NOT LISTED FOR SALE

258 Kono Way Destin, FL 32541

Estimated Value: $882,000 - $1,270,000

6 Beds
3.5 Baths
2,600 Sq Ft
$414/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $605,000 $233 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,875/month

12 Days on Market

Highlights

  • Gated Community
  • Florida Architecture
  • Furnished
  • Destin Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Community Pool

About This Home

As of March 2020

Discover, ''Changes in Latitude'', a remarkable three-story rental machine with tasteful coastal decor located in the gated neighborhood of Villages of Crystal Beach. This six bedroom beach retreat is the ideal investment opportunity and grossed over $60,000 in 2019 with high owner usage during peak season. With minimal owner usage, this home is projected to gross over $71,000 in rental income. Tucked away at the end of the street, this ideal location offers privacy with lush green landscape on the west side of the home. The current owners have taken exceptional care of this home and had many updates done in 2017, including new interior and exterior paint, a new refrigerator and brand new furnishings, blinds and electronics throughout. The updates continued in 2018 and 2019 with a new dishwasher, new AC units on each floor, a new grill and new luxury vinyl plank flooring in the master bedroom. Additional features include stainless steel appliances, granite countertops, two separate living areas, a wet bar, two covered decks, crown molding and flat screen TV's and DVD players in each bedroom and the living area. This rental machine is a quick walk to the immaculate community pool and is just a few blocks away from the Gulf of Mexico. Villages of Crystal Beach is a gated community that features a one-of-a-kind lagoon style pool complete with a rock waterfall and a seasonal tram to take owners and guests to-and-from the nearby public beach access. Changes in Latitude is being offered entirely furnished and rental ready. Dimensions are approximate; buyer to verify.

Last Agent to Sell the Property

Sarah Timmons

Scenic Sotheby's International Realty License #3313388 Listed on: 01/17/2020

Scenic Sotheby's International Realty

Last Buyer's Agent

Elizabeth Belter

Compass License #3318524

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,418

Year Built

  • Built in 2006

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 24.5 x 46.18 x 25.03 x 45.8
  • Street terminates at a dead end

HOA Fees

  • $448 Monthly HOA Fees

Home Design

  • Florida Architecture
  • Exterior Columns

Interior Spaces

  • 2,600 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Living Room

Kitchen

  • Breakfast Bar
  • Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Deck

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-1125-0000-1090

Community Details

Overview

  • Association fees include ground keeping, security, trash
  • Villages Of Crystal Beach Subdivision
  • The community has rules related to covenants

Recreation

  • Community Pool

Additional Features

  • Picnic Area
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,418

Year Built

Built in 2006

Lot Details

0

HOA Fees

$448 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.03
  • Lot Size: 24.5 x 46.18 x 25.03 x 45.8
  • Road Surface Type: Paved
  • Subdivision Name: VILLAGES OF CRYSTAL BEACH
  • Directions: At the intersection of Highway 98 and Crystal Beach drive, turn onto Crystal Beach Drive and then take a left onto Regions Way; the gated entrance to VOCB will be on the right. Once inside the gates, turn left onto Village Way; take a right onto Grand Key Loop E and then a left onto Kono Way. The home is the last one on the left.
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2006
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dryer, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Breakfast Bar, Furnished - All, Owner's Closet, Washer/Dryer Hookup, Wet Bar
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Furnished - All: Yes
  • Interior:Wet Bar: Yes

Exterior Features

  • Lot Features: Covenants, Dead End, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Exterior Features: Columns, Deck Covered
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • Exterior:Deck Covered: Yes
  • Lot Features:Dead End: Yes
  • Exterior:Columns: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric

Condo/Co-op/Association

  • Community Features: Gated Community, Pets Allowed, Picnic Area, Pool, TV Cable
  • Association #2 Fee: 1343.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Security, Trash

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 1306.8
  • Parcel #: 00-2S-22-1125-0000-1090
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5417.62
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Feb 28, 2020
Sold by
Cochrane Michael A and Cochrane Rita C
Bought by
Doming Richard F and Doming Jamie S
Seller's Agent
Sarah Timmons
Scenic Sotheby's International Realty
Buyer's Agent
Elizabeth Belter
Compass
List Price
$605,000
Sold Price
$605,000
Current Estimated Value
$1,076,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,802
Avg. Annual Appreciation
12.38%
Original Mortgage
$484,000
Outstanding Balance
$430,370
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$727,583

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 23, 2016
Sold by
Newbury Reo 2013 Llc
Bought by
Cochrane Michael A and Cochrane Rita C
Seller's Agent
Janice Schaefer
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Sarah Timmons
Scenic Sotheby's International Realty
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$396,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2014
Sold by
Jpmorgan Chase Bank National Association
Bought by
Newbury Reo 2013 Llc

Purchase Details

Closed on
Feb 4, 2014
Sold by
Pope John C
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jan 25, 2007
Sold by
John C Pope Enterprises Inc
Bought by
Pope John C
Source: Public Records

Range of Values:

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Average Value
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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
Doming Richard F $605,000 Emerald Coast Title Svcs Llc
Cochrane Michael A $440,000 Attorney
Newbury Reo 2013 Llc $329,100 None Available
Jpmorgan Chase Bank National Association $29,100 None Available
Pope John C $604,700 Executive Title Of The Emera
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doming Richard F $484,000
Previous Owner Cochrane Michael A $396,000
Previous Owner Pope John C $650,000
Previous Owner Pope John C $118,000
Previous Owner John C Pope Enterprises Inc $627,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Off Market $605,000 -- --
03/02/2020 03/02/20 Sold $605,000 0.0% $233 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $605,000 +37.5% $233 / Sq Ft
12/23/2016 12/23/16 Sold $440,000 0.0% $169 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $440,000 -- $169 / 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 $8,883 $950,944 $299,600 $651,344
2023 $8,883 $916,788 $280,000 $636,788
2022 $7,722 $754,457 $225,000 $529,457
2021 $6,127 $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 $5,397 $410,528 $0 $0
2017 $5,229 $390,533 $0 $0
2016 $5,086 $381,907 $0 $0
2015 $4,959 $374,329 $0 $0
2014 $4,494 $335,086 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 838411

Emerald Coast Association of REALTORS®

APN: 00-2S-22-1125-0000-1090