SOLD! May 10 2012 for $1.450mil!!

30A Foreclosures have been extremely popular as they are typically great buys with easy closing terms. DistressedPropertyExpert.net foreclosure link 30A REOs and Bank Owned Property has been clicked over 19,000 times on our website. All of our hot property alerts we have published since 2010 have either sold or are under contract! Rosemary Beach homes have been very hot sellers for the past 12 months breaking sales records dating back to the beginning of the towns inception. When I previewed this home within the first hours of it hitting the market, there were already 3 buyers and several agents in the house. If you want a large Rosemary Beach Home on the South Side of 30A this home should be at the top of your list. 102 Round Road will not last long on the market!!

102 Round Road is a spectacular home situated on the South Side of Rosemary Beach on a large corner lot. This home has generated over $100K in gross rental income in one year when it was on the rental market. This custom Rosemary Beach home is in excellent condition and offers 6 bedrooms, 4.5 baths and approximately 3,787 square feet. This New Orleans style home was built with entertainment in mind featuring plenty of room for indoor and outdoor entertaining. The outdoor living area features dining, fountain, courtyard and 16 gas lanterns. Inside boasts exquisite architectural design and meticulous construction throughout. This home features 16 foot ceilings on the second level, two story master suite with private stairs, large fully equipped kitchen, formal dining, gas fire place, tower room with wet bar and much more. The carriage house has a 2 car garage below with a 1 bedroom, living and full kitchen above. Imagine closing the front door and strolling down the boardwalk past masterfully designed cottages, gardens and parks. Walk to one of the beautifully designed community pools or down the street to the dune walkover to enjoy the white sand beaches and emerald waters of the gulf coast. The Rosemary Beach town center features restaurants, shopping, the Town Hall and Post office. Sand paths and boardwalks weave through the tranquil cottages and common areas providing a haven for pedestrian traffic, community, and respite from gridlock, crowds and stress.

For more information on 102 Round Road in Rosemary Beach Florida please call Craig Baranowski 850-259-1788 or Tracy Baranowski 850-259-4270 or email us info@teambaranowski.com.

30A REOs and Bank Owned Property Search

Rosemary Beach Homes for Sale

R0semary Beach Market Snapshot and Market Analysis

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UPDATE: Under Contract Scheduled to Close April 26 2012

304 Ruskin Place Seaside Florida. I took this picture in April 2004

Every now and then a special property comes along that makes you dream about what it would be like to own that special spot. And every now and then an investment opportunity comes along that screams “solid endeavor”. Now imagine combining those two elements…doesn’t happen often, but it does. 304 Ruskin Place in Seaside Florida has that unique magic of not only being a solid investment opportunity but also a charming property that would bring many happy memories.

Ruskin place is located on the north side of Seaside’s town village. It is comprised of galleries, studios, private residences, and rental units. With white lights strung across the courtyard, the setting is something out of Charleston or Savannah. With only sixteen of these row houses’, each one taking on a personality of its own, it is very rare for one of these to come on the market…even more rare to come on the market as an REO or Distressed Property.

This three story row house could be used for a variety of live/work situations. The first floor has a full kitchen, bedroom, bath, and living area. Most commonly this floor is used as either retail space or as a single rental unit that could easily sleep a family of five. In past years this first floor lock-out was used to generate rental income in excess of 44,000 gross rental income.

The second floor is comprised of two terraces for outside living, living space with a cozy fireplace, walk-through kitchen with french doors, wet-bar, and a second living or dining area. Travel to the third floor and you are greeted with two bedrooms, each with their own ample sized bathroom. The master bedroom has it’s own over-sized deck to enjoy Seaside as well. From the third floor, take the spiral staircase up to the rooftop terrace. While on the rooftop terrace one is able to see all of Seaside and the Gulf of Mexico. With built-in bookcases and closets in corners, this townhouse makes use of every inch of available space.

Combining both modern and traditional elements, all the while maintaining the most unique artistic elements this townhouse will surely have you taking a second look.

Within walking distance to the chapel or to the ice cream shop, the opportunities for this property are endless. Ruskin Place has the highest concentration of full-time residents giving the true sense of community. With back street parking and reasonable HOA fees, this could be a viable living solution for a full time resident or a part time resident. Live the dream, live in Seaside, live at Ruskin Place.

