4300 Breakwater Dr Destin, FL 32541
8
Beds
9
Baths
12,601
Sq Ft
1.8
Acres
Highlights
- Property Fronts a Bay or Harbor
- Main Floor Primary Bedroom
- Home Office
- Destin Elementary School Rated A-
- Tuscan Architecture
- Home Gym
About This Home
As of February 2016***ABSOLUTE AUCTION through Grand Estates Auction Company WITH NO MINIMUM RESERVE ON JUNE 12, 2013*** INQUIRE FOR FURTHER DETAILS AND BID REGISTRATION FORM*** Welcome to Torretta...Destin, Florida's Most Prestigious Waterfront Estate! Torretta is of a spectacular Tuscan Villa style that is truly a work of art! Situated on indisputably the finest bay-front lot in all of Destin, the sprawling 1.8 acre estate is located in the exclusive gated neighborhood of Waterford in Kelly Plantation and is a masterpiece beyond compare, with over 410' of water frontage on the Choctawhatchee Bay and Jones Bayou. Custom built to exact specifications using the finest of materials and the very latest in technology, this estate is the epitome of elegance and sophistication. A brick-paved motor court leads to the dramatic arched limestone entrance, flanked by two lion sculptures and iron Cantera doors. The grand foyer has dual stairways, each with hand-forged railings complementing the styling of the front doors, and allows for direct views through to the expansive pool pavilion with the ultimate backdrop; the serene bay waters! The first level features an open, inviting floor plan that is perfect for entertaining. A formal living and formal dining room flank the grand foyer. The dining room opens to a large wet bar with commercial grade 3' x 5' walk-in cooler and the family/casual dining area/kitchen. A round floor-to-ceiling saltwater aquarium is just one amazing focal point of this magnificent space. The gourmet kitchen would please the fussiest cook, with plenty of custom cabinetry, professional-grade stainless appliances, and gleaming granite counters. Just beyond the family room and visible from the kitchen is the home theater room, featuring stadium seating and 113' wide screen. The luxurious master wing has a large bedroom with three plasma televisions mounted to the ceiling over the bed, a waterfront sitting area, a fireplace, a sumptuous bath with a sunken, two-person Jacuzzi tub, a large walk-in shower, double vanities, and two very large walk-in closets. Two additional bedroom suites are on the first level, as well as an exercise room. Take the stairs or the elevator to the second level to find three additional bedroom suites, a wet bar and adjoining den, a spa room, a large storage room, two offices with a private entrance, and a large balcony overlooking the bay and pool area. Step outside on the first level to a tropical oasis, with a beach-entry pool, a fountain with swim-up bar, and a lanai with summer kitchen and fireplace--all screen enclosed and with one of the most spectacular views! Stacking sliding glass doors open from the family room, formal dining room, and living room onto the lanai, expanding the living and entertaining space. There are two garages; the north garage can accommodate six cars, while the south can accommodate three. In addition to the main house, a guest house over the north garage has two bedrooms, a full kitchen and living area, and a private entrance. So much thought went into each and every detail of this magnificent home! Finely appointed throughout with ruffled travertine floors, alderwood doors, hardwood floors, trayed ceilings, dome and hand painted ceilings, and faux finishes. Also includes heated pet rooms with doggie doors, a commercial-grade sprinkler system, a geo-thermal heating and cooling system, smart house wiring so that the touch of a button can change the lighting, pull up the weather forecast, or to tune in on a favorite style of music on keypads throughout the home, and much more! Of course, the grounds feature lush landscaping, as well as a boat dock with slips. A property of this caliber is a rarity and will certainly be admired by discriminating ownership that demands the finest detail money can buy! Please click the main image to view additional images and specifications. Buyer(s) must verify the accuracy of all features and specifications.
