R
Seller's Agent in 2023
Ryan Garofalo
LPT Realty LLC
(850) 240-8852
15 in this area
40 Total Sales
The Palms of Destin 4205 Indian Bayou Trail Unit 5 Destin, FL 32541
Estimated Value: $463,000 - $524,000
2
Beds
2
Baths
1,473
Sq Ft
$1,342/mo
HOA Fee
Highlights
- Heated In Ground Pool
- Furnished
- Gazebo
- Destin Elementary School Rated A-
- Game Room
- Elevator
About This Home
As of October 2023Retreat to this tranquil beach-styled villa nestled by the poolside. One of only fourteen exclusive villas offered within the esteemed Palms of Destin community. This villa is ideally positioned, and enjoys a prime location just steps away from the lavish 11,000 square-foot lagoon pool, hot tub, and splash pad, offering the ultimate resort-like experience. Spanning a generous 1,473 square feet, this villa exudes luxury with its elegant tile flooring and 10-ft ceilings. It features a spacious master bedroom complete with an ensuite, including a double vanity, garden tub, and shower. A guest bedroom with its own adjacent, full-bathroom. Fully equipped kitchen with updated appliances, and a breakfast bar. Ample storage space, a separate laundry room, and an expansive living/dining room that overlooks the lagoon pool leading out to the open patio. This property serves as an excellent investment opportunity, a second home, or a primary residence. All furnishings are included. Currently enrolled in the on-site Compass vacation rental program, this villa boasts a steady rental history, with the potential for even higher returns. This villa is turn-key ready for a new owner to step right in! The quarterly dues cover all utilities, including TV/cable, internet, water, sewer, trash, and electricity. The Palms is a mere 5 to 10-minute stroll to the nearest beach access, or you can opt for the complimentary shuttle, which also transports you & your guests to nearby locations including Harborwalk Village and Henderson Beach State Park. The resort is renowned for its 2-acre oasis adorned with palm trees and a stunning lagoon pool. Additionally, there's a children's pool and splash fountain, along with a year-round heated pool, and a hot tub. The Palms offers a plethora of additional amenities, including tennis courts, an indoor pickleball court, a basketball court, a playground, a recently updated on-site restaurant and bar with both indoor and outdoor seating, a coffee shop, a ballroom dancing studio, arcade, night club, and a brand new fitness center. This community truly has something for everyone, and you won't even need to leave the resort to have an exceptional time.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,603
Year Built
- Built in 2007
Lot Details
- 0.71
HOA Fees
- $1,342 Monthly HOA Fees
Home Design
- Metal Roof
- Concrete Siding
Interior Spaces
- 1,473 Sq Ft Home
- 1-Story Property
- Furnished
- Window Treatments
- Living Room
Kitchen
- Breakfast Bar
- Electric Oven or Range
- Self-Cleaning Oven
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Garden Bath
Laundry
- Dryer
- Washer
Home Security
Pool
- Heated In Ground Pool
- Spa
Outdoor Features
- Open Patio
- Gazebo
- Built-In Barbecue
Schools
- Destin Elementary And Middle School
- Fort Walton Beach High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-2312-0000-3105
Community Details
Overview
- Association fees include accounting, electricity, ground keeping, insurance, internet service, management, recreational faclty, security, sewer, water, cable TV, trash
- 14 Buildings
- 14 Units
- The Palms Of Destin Subdivision
- Handicap Modified Features In Community
Amenities
- Community Barbecue Grill
- Community Pavilion
- Game Room
- Elevator
Recreation
- Community Playground
- Community Whirlpool Spa
Pet Policy
- Pets Allowed
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2023
Closed on
Oct 2, 2023
Sold by
Ashabran Jason R and Ashabran Lori G
Bought by
Mejia Juan Andres and Mejia Leticia Maria
Seller's Agent
Ryan Garofalo
LPT Realty LLC
Buyer's Agent
Nicole Schoettler
Keller Williams Realty Navarre
List Price
$575,000
Sold Price
$554,000
Premium/Discount to List
-$21,000
-3.65%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,059
Avg. Annual Appreciation
-5.39%
Purchase Details
Closed on
Jun 16, 2021
Sold by
Durham Jack and Durham Jennie
Bought by
Ashabran Jason R and Ashabran Lori G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 29, 2018
Sold by
Pearlman Andy B
Bought by
Durham Jack and Durham Jennie
Purchase Details
Closed on
Feb 9, 2018
Sold by
Riley Kevin
Bought by
Pearlman Andy B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
3.99%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 13, 2012
Sold by
Crump Jeffrey Scott
Bought by
Riley Kevin
Purchase Details
Closed on
Aug 8, 2012
Sold by
Lisa Crump Llc
Bought by
Crump Jeffery Scott
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mejia Juan Andres | $554,000 | Mcneese Title | |
| Ashabran Jason R | $410,000 | Ketchersid Land & Title Llc | |
| Durham Jack | $262,000 | Provident Title Llc | |
| Pearlman Andy B | $203,000 | Provident Title Llc | |
| Riley Kevin | $165,000 | None Available | |
| Crump Jeffery Scott | $214,600 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ashabran Jason R | $307,500 | |
| Previous Owner | Pearlman Andy B | $123,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/01/2024 01/01/24 | Off Market | $554,000 | -- | -- |
| 10/02/2023 10/02/23 | Sold | $554,000 | -3.7% | $376 / Sq Ft |
| 09/15/2023 09/15/23 | Pending | -- | -- | -- |
| 09/08/2023 09/08/23 | For Sale | $575,000 | -- | $390 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $4,373 | $450,000 | -- | $450,000 |
| 2023 | $4,373 | $410,000 | $0 | $410,000 |
| 2022 | $3,603 | $299,000 | $0 | $299,000 |
| 2021 | $2,484 | $200,000 | $0 | $200,000 |
| 2020 | $2,415 | $193,000 | $0 | $193,000 |
| 2019 | $2,347 | $185,000 | $0 | $185,000 |
| 2018 | $2,202 | $171,500 | $0 | $0 |
| 2017 | $2,241 | $171,500 | $0 | $0 |
| 2016 | $2,182 | $168,000 | $0 | $0 |
| 2015 | $2,345 | $177,000 | $0 | $0 |
| 2014 | $2,374 | $177,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Garofalo
-
Nicole Schoettler
N
Buyer's Agent in 2023
Nicole Schoettler
Keller Williams Realty Navarre
(512) 216-3715
1 in this area
3 Total Sales
About The Palms of Destin
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 931853
APN: 00-2S-22-2312-0000-3105
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