38 Mala Way, INLET BEACH

$1,950,000

5 Beds
5 Baths
3,198 Sqft
0 Acres
1 Garages

Spectacular new-construction home with breathtaking forever views of the Gulf of Mexico. This home is the 1st of 7 total that will make up Mala Beach, one of Inlet Beach's newest premier gulf-side neighborhoods. Situated just steps from Walton County's largest beach access, you can walk out your front door and have your toes in the sand in less than 3 minutes. Enter the home through the front door and you're met with dramatic 14-ft ceilings and beautiful shiplap covered walls. The downstairs consists of 2 bedrooms, one that's been purposed as a bunk room with unique loft-style beds for the kids, and the other a downstairs master suite with attached full bath. Luxurious finishes around every corner including a wet bar with built-in wine cooler and an elevator that services aLuxurious finishes around every corner including a wet bar with built-in wine cooler and an elevator that services all 3 floors.

1st floor also includes an additional full bath and a common living area, making it the perfect gathering place for family and friends.

As you continue on to the 2nd floor, there are 3 total bedrooms, one with ensuite bath and the other 2 connected with a full jack-and-jill style bath.

Also on the 2nd floor is a wonderful outdoor veranda with captivating views of the gulf, and offering the perfect space for relaxing with your morning coffee or evening cocktails.

This floor also includes the laundry area, which has been thoughtfully positioned central to all 3 bedrooms and is enclosed with a magnificent custom-built sliding barn door.

As you continue on to the the 3rd floor, you'll notice a wonderfully open space consisting of the kitchen, dining, and living areas.

Kitchen has all high-end stainless steel appliances including a built-in ice-maker and additional wine cooler, and accented with beautiful custom cabinetry and quartz countertops.

Ceilings are vaulted in the living room, adding to the open and spacious feel, and abundant natural light floods in from the floor-to-ceiling glass doors and fills the rooms.

Slide open the doors and step outside onto your very own private oasis. A large and expansive deck with 3rd floor heated pool is truly extraordinary, and creates the optimal space for entertaining guests, splashing with the kids in the pool, and experiencing every sunrise and sunset.

Another notable feature is the garage, which provides tremendous additional storage space with enough room to park a car, golf cart, or to store your beach gear.

If you're considering this property as an investment, the opportunity is excellent. Annual rental projections are estimated at $181,000/yr, offering nearly a 10% return on investment.

For even more added appeal, this home is in a superb location, just a 5-minute bike ride to the shops, restaurants, and attractions of nearby Rosemary Beach and 30Avenue.

This property is truly a must see and is ready immediately to begin generating substantial rental income. Give us a call today to schedule your private showing.

Essential Information
MLS® #821838
Price$1,950,000
Bedrooms5
Bathrooms5.00
Full Baths4
Half Baths1
Square Footage3,198
Acres0.00
Year Built2019
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
Community Information
Address38 Mala Way
AreaSouth Walton East
SubdivisionMala Beach
CityINLET BEACH
CountyWALTON
StateFL
Zip Code32461
Amenities
AmenitiesPets Allowed
Parking Spaces1
ParkingGarage: Attached
# of Garages1
Has PoolYes
Utilities

Electric Available, Public Sewer Available, Public Water Available, TV Cable Available

Pool

Pool - Heated, Private, Community

Interior
HeatingHeat: Central Electric
# of Stories3
Interior Features

Breakfast Bar, Ceiling Raised, Elevator, Floor Hardwood, Kitchen Island, Newly Painted, Washer/Dryer Hookup, Ceiling Vaulted, Furnished - Some, Wet Bar

Appliances

Auto Garage Door Opn, Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Washer, Ice Machine, Range Hood, Stove/Oven Gas, Wine Refrigerator

Cooling

A/C: Two Or More, A/C: Central Electric, Ceiling Fans

Exterior
Exterior FeaturesBalcony, Pool - Heated, Shower
Lot DescriptionWithin 1/2 Mile Of Water
RoofRoof Metal
ConstructionFrame
FoundationFoundation Slab On Grade
Exterior

Frame, Roof Metal, Foundation Slab On Grade

School Information
ElementaryBAY
MiddleEMERALD COAST
HighSOUTH WALTON
Additional Information
Days on Website20
ZoningResidential Single Family
HOA Fees0.00
Listing Details
Office30a Escapes Real Estate Sales
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2019, All rights reserved.

Listing information last updated on May 21st, 2019 at 10:15am CDT.

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