With foreclosures and REOs in short supply, this Seaside bank owned property will not last long. For more information on 304 Ruskin Place in Seaside Florida please call Craig Baranowski 850-259-1788 or Tracy Baranowski 850-259-4270 or email us info@teambaranowski.com.

30A Foreclosures and REOs

Seaside Homes for Sale

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UPDATE: Sold for $914,500 March 27, 2012

WaterColor has had some really great distressed property buys in the past two years. There have been some amazing short sales and foreclosures sold in WaterColor since 2008. In fact, of the 282 homes sold 45 of them have been short sales or Bank Owned Property. WaterColor has consistently been a top selling development on 30A and almost all of the distressed inventory is gone. New distressed inventory is sparse with new foreclosure filings down from a peak of 13 homes in 2008 to only 5 in 2011.

194 Spartina is in the Camp WaterColor District and is conveniently located near the Camp WaterColor pool and park. The back of the home is right off a small secluded park that family and friends can enjoy. This foreclosure in WaterColor is a spacious 3,595sf with 4 Bedrooms and 4 Baths. Built in 2008, this home is loaded with the luxury elements of a WaterColor home including: Hardwood floors, granite counter tops, stainless appliances, extensive porches and outdoor amenities.

With foreclosures and REOs in short supply, this WaterColor bank owned property will not last long. For more information on 194 Spartina in WaterColor please call Craig Baranowski 850-259-1788 or Tracy Baranowski 850-259-4270 or email us info@teambaranowski.com.

30A Short Sales

30A Foreclosures and REOs

WaterColor Homes for Sale

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UPDATE: Sold for $625,100 in March 2012!

Is this the last REO or Bank Owned Property in Rosemary Beach? As of today, this is the ONLY REO in Rosemary Beach available on the market. This does not mean that there will not be anymore foreclosures in Rosemary, however, I can say that last year there were over 23 distressed properties sold and new foreclosure starts in Rosemary Beach are almost nonexistent.

In 2009 there were 21 foreclosure starts in Rosemary Beach and in 2011 there were only 3, which represents an 85% reduction in foreclosure starts. This is a very positive sign for our market and signals a massive shift in our market. It is my opinion that 2012 will see the market shift that has been slowly turning for the past 12 months. 2012 has already been a fantastic year with my buyers rushing in to get the last of the great buys.

42 Trimingham could be one of the last REOs in Rosemary Beach for a long time. This small cottage in Rosemary Beach overlooks Triangle Park. With close proximity to the Sky Pool, Fitness Center and Tennis, you will be just steps away from Rosemary amenities. Designed by Piazza Architecture, this home exudes charm and quality. Inside you will find wood and tile floors throughout, high ceilings, solid surface countertops and a stunning tower with built in beds. Outside is a refreshingly large 10×20 pool just waiting for an evening party.  If you are looking to purchase in Rosemary Beach for under $700K, this may be the last window of opportunity to do so. This property will not last thru the weekend!

For more information on 42 Trimingham Lane in Rosemary Beach please call Craig Baranowski 850-259-1788 or Tracy Baranowski 850-259-4270 or email us info@teambaranowski.com.

30A Short Sales

30A Foreclosures and REOs

Rosemary Beach Homes for Sale

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UPDATE: SOLD for $344K in  January 2012!

The Sunrise and Sunset Luxury Condos at Carillon Beach originally sold for over $1.1 million. These condos are loaded with high end luxury amenities including a Wolf gourmet gas range, built-in refrigerator, wine fridge, gas grill on the porch, steam showers, custom cabinetry, spacious floor plan and a massive over-sized balcony. If you are looking for a luxury primary residence or second home this condo at Carillon Beach is for you. Carillon amenities include: gated community, pools, tennis  courts, over 3000 feet of private beach, fishing, park areas and playground. Restaurants, shopping and golf and all located within minutes of beautiful Carillon Beach. Conveniently located within minutes to Pier Park and Scenic 30a. Come and see for yourself and make Sunset at Carillon Beach your new home.

For more information on this bank owned condo in Carillon Beach please call Craig Baranowski 850-259-1788 or Tracy Baranowski 850-259-4270 or email us info@teambaranowski.com.

