NOT LISTED FOR SALE

2978 Scenic Highway 98 Destin, FL 32541

Estimated Value: $3,497,000 - $7,831,610

7 Beds
6.5 Baths
5,632 Sq Ft
$1,068/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $3,745,000 $665 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $36,281/month

231 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • Beach House
  • Destin Elementary School Rated A-
  • 0.48 Acre Lot
  • Cathedral Ceiling

About This Home

As of August 2018

Sterling Beach Palace is a stunning gulf front Italian Villa offering spectacular views from almost every room. Quality workmanship shows in the attention to every detail. A few of the outstanding features of this home include:
**ALMOST HALF AN ACRE WITH 65' ON THE GULF**PRIVATE BEACH ACCESS**GULF FRONT POOL**OPEN FLOOR PLAN** TRAVERTINE FLOORING**SPACIOUS GOURMET KITCHEN WITH GRANITE COUNTERTOPS** TWO SIDED FIREPLACE BETWEEN DINING AREA AND LIVING ROOM**MEDIA ROOM WITH WET BAR**7 BEDROOMS**6 -1/2 BATHROOMS**2 GULFFRONT MASTER SUITES**CROWN MOLDING**2 GARAGES FOR 4 CARS**PROJECTED RENTAL INCOME $240,000-$253,000**

Last Agent to Sell the Property

Matthew Odgood

World Impact Real Estate License #3070322 Listed on: 11/14/2017

World Impact Real Estate

Last Buyer's Agent

Bobby Parish

RE/MAX by the Sea License #3254043

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,791

Year Built

  • Built in 2003 | Remodeled

Lot Details

  • 0.48 Acre Lot
  • Property fronts gulf or ocean
  • Coastal Setback
  • Property fronts a state road
  • Coastal Barrier Zone
  • Sprinkler System

Parking

  • 4 Car Detached Garage
  • Automatic Garage Door Opener

Home Design

  • Beach House
  • Frame Construction
  • Slate Roof
  • Metal Roof
  • Stucco
  • Slate

Interior Spaces

  • 5,632 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Partially Furnished
  • Cathedral Ceiling
  • Recessed Lighting
  • Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Double Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Phone Available

Community Details

  • Shores Of Crystal Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0584-0000-0070

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,791

Year Built

Built in 2003 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Lot Size: 69 x 169.9 x 160.8 x
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Subdivision Name: SHORES OF CRYSTAL BEACH
  • Directions: Hutchinson St. south, east on scenic, home is on the right.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2003
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - 2 or More: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Double, Refrigerator, Smoke Detector, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Interior Amenities: Ceiling Cathedral, Elevator, Fireplace, Floor Tile, Floor WW Carpet New, Furnished - Some, Lighting Recessed, Owner's Closet, Split Bedroom, Wet Bar, Window Treatment All
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Interior:Ceiling Cathedral: Yes
  • Interior:Split Bedroom: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Appliances:Oven Double: Yes
  • Interior:Wet Bar: Yes
  • Interior:Fireplace: Yes
  • Interior:Floor WW Carpet New: Yes

Exterior Features

  • Lot Features: Coastal Setback, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Frame, Roof Metal, Roof Tile/Slate, Stucco
  • Exterior Features: Balcony, Patio Covered, Pool - Heated, Pool - In-Ground, Porch Open, Renovated, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Lot Features:Coastal Setback: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Porch Open: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes
  • ConstructionSiding:Roof TileSlate: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Garage Detached
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Pets Allowed, Waterfront

Schools

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

Lot Info

  • Lot Size Sq Ft: 20908.8
  • Parcel #: 00-2S-22-0584-0000-0070
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres
  • Lot Features Coastal Barrier Zone: Yes

Tax Info

  • Tax Annual Amount: 39791.07
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2020
Sold by
Herndon Maribeth Ward
Bought by
Imagine Investments Llc
Current Estimated Value
$6,014,903

Purchase Details

Listed on
Nov 14, 2017
Closed on
Aug 6, 2018
Sold by
Burnett Deena L and The Burnett Revocable Trust
Bought by
Herndon Maribeth Ward
Seller's Agent
Matthew Odgood
World Impact Real Estate
Buyer's Agent
Bobby Parish
RE/MAX by the Sea
List Price
$3,745,000
Sold Price
$3,745,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%

