Casa Margarita is a premier oceanfront estate featuring 10 bedrooms and 11.5 bathrooms, comfortably accommodating up to 22 guests. With rental income potential exceeding $800,000 and a rare, grandfathered license for 22 occupants, this property stands among the top-performing rental homes on the island.Perfectly positioned on the oceanfront, Casa Margarita offers breathtaking sunrise views over the Atlantic and an exceptional array of upscale amenities. Enjoy a private pool with attached kiddie pool, above-ground hot tub, expansive outdoor living space, and a private elevator servicing the main living levels.The home has been thoughtfully enhanced with newly renovated bathrooms and updated fixtures throughout, elevating both style and functionality. The gourmet double kitchen is designed for entertaining at scale, featuring two sets of Sub-Zero refrigerator/freezers, double appliances, and ample workspace for multiple chefs.The first living floor hosts six spacious king suites, each featuring private bathrooms, walk-in showers, TVs, ocean views, and direct porch access.The main living level is designed for gathering and entertaining, with generous seating, a large flat-screen TV, and seamless flow into the chef's kitchen. The oceanfront dining area and dual porches provide the perfect setting for meals, dolphin watching, or relaxing in the coastal breeze. This level also includes a billiards room and two additional king suites, each with private baths.A spiral staircase leads to the top level, where you'll find two more bedrooms--one with two queen beds and one king suite--along with an additional living area showcasing panoramic ocean views.With its distinctive themed rooms, strong repeat rental history, extensive upgrades, and unmatched capacity, Casa Margarita delivers an exceptional opportunity for both investment and coastal enjoyment.
Grazing Permits Forest Service: No
Grazing Permits Private: No
Grazing Permits Blm: No
Farm Credit Service Incl: No
Halfbaths: 1
Fullbaths: 11
Levels: 3 Stories, Multi-Story
Window Features: Storm Window(s), Window Treatments
Year Built: 1992
Floors: Ceramic Tile, Luxury Vinyl, Wood
Fencing: Fence - Metal Enclosed, Vinyl
Misc Ext: Patio, Front Porch
Pool Private: Yes
Pool Features: In Ground
Style: Traditional
Gar Pkg: 5 Car Garage
Garage: Yes
Door Features: Storm Door(s)
Interior Features: Ceiling - Smooth, High Ceilings, Elevator, Kitchen Island
Lot Size: 0.62
Lot Desc: .5 - 1 Acre, Ocean View
Lot Size Units: Acres
Acres: 0.62
Lot Sqft: 27007.2
Irrigation Water Rights: No
Mobile Home Remains: No
Spa Features: Hot Tub/Spa
Property Type: A
Stories: 3
Foundation: Raised
Exterior: Cement Siding
Roof: Architectural
Property Subtype: No
Building Area Units: Square Feet
Home Warranty: No
Habitable Residence: No
Beds: 10
Lease Renewal Option: No
Lease Considered: No
Lease Assignable: No
Sqft: 4910
Water Source: Public
Utilities: Dominion Energy, IOP W/S Comm
Heating: Yes
Heat: Electric, Forced Air
Water Sewer: Public Sewer
Cooling: Central Air
Cooling: Yes
Water Front Features: Beach Access, Beach Front
Waterfront: Yes
Courtesy of listing office AgentOwned Realty Preferred Group - 843-886-9993