250 Marlberry Trace, Santa Rosa Beach, FL 32459
Local realty services provided by:ERA American Real Estate
250 Marlberry Trace,Santa Rosa Beach, FL 32459
$589,000
- 4 Beds
- 3 Baths
- 2,181 sq. ft.
- Single family
- Active
Listed by: daniel d walker, spears group
Office: compass
MLS#:986377
Source:FL_ECAR
Price summary
- Price:$589,000
- Price per sq. ft.:$270.06
About this home
Great deal on a great property. Recent appraisal for $660k. $3500 month rental. Property has been updated. All appliances and carpet are less than 1 year old. Kitchen and bathroom updates are less than 2 years old. For a cash buyer, they can walk into this property under 90% of the value and can achieve a 6% cap rate. Great gated community in a great location! This is the first time the property has been listed with the upgrades! Updates include, but are not limited to, totally new kitchen countertops, cabinets, and appliances, a new master bathroom shower, new flooring, countertops, cabinets, and a 2-person hydrotherapy soaking tub, new carpet throughout, new paint throughout, a new water heater, and a back patio, to name some The living room has real cherry wood hardwood flooring. The master bathroom and kitchen were covered in level 4 Quartz and tile. Over 50k in upgrades used within the last 2 years! The Hidden Grove Neighborhood is one of the hidden gyms in Walton County with a gated entrance, a large community pool, and walking paths with dimmed street lights throughout. Great location within a 5-minute drive to the beach, to Butler Elementary, Grand Blvd, Sacred Heart Hospital, Walmart and SanDestin. The property currently has a renter paying $3500 a month with excellent payment history. The tenant would like to continue to rent the place and will sign another 12-month lease. If the renter is not kept, a 60-day notice will be required. For a cash buyer, this will produce over a 6% cap rate at under 90% of appraised value. Finding a deal like this along the 30A corridor is like finding a needle in a haystack. Whether you are looking for a spacious 4-bedroom home to live in or if you want a low-maintenance second home in a safe and secure location, you must put this home on your list to see! *All info is accurate to the best of our knowledge, but should be verified if concerned*
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Home facts
- Year built:2015
- Listing ID #:986377
- Added:107 day(s) ago
- Updated:January 17, 2026 at 08:31 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Living area:2,181 sq. ft.
Structure and exterior
- Year built:2015
- Building area:2,181 sq. ft.
- Lot area:0.12 Acres
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Van R Butler
Utilities
- Water:Public Water
Finances and disclosures
- Price:$589,000
- Price per sq. ft.:$270.06
- Tax amount:$2,644 (2024)
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