Carillon Beach Homes and Condo Search Panama City MLS

Carillon Beach Homes and Condo Search Emerald Coast MLS

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UPDATE: SOLD for $1.7mil April 2012!!

As we near the end of 2012 I am beginning to sound like a broken record every time I speak with clients. “Distressed inventory is depleted, foreclosures are selling quickly, short sales are drying up in some communities”…clients looks at me as if I was speaking a foreign language. If you listen to the media there is a glut of distressed shadow inventory and a huge wave of foreclosures that is going to sweep our nation. However, if you look at our sales transactions and the amount of distressed inventory you will see a different picture.

There was a time when we have dozens of distressed properties in every community along 30A, including Rosemary Beach, WaterColor, WaterSound and Seacrest Beach. Going through our MLS we currently have 3 short sales in Rosemary Beach and no foreclosures. WaterColor there are only 6 distressed properties on the market. This is a severely depleted number from 2009 and 2010 and the distressed inventory is going away. 19 Spanish Town Lane in Rosemary Beach is one of the most recent short sales to come on the market and one of the last. Additionally, this is the most expensive short sale currently on the market on 30A! One of the few remaining ultra luxury distressed properties on 30A!
This luxury home in Rosemary Beach sits on a corner lot on the south side of County Road 30A. The lot fronts a small park and is next to a boardwalk leading to the beach. This custom home is tricked out with the essentials to make this a premium property in Rosemary Beach. The main house has an elevator to all three floors and there is a  three-story carriage house which includes a two-car garage. The carriage house also has a sleeping loft, which doubles as a sixth bedroom. The garage contains a washer and dryer for guests. The property has stainless appliances, American walnut hardwood floors, gorgeous stone floors in the bathroom and granite counter tops throughout. Rosemary Beach has all the amenities you’re looking for such as swimming, shopping, tennis, kayaking, and biking just to name a few! Don’t miss the perfect opportunity to be a part of this exclusive community.

For more information on 19 Spanish Town Lane in Rosemary Beach please call Craig Baranowski 850-259-1788 or Tracy Baranowski 850-259-4270 or email us info@teambaranowski.com.

30A Short Sales

30A Foreclosures and REOs

Rosemary Beach Homes for Sale

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Grand Panama Beach Resort is becoming on of the most popular luxury resorts on Panama City Beach. Unit I-1501 is a Freddie Mac foreclosure and is currently under the Feddie Mac first look initiative until November, 25th 2011. During the first 15 days a property is listed in the MLS, only offers fro owner-occupants (primary residence only), second home purchasers, public entities or their designated partners will be considered.

Unit I-1051 is a gorgeous 3 Bedroom, 2 Bath gulf front luxury condo and is a popular west corner unit. This Grand Panama corner unit has an extra large balcony for soaking in captivating sunsets and panoramic views of the gulf and sugar white sand beaches. This luxury condo will make an excellent second home or investment property capable of bringing in good rental revenue.

This condo will not last long! If you would like more information on Grand Panama Unit 1-1501, please call Craig Baranowski 850.259.1788 or info@teambaranowski.com.

Grand Panama Beach Resort Condos for Sale

Grand Panama Beach Unit I-1501 Investment Analysis

Panama City Beach Bank Owned Gulf Front Condos

 

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1986 Scenic Gulf Dr unit 8 at Royal Seaesta is the absolute best deal in Miramar Beach! Located across the street from Frangista Beach, this unit is a massive 1640 square feet with 3 bedrooms and 3 bathrooms and is a short stroll to the beach.

Great Gulf views from the master bedroom on the second floor and deeded beach access make this unit at hidden gem in Miramar Beach. This is a Bank of America Streamlined Cooperative Short Sale which means the price is approved and is ready to close.  If you are going to purchase a short sale…this is fastest and easiest short sale on the market.

The entrance on the first floor brings you directly into the open living room and open kitchen. The floor plan is perfect for entertaining. Priced to sell at $159,250!!! You can’t find anything that will compare with this $97/sq ft Gulf view townhouse. This is a corner unit and you will appreciate all the extra natural light. The unit comes with 2 parking spaces and has deeded beach access. Built in 2000 and very low HOA fees. Anyone can make great use of this property as a vacation rental, second home or primary residence.

