rosa Beach

199 Sea Walk Circle

6 Beds

6 Baths

6,608 Sq.Ft.

$13,995,000

MLS#: 872993

Extraordinary new construction with prolific architectural styling situated on 50' of premium gulf frontage adjacent to Alys Beach and Kaiya in the heart of east 30A. This sprawling compound is characterized by a coastal modern design exceptionally rendered by Chris Stoyles at Archiscapes with interiors curated by Cronk Duch out of West Palm Beach, FL featuring notable upgrades including an impressive four story vertical footprint taking full advantage of unparalleled gulf front vistas as well as a sizable gulf front pool perched at over 30' above sea level offering a optimal privacy and serenity. The property boundary for this home (50' x 400') extends from 30A to the mean high waterline of the Gulf of Mexico and is designed to be a compound with a sprawling vertical layout to maximize extensive gulf views from four finished levels. This home was curated for primary or secondary living situated on a strategically chosen homesite within walking distance of Alys Beach & Kaiya Beach Resort offering an immense array of private amenities and seclusion that is rarely available on 30A. Notable features include an oversized two car garage with a double height ceiling to accommodate multiple vehicles & additional storage per stall, oversized private parking court and adjoining carriage house as well as ample indoor and outdoor living spaces including a first floor bar & suspended glass encased wine cellar as well as an adjacent living room framed by floor to ceiling glass windows (12' ceilings) overlooking a private resort style pool with endless views of the emerald green waters of the Gulf of mexico. Once completed, this home will boast a lush, courtyard entryway characterized by gas lanterns and sleek contemporary styling with primary living on the second floor of this home which is accessible from the glass encased elevator with 10' sheets of glass allowing for views as it ascends to each floor. The suspended glass & steel floating staircase also ascends three finished stories with rooftop views that are 80' above the water allowing for panoramic vistas from Destin to Panama City. This property is comprised of 9 bedroom suites including one custom bunk room, nine full bathrooms and one half bathroom all of which is situated on almost half an acre of land. Each floor features it's own separate living area including an adjoining carriage house which offers a home theatre and separate guest suite. Other notable features include reclaimed french oak flooring by Thierry Francois & Co with spanish limestone on the first level and outdoor pool deck, ipe brazilian hardwood on the exterior decking, whole home fire suppression system, poured concrete parapet walls as well as highly detailed finishes & wood detailing throughout. The chef's kitchen is beautifully designed with a Francois & Co custom hood vent, suspended glass shelving, 48" Wolf (gas) range and SubZero refrigeration as well as a separate scullery with ample storage & additional appliances including a built-in Wolf coffee maker and secondary dishwasher. 8854 E Co 30A is prominently located near Camp Creek Golf Course, Alys Beach and Rosemary Beach on the eastern end of 30A providing easy access to the ECP Northwest Florida Beaches Airport as well as all of the world class shopping and dining that south walton county has to offer.
#873317

Inlet Beach

8854 E Co Highway 30A

9 Beds

9 Baths

7,784 Sq.Ft.

