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3463 Scenic Hwy 98

Destin, FL 32541
  • $6,495,000
  • STATUS: Pending
  • ON SITE: 125 Days
  • MLS #: 889145
Pending
UPDATED: 45 min ago
$6,495,000
  • 8
    BEDS
  • 0.31
    ACRES
  • 8
    BATHS
  • 1
    1/2 BATHS
  • 6,465
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2015
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Welcome to Splash! This vacation rental is an investor's dream come true, being one of the best (if not THE best) renting properties anywhere. As of today, the 2022 bookings are already over $600K....which is the base rent only. It already has over $70K booked for 2023! In addition to the rent, a substantial amount of additional income is generated by ancillary fees and services. Boasting the largest private, resort-style pool in Destin, it has another unique asset which almost no other home in the area can offer. As it is PERMANENTLY grandfathered by the Bert Harris act, it is not subject to the restrictive occupancy & parking ordinances recently imposed by the City of Destin (please see the attached document). Most other rental homes which have achieved this status, are onlygrandfathered for 5 years....with only 2-3 years remaining. This one is forever, guaranteeing continued higher revenue in the future. Sleeping 34 people, it's ideal for large reunions, weddings, parties, retreats and such. Splash also offers a beautiful outdoor kitchen & fireplace, 3 full-size washers & dryers, numerous refrigerators & ice machines, a huge open living area with lots of room for dining, 7 balconies, a sunken bar in the pool (with 12 underwater chairs), huge garage, game room and a 4th story rooftop deck so you can enjoy sunset every day. The home is just steps to the beach, walking distance to restaurants and close to shopping, golf, dining and all activities our beautiful paradise has to offer! Because the owners have decided to voluntarily make some improvements and upgrades (for example, adding a roof to the third floor balcony, decorative tile work in the outdoor kitchen and changing some stone work around the pool), they are NOT PERMITTING SHOWINGS UNTIL COMPLETION on February 8th. You may submit an offer contingent upon a personal inspection. Proof of funds must accompany any offers and a CRSP-16 is preferred.

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© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Vendor Member number: 28178. Data last updated: 2022-05-22T11:59:37.73.
Vendor Member #28178.
www.scenicsir.com/homes/124807956
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3463 Scenic Hwy 98 Destin, FL 32541

  • Price: $6,495,000
  • Status: Pending
  • On Site: 125 Days
  • Updated: 45 min ago
  • MLS #: 889145
8
Beds
8
Baths
1
½ Baths
0.31
Acres
6,465
SQFT
$0
$/SQFT
2015
Built
Neighborhood:
Grand Palms S/D
County:
Okaloosa
Area:
Destin
Elementary School:
Destin
Middle School:
Destin
High School:
Fort Walton Beach
Property Description
Welcome to Splash! This vacation rental is an investor's dream come true, being one of the best (if not THE best) renting properties anywhere. As of today, the 2022 bookings are already over $600K....which is the base rent only. It already has over $70K booked for 2023! In addition to the rent, a substantial amount of additional income is generated by ancillary fees and services. Boasting the largest private, resort-style pool in Destin, it has another unique asset which almost no other home in the area can offer. As it is PERMANENTLY grandfathered by the Bert Harris act, it is not subject to the restrictive occupancy & parking ordinances recently imposed by the City of Destin (please see the attached document). Most other rental homes which have achieved this status, are onlygrandfathered for 5 years....with only 2-3 years remaining. This one is forever, guaranteeing continued higher revenue in the future. Sleeping 34 people, it's ideal for large reunions, weddings, parties, retreats and such. Splash also offers a beautiful outdoor kitchen & fireplace, 3 full-size washers & dryers, numerous refrigerators & ice machines, a huge open living area with lots of room for dining, 7 balconies, a sunken bar in the pool (with 12 underwater chairs), huge garage, game room and a 4th story rooftop deck so you can enjoy sunset every day. The home is just steps to the beach, walking distance to restaurants and close to shopping, golf, dining and all activities our beautiful paradise has to offer! Because the owners have decided to voluntarily make some improvements and upgrades (for example, adding a roof to the third floor balcony, decorative tile work in the outdoor kitchen and changing some stone work around the pool), they are NOT PERMITTING SHOWINGS UNTIL COMPLETION on February 8th. You may submit an offer contingent upon a personal inspection. Proof of funds must accompany any offers and a CRSP-16 is preferred.
Exterior Features

Architectural Style Beach House Attached Garage YN No Construction Materials FrameStucco Exterior Features BalconyBbq Pit/GrillColumnsDeck CoveredFenced Back YardFenced PrivacyHot TubPatio OpenPool - Gunite ConcrtPool - In-GroundShowerSprinkler SystemSummer Kitchen Lot Features Within 1/2 Mile To Water Lot Size Dimensions 60X215 Parking Features Garage AttachedOversized View Gulf

Interior Features

Cooling Ceiling Fan(S) Cooling YN Yes Interior Features Built-In BookcasesCeiling Crwn MoldingCeiling RaisedElevatorFireplaceFloor TileFurnished - AllHallway Bunk BedsKitchen IslandLighting RecessedLighting TrackNewly PaintedPantryShelvingWasher/Dryer HookupWet Bar Kitchen Appliances Auto Garage Door OpnCentral VacuumCooktopDishwasherDisposalDryerFire Alarm/SprinklerFreezerIce MachineMicrowaveRefrigeratorRefrigerator W/IcemkSmoke DetectorStove/Oven ElectricStove/Oven GasWasherWine Refrigerator Room Type BedroomFamily RoomDining RoomLiving RoomKitchen Rooms Total 10

Property Features

Association Fee Frequency Annually Association Fee Includes AccountingLegalLicenses/PermitsManagementMaster AssociationRecreational Faclty Association Fee2 2472.74 Association YN Yes Buyer Financing Conventional Community Features BeachCommunity RoomPoolTennis New Construction YN No Property Class Residential Property Condition Construction Complete Property Sub Type Detached Single Family Tax Amount 33054 Tax Year 2021 Utilities ElectricGas - NaturalPublic SewerPublic WaterTv Cable Zoning Resid Single Family

Listing courtesy of Keller Williams Realty Destin.


© 2022 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Vendor Member number: 28178. Data last updated: 2022-05-22T11:59:37.73.
Vendor Member #28178.
 
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