Description
***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some ofthe improvements include: Brand new lift station serving the 6 cottages, full new plumbing work and fixtures, walk in showers added, new sewer line into the cottages, all new wiring including panels and meters, roofs and trusses replaced, HVAC systems, impact windows, luxury vinyl floors, quartz countertops, appliances, the list goes on and on. Last year rental income was $145k with four of the cottages renovated, now all six of the are completed and now being rented. Currently the owner does not do same day turnovers and does not rent during the winter months so more rental income could be generated. The main home could also be rented out, lived in, or provide housing for an onsite manager. Properties like this simply do not come around very often!
Legal Description
ENHANCED LIFE EST RESERVED IN: CRESCENT SHORES E 229.4 FT OF LOT K AS DES IN OR 3827 PG 2079 & E-L/E OR 4110 PG 1546
Features of 9661 Navarre Pkwy
| MLS® # | 954828 |
|---|---|
| Price | $2,999,999 |
| Bedrooms | 15 |
| Bathrooms | 9.00 |
| Full Baths | 9 |
| Square Footage | 6,129 |
| Acres | 2.10 |
| Year Built | 1955 |
| Type | Detached Single Family |
| Sub-Type | Detached Single Family |
| Style | Other |
| Status | Active |
Community Information
| Address | 9661 Navarre Pkwy |
|---|---|
| Area | Navarre/Gulf Breeze |
| Subdivision | CRESCENT SHORES |
| City | NAVARRE |
| County | SANTA ROSA |
| State | FL |
| Zip Code | 32566 |
Amenities
| Utilities | Electric Available, Public Sewer Available, Gas - Propane, Lift Station, Public Water Available, TV Cable Available |
|---|---|
| Parking Spaces | 2 |
| Parking | Oversized, RV, Garage |
| # of Garages | 2 |
| Is Waterfront | Yes |
| Waterfront | Intracoastal Waterway, Shore: Seawall, Sound |
| Water View | Intracoastal Waterway, Sound |
| Has Pool | No |
| Pool | Community, Private |
Interior
| Interior Features | Breakfast Bar, Fireplace, Floor Tile, Floor WW Carpet, Split Bedroom, Washer/Dryer Hookup |
|---|---|
| Appliances | Dishwasher, Refrigerator, Smoke Detector, Oven Continue Clean, Range Hood, Security System |
| Heating | A/C: Central Gas |
| Cooling | A/C: Central Electric, A/C: Central Gas |
| Fireplace | Yes |
| Fireplaces | Fireplace |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Exterior | Frame, Roof Composite Shingle, Roof Metal, Siding Brick All |
|---|---|
| Exterior Features | Patio Open |
| Lot Description | Bulkhead/Seawall, Flood Insurance Required, Interior, Level, Within 1/2 Mile Of Water, Wooded |
| Roof | Roof Composite Shingle, Roof Metal |
| Construction | Frame |
School Information
| Elementary | HOLLEY-NAVARRE |
|---|---|
| Middle | HOLLEY-NAVARRE |
| High | NAVARRE |
Additional Information
| Zoning | Residential Single Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Levin Rinke Realty |
|---|
