$1,955,000
SOLD OCT 24, 2023

The Inn at Crystal Beach 2996 Scenic Highway 98 Unit 704 Destin, FL 32541

6 Beds
4 Baths
2,907 Sq Ft
$1,728/mo HOA Fee

Recently Sold

$673 Per Sq Ft

26% Below List Price

48 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Main Floor Primary Bedroom

About This Home

As of October 2023

**$700K PRICE REDUCTION!!** BEST DEAL ON THE BEACH! Discover a one-of-a-kind gem in the heart of Destin, Florida with Summerchase Penthouse 704! This exceptional property features 6 bedrooms and 4 bathrooms with 2,907 square feet of living space spread across two stories. The first-floor living space seamlessly blends the kitchen, dining and living areas, creating an open-concept entertaining space with added wet bar and balcony access. You'll find 3 full bedrooms on each floor (6 total) as well as living space on each floor offering the perfect opportunity for even more sleeping arrangements or additional media/bonus room. Start your day with a cup of coffee on your private balcony as the sun rises with a warm and inviting glow The property offers exceptional amenities including the convenience of an onsite restaurant called Soleil (SoleilDestin.com), an excellent fitness room with great views as well as the Gulfside pool and hot tub. The building offers an expansive beach frontage where every day brings opportunities for sun-soaked relaxation and beachside activities. This property is a short distance to tons of restaurants, shopping, local amenities, grocery and more. For the savvy investor, Penthouse 704 presents an enticing prospect with a strong rental history, making it a great investment opportunity and something that will for sure standout from the crowd. Whether you are seeking a rental, second home or even primary this property serves all purposes well with it's spacious plan and beautiful views. Deeded parking conveys as well. Embrace the allure of Penthouse 704, where luxury, comfort, and Gulf front living converge to create an unparalleled Emerald Coast experience.

Last Agent to Sell the Property

Staggs Group

Christies International Real Estate Emerald Coast Listed on: 08/29/2023

Last Buyer's Agent

Dustin Cornwell

Dream Destin Realty PLLC License #3470752

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,434

Year Built

  • Built in 1997

Lot Details

  • Property fronts gulf or ocean
  • Sprinkler System

HOA Fees

  • $1,728 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Deeded Parking

Interior Spaces

  • 2,907 Sq Ft Home
  • Wet Bar
  • Furnished
  • Living Room
  • Bonus Room
  • Gulf Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2379-0000-7040

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, legal, management, sewer, water, cable TV, trash
  • Summerchase Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Beach
  • Community Whirlpool Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,434

Year Built

Built in 1997

Lot Details

0

HOA Fees

$1,728 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SUMMERCHASE CONDO
  • Directions: From Highway 98 turn South on to Crystal Beach Drive. Follow Crystal Beach Drive and Summerchase (The Inn at Crystal Beach) is directly ahead on the beach side of Scenic Highway 98.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1997
  • 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
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Balcony2: Yes
  • Rooms:Bonus Room: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Interior Amenities: Furnished - All, Wet Bar
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Furnished - All: Yes
  • Interior:Wet Bar: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony, Pool - Heated, Pool - In-Ground, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage, Deeded, See Remarks
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:See Remarks4: Yes
  • Parking Features:Deeded: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Deed Access, Elevators, Exercise Room, Pool, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 1728.47
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Legal, Management, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-2379-0000-7040
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14434.27
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Oct 23, 2023
Sold by
Safe Harbour Eat-Xvi Llc
Bought by
I-House Investments Llc
Seller's Agent
Staggs Group
Christies International Real Estate Emerald Coast
Buyer's Agent
Dustin Cornwell
Dream Destin Realty PLLC
List Price
$2,650,000
Sold Price
$1,955,000
Premium/Discount to List
-$695,000
-26.23%
Views
38
Current Estimated Value
$2,164,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,658
Avg. Annual Appreciation
5.69%

Purchase Details

Listed on
Mar 27, 2022
Closed on
Jun 9, 2022
Sold by
Kmw & C Llc
Bought by
Safe Harbour Eat-Xvi Llc
Seller's Agent
Vladimir Babich
Coldwell Banker Realty
Buyer's Agent
Josh Staggs
Christies International Real Estate Emerald Coast
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.43%
Original Mortgage
$1,880,000
Interest Rate
4.38%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 12, 2019
Closed on
Jan 18, 2019
Sold by
Unit M Partners Lllp
Bought by
Kmw & C Llc
Seller's Agent
John Cook
Coldwell Banker Realty
Buyer's Agent
Cindy Cole
Keller Williams Realty Destin
List Price
$975,000
Sold Price
$975,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.02%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,955,000 None Listed On Document
Warranty Deed $2,500,000 None Listed On Document
Warranty Deed $975,000 Mcneese Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,880,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2023 10/24/23 Sold $1,955,000 +0.3% $673 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/29/2023 09/29/23 Price Changed $1,950,000 -26.4% $671 / Sq Ft
08/29/2023 08/29/23 For Sale $2,650,000 +6.0% $912 / Sq Ft
06/10/2022 06/10/22 Sold $2,500,000 0.0% $860 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
03/27/2022 03/27/22 For Sale $2,500,000 +156.4% $860 / Sq Ft
01/18/2019 01/18/19 Sold $975,000 0.0% $335 / Sq Ft
01/12/2019 01/12/19 For Sale $975,000 -- $335 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
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 $22,399 $1,825,000 -- $1,825,000
2023 $22,399 $1,875,000 $0 $1,875,000
2022 $14,434 $1,375,000 $0 $1,375,000
2021 $11,797 $950,000 $0 $950,000
2020 $11,886 $950,000 $0 $950,000
2019 $12,050 $950,000 $0 $950,000
2018 $11,923 $950,000 $0 $0
2017 $10,782 $825,000 $0 $0
2016 $10,716 $825,000 $0 $0
2015 $10,929 $825,000 $0 $0
2014 $11,064 $825,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 931109

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2379-0000-7040