Description
Discover the epitome of luxury living in Watercolor Beachside Unit 5! Projected to produce $297K in gross rental income and offer a 4% cash on cash return annually, this beachfront escape is a top-producing investment property positioned in one of 30A's finest communities. Capturing sweeping Gulf views across a large beachfront balcony, this coastal escape displays the best that Watercolor has to offer. Enjoying unmatched amenities and a prime location, this rare four bedroom unit has a split level floor plan which lives like a home. Nestled in an exclusive gulf-front development, you are able to enjoy a community pool and private parking garage. The second level showcases striking Gulf views from the oversized beachfront balcony. The first level also has a huge covered deck offering direct access out to the pool & beach. The development has an elevator from the parking garage. The unit comes with a dedicated parking space in the garage and an outside space as well. This gorgeous beachfront residence will be sold fully-furnished making for a seamless purchase. This wonderful escape can host up to 10 guests and has proven success as a vacation rental. Rental income history, rental income projections & estimated expenses are available by request. Also inquire to receive more details on an assumable loan from the seller for $1,750,000 at 3.99% interest. This outstanding getaway is just a short stroll from the private beach access, Watercolor Beach Club, Camp Watercolor, Seaside and all the amazing dining & shopping options nearby. *Availability for showings: July 16th, 17th, 20th, 21st, 22nd & 28th*
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4BEDS
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N/AACRES
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3BATHS
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01/2 BATHS
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2,805SQFT
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$1,542$/SQFT
School Information
Description
Discover the epitome of luxury living in Watercolor Beachside Unit 5! Projected to produce $297K in gross rental income and offer a 4% cash on cash return annually, this beachfront escape is a top-producing investment property positioned in one of 30A's finest communities. Capturing sweeping Gulf views across a large beachfront balcony, this coastal escape displays the best that Watercolor has to offer. Enjoying unmatched amenities and a prime location, this rare four bedroom unit has a split level floor plan which lives like a home. Nestled in an exclusive gulf-front development, you are able to enjoy a community pool and private parking garage. The second level showcases striking Gulf views from the oversized beachfront balcony. The first level also has a huge covered deck offering direct access out to the pool & beach. The development has an elevator from the parking garage. The unit comes with a dedicated parking space in the garage and an outside space as well. This gorgeous beachfront residence will be sold fully-furnished making for a seamless purchase. This wonderful escape can host up to 10 guests and has proven success as a vacation rental. Rental income history, rental income projections & estimated expenses are available by request. Also inquire to receive more details on an assumable loan from the seller for $1,750,000 at 3.99% interest. This outstanding getaway is just a short stroll from the private beach access, Watercolor Beach Club, Camp Watercolor, Seaside and all the amazing dining & shopping options nearby. *Availability for showings: July 16th, 17th, 20th, 21st, 22nd & 28th*
© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or On The Coast Real Estate Group LLC. Vendor Member number: 28178. Data last updated: 2025-07-17T20:01:01.36.
Vendor Member #28178.