Creative Investors! 4 Canal Front Lots – Homes – Need Work – Santa Rosa Beach FL

Mack Bayou Development

Are you just itching for a new creative, potentially money-making real estate project in South Walton County? Here are two new listings in Santa Rosa Beach, Florida, on the canal, adjacent to each other, that can be an investor’s dream!

  1. 10 Wild Briar Lane E. – $125,900 HANDY MAN SPECIAL
    1. 50 x 125 lot on the corner of Mack Bayou Rd. (Sacred Heart location)
    2. Canal Front
    3. 1447 SF home built in 1972
    4. Needs extensive remodel, but was recently occupied
    5. Owner wants OFFER – ready to sell!
  2. 28 Wild Briar Lane E. – $425,000 HANDY MAN SPECIAL – Subdivide Opportunity
    1. ADJACENT to 10 Wild Briar E. (there is an opportunity there!)
    2. Canal Front
    3. Platted as three lots –  Walton County says the zone allows them to be separated (subject to approval)
    4. 2000 square foot home, needs extensive work, but some updating (new windows, some kitchen)
    5. Fixer Upper cottage that is on eastern portion of the lot – currently RENTED for $900 per month
    6. In-ground pool
    7. Owner wants OFFER – ready to sell!

Here are my thoughts on potential opportunity to make money:

  1. Buy 10 Wild Briar E., (listed for $125,900) fix up, sell for profit
  2. Buy 28 Wild Briar E. (listed for $425,000)
    1. Remodel all, sell as compound
    2. Separate cottage lot out, tear down, build new house, sell for profit
    3. Tear down Main House and cottage, build three houses, sell for profit
  3. Buy both properties (10 and 28 E Wild Briar) – build four houses, or offer remodeled mix of existing
  5. Other creative – YOU?

    Contact me and let’s brainstorm…   It’s Wendy… It’s Sold!

    Wendy Rulnick, Broker, Rulnick Realty, Inc.
    Call 850-650-7883 ext 204
    Email Wendy:
    [email protected]

    Wendy Rulnick, Broker, sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Seagrove Beach, Watercolor, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

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