NOT LISTED FOR SALE

4642 Paradise Isle Destin, FL 32541

Estimated Value: $2,315,524 - $2,497,000

5 Beds
5.5 Baths
3,913 Sq Ft
$622/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $1,875,000 $479 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $14,756/month

4 Days on Market

Highlights

  • Lake Front
  • Beach
  • Gated Community
  • Destin Elementary School Rated A-
  • Fishing
  • Deck

About This Home

As of November 2018

Modern elegance meets artful coastal contemporary design in this awe-inspiring beachside lake front residence newly completed in 2018 and ideally located two tiers off the Gulf of Mexico in the gated community of Destiny. This pristine contemporary retreat has been professionally designed, furnished and curated by Coastline Luxury Homes and has been masterfully configured featuring 5 bedrooms (including a pinterest-worthy oversized bunk room), 5 full ensuite bathrooms (3 of 5 bathrooms have double sinks) and a large open floor plan with clean lines and pristine lake vistas. This property is the perfect arrangement for a primary, secondary or rental focused end-use, economically designed for low maintenance living. The main entry is artfully arranged through an arabesque styled zaguan flanked by sizable custom built wooden 11 foot doors leading to a spacious open floor plan characterized by a wall of floor-to-ceiling windows spanning the South elevation allowing an abundance of natural light to cascade into the main living area perfectly framing a southwestern elevation defined by serene lake frontage, contemporary styling and gorgeous evening sunsets. The 18x30 fire rock paver flooring is consistent throughout the main floor straight through to the pool decking offering both durability and practicality for coastal living perfectly accentuating the sleek aesthetic through out the home. The designer kitchen is finely appointed and beautifully outfitted with floor to ceiling custom shaker cabinetry hand built by Amish craftsmen in Wisconsin, stainless steel appliances including a professional grade 6 burner thermador gas cooktop, Bosch dual convection ovens and hidden prep pantry complete with ample storage, a built-in wine cooler, sink and disposal. Dual custom-paneled full sized Thermador refrigerator & freezer allow for more than adequate fresh food storage. The kitchen also pairs utility with beautiful aesthetics including quartz countertops, a large island with a gourmet Kohler under-mount sink, 2 dishwashers, ice maker as well as ample storage in the adjoining hand crafted cabinetry. The home also has a whole house water filtration system. The sprawling rear patio which includes a bar area with outdoor refrigerator and sleek reflecting pool and adjoining spa are perfect for entertaining and features both covered and uncovered living space all of which is focused over the fabulous pool deck adorned accented with Brazilian hardwood which opens freely to the expansive lake views.

The Master suite occupies it's own private wing and features gorgeous decor, beautiful views over the pool & lake area through sleek floor to ceiling store-front glass, large walk-in closet with built in shelving as well as a spa like master bath complete with dual vanities, private water closet, free-standing soaking tub and large walk-in shower surrounded by a suspended glass enclosure, pebble flooring as well as floor to ceiling tiled accent walls. Other notable features of this property include: custom designer lighting, sleek distressed black hardwood flooring on the second level. Two of the three bedrooms upstairs have access to the back balcony that overlooks the lake. There is a security system with multiple surveillance zones, custom window treatments including electronic window shades in every room & exterior plantation shutters as well as a two-car garage with third golf cart stall. This home is the ideal property as it is fully transitional & highly functional as both a primary or secondary retreat as well as a top producing luxury vacation rental. Centrally located, this property is in very close proximity to beach access as well as the exclusive amenities offered in Destiny which include a private fitness facility, community clubhouse, large community pool & spa, professional tennis courts and proximity to world class shopping, dining and entertainment.

Last Agent to Sell the Property

Spears Group

Scenic Sotheby's International Realty Listed on: 10/01/2018

Last Buyer's Agent

Caleb Midgett

Scenic Sotheby's International Realty License #3125648

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,236

Year Built

  • Built in 2018

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 55x169
  • Lake Front
  • Property fronts a private road
  • Back Yard Fenced

HOA Fees

  • $167 Monthly HOA Fees

Parking

  • 2.5 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Contemporary Architecture
  • Newly Painted Property
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,913 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Shelving
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Great Room
  • Dining Area
  • Lake Views
  • Exterior Washer Dryer Hookup

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Self-Cleaning Oven
  • Gas Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Dressing Area
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0400-0000-0670

Community Details

Overview

  • Association fees include ground keeping, recreational faclty, security
  • Destiny S/D Subdivision
  • The community has rules related to covenants

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Community Whirlpool Spa
  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,236

