1. Florida
2. Santa Rosa Beach
3. 250 Marlberry Trace

250 Marlberry Trace, Santa Rosa Beach, FL 32459

• 4 beds |
• 3 baths |
• 2,181 sqft

Property Description

PROPERTY IS UNDER CONTRACT WITH KICK OUT CLAUSE. Great deal on a great property. Recent appraisal for $660k. $3500 month rental. Property has been updated. All appliances and carpet are less than 1 year old. Kitchen and bathroom updates are less than 2 years old. For a cash buyer, they can walk into this property under 90% of the value and can achieve a 6% cap rate. Great gated community in a great location! This is the first time the property has been listed with the upgrades! Updates include, but are not limited to, totally new kitchen countertops, cabinets, and appliances, a new master bathroom shower, new flooring, countertops, cabinets, and a 2-person hydrotherapy soaking tub, new carpet throughout, new paint throughout, a new water heater, and a back patio, to name some The living room has real cherry wood hardwood flooring. The master bathroom and kitchen were covered in level 4 Quartz and tile. Over 50k in upgrades used within the last 2 years! The Hidden Grove Neighborhood is one of the hidden gyms in Walton County with a gated entrance, a large community pool, and walking paths with dimmed street lights throughout. Great location within a 5-minute drive to the beach, to Butler Elementary, Grand Blvd, Sacred Heart Hospital, Walmart and SanDestin. The property currently has a renter paying $3500 a month with excellent payment history. The tenant would like to continue to rent the place and will sign another 12-month lease. If the renter is not kept, a 60-day notice will be required. For a cash buyer, this will produce over a 6% cap rate at under 90% of appraised value. Finding a deal like this along the 30A corridor is like finding a needle in a haystack. Whether you are looking for a spacious 4-bedroom home to live in or if you want a low-maintenance second home in a safe and secure location, you must put this home on your list to see! OFFERS BEING ACCEPTED. PROPERTY IS UNDER CONTRACT WITH CONTINGENCIES. CONTRACT HAS A KICK-OUT CLAUSE WITH FIRST RIGHT OF REFUSAL. *All info is accurate to the best of our knowledge, but should be verified if concerned*

Listing Status:

Active

Date Added:

October 1, 2025 at 05:00AM

Listing Office:

Compass : 850-296-9769

Listing Agent:

Daniel D Walker : 850-974-1621

MLS ID:

986377

Interior

• General: Beamed CeilingsCrown MoldingVaulted Ceiling(s)FireplaceRecessed LightingTrack LightingNewly PaintedPantryWasher/Dryer Hookup
• Appliances: DishwasherDryerMicrowaveIce MakerElectric RangeTrash CompactorWasherWine RefrigeratorSmooth Stovetop RngeElectric Water Heater
• Flooring: HardwoodCarpet
• A/C:
• Heating:

Exterior

• General: Private YardLawn PumpOutdoor ShowerSprinkler System
• Style: Florida Cottage
• Parking: Garage

Construction

• Windows: Storm Window(s)Window Treatments
• General: Siding CmntFbrHrdBrd2

Location

• HOA Amenities: Security410.0Quarterly
• Golf: GatedPoolPets Allowed
• Originating MLS: Emerald Coast Association of REALTORS®
• County: Walton

Lot

• Zoning: Resid Single Family19-2S-20-33170-000-0180
• Fencing: Fenced Lot-Part

Utilities

• Utilities: Electricity ConnectedPhone AvailableCable AvailableUnderground Utilities
• Sewer: 0

Financial

• Source: Emerald Coast Association of REALTORS®

This listing courtesy of Daniel D Walker, Compass