Active
9661 Navarre Parkway
Navarre FL, 32566
$2,999,999
$489.48 per sqft
Active
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
August 26, 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
13
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
Courtesy of Levin Rinke Realty, The White Sands Team,
Listing Contact: [email protected]
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Data last updated 1:57 PM UTC, 8/26/2024