NOT LISTED FOR SALE

164 Cove On the Bay Miramar Beach, FL 32550

Estimated Value: $1,322,000 - $1,607,000

3 Beds
3 Baths
2,310 Sq Ft
$624/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $844,000 $365 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $8,552/month

About This Home

Are you looking for a well positioned, bay-front home that is virtually maintenance free and move-in ready? Welcome to 164 Cove on The Bay, the premier location of this IMMACULATE 2,310 s/f residence! OUTRAGEOUS, PANARAMIC views of the Choctawhatchee Bay make for the perfect backdrop for this COMPLETELY RENOVATED bay-front home. This property is quite a rare find within the gates of Sandestin, as it is only one of 8 homes (with the exception of Burnt Pine) that sits on the Choctowatchee Bay. Enjoy unmatched views of osprey above and dolphins below on the bay. You won't have to worry about remodeling as this has been COMPLETELY RENOVATED and is BRAND NEW, inside and out, including a new roof with peel and stick secondary waterproof layer beneath shingles, new Jeld Wen impact resistant windows (which offer the highest wind rating), new garage door and motor installed with the highest wind rating and so much more! You will rest easy having the peace of mind that your waterfront home is completely built to resist a hurricane and nearly maintenance free. Superior construction, incomparable upgrades, finishes and appointments throughout this 3 bedroom, 2 1/2 bath home with a study and heated /cooled garage. Exterior has been freshly painted including all new hardy board with treated plywood, insulated foil board and moisture barrier underneath which makes makes this home incredibly strong and insulated. New landscaping with new sod and irrigation system from street to seawall, including brick paver path from back porch to seawall. In addition to the 3 bedrooms, there is a lovely study off the main living area that features raised and coffered ceiling with tongue and grove wooden ceiling and french doors for privacy. Enjoy breakfast or and evening cocktail from the Florida room, which hosts an outrageous view of the bay. 2 guest bedrooms upstairs, one boats a private and serene balcony with marine grade aluminum, custom railing. Brand new travertine floors in kitchen and living areas with new carpet in bedrooms. Beautiful vaulted ceiling in main living area is accented with tongue and groove wooden planks. Smooth ceilings throughout the rest of the home. Master suite is on the main level with a bath that includes a new whirlpool tub, extra large shower with new cabinets and granite counter tops with walk-in closet. The gourmet kitchen is designed with custom cabinetry, upscale appliances, granite countertops and many more features to delight the gourmet cook. Central HVAC unit was replaced in June 2010 and has a 10 year parts and labor warranty that is transferable to new owner. Any water enthusiast will appreciate the highly sought after deep water access, boat dock (with fresh water seal and protectant) with boat lift AND jet ski lift. Additional features include: new porcelain tile to front porch and tongue and grove wood ceiling with marine varnish underneath front and back porches, all new exterior and interior lighting fixtures, replaced all old TV coaxial with RG6 throughout entire house and in walls, additional insulation added to attic, fresh interior paint, all new crown molding and baseboards, freshly stained garage floor with granite flakes. Enjoy your private setting on the Choctawhatchee Bay and all that Sandestin has to offer - a 2400 acre resort with world class golf courses, tennis facilities, walking/biking trails, fishing, marina, Baytowne Village and shopping, dining and theaters at the Grand Boulevard. This home is truly resort living at its finest.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2015
Closed on
Jun 12, 2015
Sold by
Dowdle J Nutie
Bought by
Bub David and Bub Rebecca
Seller's Agent
Chris Cope
World Impact Real Estate
Buyer's Agent
Mary Skinner
Keller Williams Realty Destin
List Price
$844,000
Sold Price
$844,000
Current Estimated Value
$1,440,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$596,718
Avg. Annual Appreciation
5.29%
Original Mortgage
$633,000
Outstanding Balance
$487,990
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$952,728

Purchase Details

Closed on
Jan 1, 2015
Sold by
Dowdle John C
Bought by
Dowdle J Nutic

Purchase Details

Closed on
Feb 11, 2008
Sold by
Dowdle J Nutie
Bought by
Dowdle John C
Source: Public Records

Range of Values:

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ICE

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Average Value
Not Available
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
Bub David $844,000 Mcneese Title Llc
Dowdle J Nutic $1,000,100 None Available
Dowdle John C $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bub David $633,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2015 06/12/15 Sold $844,000 0.0% $365 / Sq Ft View Prior Sale
05/11/2015 05/11/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $844,000 -- $365 / Sq Ft

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 $8,112 $1,330,313 $325,000 $1,005,313
2023 $8,112 $838,777 $0 $0
2022 $7,638 $892,860 $230,063 $662,797
2021 $6,710 $693,205 $201,226 $491,979
2020 $6,568 $657,936 $184,097 $473,839
2019 $6,476 $652,148 $177,016 $475,132
2018 $6,363 $638,136 $0 $0
2017 $6,085 $635,469 $165,250 $470,219
2016 $5,377 $537,349 $0 $0
2015 $5,218 $525,753 $0 $0
2014 -- $438,488 $0 $0
Source: Public Records

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