179 S County Hwy 393 Building No. ONE

Details

CALL FOR OFFERS! ALL OFFERS DUE NO LATER THAN 5:00 PM CENTRAL STANDARD TIME, THURSDAY, OCTOBER 31, 2024.Welcome to Pinewood 30-A, located at 179 South County Highway 393, Santa Rosa Beach, Florida. Pinewood is the newest gem of Walton County's Emerald Coast! This newly constructed 30-unit condominium building is an investor's dream, the vacation rental units are perfectly situated in one of the top destinations in the United States.This offering is for Building Number One only. Pinewood 30-A, Building One is a #30 unit, fully-furnished, turn-key, short-term rental property. The unit mix includes #2, 4 Bedroom/4 Bath units, #14, 2 Bedroom/2 Bath units, and #14 1 Bedroom/1 Bath units. The building plans and floor plans are attachedThese fully furnished turn-key units offer hassle-free rental management services including maid service and maintenance, making them ideal for the short term rental market. . White glove service in Northwest Florida, one of America's top short term/vacation rental markets. The community amenities include a heated pool, a full-service fitness center, 1,400 acres of walking trails Point Washington State Forest, and a shuttle service to the beach, making it an unbeatable vacation destination for renters.This exclusive 30-unit building will only be sold as a whole, so don't miss your chance to invest in a piece of this luxury South Walton development. The new homes sales team has already sold 28 individual units in the adjacent buildings, with pending sales inventory occurring each week.The Pinewood 30-A development, consisting of 126 condo units, is also located in a prime location south of Highway 98 and boasts a golf cart road and new bike sidewalk to the beach, backing onto Point Washington State Forest. Enjoy over 1,400 acres of recreation and trails in this serene and untouched natural setting.With furnished underserved long term rental opportunities, this investment offers flexible income streams for owners between short and long term rentals. And with a bulk sale purchase, all units can be sold over time, strategically timed to maximize future upside.The gated Pinewood project also enjoys a heated community pool and 29 acres of pine trees, adding to the exclusivity of this development. Located close to San Destin resorts with golf and tennis, world-class fishing, shopping and restaurants along 30-A, and sugar sand, emerald water beaches, this property is truly unbeatable.Don't miss out on this opportunity to own a fully furnished, rental ready, turn-key investment in one of Florida's fastest growing counties with over 5 million vacationers per year. Short term rental management company on-site, making ownership a breeze. Contact to grow your investments!Bright, modern decor and large closets with brand new GE upgraded stainless steel appliance package.The community has top of the line maid services, gorgeous heated community pools, and a fitness center.Located in pristine pine forest providing natural beauty while still within 1.3 miles to beautiful beaches.The developer has plans for Fine-dining restaurant, general store, and a coffee shop in the adjacent building.The seller's proforma supports a Net Operating Income of $1,505,000. Based on the sale price of $18,500,000, the Cap Rate equates to 8.14%. With a full-priced sale, the seller will guarantee the proforma rental income for the initial one year following the closing date. Financials, plans, upgrades, furnishing packages, and additional details are available upon request.