8858 East County Highway 30A is the second most expensive gulf front REO of all time!
Since 2008 there have be only 20 gulf front homes that are bank owned REOs. The most expensive to date is the one of a kind showplace 4700 Ocean Boulevard in Destiny By the Sea in Destin Florida. This 8,820sf gulf front REO sold for $5,550,000 in February 2012. The second most expensive gulf front REO of all time on the Emerald Coast is located on the eastern end of Scenic 30A in Seacrest Florida. This contemporary gulf front residence is a massive 6, 724sf encompassing 4 levels with 6 bedrooms, 9 full baths and 2 half baths. This full custom master piece showcases the premium gulf views from all levels of the home and is tricked out with all the high end finishes one would expect for a 5 million dollar home. This amazing home with a gulf front pool is designed for a big family or as a serious rental machine. The rental projections for this home are over $360,000 in gross rental income! With 20% down on this property you will cash flow over $60,000 per year or a cash on cash return of 6.67%. If you are looking for the ultimate gulf front retreat on Scenic 30A, this amazing home may be for you.