Beach Front Home with Great Income

$1,199,000
3
3
2,500
sq. ft.
$480
per sq ft
Heated sq ft: 1,584 sq ft
Avg Nightly Rate: $415
Home Legally Sleeps: 8
Occupancy Rate: 44 weeks
Annual Gross Income : 117000
Annual Net Operating Income : 55833
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Beach, Pet Friendly
New Construction: Yes
Days on Vrolio: 21

Property Description

Serendipity is a 3 bedroom, 3 ½ bathroom detached single family house with many amenities. It is a very popular home for families, couples, friends and snow birds. The house is rented nearly every week of the year and generates well over $100,000 GRI year after year (this year we already have over $125k booked with dates still open)! It is in the heart of St. George Island, FL within walking distance to shops, restaurants, attractions and the playground. Each bedroom has an attached full bathroom, flat screen TV and fabulous views! The master bathroom and upstairs bathroom were recently renovated and have a walk in shower. The middle bathroom has a tub shower combo. The renovated kitchen has new black stainless appliances, granite counter tops, glass tiled back splash and is fully equipped, it opens up to the spacious living and dining area with a large sliding door to the partially covered upper deck. This meticulously maintained home comes with many amenities including a private game room, hot tub, all furnishings, decor and outdoor hot and cold shower. The “outside” game room under the stilt house is enclosed for privacy. It features the large hot tub with a view of the gulf, pool table and foos ball which will all be included in the sale! The hot and cold outdoor shower is in the game room and there is also a fish cleaning sink. Serendipity has one of the largest decks of the comparable houses. They are furnished with Polywood brand rockers, Adirondack chairs and dining table with chairs to enjoy the outdoors and wonderful view of the Gulf. The 2 decks and game room are connected with a outdoor staircases which is a unique feature in these houses. Being the first house gives you a perfect view of the newly renovated 79' St. George Island Lighthouse and additional views of the Gulf as well as views of the sunset! The boardwalk (which was rebuilt in 2020), just off the back deck, provides instant access to one of the world's most beautiful beaches (ranked #4 on Dr. Beach's list for 2021: https://www.drbeach.org/#/stgeorgeislandstatepark/). The back yard has a covered park-style charcoal grill and an additional outdoor shower. We have sleeping for 8 guests (2 king beds, 1 queen bed and 1 queen sleeper sofa). Other similar homes sleep more. St. George Island is an island off of the Florida Panhandle. Besides the beautiful beaches, it is a very popular destination being a dog-friendly island, relaxed atmosphere, great fishing, proximity to many metropolises and lack of high rise buildings. People come to St. George Island year round to enjoy "old Florida" at its best.

Presented by:
Owner:
lucinda roenicke
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 511
Low: 119
Peak: 570
Special Event: 540
Avarage: 415.00
Furniture Age
2
Est Value of Furnishings
$35,000
Peak & High Seasons
March, April, May, June, July, August, September, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
To reduce our inventory and work load.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
117000
Net Operating Income
55833
Stories
3
Additional Indoor Rooms
Game Room, Living Room, Multiple Master Suites, Other
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric)
Floor Coverings
Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Double pane-low emissivity windows, Energy Star appliances, Programmable thermostat
Year built
2003
Outdoor Features
Above Ground Spa, Deck, Porch - Not screened, Walk Out Balcony, Other
View
Beach, Ocean, Other
Backyard Exposure
South
Lot Size
The lot is 6915 sq. feet. It is beach front with wonderful views of the Light house, beach, sunrise, sun sets and park.
Community Features
Not Located Inside Community
Tax Amount/Year
$5,202
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Not Located Inside Community
Mandatory HOA
Inquire
Home Legally Sleeps:
8
Onsite Parking
The large driveway can accommodate 5 cars
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$0.09
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
44
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
$2.72
Cleaning Fee
$150.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
$1,089.00
Yard & Pest Control (Annual)
$885.00
Pool & Spa Maintinence (Annual)
$1,560.00
Electricity (Annual)
$3,013.00
Water/Sewer (Annual)
$1,260.00
Cable/Interbet (Annual)
$1,696.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$5,202.00
Homeowner's Insurance (Annual)
$3,556.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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