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179 County Hwy 393 Building N, Santa Rosa Beach, FL 32459
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  • MLS#: 761578 ( CommercialSale )
  • Street Address: 179 County Hwy 393 Building N
  • Viewed: 9
  • Price: $18,500,000
  • Price sqft: $570
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 32450
  • Days On Market: 57
  • Additional Information
  • Geolocation: 30.3706 / -86.2265
  • County: WALTON
  • City: Santa Rosa Beach
  • Zipcode: 32459
  • Subdivision: Pinewood Preserve
  • Elementary School: Van R Butler
  • Middle School: Walton
  • High School: South Walton
  • Provided by: Counts Real Estate Group Inc
  • DMCA Notice
  • Description
    Welcome to Pinewood 30 A, located at 179 South County Highway 393, Santa Rosa Beach, Florida. Pinewood is the newest gem of Walton County's Emerald Coast! This newly constructed 30 unit condominium building is an investor's dream, the vacation rental units are perfectly situated in one of the top destinations in the United States.This offering is for Building Number One only. Pinewood 30 A, Building One is a #30 unit, fully furnished, turn key, short term rental property. The unit mix includes #2, 4 Bedroom/4 Bath units, #14, 2 Bedroom/2 Bath units, and #14 1 Bedroom/1 Bath units. The building plans and floor plans are attachedThese fully furnished turn key units offer hassle free rental management services including maid service and maintenance, making them ideal for the short term rental market. . White glove service in Northwest Florida, one of America's top short term/vacation rental markets. The community amenities include a heated pool, a full service fitness center, 1,400 acres of walking trails Point Washington State Forest, and a shuttle service to the beach, making it an unbeatable vacation destination for renters.This exclusive 30 unit building will only be sold as a whole, so don't miss your chance to invest in a piece of this luxury South Walton development. The new homes sales team has already sold 28 individual units in the adjacent buildings, with pending sales inventory occurring each week.The Pinewood 30 A development, consisting of 126 condo units, is also located in a prime location south of Highway 98 and boasts a golf cart road and new bike sidewalk to the beach, backing onto Point Washington State Forest. Enjoy over 1,400 acres of recreation and trails in this serene and untouched natural setting.With furnished underserved long term rental opportunities, this investment offers flexible income streams for owners between short and long term rentals. And with a bulk sale purchase, all units can be sold over time, strategically timed to maximize future upside.The gated Pinewood project also enjoys a heated community pool and 29 acres of pine trees, adding to the exclusivity of this development. Located close to San Destin resorts with golf and tennis, world class fishing, shopping and restaurants along 30 A, and sugar sand, emerald water beaches, this property is truly unbeatable.Don't miss out on this opportunity to own a fully furnished, rental ready, turn key investment in one of Florida's fastest growing counties with over 5 million vacationers per year. Short term rental management company on site, making ownership a breeze. Contact to grow your investments!Bright, modern decor and large closets with brand new GE upgraded stainless steel appliance package.The community has top of the line maid services, gorgeous heated community pools, and a fitness center.Located in pristine pine forest providing natural beauty while still within 1.3 miles to beautiful beaches.The developer has plans for Fine dining restaurant, general store, and a coffee shop in the adjacent building.The seller's proforma supports a Net Operating Income of $1,505,000. Based on the sale price of $18,500,000, the Cap Rate equates to 8.14%. With a full priced sale, the seller will guarantee the proforma rental income for the initial one year following the closing date. Financials, plans, upgrades, furnishing packages, and additional details are available upon request.
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  •   HOA Fees $
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 32450.00
School Information
  • High School: South Walton
  • Middle School: Walton
  • School Elementary: Van R Butler
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: Community
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, HighEfficiency, MultiUnits
  • Heating: Central, Electric, Gas
  • Pets Allowed: Yes
  • Road Frontage Type: CountyRoad
Finance and Tax Information
  • Home Owners Association Fee Includes: FitnessFacility, Insurance, LegalAccounting, MaintenanceGrounds, PestControl, Pools, Trash
  • Home Owners Association Fee: 236996.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Accessibility Features: AccessibleKitchenAppliances, AccessibleBedroom, AccessibleCommonArea, AccessibleClosets, AccessibleElevatorInstalled, AccessibleKitchen, AccessibleCentralLivingArea, AccessibleApproachWithRamp, AccessibleDoors, AccessibleEntrance, AccessibleHallways
  • Legal Description: Not for legal documents: 30 UNITS - Building Number ONE 144 PINEWOOD 30-A CONDO & A FRACTIONAL INTEREST IN ALL COMMON AREAS & APPURTENANT LIMITED COMMON ELEMENTS AS DESC IN OR 3276-1667
  • Levels: ThreeOrMore
  • Area Major: 12 - Walton County
  • Occupant Type: Occupied
  • Parcel Number: 35-2S-20-33281-000-1440
  • Possible Use: MultiFamily
  • The Range: 0.00
  • Unit Number: Building No. ONE
  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com