Amazing year-round income on this water front home.

$1,225,000
3
3
3,188
sq. ft.
$384
per sq ft
Heated sq ft: 1,344 sq ft
Avg Nightly Rate: $423
Home Legally Sleeps: 8
Occupancy Rate: 46 weeks
Annual Gross Income : 117745
Annual Net Operating Income : 75900
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, Couples/Romance, Nature, Pet Friendly
New Construction: Yes
Days on Vrolio: 111

Property Description

Great GRI on beautiful St. George Island, Florida! Year-round rentals, many repeat guests, popular dog friendly island. St. George Island is on Florida's Forgotten coast on the Panhandle. Located 1.5 hours from either Panama City or Tallahassee. There are no high rises or chain stores on St. George Island, it is still a quiet island that vacationers love. Shorely Fun is a popular vacation home on the Apalachicola bay and also on a canal! 164' of water frontage offers privacy and views! The house features a private in-ground pool, private dock with fish cleaning sink, hot/cold outdoor shower, hot tub, pool table, foos ball table, ping pong table, kayak launch and plenty of outdoor and indoor space. A unique St. George Island house with 180 degree views of the bay and surrounding area. The house has 3 bedrooms and 3 bathrooms. 2 bedrooms have king beds with attached bathrooms. The third bedroom has a queen bed. The 3rd bathroom is just across from the queen bedroom. All bedrooms have flat screen TVs . There is a queen pull out sofa in the living room for additional sleeping and a pack and play. The kitchen has stainless appliances, full size washer and dryer, large pantry, granite counter tops and is fully equipped. The living area has a TV, blu ray DVD and radio/CD player. There are plenty of windows to enjoy the views from every room in the house. The windows and doors are all impact resistant to withstand hurricane force winds. Shorely Fun has large decks with plenty of rockers and outdoor seating to enjoy the view of the bay or dining al fresco. It is located in a quiet area, only minutes to restaurants, shopping, beach access and the St. George Island light house. Shorely Fun is a huge money maker!! 2021 GRI so far is over $128,000 with dates open to rent. Next year (2022) we already have $73,900 on the books.

Presented by:
Owner:
lucinda roenicke
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 565
Low: 315
Peak: 475
Special Event: 407
Avarage: 423.00
Furniture Age
6
Est Value of Furnishings
$2,500
Peak & High Seasons
March, April, May, June, July, August, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
We have 8 vacation homes and we are trying to reduce our inventory
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
117745
Net Operating Income
75900
Stories
1
Additional Indoor Rooms
Game Room, Living Room, Multiple Master Suites, Other
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric)
Floor Coverings
Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Double pane-low emissivity windows, Energy Efficient Insulation, Energy Star appliances, Low flow faucets/toilets, Programmable thermostat
Year built
2003
Outdoor Features
Above Ground Spa, Deck, Dock, Fenced/Gated Yard, Inground Pool, Porch - Not screened, Porte Cochere, Other
View
Ocean, Other
Backyard Exposure
Northwest
Lot Size
The lot is 1/3 of an acre. there is additional land fill from dredging he canal making the lot .4 acres
Community Features
Tax Amount/Year
$4,157
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
8
Onsite Parking
There is a large high carport for at least 2 cars/boats/campers. There is extra parking in the driveway and in front of the house
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
$0.10
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
46
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
$2.97
Cleaning Fee
$150.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
$950.00
Yard & Pest Control (Annual)
$1,340.00
Pool & Spa Maintinence (Annual)
$2,880.00
Electricity (Annual)
$3,240.00
Water/Sewer (Annual)
$1,125.00
Cable/Interbet (Annual)
$1,526.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$4,157.00
Homeowner's Insurance (Annual)
$2,172.00
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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