Last Agent to Sell the Property
- Ecn.rets.e9369
ecn.rets.RETS_OFFICE Listed on: 10/03/2012
Last Buyer's Agent
Non Member
Inactive
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $52,388
Year Built
- Built in 2006
Lot Details
- 1.8 Acre Lot
- Lot Dimensions are 324.34x410x283.78
- Property Fronts a Bay or Harbor
- Property fronts a bayou
HOA Fees
- $265 Monthly HOA Fees
Parking
- 9 Car Garage
Property Views
- Bay
- Bayou
Home Design
- Tuscan Architecture
Interior Spaces
- 12,601 Sq Ft Home
- 3-Story Property
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Home Office
- Home Gym
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
Schools
- Destin Elementary And Middle School
- Fort Walton Beach High School
Utilities
- Multiple cooling system units
- Underground Utilities
- Phone Available
- Cable TV Available
Community Details
- Kelly Plantation S/D Subdivision
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-1002-0000-0070
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 2017
Sold by
Howard Margarita U
Bought by
Howard Margarita U and Revocable Living Trust Agreeme
Purchase Details
Closed on
Feb 13, 2017
Sold by
Ocean 5 Developmenet Llc
Bought by
Howard Margarita U
Purchase Details
Listed on
Dec 27, 2015
Closed on
Feb 23, 2016
Sold by
Breakwater Drive Llc
Bought by
Ocean 5 Development Llc
Seller's Agent
- Ecn.rets.e9369
ecn.rets.RETS_OFFICE
Buyer's Agent
Kevin Bethea
Realty House Commercial Prop
List Price
$3,855,000
Sold Price
$3,855,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$2,698,500
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 3, 2012
Closed on
Jul 11, 2013
Sold by
Adams Ron and Adams Joy G
Bought by
Breatwater Drive Llc
Seller's Agent
- Ecn.rets.e9369
ecn.rets.RETS_OFFICE
Buyer's Agent
Non Member
Inactive
List Price
$4,400,000
Sold Price
$4,400,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.92%
Original Mortgage
$3,080,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 15, 2002
Sold by
Kelly Plantation Partners
Bought by
Adams Ron and Adams Joy G
Similar Homes in Destin, FL
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $38,550,000 | None Available | |
| Warranty Deed | $4,400,000 | Attorney | |
| Warranty Deed | $1,050,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,698,500 | Purchase Money Mortgage | |
| Previous Owner | $3,080,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $750,000 | Unknown | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $14,995,000 | +0.3% | $987 / Sq Ft |
| 07/11/2025 07/11/25 | Price Changed | $14,950,000 | -0.3% | $984 / Sq Ft |
| 06/21/2025 06/21/25 | Price Changed | $14,995,000 | 0.0% | $987 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $15,000,000 | -25.0% | $987 / Sq Ft |
| 08/16/2024 08/16/24 | For Sale | $20,000,000 | +418.8% | $1,316 / Sq Ft |
| 02/23/2016 02/23/16 | Sold | $3,855,000 | 0.0% | $276 / Sq Ft |
| 01/13/2016 01/13/16 | Pending | -- | -- | -- |
| 12/27/2015 12/27/15 | For Sale | $3,855,000 | -12.4% | $276 / Sq Ft |
| 07/11/2013 07/11/13 | Sold | $4,400,000 | 0.0% | $349 / Sq Ft |
| 06/12/2013 06/12/13 | Pending | -- | -- | -- |
| 10/03/2012 10/03/12 | For Sale | $4,400,000 | -- | $349 / 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 | $52,388 | $5,119,451 | -- | -- |
| 2023 | $52,388 | $4,970,341 | $0 | $0 |
| 2022 | $51,351 | $4,825,574 | $0 | $0 |
| 2021 | $51,552 | $4,685,023 | $0 | $0 |
| 2020 | $51,264 | $4,620,338 | $1,415,880 | $3,204,458 |
| 2019 | $51,403 | $4,521,558 | $1,315,595 | $3,205,963 |
| 2018 | $49,987 | $4,337,430 | $0 | $0 |
| 2017 | $44,897 | $3,820,047 | $0 | $0 |
| 2016 | $43,275 | $3,707,159 | $0 | $0 |
| 2015 | $47,909 | $3,976,972 | $0 | $0 |
| 2014 | $45,099 | $3,693,666 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2024
- Ecn.rets.e9369
ecn.rets.RETS_OFFICE
-
Rachael Earley
Seller Co-Listing Agent in 2024
Rachael Earley
Somers & Company
(850) 225-6478
248 Total Sales
-
Kevin Bethea
Buyer's Agent in 2016
Kevin Bethea
Realty House Commercial Prop
(850) 244-9118
43 Total Sales
-
N
Buyer's Agent in 2013
Non Member
Inactive
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 584900
APN: 00-2S-22-1002-0000-0070
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