Latest / Short Term Shopping / Emerald Coast

Transcript

Emerald Coast · Short Term Shopping

• 0:02
  Speaker A: Welcome to Short Term Shopping where we explore homes for sale in the best vacation markets in America. Some homes we do like, some homes we don't like. Brought to you by the short Term Shop. It's short Term Shopping. Welcome to Short Term Shopping. We are on the Emerald coast which is where we are physically here as well as virtually. We're going to look at some houses but I'm here on beautiful 30A. Where you living these days? You in PCB?
• 0:39
  Speaker B: I'm at PCB.
• 0:40
  Speaker A: Okay, wonderful. Yes. All right, we got Pete here from the Short Term shop and we're going to do a little shop and he's got some houses already picked out for us. So we're going to start with those and, and let it rip. So Pete, want to say hello and introduce a house or two and yeah.
• 0:56
  Speaker B: Hi everyone, Pete Apposado here. Short Term Shop cover anywhere from Destin to Panama City beach with everything in between. 30 been on the team now going on five years.
• 1:07
  Speaker A: Oh my. Time flies.
• 1:09
  Speaker B: Yeah, time flies when you're having fun. And yeah, here to show you some properties. I've kind of picked out some in PCB, Destin area and 38 as well, all across the budget profiles. All right, so starting in PCB and then we'll make our way to other markets. So here you have and I've chosen some condos, 10 townhomes and single family homes. So this one we're going to start out with, it's a five bed townhome here in pcb. I mean it's basically across the street from the beach, listed at 7:75, has a community pool, has an elevator. Again like I said, five bedrooms. So you have plenty of space for all your family to come. But let me show you, it says four minute walk but I mean look how close that is. It's probably two. It's literally right down the street from where I live. So I walk past this all the time when I go to the beach. I really like this little neighborhood. It has little cafes and stuff right, right around here. And so you know you have the beach access literally at the end of your street. So five beds, 775, something like this already does over 100k. And that I believe is using a management company. So if you self manage you could probably even up those numbers from there. But as you'll see it even has a garage that could be converted into a game room, a pool right there, community pool, beach access 36. And as you could see it's really well maintained. They made some really good Choices, obviously some updates here and there. Um, but from what you could see, the condition is really good on this property with outdoor space, et cetera. And, and so something like this at this price point, doing six figures a year I think is something for some people to consider. Some people don't want a townhome, I get that. But some people also want five bedrooms. And to get a house at five bedrooms, you're look usually looking at a higher purchase price than this.
• 3:27
  Speaker A: And how long has it been for sale?
• 3:30
  Speaker B: This has only been listed for maybe a week or so. Oh yeah. And so, yeah, let's see.
• 3:38
  Speaker A: Would you say that this is a fair price am I going to be interested in offering, you know what I mean? Or is it a little high, a little low?
• 3:47
  Speaker B: So other comps have sold in this development for right around this price. So based on comps, it's fairly priced. Obviously every buyer is different. Every seller seller's different. So what this seller may be willing to take as opposed to the last one could be different. But what I always advise my clients is, you know, you have one shot to offer less and we take it from there.
• 4:14
  Speaker A: All right. What did they pay for it?
• 4:18
  Speaker B: $520,000 and $21,000.
• 4:21
  Speaker A: Okay. They tried to sell it a few times already.
• 4:23
  Speaker B: Yeah.
• 4:24
  Speaker A: Which is good. That means they're done. They're ready to go.
• 4:26
  Speaker B: They're ready to go. Exactly. So they're, you know, they're getting buyer seller fatigue. So and at the end of the day, I mean a property, this property, you know, coming in with its existing numbers, you would be already cash flowing some. And if you're cost sagging it, it's even better.
• 4:45
  Speaker A: And if you manage it better.
• 4:47
  Speaker B: And if you manage it better. Exactly. That makes all the difference which people. You know, I have to educate my clients all the time on management. It's like any business, if you don't manage your business well, it won't do
• 5:00
  Speaker A: well a hundred percent. And we're here to teach you how to do that. Short term Shop plus has you covered management Monday going to get you rocking and rolling. No problem. All right, cool.
