567 Pitts Bayshore Drive
About This Property
Welcome to this very well-kept Grande home with emphasis placed on the gathering places throughout the home being large and spacious from the formal dining /family rooms to the living room, the large kitchen and out to the Florida room. Plenty of space for everyone to spread-out and have lots of 'elbow room' to spare.
The kitchen is filled with an abundance of solid wood cabinet and lots of counter space and is equipped with windows offering views of Jolly Bay. The split floorplan has sizeable bedrooms on each end of the home (each with an ensuite), laundry room down the hall just before entering the oversized double car garage. This garage has a wall full of solid wood cabinets, wood shelving, small work bench and tool storage. Note: Kitchen appliances will remain as well as washer/dryer.
The Florida room is an extraordinary space that can be utilized for many indoor-outdoor living spaces with a covered patio at the end. The homeowner loved this room due to its tranquil setting. Countless hours accumulated over the years that were spent painting, reading, enjoying morning coffee & making an abundance of great memories. The home was oriented with all the rooms located on the backside of the home overlooking the waterfront allowing folks to wake up to bay living!
It boasts of a 540 sqft (18' x 30') workshop complete with power & water. It is the perfect place to store all your fishing gear & tackle, yard equipment and tools, etc located right next to the dock & boatlift (boat not included). Bring your boat to store in the boathouse, ready to embrace and explore the multitude of navigable waters in this region from Jolly Bay, Black Creek, the Choctawhatchee Bay with its' many bayous or head right to Crab Island or the Gulf of Mexico all setting the stage for incredible watersport, fishing, swimming, and boating opportunities.
Not only does this bayfront sanctuary provide a peaceful and private retreat, it is also conveniently located close to all that South Walton County has to offer from the white sandy beaches of Florida's Emerald Gulf Coast (beach lover's dream) to exploring local nature preserves & natural habitats, array of the finest shopping and restaurants from casual to fine dining, entertainment and so much more!! It's the best life living in Florida's Panhandle!
The solid bayfront home offers a wonderful canvas to dream, dreams and make many incredible memories here! Let's get started.. this home is waiting for you to make it your own!! Call to check it out today!
Metal Roof - 2017
HVAC Jan 2024
Electrical Panel box updated Feb 2023
H/W & plumbing updated Feb 2023
Notes:
There is a sprinkler system, however, it is not currently working. The seller thinks it may have been frozen during winter and does not intend to repair it. Being sold "as is".
There is a stain on the workshop doors. That is from rainwater coming down & hitting the door, not flood waters. Per the owner, flood waters have only come up to the edge of the workshop, but never made it inside.
Room and lot dimensions are approximate. Buyers responsible for verification of all information of importance.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017