For more information on Royal Seaesta Unit 8, please Call Danny Margagliano at 850-830-4747  or email danny@teambaranowski.com for more information.

Miramar Beach Gulf View Condo Search

1986 Scenic Gulf Drive Unit 8 Investor Analysis

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UPDATE: SOLD for $56K in January 2012!

The Preserve at Grayton Beach is located off Scenic 30A a short 3 miles west of Seaside and WaterColor. The deeded beach access at The Preserve at Grayton has one of my favorite “Old School Style” boardwalks that meander through the native scrub oaks to the gulf. If you are looking for a great lot to build your dream home with low HOA fees, REO Lot 97 Morgan’s Trail is an excellent choice. Originally purchased for $159,000 in early 2004 before the market really heated up. Some lots in the development sold for over $450,000 in 2005! Building costs are at a historical low and new home inventory on 30A is minimal.

One of the nicest lots in The Preserve at Grayton Beach. This Bank Owned lot backs to the green space and is a large wide lot. This beautiful development located on Scenic 30A in the heart Santa Rosa Beach. The neighborhood is gated with 2 swimming pools, complete with 2 club houses, 4 tennis courts and deeded beach access, just a short stroll away. This is a great time to purchase a large lot and build your dream home. Premier inventory such as this lot will not last long!

For more information on Lot 97 Morgan’s Trail in The Preserve at Grayton Beach, please call Craig 850-259-1788 or Tracy 850-259-4270 or email us info@teambaranowski.com.

Preserve at Grayton Beach Land for Sale

Preserve at Grayton Beach Homes for Sale

30A Bank Owned Land

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Back under contract in 24 hours and just sold December 1st, 2011 for $900K!

268 Garfield Street is in the prime location of Grayton Beach. Nestled on the popular Garfield Street right behind the Red Bar, this 4 Bedroom 4.5 Bath beach house will make a great family vacation home or excellent vacation rental. This a bank approved short sale and is ready for a quick close! This property just came back on the market and will not last long!

Gulf views and beach access are unobstructed and will offer permanent views of the gulf. One can walk from their front door right out onto the beach. With its prime location in Grayton Beach next to the Redbar and no HOA fees, this beach house will generate excellent rental income with a history of producing over $64,000 in rental income with owner usage. The beach house in Grayton Beach was originally purchased for $2.5million in 2005!

For more information on 268 Garfield Street please call Craig 850-259-1788 or Tracy 850-259-4270 or email us info@teambaranowski.com.

285 Garfiled Street Investment Analysis

Homes for Sale in Grayton Beach

Short Sales on 30A

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UPDATE: Buyer just walked. Short sale is approved!

Coral Bay Village Unit 9 at 100 Downing Street in Panama City Beach is an investor’s dream. This property is going to hit the market shortly and we are alerting our investors first! This unit is in excellent condition and is rental ready for a long term tenant. This 3 Bedroom 2 and 1/2 Bath Town Home has an estimated Cap Rate of 9.29% with only 20% down.

This West Indies style unit is a corner duplex in a 16 unit duplex/triplex community with brick paver street, lush landscaping, and community pool. This home features 12′ ceilings, stainless steel appliances, downstairs completely tiled, white bead board cabinetry in kitchen, wood on stairway and upstairs hallway. The upstairs features 12′ ceilings, carpet in master and guest bedroom, tile baths, stack washer/dryer. Coral Bay Village is a great location with close proximity to the beach, shopping and dining.

Located on the western end of Panama City Beach close to Scenic 30A and Pier Park. This duplex will make an excellent investment property or primary residence.

For more information on Coral Bay Village Unit 9 please call Craig 850-259-1788 or Tracy 850-259-4270 or email us info@teambaranowski.com.

Coral Bay Village Unit 9 Investor Analysis – Cash Flow, Holding Costs, Cap Rate

Panama City Beach Short Sales for Sale

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The Panama Palms Motel on 5607 Thomas Drive recently came on the market as a Bank Owned Property. This motel is a hidden gem for the savvy investor and can be a revenue generating machine with a projected Cap Rate of 23%.

