NOT LISTED FOR SALE

Estimated Value: $2,572,216 - $3,367,000

9 Beds
9.5 Baths
5,310 Sq Ft
$544/Sq Ft Est. Value

Last Sold May 04, 2017

Last sale price $1,675,000 $315 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $16,999/month

14 Days on Market

Highlights

  • Heated In Ground Pool
  • 0.31 Acre Lot
  • Covered Patio or Porch
  • Van R. Butler Elementary School Rated A-
  • Mediterranean Architecture
  • Double Oven

About This Home

As of May 2017

GORGEOUS, VENETIAN PALACE...OVER $250,000+ GROSS RENTAL INCOME ON THE BOOKS FOR 2014! This incredible rental machine is located in the prestigious community of Frangista Beach. This home grossed over $185,000 in 2013 with a partial rental season. Featuring 9 bedrooms and 9.5 baths, over 5,300 sqft heated and cooled and 6,400 total sqft, his home has it all, with incredible private amenities including a large theatre room, stunning watermark pool with private tanning deck and spa like design as well as a luxurious outdoor kitchen area with stainless steel appliances, and grilling area/bar, perfect for entertaining. Interior features include a large open floorplan, with a superb kitchen featuring a stainless steel appliances, granite countertops, custom cabinets and ample counter space. The dining room features a gorgeous tray ceiling and recessed lighting as well as elegant furnishings with lots of space, perfect for family gatherings. The interior was professionally designed and decorated & conveys fully furnished, it features Pinterest style bunk rooms, and spacious second & third floor balconies. The home is located on a large, over sized lot (50X140), that is 40% larger than the average lot in Frangista Beach. Frangista Beach is a boutique style neighborhood, centrally located along the white sand beaches of Scenic Highway 98, central to beaches, shopping, dining and the great entertainment Destin provides. Make your appointment to see this beautiful beach escape today!

Last Agent to Sell the Property

Chelsea Taylor

Buy the Beach Real Estate LLC License #3108517 Listed on: 02/28/2017

Co-Listed By

Jan Scurto

Buy the Beach Real Estate LLC License #3191407

Last Buyer's Agent

ecn.rets.e25617

ecn.rets.RETS_OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $976

Year Built

  • Built in 2013

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 50x130
  • Property fronts a county road
  • Coastal Barrier Zone
  • Property is Fully Fenced
  • Privacy Fence
  • Interior Lot

Home Design

  • Mediterranean Architecture
  • Exterior Columns
  • Frame Construction
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 5,310 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Living Room
  • Dining Area
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

  • Van R Butler Elementary School
  • Destin Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Air Source Heat Pump
  • Cable TV Available

Community Details

  • Frangista Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32-2S-21-42040-00F-0050

Home Details

Home Type

Single Family

Est. Annual Taxes

$976

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Lot Size: 50x130
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: EBYB
  • Co List Office Phone: 850-865-0912
  • Subdivision Name: FRANGISTA BEACH
  • Directions: From the intersection of Holiday Road South and Scenic Hwy 98 - head East on Scenic Hwy 98 into Frangista Beach, take a left on Hollywood Street, home is on the left.
  • Architectural Style: Mediterranean
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2013
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Heat Pump Air To Air: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Double, Range Hood, Refrigerator, Smoke Detector, Washer
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Interior Amenities: Breakfast Bar, Fireplace
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Oven Double: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • Lot Features: Interior, Survey Available, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Tile/Slate, Slab, Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Columns, Fenced Lot-All, Fenced Privacy, Hot Tub, Patio Covered, Patio Open, Pool - Heated, Pool - In-Ground
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Interior: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Survey Available: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Columns: Yes
  • Exterior:BBQ PitGrill: Yes
  • ConstructionSiding:Roof TileSlate: Yes
  • Exterior:Fenced Lot-All: Yes

Utilities

  • Heating: Heat Pump Air To Air
  • Heating Yn: Yes
  • Utilities: Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 13503.6
  • Parcel #: 32-2S-21-42040-00F-0050
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres
  • Lot Features Coastal Barrier Zone: Yes

Tax Info

  • Tax Annual Amount: 975.59
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2017
Closed on
May 4, 2017
Sold by
Golf Beach Rentals Llc
Bought by
Magnuson Craig A and Magnuson Beverly B
Seller's Agent
Chelsea Taylor
Buy the Beach Real Estate LLC
Buyer's Agent
ecn.rets.e25617
ecn.rets.RETS_OFFICE
List Price
$1,675,000
Sold Price
$1,675,000
Current Estimated Value
$2,890,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,215,054
Avg. Annual Appreciation
6.74%
Original Mortgage
$1,175,000
Outstanding Balance
$961,947
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,928,107

Purchase Details

Listed on
May 24, 2014
Closed on
Oct 3, 2014
Sold by
Neptune 5 Llc
Bought by
Golf Beach Rentals Llc
Seller's Agent
Jonathan Spears
Compass
Buyer's Agent
Chelsea Taylor
Shahid & Godfrey Executive Rea
List Price
$1,505,000
Sold Price
$1,505,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.22%

Purchase Details

Closed on
Aug 17, 2012
Sold by
La3 Llc
Bought by
Neptune 5 Llc
Source: Public Records

Range of Values:

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Average Value
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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
Magnuson Craig A $1,675,000 Attorney
Golf Beach Rentals Llc $1,500,000 Attorney
Neptune 5 Llc $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magnuson Craig A $1,175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $1,505,000 -- --
05/04/2017 05/04/17 Sold $1,675,000 0.0% $315 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/28/2017 02/28/17 For Sale $1,675,000 +11.3% $315 / Sq Ft
10/03/2014 10/03/14 Sold $1,505,000 0.0% $283 / Sq Ft
09/06/2014 09/06/14 Pending -- -- --
05/24/2014 05/24/14 For Sale $1,505,000 -- $283 / 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 $16,473 $2,016,949 $577,500 $1,439,449
2023 $16,473 $1,459,686 $0 $0
2022 $14,533 $1,836,822 $488,400 $1,348,422
2021 $12,364 $1,350,012 $224,332 $1,125,680
2020 $10,948 $1,096,684 $205,235 $891,449
2019 $10,559 $1,063,213 $197,342 $865,871
2018 $9,981 $1,001,038 $0 $0
2017 $9,681 $976,790 $160,196 $816,594
2016 $9,540 $953,408 $0 $0
2015 $9,193 $904,411 $0 $0
2014 $7,950 $771,219 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 718635

Emerald Coast Association of REALTORS®

APN: 32-2S-21-42040-00F-0050