Purchase Details

Listed on
Apr 28, 2015
Closed on
Jul 3, 2015
Sold by
Super Blue Water Properties Llc
Bought by
Burnett Deena L and The Deena L Burnett Revocable Trust
Seller's Agent
Allen Adams
850 Properties - Santa Rosa Beach
Buyer's Agent
Matthew Odgood
World Impact Real Estate
List Price
$3,850,000
Sold Price
$3,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.89%
Original Mortgage
$2,500,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2014
Closed on
Nov 26, 2014
Sold by
Crystal Beach Llc
Bought by
Super Blue Water Properties Llc
Seller's Agent
Jo Stewart
Scenic Sotheby's International Realty
Buyer's Agent
Allen Adams
Scenic Sotheby's International Realty
List Price
$1,800,000
Sold Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
240.85%
Original Mortgage
$2,200,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2004
Sold by
Rmh Coastline Holdings Llc
Bought by
Crystal Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Interest Rate
5.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 21, 2003
Sold by
Kcp Enterprises Llc
Bought by
Rmh Coastline Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.95%
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
Imagine Investments Llc -- Attorney
Herndon Maribeth Ward $3,745,000 Attorney
Burnett Deena L $3,850,000 Mcgill Escrow & Title
Super Blue Water Properties Llc $1,800,000 Fatico
Crystal Beach Llc $2,800,000 Fatco
Rmh Coastline Holdings Llc $1,760,000 Southern Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burnett Deena L $2,500,000
Previous Owner Super Blue Water Properties Llc $2,200,000
Previous Owner Crystal Beach Llc $2,998,000
Previous Owner Crystal Beach Llc $2,240,000
Previous Owner Rmh Coastline Holdings Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Off Market $1,800,000 -- --
08/06/2018 08/06/18 Sold $3,745,000 0.0% $665 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
11/14/2017 11/14/17 For Sale $3,745,000 -2.7% $665 / Sq Ft
07/09/2015 07/09/15 Sold $3,850,000 0.0% $684 / Sq Ft
06/14/2015 06/14/15 Pending -- -- --
04/28/2015 04/28/15 For Sale $3,850,000 +113.9% $684 / Sq Ft
11/26/2014 11/26/14 Sold $1,800,000 0.0% $330 / Sq Ft
10/09/2014 10/09/14 Pending -- -- --
09/05/2014 09/05/14 For Sale $1,800,000 -- $330 / 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 $54,201 $4,910,537 $2,588,750 $2,321,787
2023 $54,201 $4,965,241 $2,588,750 $2,376,491
2022 $48,627 $4,313,632 $2,241,342 $2,072,290
2021 $42,844 $3,450,065 $1,765,939 $1,684,126
2020 $41,095 $3,284,455 $1,681,847 $1,602,608
2019 $40,555 $3,197,170 $1,681,847 $1,515,323
2018 $43,742 $3,430,585 $0 $0
2017 $40,193 $3,075,409 $0 $0
2016 $39,791 $3,063,349 $0 $0
2015 $30,185 $2,278,544 $0 $0
2014 $30,370 $2,264,616 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Matthew Odgood

    World Impact Real Estate

    (850) 654-6552

    1 in this area

    12 Total Sales

    Matthew Odgood
    Section Image
  • Bobby Parish

    Buyer's Agent in 2018

    Bobby Parish

    RE/MAX by the Sea

    (770) 861-2966

    7 in this area

    31 Total Sales

    Bobby Parish
    Section Image

  • A

    Seller's Agent in 2015

    Allen Adams

    850 Properties - Santa Rosa Beach

    (850) 855-6140

    6 in this area

    116 Total Sales

    Allen Adams
    Section Image

  • J

    Seller's Agent in 2014

    Jo Stewart

    Scenic Sotheby's International Realty

    (850) 231-6052

    4 Total Sales

    Jo Stewart
    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Ann Hammonds

    ResortQuest Real Estate Seagrove Beach

  • -

    Buyer's Agent in 2014

    - Ecn.rets.e4969

    ecn.rets.RETS_OFFICE

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 786671

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0584-0000-0070

Florida Okaloosa County Destin 32541

2978 Scenic Highway 98, Destin, FL

This home is located at 2978 Scenic Highway 98, Destin, FL 32541 since 14 November 2017 and is currently estimated at $6,014,903, approximately $1,067 per square foot. This property was built in 2003. 2978 Scenic Highway 98 is a home located in Okaloosa County with nearby schools including Destin Elementary School, Destin Middle School, and Fort Walton Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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