NOT LISTED FOR SALE

16 Magnolia Dr Destin, FL 32541

Estimated Value: $3,013,000 - $3,555,000

8 Beds
7 Baths
3,906 Sq Ft
$808/Sq Ft Est. Value

Last Sold December 14, 2022

Last sale price $3,125,000 $800 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $18,712/month

9 Days on Market

Highlights

  • Docks
  • Beach
  • Boat Lift
  • Destin Elementary School Rated A-
  • Home fronts a seawall
  • Boat Slip

About This Home

As of December 2022

Rare opportunity to own this boater's dream located on the breathtaking Destin Harbor. Stunning water views can be taken in on each floor of this 3 story fully furnished and recently updated home. Featuring 4 deep-water boat slips, 2 of which can accommodate up to 50' vessels and an oversized cleaning table on the private dock for cleaning your day's catch. Lounge in the shade under the covered patio or lay in the sun by the brand new pool with hot tub. This home is made for entertaining and right off the pool you enter a a game room with full kitchen and renovated full bath. The first floor is complete with 3 guest bedrooms with ensuite baths. On the second floor is the open area living space with panoramic views of the beautiful water and has a large private balcony for relaxing or entertaining. The kitchen offers a 5 burner gas range, oversized refrigerator, double oven, and granite counter top with breakfast bar. A guest bedroom with triple tier queen bunks and ensuite bath complete the second floor. On the third floor there are 4 king suites with Jack and Jill bathrooms to accommodate plenty of guests. A beautiful circular drive way with pavers allows for plenty of parking. Located a short distance from the beautiful Osteen Beach, Harborwalk and Destin's best shopping & dining experiences.

Last Agent to Sell the Property

Destin Lowery

Home Town Realty Partners LLC License #681394 Listed on: 10/17/2022

Last Buyer's Agent

Jacob Eastland

Eastland Real Estate License #3315531

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,970

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 95x140x100x167
  • Home fronts a seawall
  • Property Fronts a Bay or Harbor
  • Partially Fenced Property
  • Sprinkler System

HOA Fees

  • $39 Monthly HOA Fees

Property Views

  • Gulf
  • Harbor

Home Design

  • Mediterranean Architecture
  • Newly Painted Property
  • Exterior Columns
  • Frame Construction
  • Metal Roof
  • Piling Construction
  • Stucco

Interior Spaces

  • 3,906 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Area
  • Recreation Room

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 7 Full Bathrooms
  • Cultured Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Converted Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Bulkhead
  • Boat Lift
  • Boat Slip
  • Docks
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Tankless Water Heater
  • Multiple Water Heaters
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-24-2186-000C-0080

Community Details

Overview

  • Association fees include master
  • Holiday Isle Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,970

Year Built

Built in 1998 | Remodeled

Lot Details

0

HOA Fees

$39 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.41
  • Lot Size: 95x140x100x167
  • Road Surface Type: Paved
  • Subdivision Name: HOLIDAY ISLE
  • Directions: Turn South on Gulf Shore Drive from Hwy 98. Take a right at first stop sign onto Moreno Point Road and a left on Magnolia Drive. Home is on the left.
  • Architectural Style: Mediterranean
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1998
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterfront:Harbor: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterview:Harbor2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Energy:Water Heater - Gas: Yes
  • Energy:Water Heater - Two: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Dryer, Ice Machine, Microwave, Oven Double, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Gas, Washer
  • Full Bathrooms: 7
  • Total Bedrooms: 8
  • Interior Amenities: Breakfast Bar, Converted Garage, Fireplace, Fireplace Gas, Floor Tile, Floor WW Carpet, Furnished - All, Guest Quarters, Lighting Recessed, Newly Painted, Renovated, Washer/Dryer Hookup, Wet Bar, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Newly Painted: Yes
  • Appliances:Security System: Yes
  • Interior:Fireplace Gas: Yes
  • Appliances:Oven Double: Yes
  • Interior:Wet Bar: Yes
  • Interior:Fireplace: Yes
  • Interior:Guest Quarters2: Yes

Exterior Features

  • Lot Features: Bulkhead/Seawall, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Harbor, Gulf
  • Waterfront Features: Harbor
  • Waterfront: Yes
  • Construction Type: Foundation On Piling, Frame, Roof Metal, Stucco
  • Exterior Features: Rain Gutter, Balcony, Boat Slip, Boatlift, Columns, Deck Open, Dock, Fenced Lot-Part, Hot Tub, Patio Covered, Pool - In-Ground, Renovated, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Fenced Lot-Part: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Lot Features:BulkheadSeawall: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Deck Open: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Columns: Yes
  • Exterior:Rain Gutter: Yes
  • Exterior:Boat Slip: Yes
  • Exterior:Boatlift: Yes
  • Exterior:Dock: Yes

