$6,750,000

One of the best lots in all of Mission Beach! Approximately 60 Feet of Frontage on Ocean Front Walk with unobstructed views of the Pacific Ocean. The property is known as Villa Azure and it is one of the most Iconic Luxury Homes on the Boardwalk!! Rebuilt in 2010 the 2,830 Square Foot 5 Bedroom/5 Bath Single Family Home includes a 2 car garage and 2 off street parking spaces. All of the doors facing the ocean are accordion style so they open up to the warm coastal breeze. A unique feature is the 3rd floor of this house. It offers a large Living Room, Partial Kitchen and a huge balcony that surrounds most of this 3rd level. There is an outdoor seating area and BBQ/Bar allowing your guests to entertain in privacy high above the Boardwalk with an almost 360 degree view. Excellent Opportunity to obtain a property needing some rehabilitation priced at a discount well below other nearby comparable sales. About a year ago the property experienced some water damage related to heavy rains. The Seller had a full forensic study completed to estimate the damage to get the property back to livable condition. This study is available to prospective buyers to review. Prior to the water damage the property was operated by Bluewater Vacation Rentals and averaged between $2,000 to $3,200/night depending on the season. Bluewater is a large Vacation Rental Company and this was one of their most popular Rentals. Current estimate is that once the property is back in previous condition the income should be around $550,000/year.