$499,000
$499,000
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3 Beds
3 Baths
1,512 SqFt
SOLD DATE : 01/30/2024
Key Details
Sold Price $499,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $330
Subdivision Sugar Beach Condo
MLS Listing ID 743261
Sold Date 01/30/24
Style Low Rise
Bedrooms 3
Full Baths 3
Construction Status Updated/Remodeled
HOA Fees $726/qua
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $3,219
Tax Year 2022
Property Description
LOWEST PRICED 3 Bed / 3 Bath condo on the ENTIRE BEACH!!! You heard that right, on the ENTIRE BEACH! And this one... it generates a significant return on investment each year based on actual rentals - NOT projections!It's time for a little needed honesty... The condo market has really slowed down a TON these past several months. Inventory is higher than it has been in several years, and to be perfectly transparent, most condos on the beach LOOSE MONEY every month!It is becoming harder and harder to find a condo that is truly a solid investment, and finding one that generates a positive return on investment can seem like finding a needle in a haystack.Having laid out the reality of the current condo market, this unit is truly the EXCEPTION to the NORM!Have you tried finding a Gulf View condo that generates a 10%+ Return on Investment (ROI) in today's market? If you did, was it based on ACTUAL rentals and NOT overinflated projections? Although finding such an opportunity might not seem possible with 7% interest rates, this incredible rental machine does EXACTLY that, and has the history to prove it!And did I mention... it is amongst the lowest quarterly HOA dues of ALL available comps?!?Experienced investors are trained to ''love'' the number and simply ''like'' the property, but why not have both? With actual rentals of nearly $80k in 2022, and with over $57k in bookings YTD, the numbers clearly speak to this incredible opportunity.
Location
State FL
County Bay
Community Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, Pool, See Remarks, Short Term Rental Allowed, Tennis Court(S), Waterfront, Gated
Area 03 - Bay County - Beach
Interior
Interior Features Remodeled, Smart Thermostat
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Furnishings Furnished
Fireplace No
Appliance Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, Range Hood, Washer
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Built-in Barbecue, Balcony, Outdoor Shower, Pool
Parking Features Electric Gate, Garage, Garage Door Opener, Gated, Open, Paved, Parking Lot
Fence Full
Pool Fenced, Gunite, In Ground, Private, Community, Pool
Community Features Barbecue, Beach, Clubhouse, Game Room, Laundry Facilities, Other, Park, Pool, See Remarks, Short Term Rental Allowed, Tennis Court(s), Waterfront, Gated
Utilities Available Cable Connected, Electricity Connected, Other, Phone Connected, See Remarks, Trash Collection, Water Connected
Amenities Available Beach Rights, Game Room, Gated, Picnic Area
Waterfront Description Shoreline - Sand,Waterfront
View Y/N Yes
Water Access Desc Shoreline - Sand,Waterfront
View Gulf, Pond
Porch Balcony
Private Pool Yes
Building
Lot Description Landscaped, Waterfront
Story 3
Foundation Slab
Architectural Style Low Rise
Additional Building Tennis Court(s)
Construction Status Updated/Remodeled
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
HOA Fee Include Clubhouse,Cable TV,Laundry,Maintenance Grounds,Other,Pool(s),Sewer,See Remarks,Security,Tennis Courts,Trash,Water
Tax ID 30189-019-000
Security Features Closed Circuit Camera(s),Secured Garage/Parking,Gated Community,24 Hour Security,Key Card Entry,Smoke Detector(s),Varies By Unit,Security Service
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Other
Special Listing Condition Listed As-Is
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