Home in WaterColor 306 Red Cedar Way as Craig’s Top Distressed Property Pick for September 11th, 2009

This week I picked a bank  owned home in WaterColor for this week’s Top Distressed Property Pick. This is an approved price by the lender so you can close immediately.

Home in WaterColor 306 Red Cedar Way

Homes in WaterColor

Condos in WaterColor

306 Red Cedar way is located in Phase II of the Prestigious Community of Watercolor. This is a  John Willis Custom Home and has never been occupied. There are five porches with one having a Fireplace to spend a quiet evening with your family and friends. With Hardwood Floors throughout, this four bedroom two story home has every detail covered for the discerning buyer in WaterColor. The entrance is illuminated by Belo Gas Lanterns and a screened in porch. Three french doors open into a large seating area, fabulous kitchen, and dining area. On the second level there are four beautiful bedrooms and one that includes four built in bunk beds. WaterColor homes have been top sellers all year and this home will not last long. Offered at $875,000 | 2,368sf | 4 Bedrooms 3.5 Baths

If you are interested in this distressed home in WaterColor or would like to preview other homes in WaterColor. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

Home in Windswept Estates and Lot on San Juan Avenue as Craig's Top Distressed Property Pick for September 4th, 2009

This week I picked two distressed properties for this week’s Top Distressed Property Pick. Both of these properties are approved short sales by the lender and have recently had the buyers back out. They are ready to close and are some excellent deals.

Homes in Windswept Estates

Lots on Scenic 30A

Lot 15 San Juan - Santa Rosa Beach FL_1

LOT 15 SAN JUAN AVE, SANTA ROSA BEACH, FLORIDA 32459

50×135 Lot with view of the Gulf of Mexico from the street. Within 1/4 mile of the beach. Deeded and public beach access. APPROVED for $200,000


208 Gulf Pines_6
Beautiful home in Windswept Estates
Price: $229,000  2,796sf 3 Bedroom 2 Bath Home with Screened in Pool Back to golf course.

Home in Santa Rosa Beach 538 Calle Escada as Craig's Top Investment and Distressed Property Pick for August 21st, 2009

Every week I pick a top investment or distressed property pick. This week I picked a wonderful home in the Escada subdivision on 538 Calle Escada.  This home just came on the market  Monday and is located on the south side of Highway 98 in the wonderful subdivision of Escada. This home is a short sale. Escada has been a very hot development with every property in this subdivision selling this season with multiple offers. There is only one other home for sale and it is not a distressed property.

Home in Santa Rosa Beach 538 CALLE ESCADA

Distressed property in Santa Rosa Beach

538 Calle Escada is a wonderful 3 Bedroom 2 1/2 Bath home with a large second floor loft area to be used as a game room or workout room or office. Great floor plan with a breakfast nook area and dining area. There is a screened in porch, fenced-in back yard and a large garage. Escada has a community pool, a sport court, a playground and a club room. Low HOA fees ($65 monthly) make this a wonderful opportunity for anyone looking for primary or secondary residence. This is a facilitated short sale and will have a dedicated negotiator managing the process.

If you are interested in this distressed home in Santa Rosa Beach or would like to preview other homes in Santa Rosa Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

Home in Seacrest 18 Seabreeze Place as Craig's Top Investment and Distressed Property Pick for August 7th, 2009

Every week I pick a top investment and distressed property pick. This week I picked a wonderful home in the Seabreeze subdivision. I picked 18 Seabreeze Place in Seacrest, FL. This property is located on the north side of 30A in the wonderful Seabreeze Subdivision on a large tree-covered lot.  This home is a short stroll to the Seabreeze private beach access.

Home in Seacrest 18 Seabreeze Place

Every week I try to choose a property that is not one of my listings…but this is such a great deal that I had to make it a top pick. This is a 3 bedroom 3.5 bath 2,408sf gem for $305,000. It has a great back porch, huge wooded lot a large open great room, spiral staircase and a large open living room. The house also has a full lock out apartment on the first floor which can be used as a guest suite, a short or long term renter or a man pad. At $345,000 this is $135/sf for a home right off Scenic Highway 30A!