$13,995,000

MLS#: 873317

Latitudes & Attitudes is the quintessential Alys Beach home. This premier, double lot property resides at the corner of the famed South Charles & Sea Garden Streets lending itself to one of the most dramatic elevations Alys Beach offers. The entry gate opens to a breathtaking courtyard canopied by the majestic Mejool Date Palms with sofas beneath to enjoy the fireplace by night. Entering the home's first floor welcomes you to a secondary family room opening to both the North & South courtyards. The North courtyard yard with private pool allows for complete privacy for swimming & sunning. The secondary family room is a gathering space to accommodate the four guest suites at this level. Each of the 4 bedrooms host en suite bathrooms plus one of two powder rooms. Each bedroom is outfitted with its own custom furnishings & design elements. Ascending to the 2nd floor by way of the open staircase brings you to the main living level framed by reclaimed beams set to the apex of the vaulted ceiling. The 2nd floor features views of the Gulf of Mexico from most locations sharing accents of the Medjool Date Palms. The living areas are flooded by natural light cascading through the floor to ceiling windows & transoms making for a peaceful setting. The living room opens to dual balconies each having sights of the Gulf. Seating to accommodate family & guests is plentiful. The living area transitions to the dining room & kitchen centered by the professional kitchen's double island capped with Calacatta Marble. All chilling appliances are Sub-Zero featuring a La Cornue gas range. Exquisite & extensive cabinetry & hardware provides use of a professional chef for entertaining if desired. The North to South alignment of the kitchen & dining room opens to the dining terrace with all 3 locations having Gulf views. The sliding doors create connectivity to the terrace providing additional entertaining space for outdoor dining & grilling capturing the gentle Gulf breezes. The main living terrace boasts a summer kitchen with fireplace & television to be consistent with Alys Beach's iconic indoor & outdoor living concept. Dine outside while watching the sunset sink on the Gulf of Mexico. Sitting above the outdoor terrace is a 3rd story room further emphasizing the livability of the home having its own balcony suspended above the Town. This space is currently designed as the owner's office that can easily transition to a media room. Views of the Gulf and the architectural roofscapes of the Town are stunning from this location. Separate from all is the beautifully appointed Master Bedroom private from the other living areas. This is truly a space of retreat with private balcony, sitting area, and workspace which captures the landscaping below of the courtyard, water views to the South. His & her closets are generous with custom cabinetry separating the bedroom to bath. Designer inspired material selections in white palette soften the bathroom to be spa like. Lastly, and unique to Alys, is the carriage house having a private bedroom plus separated bunkroom. The carriage house is perfect for extended guest visits designed with a full kitchen, dining, & living rooms. The carriage house sits atop the 3 car garage which has additional parking for 3. This feature is the only of its kind in Alys. This Domin Bock Architects design is an architectural masterpiece lending itself to full time residency. This property is a must see.
#881680

Inlet Beach

13 Shinbone Court JJ6-7

6 Beds

5 Baths

7,173 Sq.Ft.

$13,895,000

MLS#: 881680

Sitting atop Blue Mountain Beach overlooking white sand coastal dunes, this beachfront home reflects the prestige of 30A's most desirable community, The Retreat. Deeded to water's edge, meticulous construction, ''smart home'' features, and year-round outdoor living make this an exceptional opportunity. South facing, this one-of-a-kind home offers uninterrupted 180-degree views to Destin and Panama City Beach. A whimsical entry door opens onto a sunlight-filled main floor highlighted by a grand staircase. This exquisitely fully-furnished masterpiece accentuates a light, bright interior while hardwood flooring and wood beams bring warmth throughout the living and bedroom spaces. Indoor and outdoor spaces are seamlessly joined by stone flooring. Four floors, five bedrooms and six-and-a-half baths are all easily accessed by elevator. The Dawn Thurber design flows effortlessly from one space to the next, providing a sense of peaceful sanctuary. A Control4 whole-house system manages heating and cooling, lighting and in-ceiling stereo filling rooms with convenience and music. A new copper roof was installed in 2020 and a complete exterior repainting completed mid-2023. The house is protected by an ultra-rare beach armoring system hidden under the dunes. Sitting 30+ feet above sea level and protected by its seawall, this home offers generations of serenity. A geo-thermal heating and air system adds to the value of this beautiful Gulf-front masterpiece. The recently renovated outdoor living space has a full summer kitchen and state-of-the-art mechanical pergola offering outdoor fun, rain or shine. A newly constructed home theater with Bang & Olufsen surround sound ensures endless entertainment. Multiple gulf-front bedrooms, including the primary, provide unparalleled living experiences, waking up to majestic sunrises and the sounds of lapping waves. Private balcony spaces and expansive outdoor relaxation areas encourage you to simply connect with the Gulf of Mexico. Offered turnkey including a Moke LSV, kayaks, paddle boards, and fishing gear this 5,500+-square-foot property delivers a lock-and-go experience rarely found in a beachfront offering. The Retreat features 3,000 feet of private gulf frontage, a world-class beach club, gated and guarded entry, direct access to Draper Lake for watersports, and a natural buffer courtesy of the State Park. Known as the most private community on 30A, residents enjoy exclusive beach chair and umbrella service, patrolled security and multiple community entertaining spaces, enhancing an idyllic ownership experience beyond compare.
#944429

Santa Rosa Beach

36 E St Lucia Lane

5 Beds

6 Baths

5,523 Sq.Ft.

