Sold
167 Snowdrift Road
Miramar Beach FL, 32550
$3,595,000
$851.09 per sqft
Sold
8 Beds
8.5 Baths
4,224 sqft
Residential
Built in 2001
Price reduced! Bring your offer before interest rates increase. With 10 parking spots, this house will not be impacted by Walton County's proposed occupancy restrictions based on parking.
Amazing investment rental opportunity with many unique advantages which attract new bookings with premium pricing & creates a high rebook rate. One of the only homes on the market with a positive cash flow at the current list price. Over 334K on the books for 2022 (428K gross) despite no rentals for the first 10 weeks due to new pool install. More weeks to book. Projections of 426K for 2023 (528K Gross) with over 90K already on the books, of which 50% are repeat guests. Guests love the oversized heated pool and Jacuzzi installed in 2022. The large game room/playroom just off the pool has commercial game equipment. It adds 900 sqf, makes this vacation house feel like a 5100+ sqf space, and helps the house stand out & book
Just a 60 second walk to the private beach in a gated community.
Completely remodeled (interior & exterior) in 2021 with the new pool in 2022.
The new roof, siding, hvac system (1) and windows will save the owner on insurance and ac/heat costs while helping the house appreciate in value.
The home features 4 Bedrooms on the main level, 2 additional bunk bedrooms upstairs and a carriage home that has 2 bedrooms, 1 bath & a full kitchen and living room as well as a huge game room below just off the pool area with a full bathroom.
** Added $30,000 of outdoor Seaside Casual Furniture & new pool in 2022.
** Zillow lists 10 garage spaces, when the MLS states 10 driveway spaces without the garage and is accurate. The garage is taken up with the game room.
** The home accommodates up to 32 guests and will continue to be a popular family retreat for years to come.
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** Major Renovation/Upgrades in 2021
~ 24 gauge Steel roof
~ Hardi siding
~ All exterior windows impact
~ All exterior doors (including new garage doors)
~ One HVAC's replaced (other 2 newer) and added UV lights to all three units
~ (2) $2,600 BigAss Fans in living room - $6,000 installed as electricians needed scaffolding
~ Porch and garage resurfaced with Ninja Epoxy coating
~ Commercial gaming equipment in playroom
~ All bathrooms in main home renovated and partial renovation in upstairs carriage bath (granite/cabinets/light/floors).
~ Can lights replaced with LED kits throughout
~ Cabana upstairs retiled
~ Cabana kitchen renovated (granite counters)
~ New pool installed in February of 2022
Walton county has proposed regulations limiting occupancy based on parking spaces. With 10 driveway parking spots, this house should not be impacted. Destin (separate city) is implementing reduced occupancy limits with the grandfather exemption clause ending soon. This can make this home more desirable in the future for rentals
The profitability, large pool, commercial game room, upgrades, location, and parking spots make this a highly desirable property.
Buyer to verify all pertinent information.
894004
MLSⓇ ID
March 24, 2022
Listed
February 11, 2024
Updated
Map
167 Snowdrift Road
Miramar Beach FL, 32550
Interior Features
Total Stories
2
Bedrooms
8 Beds
Bathrooms
8.5 Baths
Interior Features
Breakfast Bar, Ceiling Cathedral, Ceiling Crwn Molding, Ceiling Raised, Ceiling Vaulted, Floor Tile, Furnished - All, Guest Quarters, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Shelving, Washer/Dryer Hookup, Window Treatment All
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.31 Acres
Exterior Features
Balcony, Deck Covered, Deck Open, Fenced Back Yard, Guest Quarters, Hot Tub, Patio Covered, Patio Open, Pool - Heated, Pool - In-Ground
Lot Features
Sidewalk, Within 1/2 Mile to Water
Architectual Style
Beach House
School Information
High School
South Walton
Elementary School
Van R Butler
Other Property Details
Area Name
15 - Miramar/Sandestin Resort
Taxes
$12,469
Tax Frequency
Annually
Days on Market
142
Garage
No
Parking
Oversized
View
No
County
Walton
Pool
Yes
Pool Features
Pool Type
Zoning
Resid Single Family
Listing History
Date | Event | Price |
---|---|---|
6/30/2023 | Sold | $3,595,000 |
Courtesy of Amerivest Realty, Christopher R Harper,
Listing Contact: 850-225-8117
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Data last updated 2:56 PM UTC, 2/11/2024