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Florida mansion sells for record-breaking millions in upscale neighborhood

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A stunning beachfront home in Santa Rosa Beach, Florida recently made history as the highest-priced sale ever in the town, selling for an impressive $8.55 million. This luxurious five-bedroom, six-bathroom home in WaterColor’s Gulf District captured the attention of buyers from major cities like Chicago, thanks to its blend of coastal elegance and modern comfort. The home, which was completely renovated in 2018, sits on a spacious lot and boasts two full-sized kitchens, a private media room, and access to private beaches and amenities in WaterColor.

The first floor of this beachfront beauty features a living room, sand and laundry room, a luxurious king suite, and additional bedrooms perfect for accommodating up to 12 guests. The home also offers two full-sized kitchens equipped with top-of-the-line appliances, including a wine cooler, range stovetop, and grill on the front balcony porch for outdoor dining. The private media room on the third floor provides a cozy spot to relax and enjoy panoramic views of the Gulf coast from the balconies.

Buyers are increasingly drawn to the 30A market between Destin and Panama City, Florida, with its charming beach towns and scenic beauty. The area was named one of the top places to buy a beach home in 2023, with the average home costing about $640,000. With a cap rate of 4.6%, buyers can expect a significant return on investment by renting out their beachfront properties, making it an attractive option for those seeking coastal living experiences. This trend of increased interest in the 30A market from major cities is reflected in the recent record-breaking sale in Santa Rosa Beach.

Maria McKenna, a luxury real estate adviser at the Spears Group at Compass, represented the buyer from Chicago and highlighted the unique features of the home that set it apart from the rest. The acquisition of this stunning property in Santa Rosa Beach sets a new benchmark for excellence in the Northwest Florida real estate landscape, reflecting the evolving preferences of buyers seeking unparalleled coastal living experiences. It also underscores the trend of increased interest in the 30A market from buyers across the United States, further solidifying its reputation as a desirable destination for luxury beachfront homes.

The luxurious beachfront home in Santa Rosa Beach offers a unique opportunity to experience coastal living at its finest, with access to private beaches and amenities in WaterColor. The sale of this stunning property not only sets a new benchmark for excellence in the area but also reflects the growing interest in the 30A market from buyers seeking unparalleled coastal living experiences. With its blend of coastal elegance, modern comfort, and breathtaking views, this record-breaking sale has put Santa Rosa Beach on the map as a premier destination for luxury beachfront living.

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