RARE opportunity to invest in a CASHFLOWING investment property earning the highly desired 10% CAP RATE! This property has produced income over 10% of your investment for multiple years consecutively! Easy start up for new owners as it comes with a long list of REPEAT GUESTS! This unit sits directly across 30A from a Gulf Place DEEDED beach access point for your beach loving guests, and also has a private pool entrance from the condo's gated back patio for your guests that prefer convenience to a pool! Gulf Place features an immense amount of family friendly activities and adventures that are all within walking distance from the unit's front door! Inside, you'll notice the primary bedroom just inside the main entry. With a king-sized bed, a full closet, and access to the bathroom directly from the bedroom, your guests will feel completely at ease! The bathroom boasts a double vanity as well as a shower over a full-sized tub for the kids. Kiddos will love the built-in bunk beds, giving them and their parents ample space to unwind. The hallway opens into a beautifully updated kitchen space with stainless steel appliances, a flat top cooking range, two-toned modern cabinets, and a fridge with a bottom freezer. Tile backsplash makes clean up a breeze, and modern cabinet and drawer pulls give an air of sophistication. In addition, the fold-out dining table means that everyone can enjoy a meal together and that you have plenty of space to move around the kitchen. With the open kitchen and living floor plan, plus the windows and French doors that lead out to a cozy back porch, the living room area is social, comfortable, and functional. Whether on the couch or at the table, everyone is welcome! And did we mention the WASHER and DRYER? Yes, this condo includes a stackable washer and dryer to provide the ease of doing laundry in the unit after a long day in the sand and sun!
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 11.0 x 12.0
- Primary Bedroom Level: First
Other Rooms
- Total Rooms: 4
- Master Bathroom: 9.00 x 7.00
- Master Bathroom Level: First
- Living Room Dimensions: 14.0 x 16.0
- Living Room Level: First
- Living Room Features: Living/Dining Combo Room
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Breakfast Bar
- Floor Tile
- Floor WW Carpet
- Furnished - All
- Window Treatment All
- Woodwork Painted
Appliances
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Fire Alarm/Sprinkler
- Microwave
- Oven Self Cleaning
- Refrigerator W/IceMk
- Stove/Oven Electric
- Washer
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 7.0 x 10.0
- Kitchen Level: First
Exterior and Lot Features
Pool and Spa
- Pool Features: Community
- Pool Private: Yes
Home Features
- View: Gulf
- Energy: AC - Central Elect, Heat Cntrl Electric, Ceiling Fans, Water Heater - Elect
Homeowners Association
- Association: Yes
- Association Fee: 1462
- Association Fee Frequency: Monthly
- Association Fee Includes: Accounting, Ground Keeping, Insurance, Security, Cable TV
- Calculated Total Monthly Association Fees: 1462
School Information
- Elementary School: Van R Butler
- High School: South Walton
- Middle School: Emerald Coast
Amenities and Community Features
- BBQ Pit/Grill
- Beach
- Deed Access
- Dumpster
- Elevators
- Picnic Area
- Pool
- Tennis
- TV Cable
- Whirlpool
- Facilities: BBQ PitGrill2, Dumpster, Picnic Area, TV Cable3, Deed Access, Tennis, Elevators, Pool2, Beach, Whirlpool
- Community Features: BBQ Pit/Grill, Beach, Deed Access, Dumpster, Elevators, Picnic Area, Pool, Tennis, TV Cable, Whirlpool
Other Property Info
- Annual Tax Amount: 3443.659999999
- Source Listing Status: Active
- County: Walton
- Directions: From Destin, east on Highway 98 to Highway 393, turn south (right) to Highway 30A. Turn right about 1/8 mile. Gulf Place Caribbean is on the north side of 30A. From Panama City Beach, west on Hwy 98
- Tax Year: 2023
- Source Property Type: Residential
- Area: 17 - 30A West
- Property Subtype: condo
- MLS Area Minor: 1701 - Santa Rosa Beach S of 98 West of 393
- Source Neighborhood: GULF PLACE CARIBBEAN CONDO
- Parcel Number: 03-3S-20-34402-000-1060
- Subdivision: GULF PLACE CARIBBEAN CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 726
- Year Built: 1996
- Building Area Source: County PA Records
- Building Area Total: 726
- Building Exterior Type: Concrete, Frame, Roof Tile/Slate, Stucco
- Construction Materials: Concrete, Frame, Roof Tile/Slate, Stucco
- Property Age: 28
- Property Condition: Construction Complete
- Building Total Stories: 4
Utilities
- Electric
- Phone
- Public Sewer
- Public Water
- TV Cable