***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 of the 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!
Property Details
Price:
$2,999,999
MLS #:
649118
Status:
Pending
Beds:
0
Baths:
3
Address:
9661 Pkwy Navarre
Type:
Multi Family
Subtype:
Other
City:
Navarre
Listed Date:
Jul 17, 2024
State:
FL
Finished Sq Ft:
6,129
Total Sq Ft:
6,129
ZIP:
32566
Year Built:
1955
Units:
7
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Les Austin has joined Keller Williams Realty, Gulf Coast. He will be a member of the RE:Source Team which will include members with vast amounts of experience in Real Estate and Business. What Les is bringing to the team is over 40 years as a licensed Real Estate Broker. He is also a Florida Certified Licensed General Contractor and Home Inspector. He has been involved in the construction, marketing and sales of thousands of properties. Additional credentials/resources he is bringing to the team…
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Schools
Elementary School:
Holley/Navarre
Middle School:
Holley/Navarre
High School:
Navarre
Interior
Appliances
Electric Water Heater
Bathrooms
3 Full Bathrooms
Heating
Central
Exterior
Roof
Metal
Financial
Map
Community
- Address9661 Pkwy Navarre Navarre FL
- SubdivisionNone
- CityNavarre
- CountySanta Rosa
- Zip Code32566
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Courtesy of Levin Rinke Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Pensacola FL. Detailed information about real estate listings held by brokerage firms other than Les Austin include the name of the listing broker. Neither the listing company nor Les Austin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Pensacola FL. All rights reserved.
9661 Pkwy Navarre
Navarre, FL
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