Back 7 Lake Street
Off Market

7 Lake Street

Miramar Beach FL 32550

7
8
2900 sq. ft.
5227.2 sq. ft.
Single-Family
Last sold for $2,190,000
Spears GroupSpears Group, last sold this property on 08 November 2022 after 76 days on market.

Overview

Newly completed in 2022, 7 Lake Street is adorned with high end and unique finishes that coalesce to create an ideal vacation rental property. Located in phase II of the gated community of Frangista Beach off of iconic Scenic Highway 98, the Sandy Pearl boasts private, deeded beach access for owners and visitors. This pristine 3-story home on a private corner lot is finished with modern coastal touches professionally curated and furnished by a local interior designer. The generous floor plan with stunning upgraded flooring throughout is open, light, and airy – making it both inviting and relaxing. Seven spacious bedrooms including two on the main level, and a third-floor kitchenette with an 8th king-sized bed allow this home to accommodate up to 24 sleepers in grand style. The kitchen has commercial grade, stainless steel appliances, upgraded quartz countertops, handmade subway tile backsplash, and custom art pieces to accent the space. A separate large ice maker and commercial size washer/dryer add ultimate convenience. Living spaces include brand new furniture, smart TVs, game room equipment, and multi-window coverings. Each of the home's 8 bathrooms is graced with Sellers brand custom tile designs. Designers brought the same exquisite attention to detail to the outside spaces of the Sandy Pearl, as well. Landscaping is lush with palm trees lining an oversized parking area/driveway. Owners can peer down through the overhanging backyard palms from the many suites created by outside decks to admire oversized pavers surrounding the luscious private pool with a kiddie/tanning area attached. Controlling the settings on the heated pool is effortless with Wi-Fi controlled smart home features. The space is further defined with rich teak furniture, stainless-steel grill, and hammock for lounging on lazy days. Take the included 6-passenger golf cart to the Silver Sands Premium Outlet Mall, (home to 110 designer and name brand outlet stores), just 2 miles away. Also within 2 miles of the home are countless restaurants, grocery stores, gas station, CVS Pharmacy, 2 large and popular public beach accesses, and much more! For golfers, Seascape Golf Course is a 5-minute drive from the Sandy Pearl. On the practical side and beyond the "higher than typical" vacation rental finishes, wise buyers will appreciate the owner's closet with code padlock inside and large storage closet with code padlock outside. Additionally, builders have included a 10-year pool warranty, upgraded electrical and plumbing fixtures, manufacturers' warranties for all mechanicals and appliances, new, well-supplied sprinkler system, and most impressively, a full builder warranty till May 2023. Whether you are looking for an investment property or a place to make memories with your extended family, the Sandy Pearl is a treasured find.

Features

7 bedrooms
8 bathrooms
2900 sq. ft. floor area
5227.2 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 7 bedroom single-family properties sold in Miramar Beach over the last 12 months, the estimated median property value of 7 Lake Street is $2.3m.

Median value
$2.3m
Estimated value range
$1.15m - $5.5m
Median days on market
104
Estimated value trend
33%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Miramar Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7 Lake Street

2022
Sold
$2,190,000
08 Nov 2022 by Spears Group, of Compass

Happy sellers in Miramar Beach

89%
89% of sellers in Miramar Beach reported that their sale price either exceeded or met their price expectations.

Miramar Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Miramar Beach over the last 12 months.

Local market activity for 7 bedroom single-family properties in Miramar Beach

In the last 12 months, 14 seven-bedroom single-family properties similar to 7 Lake Street, have been sold.

This represents a 180% decrease in seven-bedroom single-family properties sales when compared to the previous 12 months.

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