• 5:09
  Speaker B: Exactly. So let's go across to something else now. So I wanted to highlight this property one because I like it. It's a six bed, new construction, you know, walking distance to the beach. It's not as close to the beach as the last one, but still within that zone of like, you know, well under a half a mile to the beach. Getting a golf cart for something like this would probably serve you well. It's on the west end of pcb. And the reason why I wanted to highlight it is because, you know, people have this stigma of pcb. They feel it's. It's college spring break and a lot of older properties and stuff. But I wanted to highlight this one because this is what we're seeing a lot here at pcb. So kind of speaking to the spring break stigma of pcb, there's sort of a concerted effort here in the market with the local government and the police department. They're really kind of trying to tamper down on college spring break. They're trying to make PCB just as family friendly as Destin and 30A and trying to kind of get rid of that college spring break trouble that they feel come along. I don't personally see it, but I'm not a police officer, but you're now seeing a lot of new development that's coming in with a much higher esthetic than it was previously. So this is a property that I feel is well priced at six bedrooms, new construction, close to the beach. And if you could see the level of finishes that they're doing now in pcb, it's much more along the lines of what you would see in 30 years. There's a lot of properties, some that I've even sold in the last year or two, that the aesthetic of the property and the finishes are much higher scale than they were just three, four years ago. So you're getting these really nicely nice aesthetic to it. It's more of a modern feel with designer touches throughout. It's still a white box that would need some customization and some interest on the walls and stuff, but high ceilings, wet bar, you know, nicely placed, you know, shelving to kind of put some, you know, tchotchkes on the wall, you know what I'm saying? But it's done with a much more designer touch to it. And you're seeing this a lot here in PCB now, which I think is a good sign because now a lot of the properties coming in are much more on the luxury market. Whereas they used to just be a box that they threw up, now they're kind of coming in with a little bit more higher end feel, like nicer shower. Like, you know, this is a nice shower. It's not a typical fiberglass insert that you would have seen years ago. These are, you know, tiled showers, glass doors, double sink, double vanity, you know, not the typical builder grade, you know, square mirror that they put up with the screws on each corner. You know, you're Seeing just a higher level. Finished closets built in bunks. You know, you're just seeing it. It's just a higher level. This listed at 1.4 new construction 1 it's going to keep your insurance premium down for quite some time because of the age of construction. But also something like this is already projected to do over 160,000 a year and that's using a management company that's from a local PM's projection. So self managing it would take that number up even more. Outdoor space treks it's not, you know, it's not, it's not. It doesn't look like it's wood to me. It looks like it could be Trex which means less maintenance. Again, tiled bathrooms. It's just a higher level. Hardscape backyards with a pergola covered patio pool. Not the biggest pool but nonetheless a pool outside, shower. So it's just a higher level than what we used to see it here in PCB just a couple years ago. Five miles to Pier park. You know it's, it's in a great location. You're four miles to Rosemary Beach. So it's in the west end of pcb. So I love the west end mainly because there are no condos along the beach. The condos stopped you know, a mile prior. So you're not going to get the obstruction of the condo buildings on the beach when you, when you make your way there. But you're also really well located because you have the amenities of PCB but then you also have almost equidistant to Rosemary Beach. So a lot of people looking for properties that kind of want 38 but don't have the budget for 30A tend to look more on the west end of PCB.
• 10:11
  Speaker A: This house is, has never been sold. It's brand new.
• 10:15
  Speaker B: I believe it was built not too long ago. Let me double check. I think it was 25. So no, I don't believe it was ever sold.
• 10:24
  Speaker A: It's very attractive.
• 10:25
  Speaker B: Yeah, it's a nice. And it's on a street called Sunset, you know two, two blocks or so from the beach. Not, not very far from the beach. I have a client that has, that's about the same distance from the beach that I sold them the house two years ago. They do 130 on that house and it's a three bedroom. This is a six bedroom.
• 10:47
  Speaker A: Okay. I like this one. It's very cute. Easy, easy, easy. If you're a doctor looking for tax benefits you wouldn't have to worry about, you know, well Again, you always have to worry about people breaking things, but of course, a little easier when they're not 40 years old. So.
