NOT LISTED FOR SALE

4579 Luke Ave Destin, FL 32541

Estimated Value: $907,000 - $2,056,000

8 Beds
8 Baths
4,452 Sq Ft
$297/Sq Ft Est. Value

Last Sold October 03, 2017

Last sale price $1,039,000 $233 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,922/month

About This Home

As of October 2017

Extraordinary opportunity abounds in this outstanding income producing property located in the heart of Crystal Beach close to the white sand beaches and emerald green waters of the Gulf of Mexico. ''Drag-inn-fly has $145,000 on the books for 2017 and $46,000 for 2018 already! This property is masterfully configured as an expansive eight bedroom, eight bathroom duplex characterized by a massive recently completed 40'x18' private pool & spa as well as solid five star gross annual rental history exceeding $140,000 annually which includes partial long term owner-occupancy on half of the duplex and continual repeat customers. Notable features include a unique configuration of two side-by-side four bedroom, four bathroom units each complete with full kitchen private porches and balcony as well as ample indoor and outdoor living space, over-sized parking, irrigation well for optimal convenience, recently installed pool heater (2016) with manufacturer warranty, HVAC's are 3 years old with 10 year manufacturer warranty, solar water heaters, termite bonded, no HOA dues, not in COBRA zone and located in the preferred flood zone X. The private pool area is well-designed and features a playground, ample green space, incredible pool deck & water feature, grilling areas, outdoor showers and a covered outdoor cabana. This property has been extremely well maintained and conveys turn-key (excluding personal items) including a systematic rental process and multi—year documented rental history in place. Crystal Beach is centrally located in Destin, Florida with excellent proximity to world class beaches, the Regatta Bay golf club, Legendary Marina, shopping, dining and local entertainment.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2017
Closed on
Oct 2, 2017
Sold by
Sweeney Nicholas J and Sweeney Amber J
Bought by
Noonan Edward and Noonan Marilyn
Seller's Agent
Jonathan Spears
Compass
Buyer's Agent
Johnny Milan LLC
Scenic Real Estate
List Price
$1,039,000
Sold Price
$1,039,000
Current Estimated Value
$1,320,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,517
Avg. Annual Appreciation
3.03%
Original Mortgage
$831,200
Outstanding Balance
$452,293
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$868,224

Purchase Details

Listed on
Mar 1, 2012
Closed on
Apr 18, 2012
Sold by
Leonpacher Mary Elizabeth
Bought by
Sweeney Nicholas J and Sweeney Amber J
Seller's Agent
Robert Bonhardt
Keller Williams Realty Destin
Buyer's Agent
Lucy Sellers
RE/MAX Coastal Properties
List Price
$400,000
Sold Price
$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
19.10%
Original Mortgage
$385,700
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2008
Sold by
Walker Development Llc
Bought by
Havens Jason E and The Dirt 2008 Irrevocable Trust

Purchase Details

Closed on
Apr 15, 2005
Sold by
Walker David W and Walker Laura
Bought by
Walker Development Llc

Purchase Details

Closed on
May 31, 2004
Sold by
J Tashik Construction Corp
Bought by
Walker David W and Walker Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2001
Sold by
Cimbalo Debra L
Bought by
J Tashik Construction Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
8%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Noonan Edward $1,039,000 None Available
Sweeney Nicholas J $400,000 None Available
Havens Jason E -- Attorney
Walker Development Llc $520,000 --
Walker David W $575,000 Dba Advance Title
J Tashik Construction Corp $87,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noonan Edward $831,200
Previous Owner Sweeney Nicholas J $385,700
Previous Owner Walker David W $517,500
Previous Owner J Tashik Construction Corp $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2020 10/14/20 Off Market $1,039,000 -- --
06/23/2019 06/23/19 Off Market $400,000 -- --
10/03/2017 10/03/17 Sold $1,039,000 0.0% $233 / Sq Ft View Prior Sale
08/24/2017 08/24/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $1,039,000 +159.8% $233 / Sq Ft
04/18/2012 04/18/12 Sold $400,000 0.0% $90 / Sq Ft View Prior Sale
03/18/2012 03/18/12 Pending -- -- --
03/01/2012 03/01/12 For Sale $400,000 -- $90 / Sq Ft

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 $10,973 $984,750 $398,895 $585,855
2023 $10,973 $918,512 $372,450 $546,062
2022 $10,599 $879,553 $354,715 $524,838
2021 $10,670 $859,258 $308,448 $550,810
2020 $10,025 $801,231 $293,760 $507,471
2019 $10,008 $789,031 $293,760 $495,271
2018 $9,869 $768,613 $0 $0
2017 $4,312 $367,349 $0 $0
2016 $3,647 $317,447 $0 $0
2015 $3,696 $315,240 $0 $0
2014 $3,746 $315,444 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Spears

    Seller's Agent in 2017

    Jonathan Spears

    Compass

    (850) 974-1761

    1 in this area

    16 Total Sales

    Jonathan Spears
    Section Image

  • J

    Buyer's Agent in 2017

    Johnny Milan LLC

    Scenic Real Estate

    (850) 419-4311

    17 in this area

    67 Total Sales

    Johnny Milan LLC
    Section Image
  • Robert Bonhardt

    Seller's Agent in 2012

    Robert Bonhardt

    Keller Williams Realty Destin

    (850) 585-0585

    5 in this area

    11 Total Sales

    Robert Bonhardt
    Section Image

  • L

    Buyer's Agent in 2012

    Lucy Sellers

    RE/MAX Coastal Properties

See All Agents

Map

Florida Okaloosa County Destin 32541

4579 Luke Ave, Destin, FL

This home is located at 4579 Luke Ave, Destin, FL 32541 and is currently estimated at $1,320,517, approximately $296 per square foot. 4579 Luke Ave is a home located in Okaloosa County with nearby schools including Destin Elementary School, Destin Middle School, and Fort Walton Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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