Pending

9661 Navarre Parkway

Navarre FL, 32566

$2,999,999


$489.48 per sqft

Pending

15 Beds

9 Baths

6,129 sqft

Residential

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!

954828

MLS ID

July 25, 2024

Listed

November 22, 2024

Updated

Map

9661 Navarre Parkway
Navarre FL, 32566

Interior Features

Total Stories

1


Bedrooms

15


Total Bathrooms

9


Full Bathrooms

9


Interior Features

Breakfast Bar, Fireplace, Floor Tile, Floor WW Carpet, Split Bedroom, Washer/Dryer Hookup


Appliances

Dishwasher, Oven Continue Clean, Range Hood, Refrigerator, Security System, Smoke Detector


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Gas


Heating

No

Exterior/Building Features

Lot Size

2.1 Acres


Exterior Features

Patio Open


Lot Features

Bulkhead/Seawall, Flood Insurance Req, Interior, Level, Within 1/2 Mile to Water, Wooded


Architectual Style

Other

School Information

High School

Navarre


Elementary School

Holley-Navarre

Other Property Details

Area Name

11 - Navarre/Gulf Breeze


Taxes

$10,872


Tax Frequency

Annually


Days on Market

96


Garage

Yes


Garage Spaces

2


Parking

Garage, Oversized, RV


View

Yes


View Description

Sound


County

Santa Rosa


Pool

No


Waterfront

Yes


Zoning

Resid Single Family

Listing History

Date

Event

Price

10/30/2024

Pending

Courtesy of Levin Rinke Realty, The White Sands Team,
Listing Contact: [email protected] 

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