It's Sold! Case Study: Emerald Grande W226, 10 Harbor Blvd. Destin, FL

By
Real Estate Broker/Owner with Rulnick Realty, Inc.

It’s Wendy… It’s Sold!
Emerald Grande condo W226, 10 Harbor Blvd., Destin, Florida 32541

This Emerald Grande four bedroom condo in the corner stack had a tremendous view of Destin Harbor, the Choctawhatchee Bay, Crab Island, and the Gulf of Mexico.  Although the floor number is “2”, this condo was actually seven floors above ground level, so not too high, and not too low, offering a view that’s “just right”.  

Soothingly updated with new furnishings, and well maintained, this Emerald Grande unit garnered a lot of attention during the Destin, Florida selling season.  A few years ago, Emerald Grande did not generate many sales, but this year was different.

Sales Factors for Emerald Grande W226:

This Destin luxury condo was listed for $925,000.

The buyer offered full price.

Surprisingly, the seller offered to reduce the sales price in exchange for several weeks of future rental bookings, which he valued at $6000.

The buyer agreed, and the sales price was reduced to $919,000. (Find out more about how sales factors make a difference)

The Emerald Grande complex is difficult to finance. The buyer went to two lenders and settled on Renasant Bank. (Read about Emerald Grande financing challenges).

Next problem – the unit underappraised!  Since there had been no recent four bedroom condo sales in Emerald Grande, it appraised for $850,000.  That’s $70,000 under contract price.

The buyer chose to go forward with the purchase anyway, seeing the value, and the still rising market in Destin, Florida.

It’s SOLD! Emerald Grande W226 sold for $919,000.

Search all Emerald Grande condos for sale.

 


It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, lists and sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Okaloosa Island, Fort Walton Beach, Niceville, Freeport, Bluewater Bay, Navarre, Florida.

Parlo italiano.

Posted by

"It's Wendy... It's Sold!"

Wendy Rulnick, Broker/Owner Rulnick Realty, Inc.

Call Wendy Rulnick 1-850-259-0422

email itswendy@rulnickrealty.com

www.rulnickrealty.com property searches and community info

Wendy Rulnick helps real estate buyers and sellers on the Emerald Coast of Florida.

Rulnick Realty

 

Comments (11)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wendy, those views are fabulous, and congratulations on this wonderful sale!  May you have many more.

Oct 05, 2021 11:14 AM
Wendy Rulnick

Joan Cox Thank you! One cannot tire of those views!

Oct 05, 2021 12:26 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wendy,

What a fabulous condo you sold, and the views are lovely.  There's is no doubt your expertise is what made this deal happen.  Bravo, A

Oct 05, 2021 12:23 PM
Wendy Rulnick

Ron and Alexandra Seigel Thank you for your kind words!

Oct 05, 2021 12:27 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Congratulations, Wendy, on another successful transaction.

Take care and be safe.

Oct 05, 2021 12:48 PM
Wendy Rulnick

Roy Kelley Thank you, and happy Tuesday!

Oct 05, 2021 12:56 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Gorgeous water setting Wendy! Congrats on the successful transaction, here's to many more.

Oct 05, 2021 01:34 PM
Wendy Rulnick

Wanda Kubat-Nerdin - Wanda Can! Thank you so much!

Oct 05, 2021 03:45 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Sounds like this was a very involved sale Wendy but you rose to the challenge & made it work for both parties. Congratulations!

Oct 05, 2021 02:55 PM
Wendy Rulnick

Debe Maxwell, CRS It was, more than you know, LOL! Thank you!

Oct 05, 2021 03:45 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Congratulations on the sale Wendy Rulnick.  Sounds like quite an interesting escrow.  I liked the future rental agreement, you just never know what's going to work for both parties.

Oct 05, 2021 03:53 PM
Wendy Rulnick

Jim Patton Yeah, I had one once where the owner got to use the property each year for the next three years during certain times!  Thank you!

Oct 05, 2021 04:11 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Wendy Rulnick this condo has a gorgeous view.  Congratulations on this sale.

Oct 05, 2021 04:27 PM
Wendy Rulnick

Thank you much, George Souto!

Oct 05, 2021 07:32 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is quite a nice property and it sounds like it may have been used as a vacation rental, right?

Oct 06, 2021 05:32 AM
Wendy Rulnick

Brian England "You" would know! It is!

Oct 06, 2021 10:18 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Wendy - negotiations in real estate show us the power of knowing/understanding the local market.  I can see why this strategy could work in places like Destin Florida.   A good example.  

Oct 06, 2021 05:36 AM
Wendy Rulnick

Michael Jacobs Thank you for appreciating the details!

Oct 06, 2021 10:19 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Wendy , you are a rock star and this one looks like a great one to sell and get a commission on.  Good job my friend!

 

Oct 07, 2021 11:56 AM
Wendy Rulnick

Will Hamm I can tell you that I am happy that it is closed! Thank you, my friend, as well!!

Oct 07, 2021 03:41 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Wendy Rulnick - Condo views in your area are spectacular and never boring. Congratulations on another success story!

Oct 07, 2021 03:14 PM
Wendy Rulnick

Patricia Feager, MBA, CRS, GRI,MRP Thank you, my friend!

Oct 07, 2021 03:40 PM