NOT LISTED FOR SALE

Estimated Value: $2,315,000 - $2,868,000

8 Beds
7 Baths
4,263 Sq Ft
$614/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $2,750,000 $645 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $14,896/month

107 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Gulf View
  • Van R. Butler Elementary School Rated A-
  • Heated In Ground Pool
  • Deck

About This Home

As of June 2024

Primely located in the heart of Frangista Beach, an investor centric neighborhood just steps from the Gulf of Mexico, this stunning beachside retreat offers an unparalleled blend of elegance, comfort, and coastal living. Spanning an impressive 4,263 square feet, this spacious home boasts 8 bedrooms, 7 bathrooms, and a host of exceptional features with custom construction newly completed by Ben Giles. Upon entering, you'll be greeted by the warmth of Thierry Francois flooring that leads through the impeccably designed interior with first level game room and entertaining directly flowing out to the resort style pool.

Please reach out to us today for the cost-to-own and rental projection figures for the property. The main living areas feature exquisite pecky cypress ceilings, adding a touch of rustic charm and character to the space. Entertain guests effortlessly in the gourmet kitchen situated on the second level, equipped with top-of-the-line Subzero and Thermador appliances, as well as a Thierry Francois hood vent and gas range for culinary enthusiasts. Accommodations abound in this residence, with six king-sized bedrooms offering plush comfort and relaxation, complemented by two additional bedroom suites designed as charming bunk rooms. Each of the seven bathrooms exudes luxury, featuring high-end finishes and modern fixtures. Ascend to the fourth-story rooftop deck via the unique spiral staircase, where breathtaking panoramic views of the Gulf of Mexico await. Outdoor living is elevated to new heights with a private pool and spa, providing the ultimate retreat for soaking up the sun or unwinding after a day at the beach. The full outdoor kitchen ensures seamless alfresco dining experiences, complete with a grill and ample counter space for preparing meals. Convenient amenities include a single-car garage for added storage and parking convenience. As a bonus, there is beach access for Frangista Beach owners, ensuring easy access to the pristine shoreline. With rental projections reaching $300,000 annually, this property presents an exceptional investment opportunity for those seeking to capitalize on the booming vacation rental market along the Emerald Coast. Experience the epitome of coastal luxury at this magnificent new construction beach home, where every detail has been thoughtfully curated to offer a lifestyle of unparalleled comfort and sophistication.

Last Agent to Sell the Property

Spears Group

Compass Listed on: 02/13/2024

Last Buyer's Agent

Alexander Lamberson

Gulf Realty 30A LLC License #3497345

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,677

Year Built

  • Built in 2023

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 49x99x48x98
  • Property is Fully Fenced
  • Privacy Fence

Home Design

  • Beach House
  • Vinyl Siding

Interior Spaces

  • 4,263 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Furnished
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Recreation Room
  • Gulf Views

Kitchen

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

Flooring

  • Wood
  • Painted or Stained Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Deck

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • High Efficiency Air Conditioning
  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 32-2S-21-42050-00B-0010

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include master
  • Frangista Beach Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,677

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size: 49x99x48x98
  • Road Surface Type: Paved
  • Subdivision Name: FRANGISTA BEACH
  • Directions: From Hwy 98 turn South on Holiday Road. Turn Left on Scenic Gulf Drive. Turn Left on Miami Street. Turn Left on West Palm Beach Street. House is on the Left.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 4
  • Year Built: 2023
  • ResoBuildingAreaSource: Appraiser
  • 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
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Utilities:Gas - Natural: Yes
  • Special Features: NewHome
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Stove/Oven Gas, Washer
  • Full Bathrooms: 7
  • Total Bedrooms: 8
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Elevator, Fireplace, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Pantry, Washer/Dryer Hookup, Woodwork Painted
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Vinyl Siding
  • Exterior Features: Balcony, Deck Open, Fenced Lot-All, Fenced Privacy, Hot Tub, Pool - Heated, Pool - In-Ground, Shower
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Siding Vinyl: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Open: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Fenced Lot-All: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Master Association

Schools

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

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 32-2S-21-42050-00B-0010
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Jun 26, 2024
Sold by
Ballamore Partners Llc
Bought by
Gonzales Angel
Seller's Agent
Spears Group
Compass
Buyer's Agent
Alexander Lamberson
Gulf Realty 30A LLC
List Price
$3,095,000
Sold Price
$2,750,000
Premium/Discount to List
-$345,000
-11.15%
Views
8
Current Estimated Value
$2,634,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$115,649
Avg. Annual Appreciation
-3.73%
Original Mortgage
$2,000,000
Outstanding Balance
$1,742,747
Interest Rate
7.02%
Mortgage Type
Balloon
Estimated Equity
$891,604

Purchase Details

Closed on
Nov 7, 2012
Sold by
County Of Walton
Bought by
Ballamore Partners Llc

Purchase Details

Closed on
Feb 2, 2005
Sold by
Ryan James Dennis
Bought by
Frangista Partners Llc

Purchase Details

Closed on
Oct 1, 2004
Sold by
Hassell John Lewis and Hassell Pamela R
Bought by
Ryan James Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.75%
Source: Public Records

Range of Values:

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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
Gonzales Angel $2,750,000 Aqua Title Services
Ballamore Partners Llc $41,100 None Available
Frangista Partners Llc $480,000 Dune Title Company Llc
Ryan James Dennis $150,000 Title Works
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzales Angel $2,000,000
Previous Owner Ballamore Partners Llc $1,500,500
Previous Owner Ryan James Dennis $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $2,750,000 -8.0% $645 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
03/14/2024 03/14/24 Price Changed $2,990,000 -3.4% $701 / Sq Ft
02/13/2024 02/13/24 For Sale $3,095,000 -- $726 / 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 $5,677 $843,768 $450,000 $393,768
2023 $5,677 $432,083 $0 $0
2022 $4,854 $669,629 $283,050 $386,579
2021 $3,744 $417,227 $211,354 $205,873
2020 $3,352 $346,598 $161,135 $185,463
2019 $3,139 $336,616 $154,938 $181,678
2018 $2,859 $304,629 $0 $0
2017 $2,693 $298,029 $125,773 $172,256
2016 $2,570 $289,423 $0 $0
2015 $869 $118,973 $0 $0
2014 $728 $94,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 942222

Emerald Coast Association of REALTORS®

APN: 32-2S-21-42050-00B-0010