Rosemary Beach Foreclosure 69 Johnstown Lane as Craig’s Top Distressed Property Pick for February 5 2010

Rosemary Beach Foreclosure 69 Johnstown sold $985,000 April 2010!

Rosemary Beach is one of my favorite places on Scenic 30-A to enjoy the best of what the Emerald Coast has to offer. Friends and families converge in Rosemary Beach’s downtown that defines the casual beach lifestyle with quaint restaurants, cafe’s, and shopping. Rosemary Beach’s architectural inspirations come from the West Indies that can be viewed by walking its meandering pedestrian paths and boardwalks that lead to some of the most pristine white sand beaches along the Emerald Coast. Homes sales in Rosemary Beach for 2009 were stagnant, but a recent surge in sales in January 2010 has sparked a new flame of interest from savvy buyers who can appreciate all that Rosemary Beach has to offer.

69 Johnstown Lane in Rosemary Beach is a Bank Owned REO and tops my Distressed Property pick for the week. This 4,100sf home is a steal at $329/sf considering most homes cost more than $400/sf to build in Rosemary. As one of the top destination along the Emerald Coast, Rosemary Beach enjoys a strong tourism season throughout the year bringing significant rental revenue to investment homes and the second home market. This in combination with Rosemary Beach’s world wide notoriety and special financing by the bank of 3.5% interest rate makes 69 Johnstown Lane an excellent investment opportunity.

Rosemary Beach Homes and Condos for Sale

Rosemary Beach Distressed Property for Sale

69 Johnstown Lane in Rosemary Beach

Rosemary Beach Luxury Home Market Analysis and Market Snapshot – This detailed report will give you a breakdown of the homes sold in the last 3 months, their days on market, current inventory and much more. It is an excellent resource if you are looking to buy or sell in Rosemary Beach.

This home leaves nothing to wish for…Top quality finishes and amenities abound. With the Cabana Pool just outside your private courtyard the best of Rosemary Beach is just a few steps away.

Features include 2 car garage, huge kitchen with top of the line Viking appliances, 48″ professional gas range with griddle, double ovens, custom built-in bar with carrera marble, wine refrigerator and ice machine, travertine floors, honed absolute granite and plenty of custom cabinetry. Main level master suite offers 2 master baths, steam shower, roman soaking tub, and large closets.
Seller financing – 30 Year Loan-5/1 ARM; 10.1% down, 3.5% RATE up to 475k and 4.5% over 475k!
69 Johnstown Lane in Rosemary Beach
$1,350,000
4,100sf
$329.26/sf
5 Beds
6.5 Baths

If you are interested in buying a luxury home in Rosemary Beach or if you are interested in Team Baranowski listing your home. Please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com.