Garage/Parking

  • Attached Garage: Yes
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Interior:Converted Garage: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach
  • Association #2 Fee: 473.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Master Association

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 17859.6
  • Parcel #: 00-2S-24-2186-000C-0080
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14970.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Dec 14, 2022
Sold by
16 Magnolia Llc
Bought by
Bos Breeze Llc
Seller's Agent
Destin Lowery
Home Town Realty Partners LLC
Buyer's Agent
Jacob Eastland
Eastland Real Estate
List Price
$3,425,000
Sold Price
$3,125,000
Premium/Discount to List
-$300,000
-8.76%
Views
16
Current Estimated Value
$3,157,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,063
Avg. Annual Appreciation
0.37%
Original Mortgage
$2,343,750
Outstanding Balance
$2,278,074
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$878,989

Purchase Details

Listed on
Jul 29, 2020
Closed on
Sep 24, 2020
Sold by
Castle Michael W and Castle Ashley B
Bought by
16 Magnolia Llc
Seller's Agent
Dawn Burt
Keller Williams Success Realty
Buyer's Agent
Jake Maurer
Jpb Commercial Real Estate Adv
List Price
$1,600,000
Sold Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.19%
Original Mortgage
$1,120,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2014
Closed on
Jun 3, 2014
Sold by
Duff Kirk A and Duff Teena
Bought by
Castle Michael W and Castle Ashley B
Seller's Agent
John Paul Somers
Somers & Company
Buyer's Agent
Hall Bohlinger
Berkshire Hathaway HomeServices
List Price
$1,175,000
Sold Price
$1,175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%

Purchase Details

Listed on
Mar 19, 2012
Closed on
Jul 20, 2012
Sold by
Pace Frederic D and Pace Leslie A
Bought by
Duff Kirk A and Duff Teena
Seller's Agent
John Paul Somers
Somers & Company
Buyer's Agent
Kendall Hood
Legendary Realty LLC
List Price
$865,000
Sold Price
$865,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.80%
Original Mortgage
$417,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
Pace Frederic D and Pace Leslie A
Bought by
Pace Frederic D and Pace Leslie A

Purchase Details

Closed on
Mar 16, 2004
Sold by
Okaloosa County
Bought by
Pace Frederic D
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
Bos Breeze Llc $3,125,000 --
16 Magnolia Llc $1,600,000 Emerald Coast Title Svcs Llc
Castle Michael W $1,175,000 Aqua Title
Duff Kirk A $865,000 Aqua Title
Pace Frederic D $216,700 None Available
Pace Frederic D -- Associated Land Title Group
Pace Frederic D -- Associated Land Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bos Breeze Llc $2,343,750
Previous Owner 16 Magnolia Llc $1,120,000
Previous Owner Duff Kirk A $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2023 04/30/23 Off Market $3,125,000 -- --
12/14/2022 12/14/22 Sold $3,125,000 -8.8% $800 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $3,425,000 +114.1% $877 / Sq Ft
07/19/2021 07/19/21 Off Market $1,600,000 -- --
09/25/2020 09/25/20 Sold $1,600,000 0.0% $453 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $1,600,000 +36.2% $453 / Sq Ft
06/03/2014 06/03/14 Sold $1,175,000 0.0% $333 / Sq Ft
04/29/2014 04/29/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $1,175,000 +35.8% $333 / Sq Ft
07/20/2012 07/20/12 Sold $865,000 0.0% $245 / Sq Ft
06/25/2012 06/25/12 Pending -- -- --
03/19/2012 03/19/12 For Sale $865,000 -- $245 / 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 $24,015 $2,058,979 $855,470 $1,203,509
2023 $24,015 $2,010,281 $855,470 $1,154,811
2022 $17,465 $1,528,944 $617,222 $911,722
2021 $15,121 $1,217,669 $465,161 $752,508
2020 $14,165 $1,132,137 $444,122 $688,015
2019 $14,167 $1,116,907 $444,122 $672,785
2018 $13,410 $1,044,353 $0 $0
2017 $13,401 $1,025,393 $0 $0
2016 $13,201 $1,016,286 $0 $0
2015 $12,375 $930,032 $0 $0
2014 $10,102 $773,626 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 910255

Emerald Coast Association of REALTORS®

APN: 00-2S-24-2186-000C-0080