Michael Billings - Certified Resort & Second-Home Property Specialist - Realtor



$5,499,999

829 Secluded Dunes Dr
Cape San Blas, FL 32456
9 Beds, 9.0 Bath
Gulf Gulf,Bay - #312396

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Attributes

Detached Single Family
5625
2021
0.43
58.6x263
58.6x263
HardiPlank Type, ICFs (Insulated Concrete Forms)
Atrium, Ceiling Treyed/Coffered, Drapery Rods, Fireplace 2+, Lighting Recessed, Pantry, Security System, Wallpaper, Wet Bar, Woodwork Painted, Dumb Waiter, Fireplace Gas, Lock Out Closet, Plantation Shutters, Woodwork Stained, Breakfast Bar, Computer Controlled Security System, Elevator, Inside Storage, Window Treatment All, Breakfast Nook, Ceiling Crown Molding, Fire Alarm/Sprinkler System, Sump Pump, Walls Wainscoting, Built-in Bookcase, Ceiling Raised, Fireplace, Kitchen Island, Smoke Detector, Walk-in Closet, Washer/Dryer Hookup
Under House With Pad, Guest
Residential Single Family
Secluded Dunes

Description

Welcome to "Making Memories on the Cape". Prominently placed in the gated luxury community of Secluded Dunes, this home is perched at 30 feet above sea level encompassing 56.8 feet of gulf frontage. This home offers resort-style amenities, breathtaking views and finishes, commercial quality construction by a respected and local builder, and is made all the more sublime by the architectural design of a 30A architect. Boasting 9 beds, 9 full and 2 half baths, this home is equipped to sleep up to 28 people, making this a great option for those with large families and for those seeking ROI. Completed at the end of 2021, this architectural masterpiece rivals all homes along the Emerald Coast, yet provides the tranquility and the serenity we long for! INVESTMENT ALERT: This property is on track to gross over $500k in revenues for 2024! Equating for 4 weeks of owner usage (40k income plus), this home realizes a 6% CAP Rate, which is nearly impossible for a waterfront home anywhere along the Florida Panhandle! Look for the proforma in the docs section of the listing. Here is a link to a virtual tour of this amazing property: Video:https://youtu.be/9cUjHADrHpI

Media:
Virtual Tour



Property information provided by the REALTOR'S� Association of Franklin and Gulf Counties, Inc.. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
RSPS logo - Resort and Second Home Property Specialist
michaelbillings@sgirealty.com
850.228.8100

115 West Gulf Beach Drive
St. George Island, FL 32328

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ABR logo - Accredited Buyer's Representative