Asking price is firm. The price is $5000 above the sales price of a plain Luau studio that has not undergone a $25,000 renovation to add a full kitchen, tile, etc.. $6800 in 2019 future bookings to convey to new owner, minus property manager commission. Asking price is firm. The price is $5000 above the sales price of a plain Luau studio that has not undergone a $25,000 renovation to add a full kitchen, Tile, etc. See Walton County Property Appraisers website. Approximately $6800 in 2019 future bookings to convey to new owner, minus property manager commission. 2017 Historical Annual Revenue – Yours will be different Rent Only Payments (No Sales Tax, No Cleaning fees) $23,942.00 2017 Historical Fixed Expense - You will also incur other variable Expenses Sunshine Shuttle $500.00 Kaba Keyless Entry Annual Fee $297.40 VRBO Internet Advertising $359.10 Gulf Power Electricity $738.00 Luau Home Owners $3,124.68 Sandestin Home owners $1,451.00 Property Taxes $1,208.00 Hazard Insurance $864.00 Buyer should do their own Revenue and Expense projections, these were my historical numbers, yours will be different. Luau Studio Condos have appreciated an average of approximately $11,250 per year since 2010, according to the Walton County property Appraisers Website data. Sale in 2010: $78,000. Sale in 2018: $168,000 VRBO Listing: www.vrbo.com/287470 It is the ONLY studio in Luau with full kitchen. This Luau studio condo has undergone a major remodel incorporating a full kitchen and upgraded amenities not found in any other Sandestin studio. Upgraded amenities unique to this studio unit include; a full kitchen with granite countertops, custom cabinetry, stainless steel electric range with a 4 burner cooktop, full sized microwave oven, full sized stainless refrigerator/freezer with automatic icemaker (very important on those balmy beach days!), stainless dishwasher and sink, an awesome 46" wall mounted flat screen television, keyless entry, and wall to wall ceramic tile. Custom built, soft-close, bathroom cabinets provide storage for linens, necessities, make-up, etc. In keeping with the local flavor, this unit has a relaxing beach inspired motif which is carried throughout with elegant, inviting furnishings and personal touches that make the unit feel like your 'home away from home. With a brand new, king-sized Sealy Posturepedic bed, a pull-out full sofa bed, and separate living/dining areas, this unit can comfortably accommodate a family of four (2 adults/2 children). Floor to ceiling sliding glass doors are your gateway from the living area to your private balcony where you can enjoy preferred western sunset views of which no two are the same, yet all are spectacular. And, with the tenth floor location, you can indulge in an unparalleled panoramic view of the gulf, the bay, and the 4300 sq ft saltwater pool. Each unit is sold with a private storage area where you can store beach equipment, bikes, etc. Luau is the newest project on the beachside of the expansive, 2,400 acre Sandestin Resort. Sandestin offers endless entertainment/dining opportunities, as well as any watersport you could imagine. HOA Dues: Luau =$260.39/monthly, Sandestin=$362.75/quarterly. Buyers agents welcome. Seller will not pay commission. Will not list with any agent. VRBO Listing: www.vrbo.com/287470
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
