$885,000
SOLD FEB 24, 2025

200 Grand Key Loop W Destin, FL 32541

4 Beds
3.5 Baths
2,040 Sq Ft
1,133 Sq Ft Lot

Recently Sold

$434 Per Sq Ft

Highlights

  • Cottage
  • Tile Flooring
  • Combination Kitchen and Dining Room
  • Destin Elementary School Rated A-
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of February 2025

This beautifully furnished 4-bedroom, 3.5-bath home features 2 King Ensuites, a gourmet kitchen with new stainless steel appliances and granite counters, plus a bonus loft and custom-built bunk beds. It generated over $106,000 in 2023, with projections for even higher earnings in 2024. Located in a gated community, just steps from Destin Commons and two blocks from the beach, this property is perfect for multi-family vacations. Investors can also take advantage of BONUS depreciation and tax savings before year-end.

Last Agent to Sell the Property

Outside Area Selling Agent

PAR Outside Area Listing Office Listed on: 02/24/2025

Last Buyer's Agent

Kimberley Gibbons

Emerald Coast Realty Pros

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2012

HOA Fees

  • $1,665 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cottage
  • Slab Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,040 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Kitchen and Dining Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Local School In County Elementary And Middle School
  • Local School In County High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • Association fees include ground maintenance, trash

Listing and Financial Details

  • Assessor Parcel Number 002S22112500000410

Home Details

Home Type

Single Family

Year Built

Built in 2012

Lot Details

0

HOA Fees

$1,665 per month

Listing Details

  • Stories: 2
  • Parcel Number: 002S22112500000410
  • Property Type: Residential
  • Year Built: 2012
  • Electric: Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Subdivision Name: None
  • Directions: Scenic Hwy 98, turn North on Cobia to the corner of Luke and Cobia. Proceed to Gate entrance. Once in the gate take the first left, then another left. the Home is located on the curve on the left.
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Tile, Carpet
  • Living Area: 2040
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Kitchen/Dining Combo
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 14
  • Room Kitchen Features: Not Updated
  • Room Master Bedroom Area: 224

Exterior Features

  • Roof: Metal
  • Lot Features: Central Access
  • Pool Features: None
  • Construction Type: Frame
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 19980
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Trash

Schools

  • Elementary School: Local School In County
  • High School: Local School In County
  • Middle Or Junior School: Local School In County

Lot Info

  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2025
Closed on
Feb 21, 2025
Sold by
Huang Grace and Nguyen Khuong Due
Bought by
Jcs Realty Group Llc
Seller's Agent
Outside Area Selling Agent
PAR Outside Area Listing Office
Buyer's Agent
Kimberley Gibbons
Emerald Coast Realty Pros
List Price
$885,000
Sold Price
$885,000
Views
13
Current Estimated Value
$906,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,792
Avg. Annual Appreciation
2.80%
Original Mortgage
$708,000
Outstanding Balance
$701,961
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$204,831

Purchase Details

Closed on
Oct 27, 2021
Sold by
Bhade Hemant M and Bhade Sadhana H
Bought by
Huang Grace and Nguyen Khuong Duc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$751,416
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2013
Sold by
Tsek Investments Llc
Bought by
Bhade Hermant M and Bhade Sadhana H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,200
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2012
Sold by
Ark Real Estate Opportunity Fund I Llc
Bought by
Tsck Investments Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $885,000 None Listed On Document
Warranty Deed $840,000 Bright Line Title Llc
Warranty Deed $405,300 H & S Title & Escrow Inc
Warranty Deed $100,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $708,000 New Conventional
Previous Owner $751,416 New Conventional
Previous Owner $324,200 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2025 02/24/25 Sold $885,000 0.0% $434 / Sq Ft
02/24/2025 02/24/25 For Sale $885,000 -- $434 / Sq Ft
01/10/2025 01/10/25 Pending -- -- --
Source: Pensacola 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
2025 $9,359 $790,249 $308,588 $481,661
2024 $9,574 $877,773 $299,600 $578,173
2023 $9,574 $845,166 $280,000 $565,166
2022 $8,374 $694,879 $225,000 $469,879
2021 $5,605 $454,732 $149,940 $304,792
2020 $5,098 $407,459 $142,800 $264,659
2019 $5,100 $402,053 $142,800 $259,253
2018 $4,780 $372,268 $0 $0
2017 $4,625 $353,852 $0 $0
2016 $4,495 $346,039 $0 $0
2015 $4,422 $338,631 $0 $0
2014 $3,997 $298,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 659631

Pensacola Association of REALTORS®

APN: 00-2S-22-1125-0000-0410