NOT LISTED FOR SALE

47 Tranquility Ln Destin, FL 32541

Estimated Value: $2,326,067 - $2,371,000

6 Beds
6.5 Baths
4,355 Sq Ft
$540/Sq Ft Est. Value

Last Sold October 27, 2021

Last sale price $2,245,000 $515 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $14,293/month

3 Days on Market

Highlights

  • Deeded access to the beach
  • Heated In Ground Pool
  • Gated Community
  • Destin Elementary School Rated A-
  • Fishing
  • Recreation Room

About This Home

As of October 2021

47 Tranquility Lane is a sprawling, six bedroom beach home that has impressive short term rental projections, is prominently located on a large spacious corner lot, and is just steps from the Gulf of Mexico in the prestigious Destiny neighgorhood. Gross annual rental projections exceed $250,000+. Enjoy family fun in your PRIVATE HEATED POOL with waterfall and hot tub after a perfect day at the beach! This gorgeous newer FULLY FURNISHED custom home comes complete with all decor, and is one of only four homes with DEEDED BEACH ACCESS. Notable features include an ELEVATOR providing easy access to all three stories, large two car garage, covered porches on each floor spanning the width of the home, and fire pit. The first level offers two bedrooms and a large game room. The second level features an open floor plan with a spacious chefs kitchen complete with stainless appliances and countertops. The second level also offers a large master suite complete with ensuite bathroom offering dual vanities, soaking tub and walk-in shower. The third level offers an additional three bedroom suites including a second master with fully equipped ensuite. Destiny is a gated community adjacent to the Gulf of Mexico flanked by coastal lakes and features tennis courts, gorgeous community grounds & pool area, entertaining space, and centrally located near world class shopping, dining & entertainment. The neighborhood is golf cart friendly so drive yours to the beach or out to dinner. Located on pedestrian friendly Scenic 98, you can walk down to the beach to catch a sunset or take a relaxing bike ride.

Last Agent to Sell the Property

Tim Shepard

Destin Real Estate License #3048016 Listed on: 09/11/2021

Last Buyer's Agent

Andrea Farrell

Prudential Premier Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,644

Year Built

  • Built in 2016

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 65.4x180.955
  • Back Yard Fenced
  • Corner Lot
  • Level Lot
  • Sprinkler System

HOA Fees

  • $233 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Beach House
  • Frame Construction
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4,355 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Dining Room
  • Recreation Room
  • Exterior Washer Dryer Hookup

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Home Security

  • Home Security System
  • Storm Windows
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Deeded access to the beach

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • High Efficiency Air Conditioning
  • Multiple cooling system units
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0072-0000-0490

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing

Additional Features

  • Community Barbecue Grill
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,644

Year Built

Built in 2016

Lot Details

0

HOA Fees

$233 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 65.4x180.955
  • Road Frontage Type: City Street
  • Subdivision Name: DESTINY EAST S/D
  • Directions: Scenic 98 to Destiny East subdivision. Take a right on Tranquility Lane after passing through the gate. Home will be on the corner on your left.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2016
  • Remarks Misc:Remarks: 47 Tranquility Lane is a sprawling, six bedroom beach home that has impressive short term rental projections, is prominently located on a large spacious corner lot, and is just steps from the Gulf of Mexico in the prestigious Destiny neighgorhood. Gross annual rental projections exceed $250,000+. Enjoy family fun in your PRIVATE HEATED POOL with waterfall and hot tub after a perfect day at the beach! This gorgeous newer FULLY FURNISHED custom home comes complete with all decor, and is one of only four homes with DEEDED BEACH ACCESS. Notable features include an ELEVATOR providing easy access to all three stories, large two car garage, covered porches on each floor spanning the width of the home, and fire pit. The first level offers two bedrooms and a large game room. The second level
  • Utilities Electric: Yes
  • Appliances Refrigerators: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Foyer: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Energy:Storm Windows: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Gas
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Ceiling Crwn Molding, Ceiling Tray/Cofferd, Ceiling Vaulted, Floor Hardwood, Floor Tile, Kitchen Island, Washer/Dryer Hookup
  • Window Features: Storm Window(s)
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Security System: Yes
  • Interior:Ceiling TrayCofferd: Yes

Exterior Features

  • Lot Features: Corner, Covenants, Curb & Gutter, Level, Sidewalk
  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Concrete, Slab, Stucco
  • Exterior Features: Fenced Back Yard, Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Level: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Covenants: Yes
  • ConstructionSiding:Stucco: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Pool - In-Ground: Yes
  • Lot Features:Sidewalk: Yes
  • Lot Features:Corner: Yes
  • Lot Features:Curb Gutter: Yes
  • ConstructionSiding:Roof Concrete: Yes
  • Exterior:Pool - Gunite Concrt: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Rooms:Garage5: Yes

Utilities

  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Utilities: Community Sewer, Electric, Gas - Natural, Phone, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Deed Access, Exercise Room, Fishing, Gated Community, Pets Allowed, Pool, Tennis
  • Association #2 Fee: 700.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Management, Recreational Faclty, Security

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 00-2S-22-0072-0000-0490
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12644.14
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2021
Closed on
Oct 27, 2021
Sold by
47 Tranquility Llc
Bought by
Nne Property Llc
Seller's Agent
Tim Shepard
Destin Real Estate
Buyer's Agent
Andrea Farrell
Prudential Premier Properties
List Price
$2,245,000
Sold Price
$2,245,000
Current Estimated Value
$2,353,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,267
Avg. Annual Appreciation
1.11%
Original Mortgage
$1,863,750
Outstanding Balance
$1,556,431
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$796,836

Purchase Details

Closed on
Sep 15, 2016
Sold by
Walker Property Investments Llc
Bought by
47 Tranquility Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,019,200
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2015
Sold by
Saxton Johnnie E and Saxton Kimberly Ann
Bought by
Walker Property Investments Llc

Purchase Details

Closed on
Aug 31, 2004
Sold by
Giesler Danny Ray and Shaw Angela Teresa
Bought by
Saxton Johnnie E and Saxton Kimberly Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2004
Sold by
Giesler Danny Ray
Bought by
Shaw Angela Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2003
Sold by
Giesler Elizabeth Marina
Bought by
Giesler Danny Ray
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nne Property Llc $2,245,000 Attorney
47 Tranquility Llc $1,274,000 Mcneese Title Inc
Walker Property Investments Llc $300,000 Mcneese Title Llc
Saxton Johnnie E $550,000 --
Shaw Angela Teresa $25,500 --
Giesler Danny Ray $25,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nne Property Llc $1,863,750
Previous Owner 47 Tranquility Llc $1,019,200
Previous Owner Saxton Johnnie E $467,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2021 10/27/21 Sold $2,245,000 0.0% $515 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/11/2021 09/11/21 For Sale $2,245,000 -- $515 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $22,074 $1,863,788 $444,938 $1,418,850
2024 $22,763 $2,178,328 $431,978 $1,746,350
2023 $22,763 $2,007,534 $299,050 $1,708,484
2022 $19,929 $1,653,713 $271,864 $1,381,849
2021 $13,545 $1,090,720 $235,620 $855,100
2020 $12,644 $1,010,569 $224,400 $786,169
2019 $12,435 $980,366 $224,400 $755,966
2018 $12,577 $979,484 $0 $0
2017 $12,396 $948,460 $0 $0
2016 $2,575 $198,220 $0 $0
2015 $2,055 $170,000 $0 $0
2014 $1,670 $124,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 881540

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0072-0000-0490