DEVELOPER TEST TENANT

2708 Scenic Hwy 98 36

Destin , FL 32541

MLS#: 987260

$895,000

Status: Active
Listing number: 987260
Listing provided by: Flatfee.Com
Listing agent phone: None
Last update: N/A
New on site 1 day ago
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CORAL REEF CLUB PH 1 - Residential

Property

Beds

3

Full Baths

2

1/2 Baths

1

Year Built

1985

Sq.Footage

1,180

Direct beach Front. One of the best run HOA's in Destin. Solid financials. The condo is GREAT rental! Comes with 2026 Rentals on the books! One of the most coveted buildings for owning and renting. It's a low-density resort--only 3 stories means fewer people on the beach! It has over 300 linear feet of PRIVATE beach and beach service provided by HOA. This is a turn-key, fully furnished, decorated, equipped and rental ready. It is fully renovated with all new ceramic wood-look tile throughout the main level, new kitchen, granite, New downstairs baths, new upstairs vanity, turnkey furnishings. Also notable, Coral Reef has completed all of its inspection on structural and balconies--fully inspected and repaired. Since this was all done and we paid the special assessments for this work, presumably the new buyers would be insulated from huge special assessments in the near future. Rented on a short-term basis for over 10 years. Over the past 5 years, it consistently grossed between $80-106K in gross rental income (rent-line only, no cleaning fees or taxes included in that figure!) Email or text me and I can send you a full, income and expenses report (including detailed rental history) for Coral Reef 36. Disclaimer. There have been a few updates in the furnishings since the photos were taken. Namely a few chairs have been replaced. Some personal items and artwork do NOT convey with the sale. Coral Reef Club is one of Destin's best kept secrets.

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    2

  • 1/2 Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    Outdoor Pool

  • View

    Water

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    N/A

Price

  • Sales Price

    $895,000

  • Sq. Footage

    1, 180

  • Price/SqFt

    $758

HOA

  • Association

    YES

  • Association Fee

    $1,781

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Destin

  • Middle School

    Destin

  • High School

    Fort Walton Beach

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Okaloosa

Elementary School

Destin

Middle School

Destin

High School

Fort Walton Beach

Listing Courtesy of Cliff Glansen , Flatfee.Com

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Agent EugenePontecorvo

Principal Broker

EugenePontecorvo

Call Eugene today to schedule a private showing.

(815) 780-9623

(815) 780-9623

[email protected]


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Direct beach Front. One of the best run HOA's in Destin. Solid financials. The condo is GREAT rental! Comes with 2026 Rentals on the books! One of the most coveted buildings for owning and renting. It's a low-density resort--only 3 stories means fewer people on the beach! It has over 300 linear feet of PRIVATE beach and beach service provided by HOA. This is a turn-key, fully furnished, decorated, equipped and rental ready. It is fully renovated with all new ceramic wood-look tile throughout the main level, new kitchen, granite, New downstairs baths, new upstairs vanity, turnkey furnishings. Also notable, Coral Reef has completed all of its inspection on structural and balconies--fully inspected and repaired. Since this was all done and we paid the special assessments for this work, presumably the new buyers would be insulated from huge special assessments in the near future. Rented on a short-term basis for over 10 years. Over the past 5 years, it consistently grossed between $80-106K in gross rental income (rent-line only, no cleaning fees or taxes included in that figure!) Email or text me and I can send you a full, income and expenses report (including detailed rental history) for Coral Reef 36. Disclaimer. There have been a few updates in the furnishings since the photos were taken. Namely a few chairs have been replaced. Some personal items and artwork do NOT convey with the sale. Coral Reef Club is one of Destin's best kept secrets.

2708 Scenic Hwy 98 36

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