*$732,500. price to close no sooner than July 31, 2019. Immediate sale price is $759,900. Great opportunity for the right Buyer! Lot 16 is True Waterfront! 5 Bedroom, 3 Bath Navarre Beach Home in Gated Community of By The Sea. This 3 story home is an absolute gem, go from cooking & entertaining in this Chef's Kitchen on the incredible gas range to the back porch swing overlooking the Inter-coastal Waterway to relaxing in your Master bedroom watching the sunset glisten off the water - Feel like putting your toes in the sand or taking a dip in the Sound, well you won't have far to go as this home has sandy beach access just steps away. This home is currently on the short term rental program with Resort Quest and performs very well. (Not all communities allow short term rentals so that is just one more added benefit to this home.) Home has bookings currently though October w/ more expected, new owner could take over bookings for instant income! 2017 Gross Rental Income was $57,452.49. 2018 Projection is $63,340. But looks like home may surpass projection, with $57,246.30 already booked as of Oct. 1, 2018. Home has much sought after enclosed 2 bay Over-sized garage space with plenty of room for play and storage. Other features include: All Trek decking, Gas-propane Range, Central Vac System,have I mentioned the HUGE Garage Space, Coffered Living Room Ceiling, Crown Molding Throughout, Security System with cameras with built in monitor and Culligan Water System (water softener & reverse osmosis system) Home is selling furnished except for a few personal items. Community has deeded access, pool and hot tub. HOA is only $100. per month! Call today to schedule showing!