NOT LISTED FOR SALE

271 Okeechobee Cove Destin, FL 32541

Estimated Value: $672,000 - $757,000

4 Beds
2.5 Baths
2,484 Sq Ft
$290/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $780,000 $314 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,239/month

61 Days on Market

Highlights

  • Contemporary Architecture
  • Newly Painted Property
  • Main Floor Primary Bedroom
  • Destin Elementary School Rated A-
  • Cathedral Ceiling
  • Great Room

About This Home

As of October 2023

From the moment you step inside, you'll be greeted by coastal chic elegance! This home is an individually crafted residence located minutes from the white sandy beaches of the Gulf of Mexico! The open concept design allows for a seamless flow between the living, dining, & kitchen area thus creating an inviting & comfortable atmosphere. This home features stunning 19ft ceilings, accessible pool with lanai, a spacious floor plan and abundant natural light. This 4 bedroom, 2 and a half bath home has over 2400 sq ft!
The community of Emerald Lakes offers tennis courts, a basketball court, community pool, playground/picnic area, with landscaped walkways and fishing lakes throughout the property. Emerald Lakes is located within minutes of Destin's favorite outlets and dining attractions.

Last Agent to Sell the Property

Jeremy Ramsey

Five Star Properties RE FL Inc License #3408634 Listed on: 07/10/2023

Last Buyer's Agent

Michael Savage

Destin Palms Vacations Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,546

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 78 x 167 x 65 x 128

HOA Fees

  • $115 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Newly Painted Property

Interior Spaces

  • 2,484 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Plantation Shutters
  • Great Room
  • Dining Room
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom

Schools

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

Utilities

  • Multiple cooling system units
  • Underground Utilities
  • Cable TV Available

Community Details

  • Emerald Lakes Ph 2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0980-000D-0030

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,546

Year Built

Built in 2001 | Remodeled

Lot Details

0

HOA Fees

$115 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • Lot Size: 78 x 167 x 65 x 128
  • Subdivision Name: EMERALD LAKES PH 2
  • Directions: From HWY 98, go through Emerald Lakes guard gate and continue on Tequesta Drive. Pass the pool area and turn right onto Okeechobee Cove. Home will be immediately on your left.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2001
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Rooms:Great Room: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Disposal, Microwave, Refrigerator W/IceMk, Stove/Oven Gas
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Ceiling Cathedral, Fireplace Gas, Floor Laminate, Kitchen Island, Newly Painted, Plantation Shutters, Renovated
  • Master Bedroom:First: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Ceiling Cathedral: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Plantation Shutters: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Pool Features: Pool Type
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes

Utilities

  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Association #2 Fee: 345.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Parcel #: 00-2S-22-0980-000D-0030
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Oct 18, 2023
Sold by
Chapman Darren Riley and Chapman Natalie Nicole
Bought by
Compton Bruce Keith and Compton Macy Mack
Seller's Agent
Jeremy Ramsey
Five Star Properties RE FL Inc
Buyer's Agent
Michael Savage
Destin Palms Vacations Inc
List Price
$824,900
Sold Price
$780,000
Premium/Discount to List
-$44,900
-5.44%
Views
108
Current Estimated Value
$721,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,611
Avg. Annual Appreciation
-3.85%
Original Mortgage
$539,000
Outstanding Balance
$528,401
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$192,988

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 1, 2019
Sold by
Barbara Parmel Llc
Bought by
Chapman Darren Riley and Burton Natalie Nicole
Seller's Agent
Karen Martineau
RE/MAX Coastal Properties
Buyer's Agent
Kathryn Bowman
Livin Right Real Estate LLC
List Price
$499,999
Sold Price
$499,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.06%
Original Mortgage
$399,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 17, 2018
Closed on
Aug 30, 2018
Sold by
Buchman Martin J and Buchman Lisa
Bought by
Barbara Parmel Llc
Seller's Agent
Ed Smith
RE/MAX Coastal Properties
Buyer's Agent
ecn.rets.e22703
ecn.rets.RETS_OFFICE
List Price
$303,000
Sold Price
$303,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
172.30%
Original Mortgage
$276,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2003
Sold by
Hyatt Richard E and Hyatt Sheila
Bought by
Buchman Martin J and Buchman Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2002
Sold by
Griffin Kenneth
Bought by
Hyatt Richard E

Purchase Details

Closed on
Oct 18, 2001
Sold by
Hyatt Richard E
Bought by
Griffin Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,214
Interest Rate
6.87%

Purchase Details

Closed on
Feb 15, 2000
Sold by
Eld Inc
Bought by
Robert Donovan Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,400
Interest Rate
8.17%
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
Compton Bruce Keith $780,000 Aqua Title Services
Chapman Darren Riley $500,000 Mcneese Title Llc
Barbara Parmel Llc $303,000 Attorney
Buchman Martin J $289,000 Southern Escrow & Title Llc
Hyatt Richard E -- --
Griffin Kenneth $125,800 --
Hyatt Richard E $125,800 --
Robert Donovan Construction Inc $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Compton Bruce Keith $539,000
Previous Owner Chapman Darren Riley $399,000
Previous Owner Barbara Parmel Llc $276,000
Previous Owner Buchman Martin J $231,200
Previous Owner Hyatt Richard E $201,214
Previous Owner Robert Donovan Construction Inc $222,400
Closed Buchman Martin J $43,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2023 10/20/23 Sold $780,000 -2.4% $314 / Sq Ft
09/09/2023 09/09/23 Pending -- -- --
09/03/2023 09/03/23 Price Changed $799,000 -3.1% $322 / Sq Ft
07/10/2023 07/10/23 For Sale $824,900 +65.0% $332 / Sq Ft
03/01/2019 03/01/19 Sold $499,999 0.0% $201 / Sq Ft View Prior Sale
01/25/2019 01/25/19 For Sale $499,999 +65.0% $201 / Sq Ft
12/27/2018 12/27/18 Pending -- -- --
08/30/2018 08/30/18 Sold $303,000 0.0% $122 / Sq Ft View Prior Sale
01/31/2018 01/31/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $303,000 -- $122 / 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 $3,546 $585,919 $84,133 $501,786
2023 $3,546 $370,705 $0 $0
2022 $3,466 $359,908 $0 $0
2021 $3,473 $349,425 $61,951 $287,474
2020 $3,765 $336,314 $59,001 $277,313
2019 $3,764 $331,100 $59,001 $272,099
2018 $2,784 $277,753 $0 $0
2017 $2,774 $272,040 $0 $0
2016 $2,699 $266,445 $0 $0
2015 $2,767 $264,593 $0 $0
2014 $2,805 $264,492 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 927314

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0980-000D-0030