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$2,895,000

Two minute golf cart ride to street parking in front of the Sugarwood Beach subdivision and 100 steps to the sand at Greenwood Beach Access. Seagrove beach is arguably one of the best and least crowded beaches that 30A offers. This dreamy, rehabbed, Coastal Cottage, radiates Southern Charm, with breezy oversized wrapped around porches that allow exits on multiple sides including the downstairs Primary suite. The home was designed to accommodate multi-generational families in a neighborhood with many full time Owners, either second homes, or their forever home, tucked away in this coveted community, backing up to a wooded reserve where you can follow the walking trails, enjoy cruising the Timpoochee Trail, bike ride to Seaside, or cruise and explore 30A from Seagrove to Watercolor, in your street legal golf cart, that is welcomed in this area. 3,835 sf with 5 bedrooms, one of the downstairs BR could be converted back to a study, new floors and new furnishings, heated pool with great morning sunshine! Never rented by previous single Owner and lightly rented by current Owner. With rental projections of $150K+ plus value add opportunity to enhance the property's performance and market value by converting finished area above the garage in to a carriage house (see docs). Consult your CPA about taking advantage of 100% bonus depreciation. Sugarwood Beach is an authentic Seagrove Beach community that offers large lots and low HOA fees. With just 65 homesites the Sugarwood Beach community has the character and charm of an established Florida Gulf Coast neighborhood.

5 Beds ⋅ 4 Baths ⋅ 987910 MLS

392 Wood Beach Dr, Santa Rosa Beach