199 Grand Key Loop E Destin, FL 32541
Estimated Value: $1,313,000 - $1,587,000
6
Beds
4
Baths
3,262
Sq Ft
$455/Sq Ft
Est. Value
Highlights
- Vaulted Ceiling
- Beach House
- Community Pool
- Destin Elementary School Rated A-
- Furnished
- Walk-In Pantry
About This Home
As of November 2021DREAM INVESTMENT OPPORTUNITY, Destin's premier short term rental community!!! Estimate over $150-160k+ for full time rental, Owner limits rental weeks to 20-25 weeks/year. . Even with limited rentals, ROI consistently incredible, exceeding $120k/year. Owner Blocked off upwards of 10+ weeks a year for personal use .LARGEST and NEWEST built (2016) 4-story, 6 bedroom/4 bath home in the Villages of Crystal Beach in pristine condition. Fully furnished, immaculate, truly turnkey property! 12 Beds-Sleeps 16. 1 owner-used as a 2nd home & top preforming, privately managed beach rental. Short-term rentals limited & carefully vetted to keep property in NEW condition. Professional and tastefully decorated in elegant Coastal style. Upgrades GALORE including: Custom Millwork (Trimmed Windows, Wainscoting, Board & Batten, Shiplap), Premium high-end Appliances, Light Fixtures. 4 owner lockout closets in property, with one accessible from the outside (only house in neighborhood with this). Brand new AC. Brand new wood flooring in bedrooms. Owner has on hand in lockout closets 1-2+ years of all new linens, covers, etc for easy replacement. All furnishings and decorations included. The Villages of Crystal Beach is gated community with phenomenal rentals, alavish lagoon style pool. The pool is the largest private pool in the entire Crystal Beach area, boasting waterfalls, landscaped rock island, hot tub, gazebo area, large bathrooms, and covered tables for eating. Neighborhood trolley to escort guests too and from the beach. NOT IN FLOOD ZONE. Perfect location in Destin with only a 5 minute leisurely walk to world famous beaches and .3 mile to huge outdoor shopping mall, including Whole Foods.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,625
Year Built
- Built in 2016
Lot Details
- 1,307 Sq Ft Lot
- Lot Dimensions are 25x46
- Property is zoned Deed Restrictions
HOA Fees
- $450 Monthly HOA Fees
Home Design
- Beach House
- Metal Roof
Interior Spaces
- 3,262 Sq Ft Home
- 4-Story Property
- Wet Bar
- Furnished
- Vaulted Ceiling
- Ceiling Fan
- Living Room
- Dryer
Kitchen
- Walk-In Pantry
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Garden Bath
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Balcony
Schools
- Destin Elementary And Middle School
- Fort Walton Beach High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-1125-0000-0430
Community Details
Overview
- Association fees include ground keeping, trash
- Villages Of Crystal Beach Subdivision
Recreation
- Community Pool
Security
- Building Fire Alarm
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2021
Closed on
Nov 12, 2021
Sold by
Hemg Gregg J and Hemg Jesica M
Bought by
Rsolution Mebane Llc
Seller's Agent
Doug Addeo
Community Realty Associates
Buyer's Agent
Laura Calhoun
Compass
List Price
$1,400,000
Sold Price
$1,400,000
Total Days on Market
2
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
$83,750
Avg. Annual Appreciation
0.70%
Original Mortgage
$1,035,000
Outstanding Balance
$960,265
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$474,159
Purchase Details
Closed on
Feb 19, 2016
Sold by
Southern American Home Llc
Bought by
Herning Gergg J and Herning Jessica M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 10, 2014
Sold by
Eibel Lllp
Bought by
Southern Amerlean Homes Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,641
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 26, 2013
Sold by
Mcdanel Robert M and Mcdanel Sally
Bought by
Eibel Lllp
Purchase Details
Closed on
Nov 25, 2008
Sold by
Lagniappe Development Llc
Bought by
Mcdaniel Robert M and Mcdaniel Sally
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
Similar Homes in Destin, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rsolution Mebane Llc | $1,400,000 | Bright Line Title Llc | |
| Herning Gergg J | $602,400 | Attorney | |
| Southern Amerlean Homes Llc | $111,700 | None Available | |
| Eibel Lllp | $110,000 | The Main Street Land Title C | |
| Mcdaniel Robert M | $105,000 | Dune Title Company Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rsolution Mebane Llc | $1,035,000 | |
| Previous Owner | Herning Gergg J | $417,000 | |
| Previous Owner | Southern Amerlean Homes Llc | $111,641 | |
| Previous Owner | Southern American Homes Llc | $299,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/16/2021 11/16/21 | Sold | $1,400,000 | 0.0% | $429 / Sq Ft |
| 09/30/2021 09/30/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | For Sale | $1,400,000 | -- | $429 / 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 | $13,386 | $1,224,040 | $299,600 | $924,440 |
| 2023 | $13,386 | $1,183,504 | $280,000 | $903,504 |
| 2022 | $11,692 | $970,249 | $225,000 | $745,249 |
| 2021 | $7,773 | $633,037 | $149,940 | $483,097 |
| 2020 | $6,625 | $519,484 | $142,800 | $376,684 |
| 2019 | $6,617 | $511,732 | $142,800 | $368,932 |
| 2018 | $6,500 | $496,446 | $0 | $0 |
| 2017 | $6,304 | $472,720 | $0 | $0 |
| 2016 | $1,502 | $106,000 | $0 | $0 |
| 2015 | $1,325 | $100,000 | $0 | $0 |
| 2014 | $1,137 | $84,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Addeo
Seller's Agent in 2021
Doug Addeo
Community Realty Associates
(561) 218-6558
1,302 Total Sales
-
Laura Calhoun
Buyer's Agent in 2021
Laura Calhoun
Compass
(850) 832-7620
21 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 882711
APN: 00-2S-22-1125-0000-0430
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