NOT LISTED FOR SALE

Estimated Value: $1,502,000 - $2,372,000

4 Beds
4.5 Baths
2,160 Sq Ft
$808/Sq Ft Est. Value

Last Sold December 21, 2023

Last sale price $1,600,000 $741 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,639/month

75 Days on Market

Highlights

  • Beach House
  • Wood Flooring
  • Furnished
  • Dune Lakes Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Screened Porch

About This Home

As of December 2023

Rare newly constructed home in sought-after Magnolia Cottages by the Sea. Completed in 2022, this home boasts four bedrooms and four-and-a-half bathrooms. Nestled at the serene terminus of a tranquil side street, it's a perfect private retreat.

Situated perfectly between the vibrant destinations of Rosemary Beach and The Big Chill, this spacious and thoughtfully positioned abode offers unparalleled convenience to a plethora of boutiques, delightful local eateries, and live entertainment venues. Additionally, a mere five-minute stroll grants you access to the beach, ensuring leisurely seaside enjoyment. This home is thoughtfully designed and features a master bedroom on the 1st and 2nd floors, four generously sized king bedrooms, each equipped with its own en-suite bathroom for the utmost in comfort and privacy. A charming bunk nook adds a touch of whimsy for younger guests, making it a perfect family retreat. The screened-in porch, discreetly tucked away at the rear of the home, offers a secluded oasis for relaxation and unwinding. The home is adorned with Quartz countertops, a tankless water heater for energy efficiency and is being sold fully furnished, ensuring a seamless transition into your coastal lifestyle.

For those eager to explore the vibrant surroundings, the 18-mile Timpochee Trail awaits, inviting you to walk, run, or bike your way through the diverse array of stores, restaurants, and state parks that define the unique character of 30A.

As an additional perk, this community boasts a large heated pool. Furthermore, deeded beach access is conveniently located directly across from the neighborhood, ensuring that the pristine sands and sparkling waters of the Gulf of Mexico are just a stone's throw away.

Last Agent to Sell the Property

James Johnson

Scenic Sotheby's International Realty License #3293506 Listed on: 09/08/2023

Scenic Sotheby's International Realty

Last Buyer's Agent

Rush Krug

Scenic Sotheby's International Realty License #3495526

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,323

Year Built

  • Built in 2022

Lot Details

  • 5,009

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Beach House

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Screened Porch
  • Wood Flooring

Kitchen

  • Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Shower Only

Pool

  • Outdoor Shower

Schools

  • Bay Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 28-3S-18-16190-00A-0280

Community Details

Overview

  • Magnolia Cottages By The Sea Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,323

Year Built

Built in 2022

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: TBD
  • Road Surface Type: Paved
  • Subdivision Name: Magnolia Cottages By the Sea
  • Directions: Turn north from Hwy 30A onto Patina Blvd into Magnolia Cottages subdivision. Vizcaya is the 4th street on the right.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2022
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Rooms:Screened Porch: Yes
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Freezer, Microwave, Refrigerator, Refrigerator W/IceMk
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Floor Hardwood, Furnished - All
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes

Exterior Features

  • Pool Features: Pool Type
  • Exterior Features: Porch, Porch Screened, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes

Garage/Parking

  • General Property Info:Garage2: No

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: Pool
  • Association #2 Fee: 2500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 28-3S-18-16190-00A-0280
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Dec 21, 2023
Sold by
Finnicum Darrel John and Ashley Duke
Bought by
Boone James Nathan
Seller's Agent
James Johnson
Scenic Sotheby's International Realty
Buyer's Agent
Rush Krug
Scenic Sotheby's International Realty
List Price
$1,799,000
Sold Price
$1,600,000
Premium/Discount to List
-$199,000
-11.06%
Views
49
Current Estimated Value
$1,744,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,417
Avg. Annual Appreciation
5.28%
Original Mortgage
$900,000
Outstanding Balance
$886,570
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$857,847

Purchase Details

Closed on
Oct 15, 2020
Sold by
Clark Michael and Clark Michael
Bought by
Finnicum Darrel John and Finnicum Ashley Duke

Purchase Details

Closed on
Oct 5, 2011
Sold by
Magnolia Parnters Llc
Bought by
Clark Michael and Michael Clark 401K Trust
Source: Public Records

Range of Values:

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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
Boone James Nathan $1,600,000 Provident Title
Finnicum Darrel John $225,000 Coastal Title & Escrow
Clark Michael $75,000 Mcgill Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boone James Nathan $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2023 12/21/23 Sold $1,600,000 -5.8% $741 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
09/25/2023 09/25/23 Price Changed $1,699,000 -5.6% $787 / Sq Ft
09/08/2023 09/08/23 For Sale $1,799,000 -- $833 / 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 $11,323 $1,295,429 $260,043 $1,035,386
2023 $11,323 $1,202,775 $0 $0
2022 $10,585 $1,196,520 $288,648 $907,872
2021 $1,629 $168,312 $168,312 $0
2020 $1,076 $133,900 $133,900 $0
2019 $1,013 $130,000 $130,000 $0
2018 $665 $66,707 $0 $0
2017 $641 $64,823 $64,823 $0
2016 $606 $62,329 $0 $0
2015 $569 $58,252 $0 $0
2014 $525 $52,956 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 931876

Emerald Coast Association of REALTORS®

APN: 28-3S-18-16190-00A-0280