If you are interested in this distressed home in Seabreeze or would like to preview other homes in the Seacrest Area. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

Home in The Preserve at Grayton Beach 386 Morgan's Trail as Craig’s Top Investment and Distressed Property Pick for July 17, 2009

Every week I pick a top investment and distressed property pick. This week I chose a wonderful home in the Preserve At Grayton Beach subdivision. I picked 386 Morgan’s Trail in The Preserve at Grayton Beach. This property is located on the north side of 30A in the wonderful Preserve At Grayton Beach development.  The Preserve has two pools and deeded beach access. This development has excellent potential once it is fully built out.  Right now it nice quiet neighborhood with some beautiful homes already built. 386 Morgan’s Trail is a bank owned property.

Home in The Preserve at Grayton 386 MORGAN’S TRAIL

Homes in The Preserve at Grayton

What I like best about this property is it’s size and value for the property. This is a 4 bedroom 4 bath 2,675sf gem for $544,000. It has great porches and a gulf view from the 3rd floor porch.  The house is tricked out with all of the essentials hardwood floors, granite counter tops, tile and top  grade fixtures. The home has a great floor plan. At $544,000 this is $203/sf for a NEW home. It is Bank Owned so it is ready to go.

If you are interested in this distressed home in The Preserve at Grayton Beach or would like to preview other homes in Grayton Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

Home in Grayton Beach 8 Gulf Mark Lane as Craig’s Top Investment and Distressed Property Pick for July 10, 2009

Craig’s Top Investment Pick 8 Gulf Mark Lane in beautiful Grayton Beach Florida

Every week I pick a top investment or distressed property pick. This week I picked a wonderful home in the Grayton Cove subdivision.

Home in Grayton Beach 8 GULF MARK LANE

Homes and Condos in Grayton Beach Area

This property is located on the north side of 30A and is within walking distance to the Grayton Shops. Grayton Cove is a quiet subdivision just north of Grayton. This is a bank owned property.

What I like best about this property is it’s value compared to other homes in the area. This is a 5 bedroom 4. bath 2,261sf gem for $309,900. It was recently reduced on July 1st from $324,000. I really like the light pine hardwood floors and the stone fireplace, the dark oil rubbed bronze hardware and light fixtures and granite counter tops. The natural earth tones of this home make this house look amazing. The kitchen has hit all the marks with its layout, appliance package and ample cabinetry. The kitchen has a gas range which is not common in many areas on 30A. The bathrooms are highlighted with slate tiles that really make the house pop. At $309,900 this is $137/sf for a BRAND NEW home. It is Bank Owned so it is ready to go. This is an amazing deal and will not last long.

If you are interested in this distressed home in Grayton Beach or would like to preview other homes in Grayton Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

Home in Seacrest Beach 222 Blue Crab Loop as Craig’s Top Investment and Distressed Property Pick for July 3, 2009

Craig’s Top Investment Pick 222 Blue Crab Loop in beautiful Seacrest Beach Florida

Every week I pick a top investment and distressed property pick. This week I picked a wonderful home in the Seacrest Beach subdivision.

Home in Seacrest Beach 222 Blue Crab Loop

Homes and Condos in Seacrest Beach

This property is located on the north side of 30A and is within walking distance to Rosemary Beach. Seacrest Beach has been a very strong performer for investments and delivers excellent rental income. The development consists mostly of short term rentals and vacation homes. However, there are a few full time residences. Seacrest Beach has a tram service to their deeded beach access and an amazing 12,000sf pool. Families absolutely love this pool.

What I like best about this property is it’s features compared to other homes in the area. This is a 4 bedroom 4.5 bath 2,950sf gem for $624,500. This is one of the largest homes in Seacrest Beach and it sits on one of the largest lots in the development. It has room for a pool or carriage house. This is a short sale. Where this home shines is it’s huge open kitchen and great room for entertaining. A massive pantry area, a huge 2 garage which is a premium in Seacrest Beach. Every room is large in size with big closets and function able bathrooms. The house is tricked out with a gas range, two dishwashers, an ice machine, a wine cooler, a central vacuum system, gas fireplace, hardwood floors, extensive trim work, 10’ ceilings. This home has it all.  Peak appraised value on this house was around $1.175mil. This is $550,500 off a peak value in a thriving community. At $206/sf. This is an amazing price. A true rare gem and a steal for Seacrest.

