$1,400,000
SOLD DEC 19, 2024
4 Beds
4.5 Baths
3,365 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$416 Per Sq Ft

38% Below List Price

195 Days on Market

Highlights

  • Heated In Ground Pool
  • Mediterranean Architecture
  • Great Room
  • Bay Elementary School Rated A-
  • Furnished
  • Beamed Ceilings

About This Home

As of December 2024

CHECK OUT THIS SIGNIFICANT PRICE IMPROVEMENT! Seller wants to sell and close by year end!
LOCATION! Wow! Blue Mtn. Beach with Emerald Green Water and Sugar White Sand steps from front door 3 story, 4 ensuite bedroom beach house with private pool and spa. Ideal floorplan sleeps 16, includes bunk room which sleeps 8. Two master suites with sizeable 2nd and 3rd story front porches offering gulf views, gas fireplaces, and beautiful adjoining bath suites that were completely renovated in 2020. Gourmet kitchen, Wolf appliances. Dining areas accommodate 14 guests.. Bricked Pool deck is perfect for grilling and entertaining guests and family as well.
Great Income History with owner use.
OWNER SAYS SELL!

Last Agent to Sell the Property

Beverly Langley

Berkshire Hathaway HomeServices PenFed Realty License #3268586 Listed on: 11/30/2024

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Beverly Langley

Berkshire Hathaway HomeServices PenFed Realty License #3268586 Listed on: 11/30/2024

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,999

Year Built

  • Built in 2005

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 46x133x46x133
  • Back Yard Fenced
  • Property is zoned Deed Restrictions, Resid Single Family

HOA Fees

  • $500 Monthly HOA Fees

Home Design

  • Mediterranean Architecture
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 3,365 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Crown Molding
  • Beamed Ceilings
  • Coffered Ceiling
  • Tray Ceiling
  • Gas Fireplace
  • Great Room

Kitchen

  • Breakfast Bar
  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Dressing Area
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Open Patio

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Air
  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include accounting, ground keeping
  • Palmeira Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12-3S-20-34800-000-0070

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,999

Year Built

Built in 2005

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Lot Size: 46X133X46X133
  • Subdivision Name: Palmeira
  • Directions: Highway 98 traveling East from Destin, right onto Cty Hwy 83 S toward Blue Mtn Beach. At intersection of 83 and 30A, cross 30a, Creamery will be on left, Palmeira Villas on your right.
  • Architectural Style: Mediterranean
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2005
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Ceiling Beamed, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Fireplace 2+, Fireplace Gas, Furnished - All, Owner's Closet, Washer/Dryer Hookup
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Roof Tile/Slate, Stucco
  • Exterior Features: Balcony, Fenced Back Yard, Fenced Lot-Part, Fireplace, Patio Open, Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Shower
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Stucco: Yes
  • ConstructionSiding:Roof TileSlate: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Association #2 Fee: 3000.0
  • Association Fee Frequency: Semi-Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 12-3S-20-34800-000-0070
  • Zoning: Deed Restrictions, Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13998.93
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2024
Closed on
Dec 19, 2024
Sold by
Wilson Brendon and Lesley Pierce
Bought by
Motorsports Properties Llc
Seller's Agent
Beverly Langley
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Beverly Langley
Berkshire Hathaway HomeServices PenFed Realty
List Price
$2,250,000
Sold Price
$1,400,000
Premium/Discount to List
-$850,000
-37.78%
Total Days on Market
195
Views
2
Current Estimated Value
$1,744,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,455
Avg. Annual Appreciation
61.32%
Original Mortgage
$1,050,000
Outstanding Balance
$1,041,649
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$702,806

Purchase Details

Closed on
Jun 19, 2020
Sold by
Dt Parker Investments Llc
Bought by
Wilson Brendon and Wilson Lesley Pierce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$889,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2016
Sold by
Curry Jeffrey W
Bought by
Dt Parker Investments Llc

Purchase Details

Closed on
Apr 15, 2005
Sold by
Ocean Development Llc
Bought by
Curry Jeffrey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 18, 2003
Sold by
T2 Development Inc
Bought by
Ocean Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.42%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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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 $1,400,000 Customers First Title
Warranty Deed $1,400,000 Customers First Title
Warranty Deed $1,270,000 Customers First Title Co
Warranty Deed $830,000 Attorney
Warranty Deed $1,540,000 Neighborhood Title Group
Corporate Deed $340,000 Southern Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Closed $1,050,000 New Conventional
Previous Owner $889,000 New Conventional
Previous Owner $1,155,000 Fannie Mae Freddie Mac
Previous Owner $272,000 Balloon
Closed $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $1,400,000 -11.7% $416 / Sq Ft
11/30/2024 11/30/24 Price Changed $1,585,000 -20.2% $471 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
09/28/2024 09/28/24 Price Changed $1,985,000 -11.8% $590 / Sq Ft
04/26/2024 04/26/24 For Sale $2,250,000 -- $669 / 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 $13,999 $1,896,986 $615,000 $1,281,986
2023 $13,999 $1,213,958 $0 $0
2022 $12,920 $1,717,588 $566,100 $1,151,488
2021 $9,711 $1,003,271 $225,952 $777,319
2020 $8,668 $868,308 $206,717 $661,591
2019 $8,297 $856,455 $200,696 $655,759
2018 $7,887 $840,491 $0 $0
2017 $6,668 $672,722 $189,176 $483,546
2016 $6,512 $664,799 $0 $0
2015 $5,873 $577,823 $0 $0
2014 $5,573 $540,571 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 948368

Emerald Coast Association of REALTORS®

APN: 12-3S-20-34800-000-0070