Navarre, FL 32566,9661 Navarre Pkwy
Navarre, FL 32566,9661 Navarre Pkwy
Navarre, FL 32566,9661 Navarre Pkwy
Navarre, FL 32566,9661 Navarre Pkwy
Navarre, FL 32566,9661 Navarre Pkwy
Navarre, FL 32566,9661 Navarre Pkwy
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Listed by Jon Worley • Levin Rinke Realty
Bought with Sandi Kemp • Coconut Palm Real Estate LLC

$3,000,000

$2,999,999

Est.Price: ?

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Est. payment /mo

3 Baths

6,129 SqFt


SOLD DATE : 12/12/2024

Key Details

Sold Price $3,000,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,129 sqft

Price per Sqft $489

MLS Listing ID 649118

Sold Date 12/12/24

Full Baths 3

HOA Y/N No

Originating Board Pensacola MLS

Year Built 1955

Lot Dimensions 229x400

Property Description

***INVESTOR ALERT***Now on the market is one of the most unique waterfront properties in Navarre. Over 2 acres on the sound with 229 feet of sandy beach, high and dry flat level lot, vast majority of the property is in flood zone X. This investment property has a 1701 square foot main home on the water with SIX additional 2 bedroom/1 bath 738 sqft renovated fully furnished cottages that provide instant income. You will not find many properties like this on the Florida Panhandle. The wonderfully remodeled concrete block cottages at this gated property are currently rented through AirBnB. The property also features plenty of room for parking RVs, beautiful live oaks, breathtaking water views, and so much more. This property has gone through an extensive remodel and overhaul. Some of the improvements include: Brand new lift station serving the 6 cottages, full new plumbing work and fixtures, walk in showers added, new sewer line into the cottages, all new wiring including panels and meters, roofs and trusses replaced, HVAC systems, impact windows, luxury vinyl floors, quartz countertops, appliances, the list goes on and on. Last year rental income was $145k with four of the cottages renovated, now all six of the are completed and now being rented. Currently the owner does not do same day turnovers and does not rent during the winter months so more rental income could be generated. The main home could also be rented out, lived in, or provide housing for an onsite manager. Properties like this simply do not come around very often!

Location

State FL

County Santa Rosa

Zoning Res Multi

Interior

Heating Central

Appliance Electric Water Heater

Exterior

Waterfront Description Sound,Waterfront,Beach Access,Block/Seawall

View Y/N Yes

View Sound

Roof Type Metal

Building

Faces From Hwy 98 in Navarre, turn south onto Sunwood Lane. Driveway is gated

Water Public

New Construction No

Others

Tax ID 212S26078000K020000

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