K
Seller's Agent in 2023
Kenneth Frizzell
Keller Williams Realty Destin
(615) 390-6932
5 in this area
5 Total Sales
Emerald Towers 1044 Highway 98 E Unit 1403 Destin, FL 32541
Estimated Value: $1,590,000 - $2,531,000
3
Beds
3.5
Baths
3,100
Sq Ft
4
Acres Lot
Highlights
- Beach Front
- Beach
- Fitness Center
- Destin Elementary School Rated A-
- Deeded access to the beach
- Heated In Ground Pool
About This Home
As of June 2023Emerald Towers is a gated Coastal condominium complex located in the heart of Destin.
Upon entering this luxurious beachfront penthouse, you see the spectacular views of the white sand beach and the emerald water of the Gulf of Mexico.
The open concept design with 10' ceilings, floor to ceiling windows with UV rated glass and remote-controlled power shades. The coffered ceilings throughout the residence are exquisite!
This penthouse has 3 bedrooms, 3 1⁄2 bathrooms, expansive living area, large dining room and a sunroom with wet bar.
From the living area and sunroom there is access to the large corner balcony with panoramic views.
Emerald Towers is one of the closest properties to the beach in Destin. Your 200' of beach frontage is only 200' from the pool to the ocean!
More. . . The 23 ft x 15 ft master suite has its own covered balcony. The master bath has dual vanities, a jetted tub, large steam shower, sauna and 2 walk-in closets
The beautiful kitchen features high-end LG stainless steel appliances including a GE Cafe induction cooktop and quartz countertops.
The laundry
room is equipped with a Maytag washer and dryer and has double row shelving.
In the hallway there is a walk-in storage closet.
Property amenities include, fitness center, sauna, steam shower, heated pool, tennis and pickleball courts, private deeded beach frontage and on-site security.
Last year the building had a total restoration including concrete repair, all new walkways and balcony surfaces, hand railings and paint.
Sold turn key and fully furnished (see items that do not convey in documents).
Rental projection of $155-$185,000 per year as a 3 bedroom.
Rental projection of $180-$220,000 per year as a 4 bedroom if the sunroom is converted to a bedroom by adding a wall with a door and a closet.
Last Agent to Sell the Property
Keller Williams Realty Destin License #3545867 Listed on: 04/08/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $12,492
Year Built
- Built in 1983 | Remodeled
Lot Details
- Property is Fully Fenced
HOA Fees
- $1,681 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Mirrored Walls
- Stucco Exterior Insulation and Finish Systems
- Floor Insulation
- Flat Roof with Façade front
- Pitched Roof
- Membrane Roofing
- Concrete Siding
Interior Spaces
- 3,100 Sq Ft Home
- Wet Bar
- Furnished
- Shelving
- Woodwork
- Crown Molding
- Coffered Ceiling
- Tray Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Tinted Windows
- Plantation Shutters
- Insulated Doors
- Living Room
- Dining Area
- Sun or Florida Room
- Storage Room
- Sauna
Kitchen
- Breakfast Bar
- Double Self-Cleaning Oven
- Electric Oven or Range
- Induction Cooktop
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Painted or Stained Flooring
- Tile
- Terrazzo
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
- Dressing Area
- Dual Vanity Sinks in Primary Bathroom
- Shower Only in Primary Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Eco-Friendly Details
- Energy-Efficient Doors
Pool
- Heated In Ground Pool
- Outdoor Shower
Outdoor Features
- Deeded access to the beach
- Balcony
- Built-In Barbecue
Schools
- Destin Elementary And Middle School
- Destin High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Two Heating Systems
- Air Source Heat Pump