• 11:03
  Speaker B: Yeah, well, you get some crazy 40. Bye. Let's see, on to the next one. So here's one that I like. I actually just walked through this house a week or two ago with clients. It's actually in very good condition for the age. It was built in 2006. Not super old, but not new construction. Four bed, three and a half bath with a pool in the backyard. About 2400 square feet. You can actually see the beach from the third level.
• 11:34
  Speaker A: Really?
• 11:35
  Speaker B: Yeah. Not the best view, but you definitely see the beach. I would say it's more, more than a peekaboo view, but definitely you get some beach visibility from this house. Let me show you some of it. Really nicely done. It's a little bit more standard than the last property I sold you, but showed you. But, you know, it's it nonetheless. You know, high ceilings. It is what it is. It's literally across the street from the beach. So proximity to this one is similar to the first one that I showed you, but this one's even closer. You know, you have a nice eat in area. Plenty of space for your family to congregate. Cabinets are a little bit older, easily, easily refinish those with some paint. Laundry room, your half bath right there. You have one bedroom on the main floor right here. Back here in this room, which also walks you out to the. The pool area.
• 12:45
  Speaker A: I like this.
• 12:46
  Speaker B: Yeah, no, it's. Honestly, it's a very good property for the price that it's at, the proximity to the beach. Yeah, they threw a bed in the closet. Little strange, but. Yeah, it is what it is. I mean, listen, you know, if, if, if, if the wife's husband's annoying her that night, she could just throw him in there and lock him in for the night and, you know, he'll be, he'll be better behaved in the morning.
• 13:09
  Speaker A: I don't know. Sometimes, you know, sometimes you get drunk enough on vacation, the husband's going to put himself in there on purpose, you
• 13:14
  Speaker B: know, There you go. Exactly. So you never know. So a little bit of a strange design choice, but it is what it is. Covered patio outside, really nice pool area. It's in good condition. I've walked it. I was there for at least 45 minutes with my clients. But definitely a good property. Under the million dollar range. Again, if you're looking to cost seg, this could be a good property for you to do so.
• 13:43
  Speaker A: And why did they Pass. Just out of curiosity, they have not yet. Oh. So the good news is this is not coming out in real time, so maybe they've already purchased it.
• 13:53
  Speaker B: Exactly. They happen to be in Italy on vacation right now, so. But we are looking at, we looked at, I believe six or seven houses that day. So, you know, but I think this is one to share with other people as well. Just to show you what's kind of available and where.
• 14:10
  Speaker A: I like it. Good price, good location. It's got a pool, it's got everything you need. Those beds do need to be replaced, but the floors are great. The, the bed in the closet house, ladies and gentlemen. The bed in the closet house.
• 14:24
  Speaker B: Exactly. And so, you know, it, it, it definitely. And here's the upstairs kind of game room area.
• 14:31
  Speaker A: Wait a minute. Go back. Did I say there was 29 is. There's two houses for sale. Yeah.
• 14:37
  Speaker B: The two deck store are owned by the same person.
• 14:40
  Speaker A: I see. So three in a row.
• 14:42
  Speaker B: Two in a row. 5310 and 5312. Yeah. So this is the upstairs area. It has bunks. It has another bedroom, arcade games, and another bathroom up here. A little wet bar area as well, another tv. So this would be a great area for, you know, the adults to play or the kids to play. An outdoor space. So you kind of can't see it from these photos, but you do. There you go. You could kind of see the beach, the water from here. Not like I said, not the best view, but you do see the beach. Covered patio. Again, nice property at its price range.
• 15:22
  Speaker A: I like it.
• 15:22
  Speaker B: Yeah.
• 15:23
  Speaker A: What was the price again?
• 15:24
  Speaker B: 949.
• 15:25
  Speaker A: All right.
• 15:26
  Speaker B: Okay. Now those are kind of properties that kind of hit the boxes, the check marks. Right. For something that could be an str. I also wanted to highlight something that I get a lot of clients reaching out to me. They'll look on Zillow or realtor.com and they'll say, hey, all the properties you're sending me are 700 grand. I found this one for 489. Right. Now I want to show you why this doesn't make sense. Okay. So I think this is kind of going to be a good learning lesson for everyone watching. Yes, this is new construction. Four bed, two bath, 1900 square feet. 489.
