NOT LISTED FOR SALE

The Palms of Destin 4205 Indian Bayou Trail Unit 3108 Destin, FL 32541

Estimated Value: $463,000 - $530,000

2 Beds
2 Baths
1,473 Sq Ft
$1,220/mo HOA Fee

Last Sold December 14, 2022

Last sale price $600,000 $407 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $4,259/month

41 Days on Market

Highlights

  • Heated In Ground Pool
  • Covered Patio or Porch
  • Gazebo
  • Destin Elementary School Rated A-
  • Walk-In Pantry
  • Detached Garage

About This Home

As of December 2022

One of only 14 Exclusive Poolside Villas, the Villa Cabanas are the ideal vacation rentals with its poolside location on the 11,000 sqft Lagoon Pool Deck! Guests love these villas. 1473 sq ft of open concept walk in/ walk out double sliding doors, Nestled alongside tropical landscaping, with lagoon pool views. 5 Star Amenities. Restaurant, coffee house, good vibes bar, Indoor & outdoor pickle ball, Tennis Courts, Basketball, Gym, multiple pools, hot tub, Walkable to Ruth Chris, Bubba Gump's, Joe's Crab Shack, 790 on the Gulf, and Walmart, and a few minutes to Destin Commons shopping. All utilities are included in the Qtrly COA payments.
Separate Laundry room, Ex-Large Master Suite with On suite Bath, All New LPV flooring has just been installed. Similar villas have made over $85K. 5 Star Resort Amenities; The Palms has an onsite Coffee House, Restaurant, Tiki Bar, and night club. Enjoy State of the Art Gym, New Grill area Across from Destin's Morgan sports complex with walking trails, Disc Golf, and Destin's favorite dog park, Walkable to Ruth Chris, Bubba Gump's, Joe's Crab Shack, 790 on the Gulf, and Walmart, and a few minutes to Destin Commons shopping. All utilities are included in the Qtrly COA payments. This unit just had all new LVP flooring installed.

Last Agent to Sell the Property

Angela Lemke

Bastion Realty LLC License #3468190 Listed on: 09/23/2022

Last Buyer's Agent

Brian Burgett

Dream Destin Realty PLLC License #3487475

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,484

Year Built

  • Built in 2007

Lot Details

  • Sprinkler System

HOA Fees

  • $1,220 Monthly HOA Fees

Parking

  • Detached Garage

Home Design

  • Flat Roof Shape
  • Flat Roof with Façade front
  • Concrete Siding

Interior Spaces

  • 1,473 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Living Room
  • Home Security System

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Covered Patio or Porch
  • Gazebo
  • Built-In Barbecue

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2312-0000-3108

Community Details

Overview

  • Association fees include accounting, electricity, ground keeping, internet service, land recreation, master, utilities, recreational faclty, security, sewer, telephone, water, cable TV, trash
  • 14 Buildings
  • 14 Units
  • The Palms Of Destin Subdivision

Amenities

  • Community Barbecue Grill
  • Community Pavilion
  • Elevator

Recreation

  • Community Playground
  • Community Whirlpool Spa

Security

  • Building Fire Alarm
  • Storm Windows
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,484

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,220 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: THE PALMS OF DESTIN
  • Directions: Take Emerald Coast Parkway to the Corner of Indian Bayou Trl, Resort located on the Corner, 1 blk from Beach, Unit is a Pool Side Cabana unit, Enter through the West Tower and proceed out to the pool
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2007
  • 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
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Laundry2: Yes
  • Energy:Storm Windows: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 14
  • Appliances: Cooktop, Dishwasher, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Smooth Stovetop Rnge, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Elevator, Floor Laminate, Floor Tile, Furnished - Some, Owner's Closet, Pantry, Split Bedroom, Washer/Dryer Hookup
  • Stories: 1
  • Window Features: Storm Window(s)
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:Security System: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Concrete, Block, Roof Flat
  • Exterior Features: BBQ Pit/Grill, Patio Covered, Patio Open, Pavillion/Gazebo, Pool - Heated, Pool - In-Ground, Sprinkler System, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Block: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:PavillionGazebo: Yes
  • Exterior:Tennis Court: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Detached
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Detached: 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: BBQ Pit/Grill, Elevators, Exercise Room, Pavillion/Gazebo, Playground, Tennis, TV Cable, Whirlpool
  • Association #2 Fee: 3659.65
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Electricity, Ground Keeping, Internet Service, Land Recreation, Master Association, Other Utilities, Recreational Faclty, Security, Sewer, Telephone, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2312-0000-3108
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 14

Tax Info

  • Tax Annual Amount: 2483.63
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Dec 13, 2022
Sold by
Wolf Karen Lynn
Bought by
Tyv Properties Llc
Seller's Agent
Angela Lemke
Bastion Realty LLC
Buyer's Agent
Brian Burgett
Dream Destin Realty PLLC
List Price
$639,900
Sold Price
$600,000
Premium/Discount to List
-$39,900
-6.24%
Current Estimated Value
$502,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,384
Avg. Annual Appreciation
-5.98%
Original Mortgage
$400,000
Outstanding Balance
$385,752
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$116,864

Purchase Details

Closed on
May 21, 2021
Sold by
Schaefer Charles E and Wolf Karen Lynn
Bought by
Schaefer Charles E and Wolf Karen Lynn

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 17, 2020
Sold by
Drb Development Llc
Bought by
Schaefer Charles E and Wolf Karen Lynn
Seller's Agent
Amy Berry
The Agency Northwest Florida Beaches
Buyer's Agent
Al Mader
Compass
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.07%
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
Tyv Properties Llc $600,000 Emerald Coast Title Services
Schaefer Charles E -- Attorney
Schaefer Charles E $245,000 Mcgill Escrow And Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tyv Properties Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2022 12/14/22 Sold $600,000 -6.2% $407 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $639,900 +161.2% $434 / Sq Ft
09/17/2020 09/17/20 Sold $245,000 0.0% $166 / Sq Ft View Prior Sale
08/24/2020 08/24/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $245,000 -- $166 / 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 $4,898 $450,000 -- $450,000
2023 $4,898 $410,000 $0 $410,000
2022 $3,134 $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

  • Angela Lemke

    Seller's Agent in 2022

    Angela Lemke

    Bastion Realty LLC

    (850) 377-1174

    42 in this area

    51 Total Sales

    Angela Lemke
    Section Image
  • Brian Burgett

    Buyer's Agent in 2022

    Brian Burgett

    Dream Destin Realty PLLC

    (515) 473-0962

    50 in this area

    77 Total Sales

    Brian Burgett
    Section Image
  • Amy Berry

    Seller's Agent in 2020

    Amy Berry

    The Agency Northwest Florida Beaches

    (850) 830-2000

    22 in this area

    120 Total Sales

    Amy Berry
    Section Image
  • Lisa Collier

    Seller Co-Listing Agent in 2020

    Lisa Collier

    The Agency Northwest Florida Beaches

    (850) 259-1745

    22 in this area

    132 Total Sales

    Lisa Collier
    Section Image
  • Al Mader

    Buyer's Agent in 2020

    Al Mader

    Compass

    (850) 428-4928

    1 in this area

    44 Total Sales

    Al Mader
    Section Image
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About The Palms of Destin

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 908779

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2312-0000-3108

Florida Okaloosa County Destin 32541

4205 Indian Bayou Trail Unit 3108, Destin, FL

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