176 1st Street, Santa Rosa Beach

I'm thrilled to introduce a property that is so much more than just a home. It represents a unique opportunity, a craftsman's legacy, and a proven investment. At its core, this structure began as a single-wide mobile home, nestled on two lots: Lot 17 and 18. Don't be misled by that initial description; this is far from an ordinary mobile home. Over two decades, this property has been transformed, expanded, and refined by its seller, a skilled carpenter. He didn't just build a house; he crafted a home. This home has been the nurturing ground for five children. For the past three years, this residence has served as a lucrative short-term rental, generating over $40K last year. Its undeniable charm and functionality have made it a favorite among guests,solidifying its reputation as a valuable investment with high cap rate. Boasting a 4.7-star rating on VRBO and situated just 3.9 miles from The Gulf of Mexico and under 2 miles from Choctawhatchee Bay, the "Blue Bayou" stands out. This pet-friendly 4-bedroom, 2-bath house can comfortably accommodate up to 10 guests. With two expansive porches and a fenced backyard, the Blue Bayou is an ideal retreat for both kids and pets. The property also boasts an oversized garage and a spacious carport, providing ample parking for guests, an RV, or a boat. However, due to its unique improvements, it won't qualify for standard financing and most like it will be very difficult to obtain insurance. Additionally, the seller also offering Lot 19 for sale, lot next door, cleared and ready-for-construction. Currently, it houses a travel camper, which is also served as a short-term rental. 3 This presents a prime opportunity for cash buyers: either seize a property with both character and proven revenue potential or secure three buildable lots for future investment.