Property Details

Overview: "Margaritaville". Simply put, the ultimate beach house & rental machine in the heart of historic Downtown Old Grayton Beach, South Walton's truly "original" beach community. Beautifully renovated with sweeping Gulf views. Southwest exposure, overlooking state owned dunes and the Gulf. Spacious kitchen with Sub-Zero fridge, two ranges/ovens, two dishwashers, ice machine, walk-in pantry, stainless countertops. Large living area on first floor perfect for entertaining. Living area on third floor features wetbar w/ fridge and dishwasher. Durable, low maintenance tile floors throughout. Outdoor shower with privacy on East side. Loft has tv/game area and futon. Rare, year-round sunset views. Southwest exposure with sweeping vistas across magnificent state owned dunes to the Gulf. Gross revenues of $75k as far back as 2003 & 2004, with significant upside potential. (Not on any rental program in 2008.) Steps to all nightlife, dining and shopping Grayton has to offer. Seller may participate in a 1031 tax exchange at no expense to buyer. As always, buyer should confirm all measurements.

Directions: From 30A head south on Route 283, Defuniak Street, to dead end at Hotz. Left on Hotz to private road at Red Bar, Garfield. Subject is first house on left with red roof adjacent Red Bar, "Margaritaville".

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