NOT LISTED FOR SALE

Emerald Towers 1044 Highway 98 E Unit 1402 Destin, FL 32541

Estimated Value: $1,430,000 - $1,662,000

3 Beds
3.5 Baths
2,400 Sq Ft
$1,135/mo HOA Fee

Last Sold September 08, 2021

Last sale price $1,400,000 $583 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,800/month

21 Days on Market

Highlights

  • Beach Front
  • Beach
  • Bay View
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Gated Community

About This Home

As of September 2021

Panoramic gulf views from the floor-to-ceiling windows throughout this immaculate 14th floor penthouse. This spacious beachfront condo offers three king master suites, all with updated ensuite bathrooms. Each suite provides sweeping views of the Gulf or the Choctawhatchee Bay. The master bath features a walk-in closet, double vanity, seamless shower and a soaking tub. This is a great investment opportunity with gross rental income of +$139K YTD. Notable features include: 10' ceilings, two private balconies overlooking the Gulf, an attractive wet bar with mini-fridge and icemaker; stainless appliances including a Sub-Zero refrigerator.
Emerald Towers is a gated community and offers a heated pool, fitness center with sauna and steam room, tennis courts, a private boardwalk to the deeded beach, along with beach showers and poolside grills.
Copy & paste the link for more information: https://www.sugarpalmvacationrentals.com/Destin-Florida-Vacation-Rental/emeraldtowers142

Last Agent to Sell the Property

Bari Group

Berkshire Hathaway HomeServices Listed on: 07/30/2021

Last Buyer's Agent

Lynne Hand

Berkshire Hathaway Home Services Beach Properties of Florida License #3293530

Berkshire Hathaway Home Services Beach Properties of Florida

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,757

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • Beach Front
  • Property fronts gulf or ocean

HOA Fees

  • $1,135 Monthly HOA Fees

Property Views

Home Design

  • Mirrored Walls
  • Concrete Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • Furnished
  • Built-in Bookshelves
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Recessed Lighting
  • Plantation Shutters
  • Living Room
  • Dining Room
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Cooktop with Range Hood
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Dressing Area
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • Multiple cooling system units
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-1011-0000-1402

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, legal, licenses/permits, management, recreational faclty, security, water, cable TV, trash
  • Emerald Towers Condo Subdivision
  • 16-Story Property

Amenities

  • Sauna
  • Recreation Room
  • Elevator

Recreation

  • Beach

Security

  • Gated Community
  • Building Fire Alarm
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,757

Year Built

Built in 1984 | Remodeled

Lot Details

0

HOA Fees

$1,135 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: EMERALD TOWERS CONDO
  • Directions: Located on the south side of Highway 98, directly on the gulf, between Silver Beach Towers and Sundestin.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1984
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Washers: Yes
  • Waterview:Bay2: Yes
  • Waterfront:Unit Waterfront: Yes
  • Energy:AC - 2 or More: Yes
  • Waterfront:Shore - Beach: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Ice Machine, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Stove/Oven Gas, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Built-In Bookcases, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Floor Tile, Furnished - All, Lighting Recessed, Pantry, Plantation Shutters, Renovated, Walls Mirrored, Washer/Dryer Hookup, Window Treatment All
  • Stories: 16
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Ice Machine: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Plantation Shutters: Yes
  • Interior:Walls Mirrored: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf, Bay
  • Waterfront Features: Unit Waterfront, Gulf, Shore - Beach
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Utilities: Electric

Condo/Co-op/Association

  • Community Features: Beach, Community Room, Deed Access, Elevators, Exercise Room, Gated Community, Sauna/Steam Room, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 3404.83
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Legal, Licenses/Permits, Management, Recreational Faclty, Security, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-1011-0000-1402
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7757.38
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 8, 2021
Sold by
Caenen Properties Llc
Bought by
Fulton Stephen and Hatfield Heather
Seller's Agent
Bari Group
Berkshire Hathaway HomeServices
Buyer's Agent
Lynne Hand
Berkshire Hathaway Home Services Beach Properties of Florida
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,564,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,478
Avg. Annual Appreciation
2.35%

Purchase Details

Closed on
Apr 24, 2018
Sold by
Lawrence Lawrence M and Lawrence Paula L
Bought by
Caenen Properties Llc

Purchase Details

Listed on
Sep 30, 2016
Closed on
Jan 3, 2017
Sold by
Warner Darrel A and Warner Peggy K
Bought by
Burton Douglas Charles and Burton Karen M
Seller's Agent
John Paul Somers
Somers & Company
List Price
$735,000
Sold Price
$735,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Original Mortgage
$514,500
Interest Rate
4.03%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fulton Stephen $1,400,000 Advantage Title Inc
Caenen Properties Llc $486,000 Attorney
Burton Douglas Charles $735,000 Aqua Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burton Douglas Charles $514,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Off Market $1,400,000 -- --
09/08/2021 09/08/21 Sold $1,400,000 0.0% $583 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $1,400,000 +90.5% $583 / Sq Ft
01/03/2017 01/03/17 Sold $735,000 0.0% $306 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $735,000 -- $306 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $13,190 $1,135,000 -- $1,135,000
2023 $13,190 $1,135,000 $0 $1,135,000
2022 $11,810 $980,000 $0 $980,000
2021 $8,072 $650,000 $0 $650,000
2020 $7,757 $620,000 $0 $620,000
2019 $7,611 $600,000 $0 $600,000
2018 $7,634 $594,500 $0 $0
2017 $7,770 $594,500 $0 $0
2016 $9,651 $743,000 $0 $0
2015 $9,768 $743,000 $0 $0
2014 $8,905 $664,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 878299

Emerald Coast Association of REALTORS®

APN: 00-2S-22-1011-0000-1402