$13,750,000

MLS#: 944429

Tucked into the high alpine wilderness of Montana, this One&Only Moonlight Basin Private Home is a singular architectural statement—where modern luxury meets the wild serenity of Big Sky. Designed with remarkable precision and purpose, the residence captures the essence of refined mountain living, seamlessly blending into its landscape of towering evergreens and panoramic peaks. This six-bedroom retreat spans an elegant, thoughtfully designed layout that balances intimate comfort with dramatic open living spaces. Soaring windows flood the interiors with natural light and frame breathtaking mountain vistas, while natural materials, sculptural fireplaces, and rich finishes echo the rugged beauty just beyond the glass. The indoor-outdoor connection is at the heart of this home’s design. Spacious terraces and private outdoor lounges invite you to entertain, unwind après-ski, or simply take in the stillness of the Montana sky. Whether gathering around the fire after a day on the slopes or enjoying a quiet summer evening beneath the stars, this is a home that offers space to reconnect—with nature, with loved ones, and with yourself. Ownership within One&Only Moonlight Basin comes with access to an unparalleled suite of amenities: world-class dining, a holistic spa and wellness sanctuary, and expertly curated outdoor adventures, all delivered with the personalized, intuitive service that defines the One&Only brand. This is more than a home—it is a rare legacy property set within one of the most awe-inspiring landscapes in North America. A place where architecture and nature exist in perfect harmony, and where every detail has been designed to elevate your experience of mountain life. The purchase price includes a custom Olson Kundig-designed furnishings package. All furnishings have been approved by One&Only Moonlight Basin, making the residence eligible for participation in the One&Only rental program at the owner's discretion. Artwork is excluded from the sale.
#401005

Big Sky

#5 One&Only Private Home

6 Beds

1 Baths

4,754 Sq.Ft.

$13,525,000

MLS#: 401005

Fantastic opportunity in Alys Beach! New construction with Gulf Views!!! 4BR/4.5BA with additional bunks and an option for an elevator. Large open floor plan optimizing the views. A separate study useful for work or cocktail hour. Relax on the second floor pool terrace. Amazing third floor terrace off the primary suite. Steps to the owners' only Alys Beach Club. Take advantage of the moment and customize a south side home to be completed within 12 months! Property available to purchase as is for immediate ownership benefits, Completed price upon request. Domin Bock Architects. Koast Construction. Estimated completion Summer 2026.
#995821

Alys Beach

127 Elbow Beach Road

4 Beds

4 Baths

5,083 Sq.Ft.

$13,500,000

MLS#: 995821

South of 30A Custom Homesite UU8 brings to market to purchase a stunning newly built home on highly desirable homesite. UU8 fronts on Elbow Beach Road and is a unique corner condition with a pedestrian path on the western boundary. The design code allows for a partial third floor conditioned space with terrace to take full advantage of Gulf views and sunsets. Domin Bock Architects has designed an exceptional home, complete with 5 bedrooms, bunk room, 6 full baths and 1 half bath and a large pool in the west-facing courtyard. An elevator includes the third floor, which is the showpiece of this home, housing the master suite and a guest bedroom, both of which open directly to a spacious terrace. The beautiful fixture and finish selections for this home ensure it will be a masterpiece.
#967816

Inlet Beach

77 Elbow Beach Road

5 Beds

6 Baths

5,108 Sq.Ft.

