120 Payne Street, Miramar Beach, FL 32550

$3,600,000
Property Type: Residential Bedrooms: 9 Baths: 10 Square Footage: 5,856 Lot Size (sq. ft.): 10,019 Status: Sold
Current Price: $3,600,000 List Date: 9/25/2023 Last Modified: 10/29/2024

Overview

Description

NEW FULLY FURNISHED AND TURN KEY RENTAL WITH 423K in bookings! A professionally designed turnkey rental opportunity unlike any other on the coast! Every detail has been thought of for the savvy investor to just take over. Seller will manage for 1 yr at 5%. Perched just blocks away, this home offers a front-row seat to one of nature's most breathtaking spectacles - the Gulf view. This 5800+ SQ FT luxury home is a testament to the art of coastal renting. Embrace the tranquil beauty of the Gulf and make this piece of coastal paradise your own. The backyard features a heated pool/spa, putting green, and gas grill. Step inside to find an entertainment room including games and pool table, work out room, and 8 ensuites, plus a bunk room. All furnishings and golf cart convey. Don't miss out!

Supplements: This custom-built home showcases the finest craftsmanship and attention to detail, with soaring ceilings, exquisite finishes, and an open-concept design that allows natural light to flood every corner. The gourmet kitchen is a chef's delight, boasting high-end appliances, quartz countertops, and a center island that beckons for gatherings. A privat ...

Listing Details MLS# 933125

Status Change Info

Under Contract Date
2024-01-29
Sold Date
2024-03-15
Sold Price/SqFt
614.75

Contract Info

List Price/SqFt
636.1
Listing Board
Emerald Coast

Location Tax and Legal

Area
15 - Miramar/Sandestin Resort
Street #
120
Street Name
Payne
Street Suffix
Street
State
FL
Zip Code
32550
County
Walton
Project Name/Subdivision
Payne Street Cottages
Parcel ID
30-2S-21-42980-000-0010

General Property Info

Sub-Type
Detached Single Family
Design
Contemporary
Apx SqFt(Htd/Cooled)
5856
SqFt Source
Appraiser
Full Baths
9
Half Baths
Yes
Total Bathrooms
10
# Stories
3
Year Built
2023
Immediate Occupancy
Yes
Garage
Yes
Carport
No
Garage Spaces
Yes
Driveway Spaces
7
Acreage
0.23
Pool
Yes
Pool Type
Private

Lot Features

Coastal Barrier Zone
No
Within 1/2 Mile to Water
Yes

Location, Tax and Legal

Sub Area
1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Elementary School
Destin
Middle School
Destin
High School
Destin
Legal Description
LOT 1 PAYNE STREET COTTAGES PB 24-33 OR 3243-3990 OR 3296-1131

More Information

Listing Info, Tax & Legal

Who Paid Doc Stamps
Seller
Who Paid Title
Buyer
Homestead
No
Is Subject Leased
No
Assessment Fees
No
New Buyer Fee
No
Last Taxes
2423.72
Last Tax Year
2022
Brokerage Interest
No Interest
As Is
No

Remarks & Misc

Remarks
NEW FULLY FURNISHED AND TURN KEY RENTAL WITH 423K in bookings! A professionally designed turnkey rental opportunity unlike any other on the coast! Every detail has been thought of for the savvy investor to just take over. Seller will manage for 1 yr at 5%. Perched just blocks away, this home offers a front-row seat to one of nature's most breathtaking spectacles - the Gulf view. This 5800+ SQ FT luxury home is a testament to the art of coastal renting. Embrace the tranquil beauty of the Gulf and make this piece of coastal paradise your own. The backyard features a heated pool/spa, putting green, and gas grill. Step inside to find an entertainment room including games and pool table, work out room, and 8 ensuites, plus a bunk room. All furnishings and golf cart convey. Don't miss out!

Sale Type

Accept Backup Offers
Yes

Construction Status

Construction Complete
Yes

Parking Features

Boat
Yes
Garage
Yes
Oversized
Yes

Waterview

Gulf
Yes

Farm Info

Fenced - Perimeter
Yes
Garage
Yes

Lot/Parcel Access

County Road
Yes
Paved Road
Yes

Project Facilities

BBQ Pit/Grill
Yes
Elevators
Yes
Exercise Room
Yes
Game Room
Yes
Pool
Yes
Short Term Rental - Allowed
Yes
Whirlpool
Yes

Construction/Siding

Concrete
Yes
Roof Metal
Yes
Stucco
Yes
Trim Vinyl
Yes

Utilities

Electric
Yes
Public Sewer
Yes
Public Water
Yes

Zoning

Resid Single Family
Yes

Exterior

Balcony
Yes
BBQ Pit/Grill
Yes
Deck Open
Yes
Pool - In-Ground
Yes
Porch
Yes
Porch Open
Yes

Interior

Ceiling Raised
Yes
Elevator
Yes
Fireplace
Yes
Furnished - All
Yes
Hallway Bunk Beds
Yes
Kitchen Island
Yes
Owner's Closet
Yes
Shelving
Yes
Washer/Dryer Hookup
Yes

Financing

Conventional
Yes

Appliances

Auto Garage Door Opn
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Freezer
Yes
Ice Machine
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Stove/Oven Gas
Yes
Washer
Yes

Energy

AC - 2 or More
Yes
AC - Central Elect
Yes
Double Pane Windows
Yes
Heat - Two or More
Yes
Heat Cntrl Electric
Yes
Water Heater - Two +
Yes

Bedroom

First
Yes
Second
Yes
Third
Yes

Kitchen

Second
Yes

Living Room

Second
Yes

Rooms

Bedroom
Yes
Bunk Room
Yes
Exercise Room
Yes
Foyer
Yes
Kitchen
Yes
Living Room
Yes
Recreation Room
Yes

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Farm Info: Fenced - Perimeter; Garage Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Parking Features: Boat; Garage; Oversized Project Facilities: BBQ Pit/Grill; Elevators; Exercise Room; Game Room; Pool; Short Term Rental - Allowed; Whirlpool Exterior: Balcony; BBQ Pit/Grill; Deck Open; Pool - In-Ground; Porch; Porch Open Interior: Ceiling Raised; Elevator; Fireplace; Furnished - All; Hallway Bunk Beds; Kitchen Island; Owner's Closet; Shelving; Washer/Dryer Hookup Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Range Hood; Refrigerator; Stove/Oven Gas; Washer Utilities: Electric; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Double Pane Windows; Heat - Two or More; Heat Cntrl Electric; Water Heater - Two + Bedroom: First; Second; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Bunk Room; Exercise Room; Foyer; Kitchen; Living Room; Recreation Room Financing: Conventional

Room Information

Room Name Level Dimensions Length Width Remarks
Foyer First 15 x 6 15.00 6.00
Recreation Room First 31 x 16 31.00 16.00 Game Room / Sitting Area
Bedroom First 14.8 x 13.6 14.80 13.60
Exercise Room First 10.11 x 12.11 10.11 12.11
Bedroom First 12.5 x 16.5 12.50 16.50
Kitchen Second 23 x 16 23.00 16.00
Living Room Second 41 x 17 41.00 17.00 living / dining area
Bunk Room Second 12 x 10 12.00 10.00 bunk room
Bedroom Second 12 x 12 12.00 12.00
Bedroom Second 14 x 14 14.00 14.00
Bedroom Third 11 x 12.5 11.00 12.50
Bedroom Third 12 x 14 12.00 14.00
Bedroom Third 12 x 14 12.00 14.00
Bedroom Third 12 x 14 12.00 14.00
Listing Office: Five Star Properties RE FL Inc
Last Updated: October - 29 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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