Active
9661 Navarre Pkwy
Navarre FL, 32566
$2,999,999
$1,230.01 per sqft
Active
3 Baths
2,439 sqft
Other
Built in 1955
***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!
649118
MLSⓇ ID
July 17, 2024
Listed
August 23, 2024
Updated
Map
9661 Navarre Pkwy
Navarre FL, 32566
Interior Features
Total Bathrooms
3
Full Bathrooms
3
Appliances
Electric Water Heater
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Central
Exterior/Building Features
Roof
Metal
Sewer
Public Sewer
School Information
High School
Navarre
Elementary School
Holley/Navarre
Other Property Details
Days on Market
1
Garage
No
View
Yes
View Description
Sound
County
Santa Rosa
Water Source
Public
Pool
No
Waterfront
Yes
Courtesy of Levin Rinke Realty, Jon Worley,
Listing Contact:
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Last updated 8/23/2024 9:11 AM UTC