NOT LISTED FOR SALE

Estimated Value: $1,038,015 - $1,271,000

3 Beds
2 Baths
1,225 Sq Ft
$908/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $1,095,000 $894 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,560/month

12 Days on Market

Highlights

  • Beach
  • Primary Bedroom Suite
  • Wood Flooring
  • Dune Lakes Elementary School Rated A-
  • Beach House
  • Great Room

About This Home

As of August 2022

'CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS' Don't miss out on your opportunity to own this beautiful and well planned beach cottage! Magnolia Cottages neighborhood with deeded beach access, and a heated community pool. Home has a new washer, new HVAC installed June 2021 with 5 year warranty. A 5 minute walk to the white sandy beaches of 30a and short bike ride to Alys Beach, Rosemary Beach and The Hub with restaurants and shops. Great investment opportunity or second home. Strong vacation rental history with $65,000 projected income 2022. OWNER IS A LICENSED REAL ESTATE AGENT. Upgrades Include:
Brand New Refrigerator
New HVAC June 2021
New Hot Water Heater October 2021
New Washer June 2020
New LVP Flooring
New Outdoor sectional
New Dining Room set
Nest Thermostat

Last Agent to Sell the Property

Kathy Bass

Avenue Realty License #3228304 Listed on: 06/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,029

Year Built

  • Built in 2005

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 45x90
  • Property fronts a private road

HOA Fees

  • $199 Monthly HOA Fees

Home Design

  • Beach House
  • Metal Roof
  • Wood Trim
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 1,225 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Screened Porch
  • Wood Flooring
  • Dryer

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Shower Only

Outdoor Features

  • Outdoor Shower
  • Shed

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 28-3S-18-16190-00A-0260

Community Details

Overview

  • Association fees include accounting, ground keeping, legal, management
  • Magnolia Cottages By The Sea Subdivision
  • The community has rules related to covenants

Recreation

  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,029

Year Built

Built in 2005

Lot Details

4,356 Sq Ft Lot

HOA Fees

$199 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Lot Size: 45X90
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Magnolia Cottages by the Sea
  • Directions: Head west on US 98, turn left onto S Watersound Pkwy, turn right onto E County Hwy 30A, turn right onto Patina Blvd., right onto Kareny Lane, property will be on your left.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2005
  • Remarks Misc:Remarks: 'CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS' Don't miss out on your opportunity to own this beautiful and well planned beach cottage! Magnolia Cottages neighborhood with deeded beach access, and a heated community pool. Home has a new washer, new HVAC installed June 2021 with 5 year warranty. A 5 minute walk to the white sandy beaches of 30a and short bike ride to Alys Beach, Rosemary Beach and The Hub with restaurants and shops. Great investment opportunity or second home. Strong vacation rental history with $65,000 projected income 2022. OWNER IS A LICENSED REAL ESTATE AGENT.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Covered Porch: Yes
  • Rooms:Great Room: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Floor Hardwood, Pantry, Window Treatment All
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • Lot Features: Covenants, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Foundation On Piling, Roof Metal, Siding CmntFbrHrdBrd, Trim Wood
  • Exterior Features: Porch Screened, Shower, Yard Building
  • 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
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Trim Wood: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach, Pool
  • Association #2 Fee: 2385.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Legal, Management

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 28-3S-18-16190-00A-0260
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4028.88
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2024
Sold by
Gates Dennis Ray
Bought by
Gulf Bear Homes Llc
Current Estimated Value
$1,112,504

Purchase Details

Listed on
Jun 11, 2022
Closed on
Aug 31, 2022
Sold by
David Thomas Jr Carl and David Dawn Kelly
Bought by
Gates Dennis Ray
Seller's Agent
Kathy Bass
Avenue Realty
List Price
$1,200,000
Sold Price
$1,095,000
Premium/Discount to List
-$105,000
-8.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.45%
Original Mortgage
$984,405
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2020
Closed on
May 29, 2020
Sold by
Watson Lynn M and Watson Randy S
Bought by
Thomas Carl David and Thomas Kelly Dawn
Seller's Agent
Elwood Junot
Lifes a Beach Luxury Real Estate
Buyer's Agent
Kathy Bass
Avenue Realty
List Price
$515,000
Sold Price
$515,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.62%
Original Mortgage
$437,750
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2005
Sold by
Magnolia Partners Llc
Bought by
Watson Randy S and Watson Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,200
Interest Rate
5.22%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gulf Bear Homes Llc $100 None Listed On Document
Gates Dennis Ray $1,095,000 --
Gates Dennis Ray $1,095,000 None Listed On Document
Thomas Carl David $515,000 Mti Title Insurance Agcy Inc
Watson Randy S $442,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gates Dennis Ray $984,405
Previous Owner Thomas Carl David $437,750
Previous Owner Watson Randy S $44,200
Previous Owner Watson Randy S $353,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2022 08/31/22 Sold $1,095,000 -8.8% $894 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/11/2022 06/11/22 For Sale $1,200,000 +133.0% $980 / Sq Ft
05/29/2020 05/29/20 Sold $515,000 0.0% $420 / Sq Ft View Prior Sale
05/02/2020 05/02/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $515,000 -- $420 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $6,871 $760,388 $226,125 $534,263
2024 $7,025 $766,740 $226,125 $540,615
2023 $7,025 $773,091 $226,125 $546,966
2022 $5,463 $736,101 $250,998 $485,103
2021 $4,029 $416,219 $146,358 $269,861
2020 $4,077 $408,382 $133,900 $274,482
2019 $3,918 $402,026 $130,000 $272,026
2018 $3,507 $351,688 $0 $0
2017 $3,530 $379,090 $64,823 $314,267
2016 $3,142 $325,391 $0 $0
2015 $2,992 $312,470 $0 $0
2014 $2,675 $268,484 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 900344

Emerald Coast Association of REALTORS®

APN: 28-3S-18-16190-00A-0260

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