NOT LISTED FOR SALE

Jade East Towers 1018 Highway 98 E Unit 530 Destin, FL 32541

Destin Area

Estimated Value: $817,351

2 Beds
2 Baths
1,317 Sq Ft
1996 Built

Sale Details

Date Sold: August 30, 2022

Last sale price $935,000 $710 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $5,243 / mo

25 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • 24-Hour Security
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • In Ground Pool

About This Home

As of August 2022

Welcome to Jade East Tower unit 530! This turnkey, two-bedroom condo is located on the sugar white sands in Destin, in the middle of all the action. This unit is a rental machine, projected to produce $80 - $85K in gross income. Inside, stunning views of the Gulf of Mexico can be taken in from the floor to ceiling windows in the living area or enjoy the panoramic vista from the unique ''V'' shaped windows from the gulf facing, primary bedroom. The current owners have kept the unit in fantastic shape; new AC and Hot Water Heater installed in 2021, along with a list of other updates. Both primary and guest bathrooms have been updated and granite countertops installed in the kitchen. This unit has it all: the views, prime location, comes turnkey, and in a great building.Book your showing toda Jade East Towers is located in the heart of Destin, near several award-winning restaurants, highly regarded golf courses, and abundant shopping options, all a few minutes from the condo. The amenities at Jade East are top-notch, including a full tennis court, fitness facilities, new grilling areas, and free wireless internet access. The boardwalk to the beach is smooth to walk on with bare feet and can't forget the fantastic pool with a rock waterfall and hot tub, on the south-side of the building.

Last Agent to Sell the Property

Eric Leitten

Real Broker LLC Listed on: 07/13/2022

Real Broker LLC

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1996

Home Design

  • Metal Roof
  • Stucco

Kitchen

  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Gated Parking
  • Additional Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach

Additional Features

  • Washer and Dryer Hookup
  • Property fronts gulf or ocean
  • Heating Available

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Elevator

Recreation

  • Beach

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1996

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Accessibility Features: Accessibility Features
  • Year Built: 1996
  • Property Sub Type: Condominium
  • Lot Size: CONDO
  • Subdivision Name: [No Recorded Subdiv]
  • Architectural Style: High Rise
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Range
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Bedroom, Kitchen, Laundry, Primary Bedroom

Exterior Features

  • Pool Features: In Ground, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Barbecue, Outdoor Shower
  • Patio And Porch Features: Balcony
  • Roof: Metal

Garage/Parking

  • Parking Features: Additional Parking, Gated
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Available, Phone Connected
  • Security Features: 24 Hour Security, Security Service
  • Heating: Electric
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Green Building Features: Dumpster
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Beach, Elevator, Fitness Center, Gated, Barbecue, Short Term Rental Allowed
  • Amenities: Other, See Remarks, Beach Rights, Gated, Gazebo, Barbecue, Picnic Area
  • Association: Yes

Lot Info

  • Lot Features: Sprinkler System
  • Mobile Dim Units: Feet

Multi Family

  • Number Of Units Furnished: All Units

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Aug 30, 2022
Sold by
Bao and Cindy
Bought by
Seller's Agent
Eric Leitten
Real Broker LLC
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$970,000
Sold Price
$935,000
Premium/Discount to List
-$35,000
-3.61%
Current Estimated Value
$817,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,649
Avg. Annual Appreciation
-3.27%

Purchase Details

Closed on
Dec 31, 2018
Sold by
Linne Scott L and Linne Sharon L
Bought by
Bao Chau and Bao Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 1, 2011
Sold by
Drennen Carter
Bought by
Linne Scott L and Linne Sharon L

Purchase Details

Closed on
Aug 31, 2009
Sold by
Drennen Charlotte
Bought by
Drennen Carter

Purchase Details

Closed on
Nov 5, 2004
Sold by
Drennen Carter M
Bought by
Drennen Charlotte
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$935,000 Aqua Title Services
Bao Chau $510,000 Mti Title Ins Agency Inc
Linne Scott L $405,000 Mcneese Title Llc
Drennen Carter -- Attorney
Drennen Charlotte -- Mcneese Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $369,000
Previous Owner Bao Chau $382,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/28/2022 11/28/22 Off Market $935,000 -- --
08/30/2022 08/30/22 Sold $935,000 -3.6% $710 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $970,000 -- $737 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,543 $636,902 $636,902
2024 $8,900 $745,000 $745,000
2023 $8,900 $745,000 $0 $745,000
2022 $6,209 $545,000 $0 $545,000
2021 $5,526 $445,000 $0 $445,000
2020 $5,568 $445,000 $0 $445,000
2019 $5,327 $420,000 $0 $420,000
2018 $5,393 $420,000 $0 $0
2017 $5,182 $396,500 $0 $0
2016 $5,053 $389,000 $0 $0
2015 $4,862 $367,000 $0 $0
2014 $4,667 $348,000 $0 $0
Source: Public Records

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 729412

Central Panhandle Association of REALTORS®

APN: 00-2S-22-1313-0000-0530

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