Located on the eastern end of Panama City Beach and one row back from the beautiful white sand beaches of the Emerald Coast. The Panama Palms Motel sits on a large 1.5 acre site, which in my opinion is worth $1.45mil as raw land and its current zoning for a hotel. The motel has 44 units, an office with a manager’s apartment, a pool, a pool house, a remodeled duplex with gulf views, a single story cottage and more. There are four large parcels in all that make up this bank owned property.

The Panama Palms Motel is one row off the beach and offers gulf views from the second floor units and easy access to the gulf. Its location on Thomas Drive offers excellent drive by visibility from the street. With strategic renovations this Motel has the potential to bring in significant rental revenue. This property was originally purchased for $8.35 million and is a steal at the $1.45 mil offer price.

If you are interested in more information on the Panama Palms Motel or would like addition information, please call Craig Baranowski @ 850-259-1788 or email info@teambaranowski.com.

Panama Palms Motel Investor Analysis – Cash Flow, Holding Costs, Cap Rate

Distressed Commercial Real Estate – Panama City / Panama City Beach

Distressed Commercial Real Estate – 30A / Destin / Fort Walton Beach

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Under Contract hours after our alert! SOLD for $229,500!

Nestled in the majestic Blue Mountain Beach on the North Side of Scenic 30A in Ventana Dunes, 29 Ventana Boulevard just hit the market as an REO. This 3 Bedroom 2 and 1/2 Bath home has hardwood floors, and granite countertops. Close access to sugar white sands and Emerald green waters. This house will make an excellent primary residence, second home or vacation rental. With a bit of TLC the home will be ready to take advantage of the close proximity to the neighborhood pool, beach and all the amenities the 30-A area has to offer.

If you are interested in viewing this REO in Blue Mountain Beach or would like more information, please call Tracy @ 850-259-4270 or Craig @ 850-259-1788 or email us at info@teambaranowski.com.

Ventana Dunes Homes for Sale

29 Ventana Blvd in Blue Mountain Beach

30A REOs and Bank Owned Property

Current REOs for Sale on 30A

Majestic Beach 1-1102 is Under Contract!

Priced to Sell! Fantastic 4 Bedroom 3 Bath Gulf front condo at Majestic Beach Towers in Panama City Beach is a short sale. Majestic Beach Towers I unit 1102 is a spacious 4 bedroom 3 bath rental powerhouse that will sleep 10 and will make an excellent vacation rental or investment property with a projected gross annual rental income potential of $45,000!

Few places can capture the magic of the Emerald Coast and the beaches of Panama City Beach. Rated as a top investment area by CNN Money and Moody’s, Panama City Beach is well known for it’s world class sugar white sand beaches. This 4 bedroom Gulf front condo at Majestic Beach Towers has riveting Gulf views. Sunshine and warm gulf breezes abound from the balcony, with amazing water and beach views. Enjoy the good life at Majestic Beach with resort style amenities including in/out pools, tennis, a large outdoor dining area, impressive fitness facility, community room, the Majestic Movie Theater, the H20 Bar and Grill serving Gulf-side lunch and dinner, and the Majestic Market featuring Starbucks coffee and gourmet sandwiches, etc. This is the ultimate vacation destination! The Majestic is a short distance to the wonderful shopping, dining and entertainment at Pier Park and the new International Airport.

If you are interested in viewing this condo at Majectic Beach or would like more information, please call Craig @ 850-259-1788 or email us at info@teambaranowski.com.

Majestic Beach Tower I unit 1102 Investor Analysis

Majestic Beach Towers Condos for Sale

 

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Reduced to $62,000! Make an offer!

If you are considering real estate as an investment, this hidden gem is perfect! 735 Lake Powell Drive is on the western most end of Panama City Beach near Carillon Beach and Walton County Line. This 2 Bedroom 1 and 1/2 Bath town home is a few short blocks to the scenic Lake Powell Coastal Dune Lake.

This town home will make an excellent long term rental property with no HOA fees low taxes. 735 Lake Powell is a short sale with the lender approval at$79,000. See our Team Baranowski Investor Worksheet for details.

Real Estate like this property can provide a consistent cash flow and offer an amazing opportunity to jump in on real estate investing.

If you have an interest in this investment property please call Craig @ 850-259-1788 or or email us info@teambaranowski.com for more information.

735 Lake Powell Investor Analysis Worksheet download pdf

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