4518 Olde Plantation Place Destin, FL 32541
5
Beds
5.5
Baths
7,027
Sq Ft
0.82
Acres
Highlights
- Docks
- Home fronts a seawall
- Heated In Ground Pool
- Destin Elementary School Rated A-
- Boat Slip
- Bayou View
About This Home
As of July 2025Finely appointed and beautifully remodeled with professional design by Duce & Co, this prestigious estate is located within the gates of Kelly Plantation and is the epitome of luxury living; the ultimate playground for water enthusiasts situated on 145 feet of majestic western facing bayou vistas featuring a newly built 80' state of the art deep water boat slip. Thoughtfully reimagined by Duce & Co, this regal residence boasts brilliant design details, an expansive open floor plan, and a custom-tailored dock featuring an 80-foot deep water boat slip with additional pontoon slip, as well as jet ski slips. With 145 feet of bayou frontage on wide, deep water, this home offers unparalleled access to Destin's vibrant waterways and the luckiest fishing village on earth! This rare opportunity combines elegance and functionality, situated on a lot graced with mature live oaks and magnolias, and newly installed tropical modern landscaping that accentuates its impressive architectural facade. From the moment of arrival, the stunning brick paver circular drive and porte-cochere set a tone of sophistication, leading to custom designed solid wood entry doors that open into a grand foyer with double height ceiling. Inside, the home's refined craftsmanship is immediately apparent, with soaring 23-foot ceilings in the living room, a dramatic newly minted solid marble fireplace, and an adjoining formal dining room perfect for hosting guests. The wood clad study/library exudes timeless charm with custom-built shelving.
The luxurious primary wing is a private retreat, featuring a spacious waterfront bedroom, two large walk-in closets, and a spa-inspired bath complete with a soaking tub, a large double vanity, a private water closet, and a walk-in shower. The heart of the home unfolds in the open concept living area, where a large casual dining space flows into the fully renovated chef's kitchen. The kitchen dazzles with custom cabinetry, gleaming stone countertops, an expansive breakfast bar, a walk-in pantry, and premium Viking appliances, including a gas cooktop and double dishwashers anchored in the oversized center island. Adjacent is the leisure room, where sliding glass pocket doors open at a 45-degree angle to seamlessly connect indoor and outdoor living.
Designed for entertaining and family living, the property includes two ensuite guest rooms on the main level, a generously sized laundry center, and a second-floor media room, complete with a 100" + big screen television and finely appointed luxury recliners. Upstairs, there are two additional ensuite bedrooms and a 12.5' x 29' heated and cooled storage room as well as a glass railed balcony for soaking in the bayou vistas at sunset. Throughout the home, exquisite touches abound, from deep crown molding and custom floors to designer lighting and thoughtful lighting detail & finishes, reflecting unparalleled attention to craft.
The outdoor living area is a private oasis, featuring a newly built summer kitchen, a massive resort style pool with a tranquil water feature, and a private dock equipped with boat slips and watercraft lifts. Designed to accommodate a large 80' vessel, the dock provides seamless access to the open bay just three lots away, making it a short ride to Crab Island, Destin Harbor, and the Gulf of Mexico.
For peace of mind, the property includes a generator access. Fully renovated, this home is a true masterpiece offering waterfront living at its finest.
If you're seeking an unparalleled combination of elegance, functionality, and access to world-class boating, golfing, white sand beaches as well as the world class restaurants and shopping nearby, this Kelly Plantation residence is your ultimate destination.
Reach out to us today for more information.
