Introducing Unit 507 at Summer Place: a charming 3-bedroom, 2-bathroom haven boasting exceptional rental potential. This meticulously maintained unit, cherished by only two owners, offers a blend of comfort and style.Recently updated with modern amenities, Unit 507 features a new A/C system installed in 2022, refreshed kitchen appliances as of 2024, and upgraded bathroom vanities in 2023. The living room received a stylish makeover in 2022, enhancing its appeal.Step inside to discover plank tile flooring throughout, adding a touch of elegance to every corner. The breakfast bar is adorned with beadboard panels, infusing a coastal charm into the space. Enjoy the serene ambiance of the tiled balcony, offering breathtaking views of the Gulffrom the Kitchen, Dining area, Living room, and Master Bedroom.
Discover an exceptional investment opportunity at this stunning property, boasting impressive rental income potential. In 2023 alone, rental income soared to $75,000, even with 40 days of owner usage. Projections for 2024 are even more promising, with an estimated income of $83,000, and anticipated growth to reach $101,000 within the next five years. Don't miss your chance to capitalize on this lucrative venture.
Summer Place Condos offer a host of amenities for residents and guests alike. Enjoy the convenience of an on-site check-in desk managed by the current rental manager, ensuring a seamless experience. Dive into relaxation with two pools, including one heated pool for year-round enjoyment. Unwind at the outdoor grilling area, perfect for entertaining friends and family.
For peace of mind, the gated parking area is exclusively reserved for owners and guests, with pets welcome on the premises. Stay fit while soaking in the Gulf views at the on-site fitness center.
Additionally, beach chair setup is available for $1,600 annually, providing each guest and the owner with a comfortable spot to enjoy the sun and surf.
Make Unit 507 Summer Place your coastal retreat, where relaxation meets luxury living.
BBQ Pit/Grill, Beach, Elevators, Exercise Room, Pets Allowed, Pool, Short Term Rental - Allowed, Waterfront
Electric Available, Public Sewer Available, Public Water Available
Breakfast Bar, Floor Tile, Furnished - All
Dishwasher, Dryer, Microwave, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
Subdivision :
STERLING SHORES
MLS® # 946747
Subdivision :
CORAL REEF CLUB PH 1
MLS® # 946710
Subdivision :
HIDDEN DUNES BEACH VILLAS
MLS® # 946690
Subdivision :
STERLING SANDS CONDO
MLS® # 945027
Subdivision :
ONE WATER PLACE AT KELLY PLANTATION
MLS® # 943596
Subdivision :
ISLAND ECHO CONDO
MLS® # 943476
DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Courtesy Of Coldwell Banker Realty. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.
Vendors Member Number : 28325
Listing information last updated on April 27th, 2024 at 2:45pm CDT.
