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    138 N Myrtle Dr, Unit 122 Santa Rosa Beach, FL 32459

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    For Sale
    $510,000

    Townhouse near the beach with excellent rental history.

    Lot size:
    0.02 Acres

    Property Features for 138 N Myrtle Dr

    General Information

    Lot size
    0.02 Acres

    Building Details

    Year built
    1983

    Source: Joe Burton Realty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seagrove Beach Townhouse Rental Property

    Located in Cassine Gardens in Seagrove Beach, this townhouse, known as 'Hippie Hideaway', is an excellent rental property with a proven track record on Air BnB, generating $30,000 in 2024. It also serves as a relaxing retreat for friends and family. The property benefits from recent upgrades completed in 2022, including a new HVAC system, water heater, flooring, ceiling, stove, dryer, bathroom tiles, lighting, ceiling fans, interior doors, countertops, vanities, and kitchen sink. New mattresses and bunk beds have also been installed. Three outdoor closets provide ample storage space for beach equipment. Situated on the front row, the townhouse offers convenient access to 300 feet of public beach. Cassine Gardens features two pools, tennis courts, and a nature trail leading into the Pt. Washington State Forest. The property is located close to shopping and dining.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Realty agency Nail Salon Auto Repair Shop Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.1060352
    Latitude
    30.3113553

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    FAQs

    What type of property is this?
    Short term rental property - Townhouse near the beach with excellent rental history.
    Where is this short term rental property located?
    The property is located at 138 N Myrtle Dr, Unit 122 Santa Rosa Beach, FL.
    What is the asking price?
    The asking price for this property is $510,000.
    What are key features of this property?
    This property features: - Excellent rental property with proven income of $30,000 in 2024.; - Easy walk to 300 feet of public beach access.; - Recent 2022 upgrades include new HVAC, water heater, flooring, appliances, and bathrooms.
    (850) 428-0172
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138 N Myrtle Dr, Unit 122 Santa Rosa Beach, FL 32459
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