Last Agent to Sell the Property
Spears Group
Compass Listed on: 06/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $39,800
Year Built
- Built in 2007
Lot Details
- 0.82 Acre Lot
- Lot Dimensions are 135x288x145x268
- Home fronts a seawall
- Property Fronts a Bay or Harbor
- Property fronts a bayou
- Property fronts a private road
- Back Yard Fenced
HOA Fees
- $267 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Mediterranean Architecture
- Exterior Columns
- Slab Foundation
- Frame Construction
- Slate Roof
- Stucco
Interior Spaces
- 7,027 Sq Ft Home
- 2-Story Property
- Crown Molding
- Coffered Ceiling
- Tray Ceiling
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Gas Fireplace
- Entrance Foyer
- Family Room
- Living Room
- Breakfast Room
- Dining Room
- Home Office
- Loft
- Storage Room
- Tile Flooring
- Bayou Views
Kitchen
- Breakfast Bar
- Gas Oven or Range
- Microwave
- Ice Maker
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- En-Suite Primary Bedroom
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Garden Bath
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Heated In Ground Pool
- Bulkhead
- Boat Slip
- Docks
- Balcony
- Covered patio or porch
- Outdoor Kitchen
- Built-In Barbecue
Schools
- Destin Elementary And Middle School
- Destin High School
Utilities
- High Efficiency Air Conditioning
- Cable TV Available
Listing and Financial Details
- Minimum Rental Period
- Assessor Parcel Number 00-2S-22-1355-000F-0210
Community Details
Overview
- Association fees include ground keeping, land recreation, master, recreational faclty, security
- Kelly Plantation S/D Subdivision
- The community has rules related to covenants
Amenities
- Picnic Area
- Recreation Room
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2025
Closed on
Jul 9, 2025
Sold by
Lewis & Clark Ltd Llc
Bought by
Baldwin Will and Baldwin Jessica
Seller's Agent
Spears Group
Compass
Buyer's Agent
Dustin Cornwell
Dream Destin Realty PLLC
List Price
$5,999,000
Sold Price
$5,500,000
Premium/Discount to List
-$499,000
-8.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
822.97%
Purchase Details
Listed on
Apr 14, 2022
Closed on
May 27, 2022
Sold by
Adams Jimmie V and Adams Judy
Bought by
Lewis & Clark Ltd
Seller's Agent
Jason Pressly
Coldwell Banker Realty
Buyer's Agent
Jason Pressly
Coldwell Banker Realty
List Price
$3,800,000
Sold Price
$3,800,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.58%
Purchase Details
Listed on
Oct 13, 2016
Closed on
Mar 15, 2018
Sold by
Rigdon Charles W and Rigdon Tina J
Bought by
Adams Jimmy V and Adams Judy T
Seller's Agent
John Cook
Coldwell Banker Realty
Buyer's Agent
John Cook
Coldwell Banker Realty
List Price
$3,100,000
Sold Price
$3,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Purchase Details
Closed on
Jul 15, 2005
Sold by
Sawyer Ronald H and Sawyer Deborah R
Bought by
Rigdon Charles W and Rigdon Tina J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,305,000
Interest Rate
5.54%
Mortgage Type
Balloon
Purchase Details
Closed on
Jun 15, 2004
Sold by
The Graham Family Lp
Bought by
Sawyer Ronald H and Sawyer Deborah R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 26, 2002
Sold by
Graham Sybil L
Bought by
The Graham Family Ltd Partnership
Purchase Details
Closed on
Aug 10, 2000
Sold by
Wimberley Tom and Wimberley Leigh Anne
Bought by
Graham Sybil
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 |
|---|---|---|---|
| Warranty Deed | $5,500,000 | Emerald Coast Title Services | |
| Warranty Deed | $3,800,000 | None Listed On Document | |
| Warranty Deed | $3,100,000 | Attorney | |
| Warranty Deed | $1,855,000 | Mcneese Title Llc | |
| Warranty Deed | $1,250,000 | Mcneese Title Llc | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $600,000 | Advance Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,925,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $2,000,000 | Credit Line Revolving | |
| Previous Owner | $1,305,000 | Balloon | |
| Previous Owner | $1,125,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Sold | $5,500,000 | -8.3% | $783 / Sq Ft |
| 06/21/2025 06/21/25 | For Sale | $5,999,000 | 0.0% | $854 / Sq Ft |
| 06/13/2025 06/13/25 | Pending | -- | -- | -- |
| 06/12/2025 06/12/25 | For Sale | $5,999,000 | +57.9% | $854 / Sq Ft |
| 05/27/2022 05/27/22 | Sold | $3,800,000 | 0.0% | $541 / Sq Ft |
| 05/04/2022 05/04/22 | Pending | -- | -- | -- |
| 04/14/2022 04/14/22 | For Sale | $3,800,000 | +22.6% | $541 / Sq Ft |
| 03/15/2018 03/15/18 | Sold | $3,100,000 | 0.0% | $441 / Sq Ft |
| 02/02/2018 02/02/18 | Pending | -- | -- | -- |
| 10/13/2016 10/13/16 | For Sale | $3,100,000 | -- | $441 / 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 | $39,800 | $3,796,393 | $1,404,357 | $2,392,036 |
| 2023 | $39,800 | $3,744,041 | $1,404,356 | $2,339,685 |
| 2022 | $23,471 | $2,223,441 | $0 | $0 |
| 2021 | $23,560 | $2,158,681 | $0 | $0 |
| 2020 | $23,426 | $2,128,877 | $0 | $0 |
| 2019 | $23,245 | $2,081,014 | $0 | $0 |
| 2018 | $17,003 | $1,511,552 | $0 | $0 |
| 2017 | $16,977 | $1,480,462 | $0 | $0 |
| 2016 | $16,516 | $1,450,012 | $0 | $0 |
| 2015 | $16,926 | $1,439,932 | $0 | $0 |
| 2014 | $17,017 | $1,428,504 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
S
Seller's Agent in 2025
Spears Group
Compass
-
D
Buyer's Agent in 2025
Dustin Cornwell
Dream Destin Realty PLLC
-
J
Seller's Agent in 2022
Jason Pressly
Coldwell Banker Realty
-
J
Seller's Agent in 2018
John Cook
Coldwell Banker Realty
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 978618
APN: 00-2S-22-1355-000F-0210
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