• 16:09
  Speaker A: Okay.
• 16:09
  Speaker B: Just listed 53 days ago. It was built in 23. I don't believe this ever sold. I could be wrong on that, but this is a new community. Here's why this doesn't make sense. Okay. Yes, you could short term rent. It but if I pull up the map, here's the beach. This is Highway 98. This is a six lane highway. You do not want to buy a property north of Highway 98 ever. Okay. 98 runs all the way from Panama City beach all the way to Destin, all the way to Pensacola, I believe. Correct?
• 16:51
  Speaker A: Yes.
• 16:53
  Speaker B: So this highway runs parallel to the beach in most of these beach towns.
• 17:00
  Speaker A: Just to be clear, I think it changes name, this changes its name at some point up there. But yes, you can go all the way to Pensacola. I just did it the other day, actually.
• 17:09
  Speaker B: Exactly. Now, in Destin, the short term regulations are a little bit more clear cut. Anything north of 98 cannot be short term rented. There are one or two developments grandfathered in, but for the most part you cannot short term rent a property in Destin north of 98. Panama City beach is different. They, their short term rental regulations for properties are a little more lax. So you can short term rent it. But as an agent who sells a lot of properties here and on a team that we know what we're doing, you would not want to buy this as a short term rental.
• 17:50
  Speaker A: But, but Pete, it's only 400.
• 17:52
  Speaker B: Yeah, well, you know what then? You know when you're not making $50,000 to cover the note, don't say I didn't tell you.
• 18:01
  Speaker A: Gotcha.
• 18:02
  Speaker B: You know what I'm saying? So it's north of 98. I almost always, I, I shouldn't almost. I always tell my clients, if it's north of 98, don't look at it.
• 18:12
  Speaker A: Yeah, I agree.
• 18:13
  Speaker B: And this is why.
• 18:15
  Speaker A: So if you want to move into it, go ahead.
• 18:17
  Speaker B: Yeah. If you were looking to move here, to live here in your primary, different story. But if you're looking strictly as a short term rental, I would not recommend this. So I tell my clients this all the time. So I just want to say it again. If the property is north of Highway 98, it will not make a good short term rental in Destin 38 or Panama City Beach.
• 18:42
  Speaker A: I agree.
• 18:44
  Speaker B: Okay, moving on. Now kind of down to the lower end of the budget, we're going to look at this condo. This is a building called the Summit. Okay. This is one of those buildings that have been here for decades. And this is a one bedroom in the Summit, nicely updated with bunks in the wall.
• 19:07
  Speaker A: Right.
• 19:07
  Speaker B: And I believe the couch could be a pull out. I'm not sure. This could accommodate up to six people. You might not want to put six, but it could accommodate up to six people at 310 something like this will probably do north of $50,000 in revenue if you manage it well and make it look better than it currently does. It's right now the reason why I kind of like this one is it was updated and it's basically a white box.
• 19:36
  Speaker A: Right, I'm sorry, condo or townhouse? Condo.
• 19:38
  Speaker B: Condo. Condo, yeah, yeah, yeah, Beachfront condo. And so, you know, I would probably paint the cabinets, you know, but as you can see, it's kind of a white box. There's not much done to it, which in some situations that allows you to put your touches on it to make it look even better. But at 310, this property, like I said, the numbers that this probably not that it probably does that properties of this size beachfront do in pcb, you know, you're getting at a good price. Also, the thing I like about this building is it's gone through the structural inspections. There was just work done. So all of that basically has already been paid for by the previous owner. And the HOA fees on this building are under $800 a month, which in this market is on the lower end. And to remind everyone in these markets, your HOA fee covers everything except for your electric bill,
• 20:43
  Speaker A: including insurance.
• 20:45
  Speaker B: Including exterior insurance, you will have to get interior personal property insurance, which runs about 12 to 1400 a year. So that's really only the only thing that you would have to get other than pay your electric bill. But on a one bedroom condo, your electric bill is probably a hundred bucks a month. But again, nice property, great view, good sized balconies as well a well known building with two pools. Again, these properties generate good money and they're typically rented almost all year round.
• 21:20
  Speaker A: All right, so if I got a low. Hold on, if I got a low budget, sorry, want to be on the water. I mean you can be on the water here for 310.
