Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Crown Molding, Pantry

  • Total Bedrooms

    3

  • Bathrooms

    3

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    Community

  • View

    Bay, Lake

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    N/A

Price

  • Sales Price

    $485,000

  • Tax Amount

    $3,483

  • Sq. Footage

    1,763

  • Price/SqFt

    $275

HOA

  • Association

    YES

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Van R Butler

  • Middle School

    Emerald Coast

  • High School

    South Walton

Property Features

  • Stories

    24

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Walton

Elementary School

Van R Butler

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Dean Ladick, Keller Williams Realty Destin

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Dee Anderson

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This is a unique opportunity to own the ''Best Seats in the House'' and be completely surrounded by water! Located on the 21st floor and pitched to the SW, you'll have an unobstructed view of coastline sunsets...every day. What's more is the 2nd balcony allows you to watch sunrise and fireworks at Baytowne. This tastefully decorated unit offers not only a coastal contemporary feel, but an openness not offered in most condos. This larger floor plan has considerably greater width in the living area. Tile throughout, stainless steel appliances, granite countertops, crown molding are among the many extras! Buyer to verify all dimensions.

122 Seascape Drive #2101

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" 2 Bed / 2 Bath, 1,110 sq ft, ground floor, no stairs

" Fully furnished, turnkey

" Private covered patio, golf course view

" Primary bath: full renovation, all-new plumbing and finishes

" Kitchen: previously updated cabinetry, countertops, appliances

" HOA: quarterly assessment, includes water, trash, cable, internet, ground keeping, master association, security, sewer, legal

" Short-term rentals permitted


Market Position

" List price is below the $373-397/sqft range recently achieved by comparable updated twin-floorplan units in Seascape

" Comparable sold units for reference: 159 Sunset Bay #23A -- sold $435,000 (Dec 2025)

" 283 Sunset Bay #28C -- sold $415,000 (Mar 2026)

" 764 Seascape #16D -- sold $412,000 (Nov 2025, 12 days on market)


Financial Notes -- Verified (Source: Seller-Provided Cost to Own Sheet + Seller Interview)

" Documented owner net rental income: $42,920 (2022), $32,995 (2023), $34,232 (2024). Three-year average: ~$36,700/year. Data predates the 2025-2026 season; request an updated statement from the rental program for the most current figures.

" Seller confirms these net figures are already after sales/bed tax remittance (~20% of gross). Estimated gross rental revenue: ~$41,000-$54,000/year, averaging ~$45,900/year across the three years.

" Self-management caveat: the seller books and manages the rental themselves -- no third-party management commission has been deducted from the net figures above. A buyer who intends to self-manage can reasonably expect similar economics. A buyer who plans to hire a property manager should underwrite a further reduction for that management fee, since this seller simply didn't pay one.

" Documented annual carrying costs: Seascape Master Association $943.77/quarter + COA Phase 3 $1,394.23/quarter ($9,352/year combined), property taxes $3,055.42/year (2024), electricity ~$1,800/year. Total operating expenses: $14,207.42/year.

" Bottom line for underwriting, confirmed directly with the seller: net rental income does not yet have HOA dues, property taxes, or electricity deducted -- the owner pays those separately out of pocket after collecting rental income. True owner profit nets the two figures against each other: average ~$22,500/year, or ~5.8% unlevered yield on the current $389,900 ask. This is a confirmed number, not an inference -- safe to use directly with a buyer's agent.

" Seller is motivated and open to a fast, clean closing timeline

" Buyer's agent commission: 2.5% co-op, confirmed


Buyer Persona -- Who This Property Actually Wins

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" This is the value entry point into this floorplan in Seascape right now -- not the flashiest unit, the smartest number.

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" New plumbing behind the primary bath wall is a genuine long-term win most buyers never think to ask about until it's already a problem elsewhere.

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Fresh and thoughtfully updated throughout, the interior features wood-look plank flooring, a soft coastal palette and updated lighting and fixtures. The open living and dining area extends naturally to the screened porch, creating an inviting connection between the interior and the cottage's peaceful, park-like surroundings.

The renovated kitchen is bright and functional with crisp white cabinetry, quartz countertops, stainless steel appliances and a breakfast bar overlooking the main living area. The spacious primary suite features a detailed accent wall and custom lighting, while its beautifully updated private bath includes a tiled walk-in shower. The guest bedroom and second renovated bath offer comfortable accommodations for family and guests, with thoughtful updates carried throughout the residence. 

Just beyond the living area, the screened porch provides a front-row view of the natural setting that distinguishes the beach cottages. Recently refreshed landscaping, seasonal flowers and renovated water features create a serene backdrop, while walking paths meander beneath the tree canopy and throughout the gated resort grounds.

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MLS#: 1010942

*OWNER FINANCING AVAILABLE. INQUIRE FOR DETAILS. Freshly renovated and move-in ready, this beautifully updated 4-bedroom home plus heated and cooled Florida room offers a seamless blend of comfort, functionality, and coastal lifestyle. Tile flooring flows throughout the home, complemented by updated lighting fixtures and a freshly painted exterior for a crisp, modern feel.

The renovated kitchen features freshly painted cabinetry with new hardware, granite countertops, an undermount sink, and brand-new stainless appliances--creating a clean, elevated space ideal for everyday living and entertaining. Both bathrooms have been tastefully updated with new tile tub/shower combinations and new vanities. The spacious primary suite is filled with natural light and includes a generous walk-in closet and private renovated ensuite bath. The heated and cooled Florida room features a durable epoxy-coated floor and offers flexible space for a home office, fitness area, playroom, game room, or additional living area. A wood-burning fireplace adds warmth and character, while the two-car garage provides attic storage and an additional refrigerator.

Exterior upgrades include a new privacy fence with gate, refreshed landscaping, and a new mailbox. Major systems include Roof (2022), Water Heater (2017), and BRAND NEW HVAC(July of 2026). Additional peace of mind comes with a recent termite inspection, wind mitigation report, 4-point inspection, and impact-rated vinyl windows--one of the few homes in the community offering this upgrade.

Residents enjoy community amenities including a bayfront dock, pool, tennis courts, park, and pavilion, along with nearby county park access featuring a public boat launch, pickleball courts, and playground. Located just minutes from the bay and a short drive to the beach, this thoughtfully sized home offers an easy, low-maintenance coastal lifestyle.
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