$13,500,000

MLS#: 967816

Reigning atop the dunes of Seacrest Beach, this iconic Gulf-front estate affords unprecedented coastal living. This new construction home is prominently situated between Camp Creek Lake and Alys Beach along 30A in Northwest Florida. This one-of-a-kind manor showcases a coastal design vision brought to life with the highest quality materials and finishes. Overlooking one of the most sought-after beaches in the US, the breath-taking views of the sugar white sands and the emerald green hued waters can be enjoyed throughout all three levels of the home. A perfectly planned floor-plan paired with exquisite design creates an unparalleled experience of seaside living. The immaculate and stately presence is appreciated upon initial approach. The front elevation is moored by a courtyard bordered with lush landscaping and a serene water feature connecting the outdoors to both the main home and carriage house. Upon entry, visitors are greeted by the grand foyer. On the ground level of the home you will locate a recreation room, fully equipped theater, oversized bunk room, junior bedroom suite, powder bath and the first of three laundry facilities. The striking stairwell provides ample natural light which highlights the tumbled white coral stone flooring on the ground level while granting access to the main level of the estate. Views of the water immediately attract attention as you traverse into the expansive great room. The chef's kitchen is situated on the northern end of the great room. Natural quartzite countertops, luxury gas range, built-in refrigeration, sprawling double islands and a spacious dining space complete the main areas of the kitchen. A scullery is located behind the cooking area for preparation and storage while entertaining. The fully equipped wet bar is situated between the kitchen and dining space. The living space is anchored by a grand fireplace and natural oak beams on the ceilings. A powder bathroom and two additional guest suites are located on this level. Navigate through the great room to the thoughtfully configured outdoor living area showcasing a private pool, spa, fully equipped summer kitchen, an abundance of porch space, and a private beach walkover with access to the expansive beach frontage. The third level is home to a sprawling primary suite with sleeping quarters, a large closet, and an impressive ensuite bathroom showcasing exceptional water views. The heart of the third floor is home to a cozy living area providing a retreat for the evenings before going down for the night. Two additional guest suites and the second laundry facility complete the third level. The carriage house is equipped with a full-service kitchen, dining area, living area, stackable laundry and two more fully appointed guest suites. This space is perfect for your guests who desire a bit more privacy. This home epitomizes the luxury lifestyle of 30A while still being geographically poised minutes from the surrounding new urbanism communities of Seaside, Watercolor, Alys Beach and Rosemary Beach. Inquire today and start living the coastal lifestyle you deserve.
#960526

Inlet Beach

8002 E Co Highway 30A

9 Beds

9 Baths

8,800 Sq.Ft.

$13,495,000

MLS#: 960526

Situated in the untamed wilderness of Montana, this One&Only Moonlight Basin Private Home showcases beautifully designed interiors that blend effortlessly with the surrounding landscape of forests and peaks. The five-bedroom residence spans 4,428 square feet across three levels, offering a refined sense of space and privacy. Representing some of the most exceptional living in all of Big Sky, this contemporary home features floor-to-ceiling windows, roaring fireplaces, and timeless finishes throughout. Surrounded by evergreen forests and snow-capped mountains, this expansive retreat provides an idyllic setting for family and friends to gather, unwind, and rejuvenate after a day of adventure in the great outdoors.
#408888

Big Sky

#36 One&Only Private Home

5 Beds

1 Baths

4,428 Sq.Ft.

$13,300,000

MLS#: 408888

Subject property consist of a 130.96 acres abutting rail system spanning the Florida Panhandle, South Alabama, Mississippi, Louisiana, and Texas. Subject property is adjacent to a 550 acre vacant land tract that is zoned R-1 and Mixed Use to the west, and the Shoal River Giga Site known as the State of Florida's largest Industrial Park to the east.
#969332

