Modern Living Group
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$1,895,000ACTIVE

7 Fayette Drive, Ocean Ridge, FL 33435

beds4baths1,844sq ft$1,028/ sq ft
THE RESIDENCE

About this home

Escape to coastal bliss in this immaculety remodeled, turnkey furnished beach cottage, just steps from the sand and surf in Ocean Ridge. This two unit duplex can yield over $20,000 per month in the peak winter season. Or live in one and rent out the other. Immaculately renovated with designer finishes, coastal-inspired décor, custom kitchen with quartz countertops, stainless steel appliances, and open shelving. Nestled in a serene seaside neighborhood, this thoughtfully designed getaway offers the perfect blend of modern comfort and timeless beach charm. Each unit has two bedrooms and two bathrooms, a private outdoor patio with lounge seating and BBQ grill. Ideal for morning coffee or evening cocktails. This stunning beach cottage getaway is paradise found! Escape to coastal bliss in this immaculety remodeled, turnkey furnished beach cottage, just steps from the sand and surf in Ocean Ridge. This two unit duplex with no rental restrictions can yield over $20,000 per month in the peak winter season. Or live in one and rent out the other. Immaculately renovated with designer finishes, coastal-inspired décor, custom kitchen with quartz countertops, stainless steel appliances, and open shelving. Nestled in a serene seaside neighborhood, this thoughtfully designed getaway offers the perfect blend of modern comfort and timeless beach charm. Each unit has two bedrooms and two bathrooms, a private outdoor patio with lounge seating and BBQ grill. Ideal for morning coffee or evening cocktails. This stunning beach cottage getaway is paradise found! Roof 2015. Air conditioning units are 2 years old. Appliances are brand new. 7 Fayette East: FORNO Espresso Package - 30" Induction Range, Refrigerator and Dishwasher in White with Antique Brass. FORNO Espresso Capoliveri 24" 1.2 cu. ft. Built-In Microwave Drawer in White with Antique Brass Handles 7 Fayette West: Samsung oven, Frigidaire cooktop, Whirlpool refrigerator. Smart TVs. Washer and dryer in each unit. In the event this Property is placed under contract with no contingencies and the Contract subsequently terminates or expires for any reason other than a Seller default, and the Seller and/or the Seller's Listing Broker is entitled to receive and/or retain the Earnest Money Deposit as liquidated damages, then unless expressly stated otherwise in the governing Contract, Buyer's broker/agent shall not be entitled to, nor receive, any portion of the Earnest Money Deposit retained by Seller and/or Seller's Listing Broker.

THE DETAILS

Property details

List Price$1,895,000
Price / Unit$947,500
Units2
Cap Rate6.33%
Gross Income$150,000/yr
Net Operating Income$120,000
Inside Sq Ft1,844
Year Built1954
ConstructionBlock, Concrete
FlooringTile, Wood
ZoningRMM(ci
Lot Dimensions94 x 80
Property TypeDuplex
MLS #R11159002
StatusActive
Original List Price$1,995,000
GRM12.6
Tenant PaysOwner pays all utilities
Show all details (8 more)
Stories1
Lot Size0.17 acres
WaterfrontNo
ViewGarden
Days on Market70
Annual Taxes$18,572
CityOcean Ridge
Zip Code33435
LOCATION

Where you'll live

Shane Beckford
FEATURED AGENT
Shane Beckford
Ocean Ridge Specialist
Real Estate Specialist

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