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Property Description

Recent interior painting ensures a fresh aesthetic, and the seller is now offering a $20,000 concession at closing! Main AC and apartment AC above the garage were replaced in 2024. Upstairs AC was replaced in 2021. This stunning lakefront estate, situated on over an acre of meticulously landscaped grounds, boasts of 200 feet of pristine waterfront and offers a prime investment opportunity. The property's potential for development into a bed and breakfast or yoga retreat is substantial. Priced under $300 per square foot, this exceptional property presents a unique opportunity for renovation and value enhancement. Upon entering, discover an entertainer's paradise, complete with a grand horseshoe drive that sets the tone for an unforgettable lakeside experience. The first floor features a cozy day room with a fireplace, a theater room, and a well-appointed kitchen with a chef-inspired design. The primary suite serves as a serene oasis, complete with a king-sized bed, separate sitting areas, and a luxuirous en-suite bath. Three additional guest bedrooms and a private pied-a-terre above the garage provide comfort and privacy for all guests. Outdoor amenities include an oversized, screened-in pool, a freshwater lake, and a freestanding hot tub. The property's lack of an HOA provides new owners with the freedom to add any additional amenities they desire.

Overview

Property Status
Sold
Lot Size
1.22 Acres
MLS ID
951891
Property Type
Residential
Year Built
1990

Features & Amenities

Architecture Styles
Traditional
Water Frontage
Lake
View Description
Lake
Stories
2
Garage Spaces
3.0
Utilites
Electric, Phone, Public Sewer, Public Water, TV Cable
Pool
Pool Type
Lot Features
Within 1/2 Mile to Water, See Remarks
Heat Type
Heat Pump Air To Air, Central
Air Conditioning
Ceiling Fan(s), Central Air
Other Exterior Features
Fenced Back Yard, Fenced Lot-Part, Hot Tub, Lawn Pump, Patio Enclosed, Patio Open, Pool - Enclosed, Pool - Heated, Pool - In-Ground, Satellite Dish, Separate Living Area, Shower, Sprinkler System
Elementary School
Van R Butler
Middle School
Emerald Coast
High School
South Walton

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480 Sugar Drive

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