Crestview

0 NE 0 90 Highway

None Beds

None Baths

131.0 acres

$13,100,000

MLS#: 969332

Exceptional architectural and design curated by renowned Atlanta architect, Summerour and Associates, this stunning 4,446 square foot home boasts 70 feet of private Gulf frontage and is located in the heart of Seagrove Beach just a few blocks east of Seaside. The home features exquisite detail and finishes such as Italian stone floors, pecky cypress doors and an elegant custom-made staircase. This luxurious coastal property features 4 spacious bedrooms each with ensuite bathrooms, 2 additional half baths and a laundry room on both floors. The master bedroom offers unobstructed Gulf views, private study, roof terrace, and lavish master bathroom with walk-in closet and dressing area. Gourmet chef's kitchen is complete with marble countertops, custom cabinets and a commercial stove. Outdoor oasis features a private beachfront pool and spa, both covered and open outdoor areas with plenty of room to lounge, an outdoor cooking area and shower. Home comes with a state of the art Audio Visual system including Control 4 and each room has its own heating/air thermostat control. The home has not been rented and the study could be converted to a 5th bedroom.
#897195

Santa Rosa Beach

2580 E County Hwy 30A

4 Beds

4 Baths

4,446 Sq.Ft.

$13,000,000

MLS#: 897195

Discover the epitome of modern coastal luxury with this breathtaking gulf front property, meticulously crafted and reimagined by A BOHEME Design and Galvas Construction. Located on an expansive 152.5 feet of pristine gulf frontage, this stunning home offers a rare opportunity to own a piece of paradise in one of the most coveted locations. With .66 acres at your disposal, this legacy property has room to grow! This exquisite residence features four bedrooms and four and a half bathrooms, spread across approximately 2,700 square feet of elegantly designed living space. The one-level floor plan boasts expansive gulf views from three bedrooms, the kitchen, dining and the living area, allowing you to wake up to the serene sight of the Gulf every day. The interiors, curated by Tony Cappoli, exude sophistication and comfort, creating an inviting and elegant atmosphere throughout the home. The gourmet kitchen is a chef's dream with JennAir appliances, custom cabinet front appliances, including an ice maker, dishwasher, and wine fridge, perfect for entertaining guests. Outdoor living is at its finest with extensive covered porch space, providing the ideal setting for dining, relaxation, and soaking in the stunning sunsets over the Gulf. Direct access to the beach ensures that the white sands and crystal-clear waters are always just steps away. With two separated garage spaces and driveway parking for over ten vehicles, accommodating guests and family is effortless. This property underwent a comprehensive renovation project, leaving no stone unturned. Everything from windows and doors to the roof and concrete footers has been replaced, ensuring a brand-new, state- of-the-art living experience. Situated further seaward of the Coastal Construction Control Line (CCCL) than surrounding properties, this home offers unparalleled panoramic views and a unique vantage point that is truly one-of-a-kind. This gulf front gem represents the perfect blend of modern luxury and timeless design, making it an ideal retreat for those seeking a serene lifestyle. Whether you are looking for a permanent residence, a vacation home, or an investment property, this home offers an unparalleled living experience. Embrace the beauty, tranquility, and prestige of this exceptional property. Contact us today to schedule a private showing and take the first step toward owning your dream home on the Gulf.
#985162

Inlet Beach

8276 E Co Highway 30A

4 Beds

4 Baths

2,665 Sq.Ft.

$13,000,000

MLS#: 985162

Experience the epitome of coastal luxury living with this extraordinary 6-bedroom, 6.5-bathroom sanctuary, poised to generate over $650k in rental income. Embraced by 100 feet of pristine beach frontage on a generous .5-acre lot, this haven promises an unparalleled escape. Upon entry, be greeted by a grand foyer leading to an expansive first floor, boasting a game room replete with a game table, foosball table, ping pong table, arcade, and shuffleboard, ensuring endless entertainment. Adjacent, find solace in the in-home fitness center equipped with workout amenities and on-demand workouts, or retreat to the oversized garage, accommodating all your storage needs. Ascend to the second floor, the heart of the home, where an open floor plan seamlessly connects the kitchen, dining, and expansive living areas. The gourmet kitchen, adorned with premium appliances and a spacious island, invites culinary delights, while two primary bedrooms with ensuite bathrooms offer unparalleled retreats. Relax in the spacious media room or step outdoors to the Gulf-facing patio, featuring an outdoor dining area, kitchen, gas grill, and the pièce de résistancea stunning pool area boasting a sprawling deck, heated infinity pool, and rejuvenating hot tub. Venture to the third floor, where three additional primary bedrooms, each with ensuite bathrooms, await alongside an additional bunk room, ensuring ample accommodations for all. Then, proceed to the fourth floor, where two additional bunk rooms complete this coastal masterpiece. With parking for six vehicles and proximity to local attractions, this property transcends mere accommodationit offers a gateway to an extraordinary coastal lifestyle. Contact us today for rental projections & cost-to-own figures.
#961396