Year Built

Built in 2018

Lot Details

0

HOA Fees

$167 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Lot Size: 55x169
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: DESTINY S/D
  • Directions: Once entering the gate of Destiny East from Scenic Hwy 98, take the 2nd left onto Paradise Isle and the home will be on your left.
  • Architectural Style: Contemporary
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2018
  • Remarks Misc:Remarks: Modern elegance meets artful coastal contemporary design in this awe-inspiring beachside lake front residence newly completed in 2018 and ideally located two tiers off the Gulf of Mexico in the gated community of Destiny. This pristine contemporary retreat has been professionally designed, furnished and curated by Coastline Luxury Homes and has been masterfully configured featuring 5 bedrooms (including a pinterest-worthy oversized bunk room), 5 full ensuite bathrooms (3 of 5 bathrooms have double sinks) and a large open floor plan with clean lines and pristine lake vistas. This property is the perfect arrangement for a primary, secondary or rental focused end-use, economically designed for low maintenance living.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Great Room: Yes
  • Waterfront:Lake: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Ice Machine, Microwave, Oven Continue Clean, Oven Double, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Gas, Wine Refrigerator
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Fireplace, Fireplace 2+, Fireplace Gas, Floor Hardwood, Floor Tile, Furnished - Some, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Shelving, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes
  • Appliances:Security System: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Shelving: Yes
  • Appliances:Oven Double: Yes
  • Interior:Fireplace: Yes
  • Appliances:Oven Continue Clean: Yes
  • Interior:Fireplace 2: Yes

Exterior Features

  • Lot Features: Covenants, Restrictions, Sidewalk, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Frame, Stucco
  • Exterior Features: Balcony, Deck Open, Fenced Back Yard, Fireplace, Patio Covered, Patio Open, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Deck Open: Yes
  • Exterior:Fenced Back Yard: Yes
  • Lot Features:Sidewalk: Yes
  • Exterior:Fireplace2: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.5
  • Parking Features: Garage, Oversized
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Rooms:Garage5: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Oversized: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Fishing, Gated Community, Picnic Area, Pool, Tennis, Whirlpool
  • Association #2 Fee: 2002.11
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Recreational Faclty, Security

Schools

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

Lot Info

  • Lot Size Sq Ft: 10454.4
  • Parcel #: 00-2S-22-0400-0000-0670
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2235.51
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2018
Closed on
Nov 21, 2018
Sold by
Muench Brad and Muench Patti
Bought by
4642 Paradise Isle Llc
Seller's Agent
Spears Group
Scenic Sotheby's International Realty
Buyer's Agent
Caleb Midgett
Scenic Sotheby's International Realty
List Price
$1,875,000
Sold Price
$1,875,000
Current Estimated Value
$2,433,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,508
Avg. Annual Appreciation
3.71%
Original Mortgage
$1,500,000
Outstanding Balance
$1,311,134
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,122,374

Purchase Details

Closed on
Dec 18, 2015
Sold by
Hohls Trevor and Hohls Jeanette
Bought by
Muench Brad and Muench Patti

Purchase Details

Closed on
Dec 13, 2013
Sold by
Vorbeck Gary A and Vorbeck Linda S
Bought by
Hohls Trevor and Hohls Jeanette

Purchase Details

Closed on
Jan 16, 2002
Sold by
Gunnerson Robert M and Gunnerson Mary Beth
Bought by
Vorbeck Gary A and Vorbeck Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.9%
Source: Public Records
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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
4642 Paradise Isle Llc $1,875,000 Mcneese Title Llc
Muench Brad $239,000 Mcneese Title Llc
Hohls Trevor $195,000 Aqua Title
Vorbeck Gary A $125,000 Chelsea Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4642 Paradise Isle Llc $1,500,000
Previous Owner Vorbeck Gary A $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2018 11/21/18 Sold $1,875,000 0.0% $479 / Sq Ft
10/05/2018 10/05/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $1,875,000 -- $479 / 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
2025 $22,369 $1,888,677 $644,715 $1,243,962
2024 $21,701 $2,144,667 $540,582 $1,604,085
2023 $21,701 $2,011,568 $374,234 $1,637,334
2022 $19,215 $1,702,553 $324,012 $1,378,541
2021 $16,949 $1,364,821 $280,816 $1,084,005
2020 $16,269 $1,300,316 $267,444 $1,032,872
2019 $16,431 $1,295,374 $267,444 $1,027,930
2018 $2,512 $203,300 $0 $0
2017 $2,236 $171,054 $0 $0
2016 $2,178 $167,700 $0 $0
2015 $2,096 $158,208 $0 $0
2014 $2,127 $158,604 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 808361

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0400-0000-0670