About 250 Marlberry Trace
PROPERTY IS UNDER CONTRACT WITH KICK OUT CLAUSE. Great deal on a great property. Recent appraisal for $660k. $3500 month rental. Property has been updated. All appliances and carpet are less than 1 year old. Kitchen and bathroom updates are less than 2 years old. For a cash buyer, they can walk into this property under 90% of the value and can achieve a 6% cap rate. Great gated community in a great location! This is the first time the property has been listed with the upgrades! Updates include, but are not limited to, totally new kitchen countertops, cabinets, and appliances, a new master bathroom shower, new flooring, countertops, cabinets, and a 2-person hydrotherapy soaking tub, new carpet throughout, new paint throughout, a new water heater, and a back patio, to name someThe living room has real cherry wood hardwood flooring. The master bathroom and kitchen were covered in level 4 Quartz and tile. Over 50k in upgrades used within the last 2 years! The Hidden Grove Neighborhood is one of the hidden gyms in Walton County with a gated entrance, a large community pool, and walking paths with dimmed street lights throughout. Great location within a 5-minute drive to the beach, to Butler Elementary, Grand Blvd, Sacred Heart Hospital, Walmart and SanDestin. The property currently has a renter paying $3500 a month with excellent payment history. The tenant would like to continue to rent the place and will sign another 12-month lease. If the renter is not kept, a 60-day notice will be required. For a cash buyer, this will produce over a 6% cap rate at under 90% of appraised value. Finding a deal like this along the 30A corridor is like finding a needle in a haystack. Whether you are looking for a spacious 4-bedroom home to live in or if you want a low-maintenance second home in a safe and secure location, you must put this home on your list to see! OFFERS BEING ACCEPTED. PROPERTY IS UNDER CONTRACT WITH CONTINGENCIES. CONTRACT HAS A KICK-OUT CLAUSE WITH FIRST RIGHT OF REFUSAL. *All info is accurate to the best of our knowledge, but should be verified if concerned*
Features of 250 Marlberry Trace
| MLS® # | 986377 |
|---|---|
| Price | $599,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 2,181 |
| Acres | 0.12 |
| Year Built | 2015 |
| Type | Residential |
| Sub-Type | Detached Single Family |
| Style | Florida Cottage |
| Status | Active |
Community Information
| Address | 250 Marlberry Trace |
|---|---|
| Area | North Santa Rosa Beach |
| Subdivision | HIDDEN GROVE |
| City | Santa Rosa Beach |
| County | Walton |
| State | FL |
| Zip Code | 32459 |
Amenities
| Amenities | Gated Community, Pets Allowed, Pool, Short Term Rental - Not Allowed |
|---|---|
| Utilities | Electric, Phone, Public Sewer, Public Water, TV Cable, Underground |
| Parking Spaces | 1 |
| Parking | Garage, Garage Attached |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Community |
Interior
| Interior Features | Ceiling Beamed, Ceiling Crwn Molding, Ceiling Raised, Fireplace, Floor Hardwood, Floor WW Carpet, Furnished - None, Lighting Recessed, Lighting Track, Newly Painted, Pantry, Renovated, Washer/Dryer Hookup, Window Treatment All |
|---|---|
| Appliances | Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Trash Compactor, Warranty Provided, Washer, Wine Refrigerator |
| Heating | Heat Cntrl Electric |
| Cooling | AC - Central Elect |
| Fireplace | Yes |
| Fireplaces | Fireplace |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Roof Metal, Siding CmntFbrHrdBrd |
|---|---|
| Exterior Features | Deck Open, Fenced Back Yard, Fenced Lot-Part, Lawn Pump, Porch, Renovated, Shower, Sprinkler System |
| Lot Description | Within 1/2 Mile to Water |
| Windows | Storm Windows |
| Roof | Roof Metal |
School Information
| Elementary | Van R Butler |
|---|---|
| Middle | Emerald Coast |
| High | South Walton |
Additional Information
| Zoning | Resid Single Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 410.00 |
| HOA Fees Freq. | Quarterly |
Listing Details
| Office | Compass |
|---|