136 Paradise by the Sea Boulevard for sale by owner.
Enjoy the existing home now and add your dream home to this lot whenever you desire!
The existing home is a beautiful fully furnished 3 story home built in 1996 which includes:
Two (2) King Bedrooms. Both with walk in closets (with additional lockable owner's closets) and private baths with jetted tubs.
Incredible unobstructed gulf views. 100 yard walk from front door to community beach walkover.
Lighted good sized private pool with concrete and trex type decking, outdoor shower and charcoal grill
Completely painted, renovated, redecorated and re-furnished in 2005-2006. New premium king mattresses and box springs in 2008.
Great rental income. View pictures on Garrett Realty ~ Seagrove Beach Rentals. Look for the home known as "Paradise Romantica".
Main home of 3,500 - 5,000+ sq ft. could be built on front portion of lot.
Offering price: $1,100,000
Owner will offer up to a $433,000 3, 5 or 7 year interest only second mortgage to qualified buyers. With a $417,000 conforming 1st mortgage buyer could finance up to $850,000 with only $250,000 down.
Send private message with contact information if interested.
Replies
37Beach LoverAuthor
Paradise by the Sea POA Fees
Several people have asked me about the Paradise by the Sea POA (Property Owners Association) Fees. The total annual fees for 2009 are $1,260. This is NOT a mis-print!!! This is the TOTAL amount for 2009. Even so, we maintain a beautiful lighted gated entry and landscaping along 30-A as well as our common areas. In addition we have a total of more than $75,000 divided between three different reserve accounts.
Just try to find any other neighborhood in the area with annual fees even double this amount. You can't. Most QUARTERLY fees are DOUBLE this amount. Just another good reason to invest in this property.
Several people have asked me about the Paradise by the Sea POA (Property Owners Association) Fees. The total annual fees for 2009 are $1,260. This is NOT a mis-print!!! This is the TOTAL amount for 2009. Even so, we maintain a beautiful lighted gated entry and landscaping along 30-A as well as our common areas. In addition we have a total of more than $75,000 divided between three different reserve accounts.
Just try to find any other neighborhood in the area with annual fees even double this amount. You can't. Most QUARTERLY fees are DOUBLE this amount. Just another good reason to invest in this property.
Edited
Beach LoverAuthor
Price reduced to $899,000!!!
However, at this price I'm not offering any owner financing. Purchased home for $1,820,000 four (4) years ago and have invested over $100,000 in improvements, renovations and furnishings since my purchase. My loss is your gain.
However, at this price I'm not offering any owner financing. Purchased home for $1,820,000 four (4) years ago and have invested over $100,000 in improvements, renovations and furnishings since my purchase. My loss is your gain.
Edited
Beach Fanatic
Hope to see this one tomorrow at 11 am!
Beach LoverAuthor
A Building Lot with Great Rental Income!!!
After some initial concerns the rental season appears to be shaping up nicely. This home is on track to generate $60,000+ in gross rentals this year, even with 2 weeks of owner occupancy during the rental season. That's slightly better than last year despite the poor economy.
Just a thought. What other building lot with this location, elevation, size and view could you buy for this price that generates this type of income? The fact that you can enjoy this property now, have the option to build another much larger home later (No buildout time requirement) combined with relatively low POA fees, insurance and taxes makes this property a unique value.
You can check it out from a rental perspective at Garrett Realty ~ Paradise Romantica - Seacrest Beach FL Vacation House
Have FUNN!!!
After some initial concerns the rental season appears to be shaping up nicely. This home is on track to generate $60,000+ in gross rentals this year, even with 2 weeks of owner occupancy during the rental season. That's slightly better than last year despite the poor economy.
Just a thought. What other building lot with this location, elevation, size and view could you buy for this price that generates this type of income? The fact that you can enjoy this property now, have the option to build another much larger home later (No buildout time requirement) combined with relatively low POA fees, insurance and taxes makes this property a unique value.
You can check it out from a rental perspective at Garrett Realty ~ Paradise Romantica - Seacrest Beach FL Vacation House
Have FUNN!!!
Beach Fanatic
Had a very good showing. My buyer is still thinking about this one. When it is sold buyers will be looking at vacant lots for the same price. Amazing views!
Beach LoverAuthor
Price Reduced to $849,900!!!
This is by far the best deal in Paradise by the Sea. Buy it as a lot, as a vacation home to enjoy now or both!
MLS Listing: 136 Paradise by the Sea
This is by far the best deal in Paradise by the Sea. Buy it as a lot, as a vacation home to enjoy now or both!
MLS Listing: 136 Paradise by the Sea
Edited
Beach Fanatic
This is by far the best deal in Paradise by the Sea. Buy it as a lot, as a vacation home to enjoy now or both!
MLS Listing: 136 Paradise by the Sea
Saw this go contingent!
Congrats and truly hope this works out! Buyer is getting a fine piece of Paradise!
Beach Comber
RE: 78 paradise by the sea
It's more like a 7,500 for the main house, although from 30-A it does look bigger - like the guest house and over garage house are part of it.
Then again, just 3 front balconies are another 1,800
Yes, the plans I have seen put all the new gulf front homes in the 8,000 - 10,000 sq. ft. range. I believe the heated square footage of Mr. Pearson's home is actually at the lower end of that range.
It's more like a 7,500 for the main house, although from 30-A it does look bigger - like the guest house and over garage house are part of it.
Then again, just 3 front balconies are another 1,800
Edited
SoWal Insider
Saw this go contingent!
Congrats and truly hope this works out! Buyer is getting a fine piece of Paradise!
Condolences and a shoulder to cry on might be a more appropriate response.
SoWal Insider
Condolences and a shoulder to cry on might be a more appropriate response.
A 56% haircut from 2005 price paid...I'm sure the seller was told back in 2005: "Now is a great time to buy!"
.
Edited
Beach Fanatic
that house at paradise sold for $770k or so down from the $1.85 mil the guy paid. i and 99% of others would have walked and not taken that lose. i'm sure he had to bring big $ to closing
Edited
Beach Lover
Wonder if he got full value for his private beach!
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