38 Mala Way, Inlet Beach, FL 32461

$1,950,000
5
BD
5
BA
3,198
SqFt
List Price
$1,950,000
Days on Market
43
MLS#
821838
Status
PENDING
Type
Single Family Residential
Subtype
Detached Single Family
Bedrooms
5
Bathrooms
5
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,198
Neighborhood
1806 - South of 30 A East Beaches

Property Description

Spectacular new-construction home with breathtaking forever views of the Gulf of Mexico. This home is the 1st of 7 total that will make up Mala Beach, one of Inlet Beach's newest premier gulf-side neighborhoods. Situated just steps from Walton County's largest beach access, you can walk out your front door and have your toes in the sand in less than 3 minutes. Enter the home through the front door and you're met with dramatic 14-ft ceilings and beautiful shiplap covered walls. The downstairs consists of 2 bedrooms, one that's been purposed as a bunk room with unique loft-style beds for the kids, and the other a downstairs master suite with attached full bath. Luxurious finishes including a wet bar with built-in wine cooler and an elevator that services all 3 levels. See Mo Luxurious finishes around every corner including a wet bar with built-in wine cooler and an elevator that services all 3 floors. 1st floor also includes an additional full bath and a common living area, making it the perfect gathering place for family and friends. As you continue on to the 2nd floor, there are 3 total bedrooms, one with ensuite bath and the other 2 connected with a full jack-and-jill style bath. Also on the 2nd floor is a wonderful outdoor veranda with captivating views of the gulf, and offering the perfect space for relaxing with your morning coffee or evening cocktails. This floor also includes the laundry area, which has been thoughtfully positioned central to all 3 bedrooms and is enclosed with a magnificent custom-built sliding barn door. As you continue on to the the 3rd floor, you'll notice a wonderfully open space consisting of the kitchen, dining, and living areas. Kitchen has all high-end stainless steel appliances including a built-in ice-maker and additional wine cooler, and accented with beautiful custom cabinetry and quartz countertops. Ceilings are vaulted in the living room, adding to the open and spacious feel, and abundant natural light floods in from the floor-to-ceiling glass doors and fills the rooms. Slide open the doors and step outside onto your very own private oasis. A large and expansive deck with 3rd floor heated pool is truly extraordinary, and creates the optimal space for entertaining guests, splashing with the kids in the pool, and experiencing every sunrise and sunset. Another notable feature is the garage, which provides tremendous additional storage space with enough room to park a car, golf cart, or to store your beach gear. If you're considering this property as an investment, the opportunity is excellent. Annual rental projections are estimated at $181,000/yr, offering nearly a 10% return on investment. For even more added appeal, this home is in a superb location, just a 5-minute bike ride to the shops, restaurants, and attractions of nearby Rosemary Beach, The Shops of Inlet Beach, and 30Avenue. Built by CYAN Builders This property is truly a must see and is ready immediately to begin generating substantial rental income. Give us a call today to schedule your private showing.

Additional Information

Appliances
Auto Garage Door Opn, Cooktop, Dishwasher, Dryer, Ice Machine, Microwave, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator
Assmt Fee Term
Annually
Association
Emerald Coast
Construction Siding
Frame, Roof Metal, Slab
Design
Beach House
Elementary School
Bay
Energy
AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric
Exterior Features
Balcony, Pool - Heated, Shower
Fees
$2,400
High School
South Walton
Interior Features
Breakfast Bar, Ceiling Raised, Ceiling Vaulted, Elevator, Floor Hardwood, Furnished - Some, Kitchen Island, Newly Painted, Washer/Dryer Hookup, Wet Bar
Legal Description
LOT 7 MALA BEACH PB 20-93
Lot Dimensions
TBD
Lot Features
Within 1/2 Mile to Water
Middle School
Emerald Coast
Neighborhood
1806 - South of 30 A East Beaches
Parking Features
Garage Attached
Project Facilities
Pets Allowed
Stories
3
Subdivision
Inlet Beach
Utilities
Electric, Public Sewer, Public Water, TV Cable
Waterview
Gulf
Year Built
2019
Zoning
Resid Single Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of 30a Escapes Real Estate Sales.