NOT LISTED FOR SALE

3551 Scenic Highway 98 Unit 11 Destin, FL 32541

Estimated Value: $933,000 - $1,371,000

4 Beds
4 Baths
1,920 Sq Ft
$582/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $590,000 $307 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $7,012/month

Highlights

  • Lake Front
  • In Ground Pool
  • Gulf View
  • Destin Elementary School Rated A-
  • Fishing
  • Caribbean Architecture

About This Home

As of October 2018

Ideally located across from the Gulf of Mexico and backing up to unobstructed views of Four Prong Lake, here you will find an incredible 4 bedroom, 4 bathroom Villa in Destiny Beach Villas. With versatility in mind, this beautiful Villa is able to accommodate up to 12 guests or rented separately as two 2 bedroom units sleeping 6 each. Each unit is newly furnished and decorated with prime location near one of the community pools. All four bedrooms access rear balconies overlooking the lake for the perfect tranquil retreat to enjoy your morning coffee or to catch the indescribable Emerald Coast sunsets. With gross rentals of $58k in 2017 and $57k so far in 2018 including 8 weeks of owner usage, this Villa can easily gross over $70k if rented full time!! Whether used as a year round home, vacation property or rental investment, this property offers exemplary beach living at its finest.

Last Agent to Sell the Property

Jimmy Chambers

Envest Realty License #3360062 Listed on: 08/23/2018

Last Buyer's Agent

James Chambers

J Howard Properties LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,458

Year Built

  • Built in 1997

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 35 x 70
  • Lake Front
  • Home fronts a seawall
  • Sprinkler System
  • Property is zoned Resid Multi-Family,

HOA Fees

  • $467 Monthly HOA Fees

Property Views

  • Gulf
  • Lake

Home Design

  • Caribbean Architecture
  • Exterior Columns
  • Off Grade Structure
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 1,920 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Built-in Bookshelves
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Double Pane Windows
  • Window Treatments
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Lock
  • Balcony
  • Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Water Heaters
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0074-0000-0110

Community Details

Overview

  • Association fees include ground keeping, management, master, recreational faclty, sewer, water, trash
  • Destiny East Ph 4 Subdivision

Recreation

  • Community Pool
  • Community Whirlpool Spa
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,458

Year Built

Built in 1997

Lot Details

0

HOA Fees

$467 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.05
  • Lot Size: 35 x 70
  • Subdivision Name: DESTINY EAST PH 4
  • Directions: From Highway 98, head South on Regatta Bay Blvd. In 1/2 mile turn East onto Scenic Hwy. 98. The Villa is 1/2 mile on your Left.
  • Architectural Style: Caribbean
  • New Construction: No
  • Building Stories: 2
  • 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
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Waterfront:Unit Waterfront: Yes
  • Energy:AC - 2 or More: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Waterfront:Shore - Seawall: Yes
  • Energy:Water Heater - Two: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Interior Amenities: Built-In Bookcases, Floor Tile, Floor WW Carpet, Furnished - All, Lighting Recessed, Lighting Track, Lock Out, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Tile: Yes
  • Interior:Lighting Track: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Built-In Bookcases: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Gulf
  • Waterfront Features: Unit Waterfront, Lake, Shore - Seawall
  • Waterfront: Yes
  • Construction Type: Foundation Off Grade, Roof Tile/Slate, Slab, Stucco
  • Exterior Features: Balcony, Columns, Pool - Gunite Concrt, Pool - In-Ground, Porch, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Columns: Yes
  • ConstructionSiding:Roof TileSlate: Yes
  • ConstructionSiding:Foundation Off Grade: Yes
  • Exterior:Pool - Gunite Concrt: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Fishing, Pool, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 1400.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Management, Master Association, Recreational Faclty, Sewer, Water, Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 2178.0
  • Parcel #: 00-2S-22-0074-0000-0110
  • Zoning: Resid Multi-Family,
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4457.64
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2018
Closed on
Oct 5, 2018
Sold by
Bell Jonathan D and Kennedy Michael N
Bought by
Marino Robert R and Marino Erica L
Seller's Agent
Jimmy Chambers
Envest Realty
Buyer's Agent
James Chambers
J Howard Properties LLC
List Price
$590,000
Sold Price
$590,000
Current Estimated Value
$1,117,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$527,659
Avg. Annual Appreciation
9.46%
Original Mortgage
$442,500
Outstanding Balance
$385,886
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$731,773

Purchase Details

Closed on
Apr 11, 2014
Sold by
Railey James L
Bought by
Bell Jonathan D and Kennedy Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2011
Closed on
Jan 25, 2013
Sold by
Kief Dunine E and Kief Ana L
Bought by
Railey James L
Seller's Agent
Bill Godwin
Coldwell Banker Realty
Buyer's Agent
Brandon Knox
In Demand Real Estate
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%

Purchase Details

Closed on
Jun 6, 2001
Sold by
Forman Jeffrey L and Forman Nancy M
Bought by
Kief Duaine E and Kief Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
8%
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
Marino Robert R $590,000 Mc Neese Title Llc
Bell Jonathan D $400,000 Mcneese Title Llc
Railey James L $390,000 Aqua Title
Kief Duaine E -- Southern Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marino Robert R $442,500
Previous Owner Bell Jonathan D $300,000
Previous Owner Kief Duaine E $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2020 06/04/20 Off Market $590,000 -- --
10/05/2018 10/05/18 Sold $590,000 0.0% $307 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $590,000 +51.3% $307 / Sq Ft
01/25/2013 01/25/13 Sold $390,000 0.0% $203 / Sq Ft View Prior Sale
01/10/2013 01/10/13 Pending -- -- --
09/25/2011 09/25/11 For Sale $390,000 -- $203 / 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 $8,211 $867,635 $384,853 $482,782
2023 $8,211 $831,520 $359,676 $471,844
2022 $7,024 $662,954 $311,407 $351,547
2021 $5,935 $489,819 $214,200 $275,619
2020 $5,313 $424,627 $204,000 $220,627
2019 $5,277 $416,022 $204,000 $212,022
2018 $4,561 $355,220 $0 $0
2017 $4,458 $341,083 $0 $0
2016 $4,284 $329,768 $0 $0
2015 $4,231 $319,354 $0 $0
2014 $4,020 $299,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 804018

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0074-0000-0110