480 Sugar Drive, Santa Rosa Beach, FL 32459

$1,399,000 Asking Price

5 beds
5 baths
4,790  sqft
Built in 1990

Spacious lakefront estate nestled on over an acre of beautiful landscaped grounds, featuring 200 feet of pristine waterfront offers a prime investment opportunity to develop a bed and breakfast or yoga retreat. Priced under $300 per square foot, this exceptional property presents a unique opportunity for renovation and value enhancement. Step inside to discover an entertainer's dream and a grand horseshoe drive that sets the tone for an unforgettable lakeside experience. The first floor features a cozy day room with a fireplace, a theater room and a well-appointed kitchen with a chef-inspired design. The primary suite is a serene oasis with a king-sized bed, separate sitting areas and a luxurious en suite bath. Three additional guest bedrooms and a private pied-a-terre above the garage offer comfort and privacy for all guests. Outdoor amenities include an oversized, screened-in pool, a freshwater lake and a freestanding hot tub. There is no HOA, so new owners may add any additional amenities of their choice hassle-free.

Features & Amenities

Interior

General:
Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Crwn Molding, Ceiling Vaulted, Fireplace Gas, Floor Hardwood, Floor Tile, Lighting Recessed, Lock Out, Pantry, Pull Down Stairs, Shelving, Upgraded Media Wing, Wallpaper, Walls Mirrored, Walls Wainscoting, Wet Bar, Window Treatment All, Woodwork Painted, Woodwork Stained
Appliances:
Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Double, Range Hood, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric, Washer
A/C:
true, Ceiling Fan(s), Central Air
Heating:
true, Heat Pump Air To Air, Central

Exterior

General:
Fenced Back Yard, Fenced Lot-Part, Hot Tub, Lawn Pump, Patio Enclosed, Patio Open, Pool - Enclosed, Pool - Heated, Pool - In-Ground, Satellite Dish, Separate Living Area, Shower, Sprinkler System
Style:
Traditional
Pool:
Pool Type

Construction

Windows:
Double Pane Windows, Solar Screens
General:
Roof Composite Shngl, Siding Brick Front, Siding Brick Some, Vinyl Siding, Slab, 2

Location

Road/Access:
County Road
Golf:
Beach, Boat Launch, Fishing, Picnic Area, Waterfront
Originating MLS:
Emerald Coast Association of REALTORS®
County:
Walton

Lot

Zoning:
Resid Single Family, 33-2S-20-33300-00A-0120
View:
Lake

Utilities

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

Financial

Source:
Emerald Coast Association of REALTORS®

This listing courtesy of:
Keller Williams Realty Destin, Charles E Middleton

About Santa Rosa Beach, FL

Housing

Number of Units
18,423
Median Home Value
$454,649
Median Rent
$1,420

19.25% of housing units are renter occupied.

53.82% are vacant.

Commute

Car
62.63%
Public Transportation
0.04%
Walk to Work
1.12%
Work from Home
34.34%
Other
1.10%

The median travel time to work is 15 minutes.

People

Population
19,014
Median Age
45.50
Median Household Size
2.75

Education

High School
19.09%
Associate’s Degree
7.66%
Bachelor’s Degree
30.92%
Graduate Degree
14.74%

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

Similar Homes

Message

Interested in this home?

Request more information: