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312 Ariola Dr
Pensacola Beach, FL 32561
$4,200,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
3125
Property Description
Located on the picturesque white sands of Pensacola Beach, this high-class residence sits directly on the gulf with unobstructed views providing a high level of modern sophistication. Boasting rental revenues over $300,000 annually, this property will be perfect as an investment property or a full-time residence. Completely remodeled in 2018 by renowned designer Cheryl Kees Clendenon of In Detail Interiors, and having a complete exterior remodel in 2023, this property brings elegance and beauty inside and out. Immediately on arrival you are greeted with intrinsic views of the coastal contemporary layout of the property, featuring a dual driveway with ample parking for 6+ cars, exterior storage closets, and double entry access points. Upon entering the foyer, the oak staircase leads you to the main floor where all living quarters are. All bedrooms outlie the perimeter surrounding the open concept kitchen/living space with oversized glass windows lining the south wall. The kitchen looking directly out onto the Gulf of Mexico features custom cabinetry, a large island, and stainless-steel appliances. Off the kitchen you will find three bedrooms all flooding with natural light with Gulf views. All three bedrooms have private en suite bathrooms featuring floor to ceiling tiled, glass showers, custom made vanities with quartz countertops, and large Walk-in closets. Past the dining room you will find the remaining three bedrooms and laundry facilities. Two oversized bedrooms share a common bathroom off the hall, and the third bedroom features another en suite bathroom and Walk-in closet. Off the living room is a large AZEK composite deck with framed impact glass railings for endless views off the cascading emerald waves. As you make your way down the back staircase there is a large 13’ x 30’ gunite pool with pebble tech coating, sun ledge, manicured back lawn, and a 2000sqft travertine deck. This picturesque home is being sold turnkey with all furnishings conveying.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1999
MLS Number
631228
Location
Address
312 Ariola Dr
City
Pensacola Beach
State
FL
Zip Code
32561
County
SANTA ROSA
Listing
Provider
Paradise Coastal Realty, Inc., original listing
Name
Paradise Coastal Realty, Inc.
Phone
(850) 932-0067
Office Name
PARADISE COASTAL REALTY, INC.
Office Phone
(850) 932-0067
Agent Name
Kristopher Kessler

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.