Miramar Beach

138 W Beach Drive

6 Beds

6 Baths

7,768 Sq.Ft.

$12,995,000

MLS#: 961396

Price Improvement-Riviera Ridge Townhomes enjoys a central Valparaiso location close to Eglin Air Force Base, Northwest Florida State College and various employment, entertainment and dining opportunities. The Property is located just off of John Sims Parkway, the main artery through Valparaiso, leading from Niceville to Eglin AFB in southern Okaloosa County. Riviera Ridge Townhomes contains 84 rental units built in two phases. Initially, Phase I was constructed in 1984 and Phase II was completed in 1986. The complex is comprised of 22 rental buildings, 1 one story maintenance shop and 1 one story office building distributed over 8 acres. The buildings are wood frame construction, with a brick veneer, in an array of exterior styles. Riviera Ridge Townhomes provides a favorable unit mix of 15 one bedroom units and 69 two bedroom units. Units range in size from 725 to 875 square feet, with one bedroom units currently renting for $1,195/month and two bedroom units currently renting for $1,295/month. All apartments include fully appointed electric kitchens and private patios. There is also an on-site central laundry facility that generates additional income. The property's Tenants pay all utilities for their respective residence. Riviera Bay Townhomes, a 36 Door sister property is also available for purchase with Riviera Ridge Townhomes as a package deal only and brings the total number of doors to 120. An assumable mortgage and some very attractive seller financing are also available respectively for both of the properties. The current ownership has been operating the property since 2011 and has made many upgrades during that time. Over 90% of the HVAC systems have been converted to efficient 410A systems and the majority of water heaters and appliances have also been replaced. The parking lots have been sealed and striped multiple times, with the last occurrence in 2022. The property enjoys a peaceful setting surrounded by newly built singe family homes and natural areas. The large oak trees and underground utility services encourage residents to enjoy the generous common areas with friends and family. This property is well constructed with low maintenance brick/vinyl siding and will be desirable for years to come. Northwest Florida, also known as the Florida Panhandle, is a 16-county region that extends along the Gulf of Mexico from Pensacola, on the western border of Florida, to just east of Tallahassee. The region occupies a unique geography in Florida, abutting the southern borders of both Georgia and Alabama, as well as the northwestern boundary of the Florida peninsula. The 16-county region includes nearly one-quarter of Florida' s 67 counties and approximately 20% of the state' s land mass. The local military bases and Northwest Florida State college supplement the local apartment market in Okaloosa and Walton counties. The area also has a strong tourist trade that draws up to 4 million annual visitors. The location near the Gulf of Mexico is very desirable for families to vacation and retirees to relocate here. The largest US Air Force base in the world, Eglin AFB, owns and protects a large land area used for test ranges. The Niceville/Valparaiso sub-market of Okaloosa County has experienced tremendous growth in the past 10 years. The military presence continues to grow and the expansion of the nearby Northwest Florida State College drive demand for quality rentals. This is one of the largest privately owned rental communities in the immediate sub-market. The shortage of buildable land ensures a high barrier to entry for any new supply of rental communities within a 5 mile ring around the subject property. Financial packets for both of the properties are available upon request.
#922448

Valparaiso

500 Kelly Mill Road

None Beds

None Baths

N/A

$12,950,000

MLS#: 922448

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