9661 Navarre Pkwy Pending Save Request In-Person Tour Request Virtual Tour
Navarre,FL 32566
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,129 sqft
Price per Sqft $489
MLS Listing ID 649118
Full Baths 3
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1955
Lot Dimensions 229x400
Property Description
***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some of the improvements include: Brand new lift station serving the 6 cottages, full new plumbing work and fixtures, walk in showers added, new sewer line into the cottages, all new wiring including panels and meters, roofs and trusses replaced, HVAC systems, impact windows, luxury vinyl floors, quartz countertops, appliances, the list goes on and on. Last year rental income was $145k with four of the cottages renovated, now all six of the are completed and now being rented. Currently the owner does not do same day turnovers and does not rent during the winter months so more rental income could be generated. The main home could also be rented out, lived in, or provide housing for an onsite manager. Properties like this simply do not come around very often!
Location
State FL
County Santa Rosa
Zoning Res Multi
Interior
Heating Central
Appliance Electric Water Heater
Exterior
Waterfront Yes
Waterfront Description Sound,Waterfront,Beach Access,Block/Seawall
View Y/N Yes
View Sound
Roof Type Metal
Building
Faces From Hwy 98 in Navarre, turn south onto Sunwood Lane. Driveway is gated
Water Public
New Construction No
Others
Tax ID 212S26078000K020000