NOT LISTED FOR SALE

4518 Luke Ave Destin, FL 32541

Destin Area

Estimated Value: $1,698,000 - $2,174,000

6 Beds
6.5 Baths
3,524 Sq Ft
$543/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2020

Last sale price $1,160,000 $329 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $10,248 / mo

6 Days on Market

Highlights

  • Gunite Pool
  • Primary Bedroom Suite
  • Beach House
  • Destin Elementary School Rated A-
  • Newly Painted Property
  • Main Floor Primary Bedroom

About This Home

As of August 2020

Investors take note! Built in 2019, 4518 Luke Ave is a 6 bedroom 6.5 bath 3328 square foot custom built beach house that was designed specifically to generate rental income for many years to come. A few of the key features that will keep guests coming back year after year are: open concept floor plan with multiple entertaining areas, each bedroom has its own full bath, over sized 14x30 salt water pool w/ spa and splash pad, ship lap walls, custom cabinetry, quartz counter tops, designer fans and lighting, sturdy laminate flooring, and over sized driveway which allows room for 6+ cars for parking. Additional upgrades include three zone irrigation system and Omni logic pool system which allows owner to easily manage pool conditions from app on smart phone. Located 2 blocks from the world's most beautiful beaches and less than 1/2 mile from Destin Commons, its easy to see why this home is an incredible income producer. Contact your agent today to arrange a private tour.

Last Agent to Sell the Property

John Tait

Tait Real Estate LLC License #3224074 Listed on: 06/24/2020

Last Buyer's Agent

Denise Greene

Scenic Sotheby's International Realty License #3255196

Scenic Sotheby's International Realty

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,493

Year Built

  • Built in 2019

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75x100
  • Back Yard Fenced
  • Sprinkler System
  • Lawn Pump

Parking

  • Oversized Parking

Home Design

  • Beach House
  • Newly Painted Property
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 3,524 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite

Laundry

  • Dryer
  • Washer

Pool

  • Gunite Pool
  • Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Crystal Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0580-0022-0110

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,493

Year Built

Built in 2019

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 75x100
  • Road Frontage Type: City Street
  • Subdivision Name: CRYSTAL BEACH
  • Directions: From the intersection of Hwy 98 and Crystal Beach Dr, head south on Crystal Beach Dr. Take a left on Luke Ave for 1.5 blocks and home will be your right.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2019
  • Remarks Misc:Remarks: Investors take note! Built in 2019, 4518 Luke Ave is a 6 bedroom 6.5 bath 3328 square foot custom built beach house that was designed specifically to generate rental income for many years to come. A few of the key features that will keep guests coming back year after year are: open concept floor plan with multiple entertaining areas, each bedroom has its own full bath, over sized 14x30 salt water pool w/ spa and splash pad, ship lap walls, custom cabinetry, quartz counter tops, designer fans and lighting, sturdy laminate flooring, and over sized driveway which allows room for 6+ cars for parking. Additional upgrades include three zone irrigation system and Omni logic pool system which allows owner to easily manage pool conditions from app on smart phone.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Energy:Heat Cntrl Gas: Yes
  • Energy:Water Heater - Gas: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Breakfast Bar, Floor Laminate, Floor Tile, Furnished - All, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Newly Painted: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Hot Tub, Lawn Pump, Patio Covered, Pool - Gunite Concrt, Pool - Heated, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Pool - Gunite Concrt: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Oversized, See Remarks
  • Parking Features:Oversized: Yes
  • Parking Features:See Remarks4: Yes

Utilities

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

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 00-2S-22-0580-0022-0110
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3493.31
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Nov 9, 2018
Sold by
Pena Orestes J and Pena Irma G
Bought by
Seller's Agent
Ron Henke
Lokation
Buyer's Agent
Ron Henke
ecn.unknownoffice
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$1,853,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,518,535
Avg. Annual Appreciation
24.99%

Purchase Details

Closed on
Dec 31, 2009
Sold by
Coldwater Court Llc
Bought by
Pena Orestes J and Pena Irma G

Purchase Details

Closed on
Jun 25, 2007
Sold by
Pena Orestes and Pena Irma G
Bought by
Coldwater Court Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Destin, FL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$335,000 Attorney
Pena Orestes J $187,500 H & S Title & Escrow Inc
Coldwater Court Llc $350,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $812,000
Previous Owner Coldwater Court Llc $1,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2020 08/11/20 Sold $1,160,000 0.0% $329 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $1,160,000 +246.3% $329 / Sq Ft
11/09/2018 11/09/18 Sold $335,000 0.0% -- View Prior Sale
10/24/2018 10/24/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $335,000 -- --
Source: Emerald Coast Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $844 $8,480
2024 $561 $5,670
2023 $567 $9,360 $940 $8,420
2022 $572 $5,760 $450 $5,310
2021 $589 $5,920 $460 $5,460
2020 $426 $5,500 $460 $5,040
2019 $427 $4,226 $215 $4,011
2018 $299 $3,302 $216 $3,086
2017 $302 $3,302 $216 $3,086
2016 $303 $3,340 $239 $3,101
2015 $302 $3,340 $239 $3,101
2014 $147 $3,236 $239 $2,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 848571

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0580-0022-0110

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