• 21:27
  Speaker B: Yeah.
• 21:27
  Speaker A: And this is, this is a fantastic situation for somebody that lives in Ohio, wants to come down to the beach often, get out of the cold, come stay here and work from the condo for a month and a half in the wintertime. Wonderful.
• 21:42
  Speaker B: Exactly. Now also, one thing I wanted to point out with condos, so up until I believe last month, condos, because they're non warrantable, always require 20% down. Fannie and Freddie have changed the rules and now you can put as little as 10 to 15% down on some condos. So obviously that would be a lender issue. Your lender would have to look at the building to make sure that they meet the new rules. But yes, the down payment on condos has just gone down. So anyone looking to get into a condo now, you could be looking at less out of pocket with your down payment.
• 22:25
  Speaker A: Love that.
• 22:28
  Speaker B: And then staying with that condo. The reason why I brought this one up is this is a three bedroom. So I get a lot of clients that, you know, that say they want to buy a 3, 2 house, you know, which most of them are in the 450 to 550 range, sometimes 600 if it has a pool, you know, but you have no view. Something like this, which is three bedrooms, three baths, 1900 square feet with a amazing outfit. Like I believe the outdoor space on this is huge. So with a condo like this that could accommodate probably 12 people. It's 10 to 12 people. You. This could be a better situation than buying a single family house because you have the views and you have the amenities that most homes will not have. And so something like this at 725 could be a good alternative for some people. I mean, and look at the views that you will not get with any house. So I mean, it's a really spacious three bedroom, three bath condo with excellent views. I think this is the penthouse, if I'm not mistaken. I believe it is. Maybe some paint you want to do. But the bones of this property is, is really, is. Is great. So something like this at that price. And I even believe that they're offering a concession. So it actually brings the price down to closer to 700,000.
• 24:15
  Speaker A: Let me see the exterior again, the outdoor. So that all that belongs to this unit or some of it is public.
• 24:22
  Speaker B: I believe it does.
• 24:24
  Speaker A: Oh, wow.
• 24:25
  Speaker B: The listing agent mentioned to me. Yeah, the listing agent mentioned to me that there's a lot of outdoor space. She didn't clarify if it's. But I believe it's right outside the unit that. I don't quote me on that. But you know, it. She told me that because it's on the top floor, this unit has a lot of outdoor space. So again, condo for maybe for a different buyer looking for different things. But again, this property could be, you know, something like this would probably be due north of 100,000 if managed well. So again, a good potential for.
• 25:09
  Speaker A: I think so. I mean, look at that. If they get to walk out on that, even if you don't own that, I'd be surprised if you own this picture right here. But even if. But it doesn't look like it's heavily traffic. There's not like a bunch of chairs or anything out there.
• 25:23
  Speaker B: Yeah, exactly.
• 25:25
  Speaker A: That's Pretty cool. I like that. I would, I would want to see that one in real life. For sure.
• 25:28
  Speaker B: Yeah. Okay. And now we're gonna go. So we're kind of leaving PCB now and we're gonna make our way more to Destin area. And so. Yeah, so this is one of the properties I want to highlight in a community called the Villages of Crystal Beach. If you're looking in Destin and you're looking for something under a million, you know that invested, your options are not going to be plentiful. But there's definitely, there are definitely properties available now. This is a community that is mostly all short term rentals with an amazing lagoon pool centered in the middle of it. I've sold multiple properties in this development and they all tend to be pretty consistent renters. Some of the properties have not been updated well, but some have. This one I feel has been updated pretty well. It's listed at 899. You know, interior looks good. You know, maybe some changes you want to make. Add a little of, you know, a little life to it. It's kind of stark, but not bad. It has good bones to it, but it looks like it's maintained and in good condition. So something like this at 899, maybe even start a little bit lower, I don't know. But these, these properties tend to be, tend to rent. Well, you have the community pool, which makes a difference. The good thing is none of these properties in this development have private pools. They all share the community pool. So you're not, your property will not be at a disadvantage to another property because they all share the same community pool. See how they're all centered around the pool. And then there's another layer of, of streets that surround that are on the perimeter. So walking to the pool is pretty super close for no matter where you are in the community. It does have a shuttle bus that takes you to the beach, I believe a couple times an hour. And it's a very short term rental friendly neighborhood. I think all the properties in there are STRs. And as you could see, not far from the beach, close to shopping as well, right off of 98. So you have a bunch of shops and things to do right outside the community. You know, you have all of what Destin has to offer and then the beautiful beaches, obviously.
