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listing
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CondoFor Sale
$4,900,000
7885 Gulf Blvd 1-12
Navarre Beach, FL 32566
Courtesy of Mike Price Signature Homes
MLS: Pensacola MLS (PARMLS)
0Beds
10,128Sq Ft
Est. Mortgage
$25,393/mo

Seller has a contract to purchase this property & is considering partners / investors for the rehab project. The property is known as the Sand Dollar Condominiums located at 7885 Gulf Blvd. The lot size is 100x130 and has a 3 story building that was built in approximately 1986. It consists of 12 units that are individually owned. The building has some issues, but most seem to have had lack of maintenance. The main building appears to need some structural repair, but most of the main building seems sound. The entire rear balcony was redone years ago, but the rework has failed and the rear balconies need to be completely rebuilt. There are also some areas at the front of the building that need wood repair and stucco repair etc. Floor 1 has 5- one bedroom units, Floor 2 has 2- one bedroom, and 2- two bedroom units, Floor 3 has 2- two bedroom and 1- three bedroom unit. Making a total of 12 units. Some of the units were actually rented in the recent past and are in decent condition, but most likely someone would want to remodel all of the units and most are very dated looking etc. See Photos.

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Courtesy of Mike Price Signature Homes
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