229 Grand Key Loop E Destin, FL 32541
Estimated payment $6,956/month
Total Views
3,173
6
Beds
3.5
Baths
2,600
Sq Ft
$452
Price per Sq Ft
Highlights
- Mediterranean Architecture
- No HOA
- Laundry Room
- Destin Elementary School Rated A-
- Community Pool
- Central Heating and Cooling System
About This Home
Amazing Deal! BACK ON THE MARKET -- NO FAULT OF THE SELLER. This exceptional FULLY FURNISHED 6-bedroom, 3.5-bathroom residence offers an incredible investment opportunity with an assumable mortgage at a remarkably low rate giving you a low monthly payment of $5,628. The buyer WILL need to cover the equity difference, but the seller is open to allowing a non-VA buyer to assume this wonderful rate. This home already generates between $100,000 and $120,000 annually while being self-managed, and with professional management, it is estimated to gross between $120,000 and $150,000 annually. Priced well below comparable properties, this investment offers the best price per square foot in the neighborhood, making it one of the best deals available. You’d be crazy not to run your numbers on this one… This stunning three-story home features a durable clay tile roof and concrete siding, giving you peace of mind for years to come. The first floor is wheelchair accessible and includes the kitchen, open living room and dining room, and primary bedroom and bath. The fully furnished home includes a fully equipped kitchen and ample linens, a wet bar on the second floor, and a ton of new furniture. Each bedroom and living area is equipped with a smart TV, integrating modern technology seamlessly into the living experience. Located in a prestigious gated community, residents enjoy a zero-entry heated lagoon pool, hot tub, and tiki hut right outside the front door. The community also offers a complimentary beach shuttle and is within walking distance to the beach, mall, shopping centers, restaurants, movie theaters, and Whole Foods grocery. Security is paramount, with round-the-clock gated community security providing peace of mind. Don’t miss the chance to own this luxurious property in Grand Key Loop, offering both a high-end lifestyle and a sound investment opportunity.
Last Listed By
Levin Rinke Realty Brokerage Email: calebdrake@levinrinkerealty.com Listed on: 07/23/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,657
Year Built
- Built in 2006
Lot Details
- 1,176 Sq Ft Lot
Home Design
- Mediterranean Architecture
- Slab Foundation
- Clay Roof
- Concrete Siding
Interior Spaces
- 2,600 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Insulated Doors
- Combination Kitchen and Dining Room
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
Schools
- Local School In County Elementary School
- Destin Middle School
- Local School In County High School
Utilities
- Central Heating and Cooling System
- Water Heater
Listing and Financial Details
- Assessor Parcel Number 002S22112500000570
Community Details
Overview
- No Home Owners Association
- Crystal Beach Subdivision
Recreation
- Community Pool
- Community Spa
Map
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Home Values in the Area
Average Home Value in this Area
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 | $8,657 | $786,115 | -- | -- |
| 2023 | $8,657 | $763,218 | $0 | $0 |
| 2022 | $8,467 | $740,988 | $0 | $0 |
| 2021 | $6,074 | $493,378 | $149,940 | $343,438 |
| 2020 | $5,644 | $441,058 | $142,800 | $298,258 |
| 2019 | $5,643 | $435,007 | $142,800 | $292,207 |
| 2018 | $5,694 | $433,666 | $0 | $0 |
| 2017 | $5,512 | $412,157 | $0 | $0 |
| 2016 | $5,362 | $403,107 | $0 | $0 |
| 2015 | $5,182 | $394,329 | $0 | $0 |
| 2014 | $4,721 | $352,046 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Pending | -- | -- | -- |
| 02/25/2025 02/25/25 | For Sale | $1,175,000 | 0.0% | $452 / Sq Ft |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 09/27/2024 09/27/24 | For Sale | $1,175,000 | 0.0% | $452 / Sq Ft |
| 07/30/2024 07/30/24 | Pending | -- | -- | -- |
| 07/24/2024 07/24/24 | For Sale | $1,175,000 | +115.6% | $452 / Sq Ft |
| 07/14/2019 07/14/19 | Off Market | $545,000 | -- | -- |
| 05/16/2018 05/16/18 | Sold | $545,000 | 0.0% | $210 / Sq Ft |
| 04/24/2018 04/24/18 | Pending | -- | -- | -- |
| 02/10/2018 02/10/18 | For Sale | $545,000 | +16.0% | $210 / Sq Ft |
| 06/30/2016 06/30/16 | Sold | $469,900 | 0.0% | $181 / Sq Ft |
| 05/30/2016 05/30/16 | Pending | -- | -- | -- |
| 04/08/2016 04/08/16 | For Sale | $469,900 | -- | $181 / Sq Ft |
Source: Pensacola Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $875,000 | Novas Title Company Llc | |
| Warranty Deed | $545,000 | Attorney | |
| Warranty Deed | $469,900 | -- | |
| Warranty Deed | $335,100 | Surety Land Title | |
| Warranty Deed | $800,000 | Dune Title Company Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $895,125 | VA | |
| Previous Owner | $436,000 | New Conventional | |
| Previous Owner | $680,000 | New Conventional | |
| Previous Owner | $720,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Destin, FL
Source: Pensacola Association of REALTORS®
MLS Number: 649520
APN: 00-2S-22-1125-0000-0570
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