229 E Grand Key Loop, Destin, FL 32541

$1,175,000 Asking Price

6 beds
4 baths
2,600  sqft
Built in 2006

ASSUMABLE LOAN AT 2.85% INTEREST! This exceptional FULLY FURNISHED 6-bedroom, 3.5-bathroom residence offers an incredible investment opportunity with an assumable mortgage at a remarkably low rate of 2.85% giving you a low monthly payment of $5,628. The buyer will need to cover the equity difference, but the seller is open to allowing a non-VA buyer to assume this wonderful rate. This home already generates between $100,000 and $120,000 annually while being self-managed, and with professional management, it is estimated to gross between $120,000 and $150,000 annually. Priced well below comparable properties, this investment offers the best price per square foot in the neighborhood, making it one of the best deals available. You'd be crazy not to run your numbers on this one.. Give me a call at 850-407-7652.


Features & Amenities

Interior

General:
Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Ceiling Tray/Cofferd, Floor Vinyl, Floor WW Carpet, Furnished - All, Pantry, Plantation Shutters, Washer/Dryer Hookup, Wet Bar
Appliances:
Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer
A/C:
true, Ceiling Fan(s), Central Air
Heating:
true, Central

Exterior

General:
Balcony, BBQ Pit/Grill, Columns, Porch
Style:
Mediterranean
Pool:
Pool Type

Construction

General:
Concrete, Roof Tile/Slate, Slab, Stucco, 3

Location

Road/Access:
Private Road
HOA Amenities:
Accounting, Ground Keeping, Management, Recreational Faclty, Security, Cable TV, 1520.0, Quarterly
Golf:
BBQ Pit/Grill, Gated Community, Pavillion/Gazebo, Pool
Originating MLS:
Emerald Coast Association of REALTORS®
County:
Okaloosa

Lot

Zoning:
Resid Single Family, 00-2S-22-1125-0000-0570

Utilities

Utilities:
Electric, Phone, Public Sewer, Public Water, TV Cable

Financial

Source:
Emerald Coast Association of REALTORS®

This listing courtesy of:
Levin Rinke Realty, Caleb P Drake

About Destin, FL

Housing

Number of Units
14,008
Median Home Value
$415,874
Median Rent
$1,462

34.24% of housing units are renter occupied.

41.09% are vacant.

Commute

Car
57.89%
Public Transportation
0.41%
Walk to Work
0.79%
Work from Home
40.08%
Other
0.53%

The median travel time to work is 15 minutes.

People

Population
17,901
Median Age
42.20
Median Household Size
2.53

Education

High School
17.24%
Associate’s Degree
10.87%
Bachelor’s Degree
30.55%
Graduate Degree
15.55%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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