- Underground Utilities
- Multiple Water Heaters
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-1011-0000-1403
Community Details
Overview
- Association fees include accounting, advertising, ground keeping, internet service, land recreation, management, master, recreational faclty, security, sewer, water, cable TV, trash
- 83 Buildings
- 83 Units
- Emerald Towers Condominium Subdivision
- 15-Story Property
Amenities
- Community Barbecue Grill
- Picnic Area
- Sauna
- Elevator
Recreation
- Beach
- Tennis Courts
- Exercise Course
- Fishing
Pet Policy
- Pets Allowed
Security
- Gated Community
- Building Fire Alarm
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2023
Closed on
Jun 15, 2023
Sold by
Frizzell Kenneth L and Frizzell Doris C
Bought by
Lott Terence D and Lott Jennifer O
Seller's Agent
Kenneth Frizzell
Keller Williams Realty Destin
Buyer's Agent
Andy & Christina Meinen
Scenic Sotheby's International Realty
List Price
$2,795,000
Sold Price
$2,500,000
Premium/Discount to List
-$295,000
-10.55%
Views
187
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$375,304
Avg. Annual Appreciation
-5.57%
Original Mortgage
$1,875,000
Outstanding Balance
$1,775,433
Interest Rate
8.5%
Mortgage Type
New Conventional
Estimated Equity
$349,263
Purchase Details
Closed on
Jun 12, 2017
Sold by
Emerald Towers Destin Llc
Bought by
Frizzell Kenneth L and Frizzell Doris C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
4.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 1, 2007
Sold by
Fulford James Ray
Bought by
Emerald Towers Destin Llc
Purchase Details
Closed on
Jan 13, 2003
Sold by
Allen James C and Allen Linda S
Bought by
Fulford James Ray
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lott Terence D | $2,500,000 | Scenic Title | |
| Lott Terence D | $2,500,000 | Scenic Title | |
| Frizzell Kenneth L | $795,000 | Attorney | |
| Emerald Towers Destin Llc | -- | None Available | |
| Fulford James Ray | $975,000 | Southern Escrow & Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lott Terence D | $1,875,000 | |
| Closed | Lott Terence D | $1,875,000 | |
| Previous Owner | Frizzell Kenneth L | $242,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/15/2023 06/15/23 | Sold | $2,500,000 | -2.9% | $806 / Sq Ft |
| 05/31/2023 05/31/23 | Pending | -- | -- | -- |
| 05/12/2023 05/12/23 | Price Changed | $2,575,000 | +1.0% | $831 / Sq Ft |
| 05/12/2023 05/12/23 | Price Changed | $2,549,000 | -1.0% | $822 / Sq Ft |
| 05/09/2023 05/09/23 | Price Changed | $2,575,000 | -2.8% | $831 / Sq Ft |
| 04/22/2023 04/22/23 | Price Changed | $2,650,000 | -5.0% | $855 / Sq Ft |
| 04/18/2023 04/18/23 | Price Changed | $2,790,000 | -0.2% | $900 / Sq Ft |
| 04/08/2023 04/08/23 | For Sale | $2,795,000 | -- | $902 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $21,389 | $1,806,000 | -- | $1,806,000 |
| 2024 | $12,767 | $1,956,500 | -- | $1,956,500 |
| 2023 | $12,767 | $1,107,250 | $0 | $0 |
| 2022 | $12,492 | $1,075,000 | $0 | $1,075,000 |
| 2021 | $9,252 | $745,000 | $0 | $745,000 |
| 2020 | $8,946 | $715,000 | $0 | $715,000 |
| 2019 | $8,752 | $690,000 | $0 | $690,000 |
| 2018 | $8,796 | $685,000 | $0 | $0 |
| 2017 | $8,952 | $685,000 | $0 | $0 |
| 2016 | $11,119 | $856,000 | $0 | $0 |
| 2015 | $11,253 | $856,000 | $0 | $0 |
| 2014 | $10,259 | $765,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kenneth Frizzell
-
Andy & Christina Meinen
A
Buyer's Agent in 2023
Andy & Christina Meinen
Scenic Sotheby's International Realty
(850) 419-4777
12 in this area
120 Total Sales
About Emerald Towers
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 920664
APN: 00-2S-22-1011-0000-1403
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