If you are interested in this distressed home in Seacrest Beach or would like to preview other homes in Seacrest Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

Craig’s Top Investment and Distressed Property Pick for June 26, 2009

Sandestin’s Top Investment Pick Tuscana 1838 Tuscana Way #4 in Sandestin

Every week I am going to pick a top investment and distressed property pick for the South Walton Area. This week I went to look at one the best deals in Sandestin.  This property is located in Tuscana at Sandestin and overlooks the 12th green of the Raven Golf Course. This beautiful neighborhood in Sandestin reflects the very cool Tuscan villa theme. The Italian style design is carried throughout with elements such as tile roofs, turrets, stone work, washed stucco, exposed rafters and beams, and curved windows.  The interior is tricked out with natural stone floors and distressed wood floors, stone fireplaces, custom wood doors, and rustic iron work. This attached single unit comes with all the Sandestin amenities that owners love: gated neighborhood, tennis center, spa, full service marina, Choctawhahatchee bay, 4 championship golf courses, the shops of Grand Boulevard, Village of Baytowne Wharf and the amazing sugar white sand beaches of the gulf.

What I like best about this property is long term potential. This is a 3 bedroom 2.5 bath 2,638sf gem for $650,000 already approved short sale! Two other units went under contract in less than 2 days so this unit will not last long at this price. It was built in 2006 and is in excellent condition. Peak value on this house was around $1.7mil and was purchased for $1.5mil in 2006! This is $850,000 off original purchase price or a 67% price reduction. That is an insane value! A true rare gem and a steal for Sandestin. The HOA dues are $247 a month which is incredibly low for a community in Sandestin.

1838 TUSCANA WAY 4, MIRAMAR BEACH, FLORIDA 32550

Click here to view all Sandestin Distressed Property

Craig's Top Investment and Distressed Property Pick for June 19, 2009: Development Opportunity in Destin

Destin Top Investment Pick 1900 Ninety Eight Gulf Front Commercial Property

Every week I am going to pick a top investment and distressed property pick for the South Walton Area. This week I went to look at one the best and last Gulf Front properties in Destin. This property is located at the corner of restaurant row and scenic 98. Just a few doors east of the Back Porch and Signature Beach Condo. It is just south of Grazie’s restaurant and The June White Decker Beach Access is to the East of the property.

What I like best about this property is the long term potential. This is a true rare gem and the last of its kind in Destin for mixed use Commercial. This is for someone that can buy the property for a steal and hold on while the market recovers. The Signature Beach condo next to this development is amazing. It is a welcomed break from the usual high rise condo designs. This is a modern condo that you would see in Miami or Dubai. Every unit has seamless windows for inspiring views of the gulf and the white sand beaches. The pool on the top floor of the condo is very chic. These condos were selling in the $1.5mil to $1.8mil to the mid $2mil range.

This property is right next to Signature Beach and has 156 of gulf frontage. The site is approved by the City of Destin and permit pending for a proposed development consisting of a 12 story building with 2 levels of parking, 2 amenity levels and 8 levels or residential condo units…that is 16 total condos. The current site has a Triplex and 5 townhomes. These sit “RIGHT” on the beach. You could almost fish of the back porch they are that close to the gulf! The site was originally purchased for $11.5 million and the asking price is $6.995mil.  The beauty of the project is that you can refurbish the existing triplex and town homes and generate significant rental income while the market recovers. Then after the market recovers you can build the condo. The triplex was generating $160K a year in rental income when it was on an active rental program. With the Triplex and the 5 town homes you could generate $400K to $500K in rental income a year.

Download the RENDERINGS of 1900 Ninety Eight

If you are interested in this property or would like more information please contact:

Craig Baranowski
850-259-1788
craig@teambaranowski.com
Royce Smith
850-960-8088