485 Forest Street Street

Santa Rosa Beach, FL 32459 View Map $2,595,000 Schedule a Tour
Beds6
Baths5Full11/2
Sq.Ft.2,891
Year1990
Miller Admin

Miller Admin

(850) 249-6655
Schedule a Tour Ask a Question
Status: Active
Property Type:Detached Single Family
MLS #:840315
Sq. Feet:2,891
On Site:104 Days
Lot Size:N/A
County:Walton
The residential property located in the attractive urban village of Seaside Florida is available to a purchaser seeking an unparalleled flexibility of balance between personal home, vacation rental and investment property. The offering comprises two freestanding two-story timber cottages on one generous-sized lot about 1000-feet setback from the Gulf of Mexico along the popular tourist 30-A corridor in the northwest Florida panhandle. Each cottage has its own access, parking, porches, and interior areas. Each may accommodate the owner's family, with an independent rental party in the adjacent cottage, or may be rented to two unrelated parties, or may be combined as a rental to one extended party. The ''main house'' cottage provides five bedrooms, four and half baths, two screened porches, a soaring ceiling dining room, open plan kitchen, spacious living room with gas log fireplace, two private outdoor showers, two parking spaces, a laundry room and oversized charcoal BBQ. Two bedrooms are fitted with king beds, one bedroom has a special private balcony and queen bed, one bedroom has twin bedding, and the fourth bedroom is configured for children or teenagers with two bunk beds. The house comfortably sleeps twelve. Two of the bedrooms have private baths with walk-in showers, one bedroom has a private half-bath, and the other two bedrooms share a larger bathroom with a tub and additional walk-in shower. The "carriage house" cottage has one bedroom with a queen four-poster bed, adjacent bathroom with walk-in shower and laundry downstairs and a full kitchen, living room and balcony on the second level. The staircase between the two levels is more accessible than most stairs found in carriage houses in the Seaside community. This cottage has dedicated off-street parking, a private entry, screened front porch and a gas BBQ grill. The property was designed by Seaside resident architect Deborah Burke in the mid-1980's and was owned by one family as a holiday rental investment for over 30 years. Ms. Burke was named a recipient of the Seaside Prize in urban architecture in 2018 and is currently the chair of the Yale University School of Architecture and maintains a thriving practice based in New York City. A signature design feature of the main house is Ms. Burke's circular staircase. The property was acquired in 2016 by the current owners, who oversaw significant renovations and upgrades in a year-long project in 2017. While maintaining the conceptual integrity of the original intent, the two houses now have three new heating / air conditioning systems, three new on-demand gas water heaters, a new roof, new underfloor closed-cell foam insulation, new lighting, new bathroom fixtures and new kitchen and laundry appliances. New furnishings and artwork throughout both houses complement the refinished light hardwood floors and soft alabaster painted timber shiplap walls and ceilings. The property is being sold fully furnished. Starting in January 2018, the main house became available for short-term rentals through Seaside's Homeowner's Collection marketing and management agency. Two years of rental history is available, with gross rental bookings for the main house in calendar 2019 amounting to $105,000 despite an atypical slow rental period across the region in early 2019. The current owners lived personally in the carriage house from December 2017 until late Spring 2019, at which time they purchased a second cottage in Seaside. Beginning in May 2019, the carriage house was placed under a rental agency agreement with Homeowner's Collection. Annualized gross rentals for this second unit are $54,000 for the recent period when combining seven months of actual results and five months firm forward bookings. While future rental performance is never a certainty, strong forward bookings, substantially in excess of this time last year, suggest gross rental income combined for calendar year 2020 may exceed $176,344. Some art has changed since photos were taken

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:485 Forest Street Street Santa Rosa Beach, FL 32459
County:Walton
Subdivision:Seaside 04
Zip Code:32459

School Information

High School:South Walton
Middle School:Seaside
Elementary School:Bay

Architecture

Bedrooms: 6
Bathrooms: 5 Full / 1 Half
Year Built:1990
Stories:2
Style:Beach House
Construction Features: Foundation On Piling, Frame, Roof Metal, Roof Pitched, Siding Wood, Trim Wood

Features / Amenities

Total Sq. Ft.:2891
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Wine Refrigerator
Interior Features: Breakfast Bar, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Lock Out, Renovated, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
Exterior Features: Balcony, Fenced Lot-Part, Guest Quarters, Porch Screened, Shower
Pool Type: Community
Driveway Spaces: 1.00
Street Spaces: 2.00
Energy Features: AC - 2 or More, AC - Central Elect, Water Heater - Gas, Water Heater - Tnkls

Property Features

Lot Dimensions:70'x70'
Lot Features: Covenants, Interior, Level, Restrictions, Within 1/2 Mile to Water
Project Facilities: Beach, Deed Access, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront
Utilities: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, TV Cable, Underground
Lot Access: Paved Road, Private Road
Zoning:County,Resid Single Family
Directions:In Seaside from 30A turn on to east Quincy Street, right on Seaside Ave, left on Forest St.House is on left. Name of cottages: Fresh Cream and Whipped Cream.

Tax and Financial Info

Tax Amount: 15764.47
Tax Year: 2019
Financing: Conventional
Fees Include: Security, Trash
Fees: 3604.00
Fee Term: Annually

Schools

WALKING AND TRANSPORTATION

0
Wait...
Walk Score ®
0
Wait...
Transit Score ®
0
Wait...
Bike Score ®
Please wait while loading...

Schedule a Tour

485 Forest Street Street Santa Rosa Beach, FL 32459
GO SEE THIS LISTING
485 Forest Street Street Santa Rosa Beach, FL 32459
 
ASAP
Wed
27
May
Thu
28
May
Fri
29
May
Sat
30
May
Sun
31
May
Mon
1
Jun
Tue
2
Jun
Choose Your Date -- It's Free, Cancel Anytime
Printable Flyer Get Directions
Listing Information Last Updated 5/26/2020
Listing provided courtesy of Seaside Community Realty Inc.
Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2020, All rights reserved.