Perdido Key Portfolio + Vacation Rental Business

Hospitality for Sale
Catylist Listing ID: 30866723
Property Subtypes: Resort, Vacation Rental(s)
Number of Units: 3 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $2,599,000
Unit Price: $866,333.33 Per Unit
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: Palacio at Perdido & Windemere
Name of Establishment: Bialick Vacation rentals
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/3/2024

Overview / Comments

This vacation rental business runs so smoothly the owner has not been into any of the units in over a decade. In-house local check in, cleaning and maintenance plus an exclusive in-house booking agent work together seemlessly to provide maximum ROI with zero headaches to the owner. Using VRBO as booking tool , all three properties carry a transferable 5-star rating with hundreds of reviews.All three sites are only transaferable because of the length of time all three have been listed, definatly not the norm for less established vacation listing. No waiting or ramp to start maximizing ROI. Pleanty of room to increase rates. All properties have new HVAC with last 30 months. Easy to own with hands free operation. These beachfront unit are priced at last years prices. Perdido Key is the best priced white sand beach front in the world. With all the other Gulf of Mexico white sand beaches at a much higher cost per square foot, get in while you can and ride the wave up!

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County Florida
Tax ID/APN: 353S324200000081
Zoning: PUD
Retail Clientele: Recreation
Property Visibility: Excellent
Airports: Pensacola International Airport
Site Description: Beachfront - white sand
Area Description: Perdido beautiful crystal clear turquoise waters
Nearby Attractions: Johnson Beach
Total Number of Buildings: 2
Number of Stories: 19
Property Condition: Excellent
Year Built: 2005
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Concrete
Average Occupancy Rate: 90
Water Recreation: Outdoor Pool, Hot Tub, Sauna, Spa, Cabanas, Other
Parking Type: Structure, Surface, Underground, Other
Parking Description: Deck and surface
Passenger Elevators: 2
Sprinklers: Wet
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: DSL
Interior Description: See pictures
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condominium

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 532 3,366 12,751
Median Age: 51.47 45.94 43.44
Households: 270 1,519 5,467

Contact

Photograph of Listing Agent

Bart Cox

Shark Realty Gulf Coast CMLS Member
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