• 28:04
  Speaker A: Yeah, I like this option. I actually go back to that, that satellite photo, the. No, the overhead drone photo right there. My house is. I have a house just to the left one. So the row of houses there to the left. Mine's across the street from that. So I'm over there all the time. I do love this little neighborhood. The pool's fantastic. It's a great little rental, you know, rental machine, like we were saying. And you know, it's going to. It's going to get some use for sure. So know what you're getting yourself into, I mean, with any rental, really. But I think these are great options. Again, like you said, this is your best option, really, for under a million in Destin.
• 28:45
  Speaker B: Yeah, exactly. And you know, I've sold multiple in here. Obviously some sellers are negotiable, Every seller is different. But I think this is a good option for someone definitely wanting to be in Destin and just doesn't have the budget to be over a million.
• 29:02
  Speaker A: Love it.
• 29:03
  Speaker B: Yep. Now we're right near Destin is Miramar. So kind of want to highlight this property I've sold in here as well. These are really nice properties built, you know, in 2019. These are big single family properties. They also share a community pool. But these are six bed, five and a half bath, really well constructed. And already, you know, this is. Already has 155,000 on the books, I believe, for 26 or they. They guarantee 155 in rental revenue. I have a client that does closer to 200 a year on these property, on a very similar property on the same street. So these are really nice properties. About a quarter of a mile to the beach. A lot of these hosts will have a golf cart, as you could see, to make it easier to get to the beach. But really nicely done. Spacious for, you know, probably could accommodate 18 people. The upstairs is kind of its own game room and bunk room, you know, with. With views outside. Here's the community pool area, which has pools and lounges and a kind of like a little clubhouse. You could cook out there. They have grills and all of that. Nice shiplap walls. Just everything was done well. It's super spacious. And at this point for what these revenue, the potential revenue on these properties can be, you know, at this close to the beach. I think this could be a good option for someone as well. Nice little community too.
• 30:49
  Speaker A: Yeah, I love that pool.
• 30:51
  Speaker B: Yeah. So you have this whole like hangout area, grills over here, you know, a whole community, basically. Dining area, TVs, loungers, everything. So this is a really nice little development. It's kind of hidden. They call it the retreat for a reason. So, you know, I think this could be a good option for some people. And then you obviously have. You have the beautiful Beaches, I believe it's about a quarter of a mile away.
• 31:25
  Speaker A: Yeah, very interesting option. I like it.
• 31:28
  Speaker B: And a garage. So from the photos they don't show the garage that I saw, the garage could probably be used for, you know, obviously storage. I would think it's small, but if it's not, maybe could be used for, you know, converting into something more useful.
• 31:45
  Speaker A: Golf cart, garage. But yeah, I like the garage. You can put your chairs in there and beach wagon. And I usually put beer pong.
• 31:53
  Speaker B: Yeah.
• 31:54
  Speaker A: Is this a new house?
• 31:56
  Speaker B: 2019.
• 31:58
  Speaker A: What's the price history?
• 32:00
  Speaker B: They were about half the price as they were as they are now. So definitely room for, you know, the seller has equity on this property.
• 32:08
  Speaker A: I got you.
• 32:09
  Speaker B: So could be, you know, there could be some room for negotiation. But yeah, it's, it's. Let's see. So this one sold at, they listed it a few times, but it sold at 745 in 2019 when it was new constructed.
• 32:34
  Speaker A: Okay. Okay.
