NOT LISTED FOR SALE

34 Mala Way Inlet Beach, FL 32461

Estimated Value: $5,448,000 - $6,227,000

8 Beds
7.5 Baths
5,584 Sq Ft
$1,029/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $4,650,000 $833 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $33,618/month

32 Days on Market

Highlights

  • Heated Pool
  • Gulf View
  • 0.38 Acre Lot
  • Dune Lakes Elementary School Rated A-
  • Gated Community
  • Newly Painted Property

About This Home

As of October 2021

Welcome to 34 Mala Way; a brand-new, breathtaking home in the gorgeous development of Mala Beach. This new development is in the heart of Inlet Beach, directly across from beach access and only a minute walk from the white sands and emerald waters of the Gulf. Just steps from all the action of Rosemary Beach and Alys Beach; this elegant, beach-style 7 home development also offers all the comfort and security of a private exclusive gated community.

34 Mala Way features eight bedrooms, seven and a half bathrooms, and 5,584 square feet (including the garage). The first floor also features; a cozy foyer, leading into a spacious living room which is perfect for gathering with family and friends, a luxurious wet bar with Mother-of-Pearl backsplash & built-in appliances, a private study, a large laundry room, a master bedroom suite with dual sinks and marble finishes, an extra full bath with tub, an oversized garage with four additional dedicated parking spaces, and a luxury elevator that services all floors.

Head upstairs to the second floor, where you'll find two master bedrooms suite with marble finishes, one of which is directly connected to a private veranda, two additional bedrooms connected with a full Jack- and-Jill style bath, and an outdoor veranda with captivating Gulf views.

The third floor features two spacious master bedroom suites, large dual walk-in closets, a luxury spa-like bath with a full tub and serene white-on-white finishes, an adjoining private deck with ocean views, and additional laundry amenities. And finally, head upstairs to the fourth floor which features a wonderfully-open Great Room complete with sunlit kitchen, dining, and living room. The kitchen features high-end stainless steel appliances, including a built-in icemaker, an oversized marble waterfall island, and custom cabinetry. Fix yourself a drink, and then head out to the expansive deck, perfect for entertaining friends and family. The deck features an amazing rooftop salt-water heated pool, perfect for experiencing the gorgeous sunrises and sunsets.

Live the best beach life 30a has to offer, and don't hesitate to schedule your showing today at 34 Mala Way.

Last Agent to Sell the Property

Beau Blankenship

Christies International Real Estate Emerald Coast Listed on: 07/09/2021

Christies International Real Estate Emerald Coast

Last Buyer's Agent

Beau Blankenship

Christies International Real Estate Emerald Coast Listed on: 07/09/2021

Christies International Real Estate Emerald Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,281

Year Built

  • Built in 2021

Lot Details

  • 0.38 Acre Lot

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener

Home Design

  • Beach House
  • Newly Painted Property
  • Metal Roof

Interior Spaces

  • 5,584 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Partially Furnished
  • Recessed Lighting
  • Living Room
  • Dining Area
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 8 Bedrooms
  • En-Suite Primary Bedroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Pool

  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number lot 5 mala

Community Details

Overview

  • Inlet Beach Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,281

Year Built

Built in 2021

Lot Details

0

HOA Fees

$200 per month

Parking

1

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Lot Size: TBD
  • Road Surface Type: Paved
  • Subdivision Name: INLET BEACH
  • Directions: From 98 turn south onto Orange St, take a left to head eastbound on W Park Place, Turn left (north) onto Mala Way, Lot 5 will be on the right
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 4
  • Year Built: 2021
  • 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
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Energy:Heat - Two or More: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Smoke Detector, Washer
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Interior Amenities: Breakfast Bar, Elevator, Furnished - Some, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Washer/Dryer Hookup
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Freezer: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Roof Metal, Slab
  • Exterior Features: Balcony, Deck Covered, Patio Covered, Pool - Heated, Porch, Shower
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: 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: Gated Community, Pets Allowed, TV Cable
  • Association #2 Fee: 2400.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 16552.8
  • Parcel #: lot 5 mala
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14281.05
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Oct 1, 2021
Sold by
Mala Beach Development Llc
Bought by
Cullipher Brad
Seller's Agent
Beau Blankenship
Christies International Real Estate Emerald Coast
Buyer's Agent
Beau Blankenship
Christies International Real Estate Emerald Coast
List Price
$4,650,000
Sold Price
$4,650,000
Current Estimated Value
$5,676,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,026,665
Avg. Annual Appreciation
5.67%
Original Mortgage
$3,487,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2021
Sold by
Brad Cullipher
Bought by
34 Mala 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
Cullipher Brad $4,650,000 Attorney
34 Mala Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cullipher Brad $3,487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $4,650,000 0.0% $833 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $4,650,000 -- $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 $39,856 $4,386,358 $1,011,770 $3,374,588
2023 $39,856 $4,386,358 $1,011,770 $3,374,588
2022 $34,874 $3,763,135 $800,794 $2,962,341
2021 $3,749 $387,288 $387,288 $0
2019 $3,416 $344,000 $344,000 $0
2018 $2,611 $261,822 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 876479

Emerald Coast Association of REALTORS®

APN: 36-3S-18-16118-000-0050