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Sold for $3,595,000 on 09/27/22
  • $3,595,000

    167 Snowdrift Rd, Miramar Beach, FL 32550

    8beds
    4,224sqft
    Single Family Residence
    Built in 2001
    0.31 Acres Lot
    $3,477,400 Zestimate®
    $851/sqft
    $5,742 Estimated rent

    What's special

    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. . ** 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.

    Zillow last checked: 7 hours ago

    Listing updated: October 24, 2024 at 02:48pm

    Listed by:

    Christopher R Harper 850-225-8117,

    Amerivest Realty,

    Arlen Busenitz 850-420-3077,

    Amerivest Realty

    Bought with:

    Elizabeth Boswell, 3308737

    The Premier Property Group

    Source: ECAOR,MLS#: 894004MLS LogoOriginating MLS: Emerald Coast

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 9
    • Full bathrooms: 8
    • 1/2 bathrooms: 1
    Primary bedroom
    • Features: MBed First Floor, MBed Sitting Area
    Primary bathroom
    • Features: Double Vanity, MBath Dressing Area, Soaking Tub, MBath Tile
    Heating
    • Heat - Two or More, Electric
    Cooling
    • AC - 2 or More, Electric, Ceiling Fan(s)
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Self Cleaning Oven, Refrigerator, Refrigerator W/IceMk, Electric Range, Washer, Electric Water Heater
    • Laundry: Washer/Dryer Hookup
    Features
    • Breakfast Bar, Cathedral Ceiling(s), Crown Molding, High Ceilings, Vaulted Ceiling(s), Guest Quarters, Kitchen Island, Recessed Lighting, Newly Painted, Pantry, Shelving, Bedroom, Dining Area, Kitchen, Living Room
    • Flooring: Tile
    • Windows: Double Pane Windows, Window Treatments
    • Furnished: Yes
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,224
    • Total interior livable area: 4,224 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Oversized, Garage Door Opener
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Patio & porch: Deck Covered, Deck Open, Patio Covered, Patio Open
    • Exterior features: Balcony, Hot Tub
    • Has private pool: Yes
    • Pool features: Private, Heated, In Ground
    • Has spa: Yes
    • Fencing: Back Yard
    • Waterfront features: Beach
    Lot
    • Size: 0.31 Acres
    • Dimensions: 75 x 180
    • Features: Controlled Access, Sidewalk, Within 1/2 Mile to Water, Deed Access
    Details
    • Additional structures: Guest House
    • Parcel number: 342S21422100000120
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Beach House
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Foundation: Slab
    • Roof: Metal
    Condition
    • Construction Complete
    • Year built: 2001

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Phone Connected, Cable Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Gated
    Location
    • Region: Miramar Beach
    • Subdivision: Snow Drift Beach

    Other

    Other facts
    • Listing terms: Conventional
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $3,477,400
    2% more+ $69,548
    With Zillow Showcase(estimated)
    $3,546,948