• 32:38
  Speaker B: And then I, my last one, now we're going to 38 and we're kind of in a different price point. So this is 2.5 million. It's a six bed, five bath house in Seagrove, which. I love Seagrove. I think Seagrove is a great community mainly for where it's kind of located on 30A. You have Seaside, not far. And then you have a bunch of other things just in the opposite direction. Built in 22. So it's a newer house, but it has, you know, you're going to see from the photos here, you know, it has covered parking. It has, I mean just look at the proximity to the beach right there. I mean it's super close to the beach. It has a private pool. It's kind of on this, you know, not normal shaped lot, but it kind of works for it, you know, so you have this whole covered outdoor area, but again, beautifully done inside, nice finishes, big open rooms. So it could accommodate all your family or two families traveling together. But again, like really well done designer touches. Built inside for your bunks. Not just a bunk thrown in a corner like in some houses. This was, this was thought when they built it. And so, you know, spacious rooms, plenty of storage and sleeping probably for 16 to 18 people, I would guess just based on the bedroom count. But it's a good sized property. And then this whole nice outdoor pool area with hardscaping. But as you could, as you saw, you know, proximity to the beach on this is, is, is great. And in the, in the 38 area, a six bedroom at 2.5 is not out of question by any means. You know that.
• 34:44
  Speaker A: Yeah, absolutely. This is a fantastic area. This is, this is a higher end area, for sure.
• 34:48
  Speaker B: Yeah, I love Seagrove because, you know, I just think, you know, a lot of people end up wanting to go to Seaside and Seagrove is basically just down the street. But you're not dealing with the crowd like you do in C Grant.
• 34:59
  Speaker A: Oh, it's Jess's listing.
• 35:01
  Speaker B: Yeah, yeah, exactly.
• 35:02
  Speaker A: Okay.
• 35:03
  Speaker B: Yeah, yeah,
• 35:06
  Speaker A: Cool.
• 35:07
  Speaker B: So that, so it kind of brings you from PCB to Destin to 30 a kind of all across the different price points and different property types. So we talked about a townhouse, we talked about several condos and then just some single family homes. It kind of goes across the price points, but obviously we can't cover everything in this short of period of time. But that's why we're here.
• 35:31
  Speaker A: I love it. You did Great. Go to 207kona. Again, it's two tabs over. Yes, sir. And let's look at that price history.
• 35:39
  Speaker B: Sure. So it sold at $1,050, $22,000.
• 35:46
  Speaker A: They're losing money.
• 35:47
  Speaker B: They're losing money. But that's, you know, that's par for. That's what we see in the market. You know, anyone that bought in the COVID time typically overpaid for the property or paid more than it's currently.
• 35:59
  Speaker A: Right. Or needs to hold onto it.
• 36:02
  Speaker B: Yeah, exactly. But the fact that they've tried to sell this a few times says they've come to the determination that, you know, they're, they're. I just, I guess they're just gonna cut and run.
• 36:12
  Speaker A: And the listing itself says just bring us an offer. It says, sounds like they're just ready.
• 36:17
  Speaker B: Yeah. And also too, I mean, no matter what the seller wants, when there's multiple comps in the development that say you're, you know, that this is the price that it's going for. Now reality sets it.
• 36:29
  Speaker A: Yeah.
• 36:30
  Speaker B: You know, you're not gonna, you know, at the end of the day, the property still has to appraise. And with the number of comps in that community under the 900,000 or right around 900,000, they're not gonna get what they want for it.
• 36:41
  Speaker A: Yeah, the market has changed tremendous. More so. More. Probably more change in the market in the past 10 years than any 10 year period in history.
• 36:51
  Speaker B: Yeah, I agree. Yeah.
• 36:56
  Speaker A: All right, buddy. Well, listen, you're wonderful. You knocked it out of the park. How do we get ahold of you?
• 37:01
  Speaker B: If anyone's interested in discussing buying in these markets, reach out to me at Pete the ShortTermshop.com P E T E at the ShortTermshop.com you can find me on the Short Term Shop website. Just reach out, send me an email and I will be in touch with you. And we could set up a time to chat.
• 37:24
  Speaker A: Now we're talking. Theshortermshop.com you join us every Wednesday for a meeting with myself, Q and a style with Avery as well, our founder, which is stsconsultation.com short term shopping we love you. Hold on, let me get rid of this real quick. All right. There we go. And let's do it again sometime, buddy. I appreciate it.
• 37:48
  Speaker B: You got it. Good talking to you.
• 37:49
  Speaker A: My pleasure.
• 37:50
  Speaker B: Have a great day.
• 37:51
  Speaker A: Later.