Seller's Agent in 2022
Destin Lowery
Home Town Realty Partners LLC
(850) 225-5009
5 in this area
25 Total Sales
16 Magnolia Dr Destin, FL 32541
5
Beds
4
Baths
3,529
Sq Ft
0.41
Acres
Highlights
- Docks
- Home fronts a seawall
- Boat Slip
- Destin Elementary School Rated A-
- Boat Lift
- Gulf View
About This Home
As of December 2022(4) DEEP-WATER BOAT SLIPS! PRICE REDUCED ON 5/21/2012! Enjoy the magnificent waterfront lifestyle of Destin's scenic harbor! Welcome to Nautico, an exciting opportunity to own a private waterfront compound on Holiday Isle. Situated on the closest, harbor-front lot to the Gulf of Mexico, this property is perfect for a family's exclusive waterfront playground or an impressive corporate retreat! There are four, deep-water boat slips that certainly could generate rental income for the new owner. All slips feature power and water, and are capable of accommodating 40'+ boats. Two of the slips include lifts with a 28,000 lb capacity. The home consists of 5 bedrooms, 4 baths, a separate lock-out apartment, perfect for a visiting boat captain, pilot, or extended family, and large, balcony's on two floors with vista across the gorgeous harbor! The entire property is surrounded by lush, tropical landscaping and is fenced and gated with an automatic opener for maximum privacy and security. The owner's adjacent home is also available for sale, 8 Moreno Point Rd. (MLS#562146), which assembled with the subject property creates a significant waterfront compound, totaling 7,200 sf, 8 bedrooms, 7.5 baths, another boat slip (TOTALING (5) SLIPS) accommodating up to an 80' yacht, and nearly 1-acre on the harbor at a list price of $2,350,000. Please inquire for further details. The seller may entertain a leaseback for a period of up to (12) months involving the simultaneous sale of both properties.
Last Agent to Sell the Property
Somers & Company License #3210089 Listed on: 03/19/2012
Last Buyer's Agent
Kendall Hood
Legendary Realty LLC
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,015
Year Built
- Built in 1998
Lot Details
- 0.41 Acre Lot
- Lot Dimensions are 95x140x100x167
- Home fronts a seawall
- Property Fronts a Bay or Harbor
- Property fronts a bayou
- Home fronts a canal
- Property is Fully Fenced
- Sprinkler System
- Lawn Pump
HOA Fees
- $22 Monthly HOA Fees
Parking
- 2 Car Garage
- Guest Parking
Property Views
- Gulf
- Harbor
- Bayou
- Canal
Home Design
- Beach House
Interior Spaces
- 3,529 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Double Pane Windows
- Sitting Room
- Living Room
- Dining Area
Bedrooms and Bathrooms
- 5 Bedrooms
- Maid or Guest Quarters
- In-Law or Guest Suite
- 4 Full Bathrooms
Outdoor Features
- Bulkhead
- Boat Lift
- Boat Slip
- Docks
- Balcony
- Covered Patio or Porch
Additional Homes
- Dwelling with Separate Living Area
Schools
- Destin Elementary And Middle School
- Fort Walton Beach High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Two Heating Systems
- Electric Water Heater
- Phone Available
- Cable TV Available
Community Details
- Holiday Isle Subdivision
Listing and Financial Details
- Assessor Parcel Number 00-2S-24-2186-000C-0080
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
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,125,000 | -- | |
| Warranty Deed | $1,600,000 | Emerald Coast Title Svcs Llc | |
| Warranty Deed | $1,175,000 | Aqua Title | |
| Warranty Deed | $865,000 | Aqua Title | |
| Warranty Deed | $216,700 | None Available | |
| Quit Claim Deed | -- | Associated Land Title Group | |
| Quit Claim Deed | -- | Associated Land Title Group |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,343,750 | New Conventional | |
| Previous Owner | $1,120,000 | New Conventional | |
| Previous Owner | $417,000 | Purchase Money Mortgage |
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
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
-
Destin Lowery
-
Jacob Eastland
Buyer's Agent in 2022
Jacob Eastland
Eastland Real Estate
(850) 246-8653
17 in this area
81 Total Sales
-
Dawn Burt
Seller's Agent in 2020
Dawn Burt
Keller Williams Success Realty
(850) 684-4284
6 in this area
462 Total Sales
-
J
Buyer's Agent in 2020
Jake Maurer
Jpb Commercial Real Estate Adv
-
John Paul Somers
Seller's Agent in 2014
John Paul Somers
Somers & Company
(850) 654-7777
86 in this area
291 Total Sales
-
Rachael Earley
Seller Co-Listing Agent in 2014
Rachael Earley
Somers & Company
(850) 225-6478
68 in this area
251 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 573909
APN: 00-2S-24-2186-000C-0080
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