NOT LISTED FOR SALE

4775 Ocean Blvd Destin, FL 32541

Estimated Value: $1,682,000 - $2,378,000

5 Beds
6 Baths
4,146 Sq Ft
$519/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $1,300,000 $314 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $13,788/month

Highlights

  • Beach
  • Primary Bedroom Suite
  • Vaulted Ceiling
  • Destin Elementary School Rated A-
  • Gated Community
  • Mediterranean Architecture

About This Home

As of December 2020

With $148K plus in 2019 NET (Net of mgmt fees, VRBO fees, taxes, cleaning, etc.) rental income, this is a proven performer that produces returns that please even the most experienced investor. The owner has self-managed for many years and is willing to help buyer duplicate their success. Located just steps from the Gulf and strategically positioned on an oversized corner lot, ample space is available for the installation of a private pool. Over 1,500 sq ft of covered, wrap-around porches offer ocean views from the upper levels. This five bedroom home was constructed with an open floor plan, features an elevator and is being offered with the current furnishings. This property is featured within the exclusive Destiny by the Sea neighborhood, which is central to the heart of Destin. Visitors will find that World-Class shopping, dining, golfing, marina facilities as well as local entertainment can all be experienced within minutes of exiting the front door.

Last Agent to Sell the Property

Cindy Cole

Keller Williams Realty Destin License #no data Listed on: 10/22/2020

Keller Williams Realty Destin

Last Buyer's Agent

Spears Group

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 85 x 10 x 145 x 8 x 110
  • Property fronts a private road
  • Corner Lot

HOA Fees

  • $378 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Frame Construction
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4,146 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Partially Furnished
  • Shelving
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Plantation Shutters
  • Living Room
  • Dining Area
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

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 Air
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0075-0000-0760

Community Details

Overview

  • Association fees include accounting, ground keeping, management, master, recreational faclty, security
  • Destiny By The Sea Subdivision
  • The community has rules related to covenants

Amenities

  • Community Barbecue Grill
  • Recreation Room

Recreation

  • Beach
  • Community Playground
  • Community Pool
  • Community Whirlpool Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

5,227 Sq Ft Lot

HOA Fees

$378 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Lot Size: 85 X 10 X 145 X 8 X 110
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: DESTINY BY THE SEA
  • Directions: When you pass through the gate take a left onto Ocean Blvd. Go around to the first left. The property is the fourth house on the right on the corner.
  • Architectural Style: Mediterranean
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2001
  • Remarks Misc:Remarks: With $148K plus in 2019 NET (Net of mgmt fees, VRBO fees, taxes, cleaning, etc.) rental income, this is a proven performer that produces returns that please even the most experienced investor. The owner has self-managed for many years and is willing to help buyer duplicate their success. Located just steps from the Gulf and strategically positioned on an oversized corner lot, ample space is available for the installation of a private pool. Over 1,500 sq ft of covered, wrap-around porches offer ocean views from the upper levels. This five bedroom home was constructed with an open floor plan, features an elevator and is being offered with the current furnishings. This property is featured within the exclusive Destiny by the Sea neighborhood,
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace, Floor Tile, Furnished - Some, Kitchen Island, Lighting Recessed, Plantation Shutters, Shelving, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Shelving: Yes
  • Interior:Plantation Shutters: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • Lot Features: Corner, Covenants, Restrictions, Sidewalk, Survey Available, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Concrete, Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Patio Covered, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Lot Features:Survey Available: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • Lot Features:Sidewalk: Yes
  • Lot Features:Corner: Yes
  • Exterior:BBQ PitGrill: Yes
  • ConstructionSiding:Roof Concrete: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Gated Community, Playground, Pool, Waterfront, Whirlpool
  • Association #2 Fee: 1133.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Management, Master Association, Recreational Faclty, Security

Schools

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

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 00-2S-22-0075-0000-0760
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 3, 2020
Sold by
Neese Stephen Dean and Neese Michele Denise
Bought by
Cain Brian K and Cain Jennifer H
Seller's Agent
Cindy Cole
Keller Williams Realty Destin
Buyer's Agent
Spears Group
Scenic Sotheby's International Realty
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$2,152,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$852,348
Avg. Annual Appreciation
9.92%
Original Mortgage
$900,000
Outstanding Balance
$733,750
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$1,418,598

Purchase Details

Closed on
Dec 27, 2001
Sold by
Bass Alan H
Bought by
Neese Stephen Dean and Neese Michele Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
6.72%
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
Cain Brian K $1,300,000 Aqua Title Services
Neese Stephen Dean $760,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cain Brian K $900,000
Previous Owner Neese Stephen Dean $608,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2020 12/03/20 Sold $1,300,000 0.0% $314 / Sq Ft
10/22/2020 10/22/20 For Sale $1,300,000 -- $314 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
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 $22,908 $2,095,386 $1,051,686 $1,043,700
2024 $20,059 $2,216,868 $928,231 $1,288,637
2023 $20,059 $1,905,066 $642,596 $1,262,470
2022 $16,638 $1,494,935 $556,906 $938,029
2021 $14,474 $1,165,538 $482,661 $682,877
2020 $13,604 $1,087,306 $459,677 $627,629
2019 $13,486 $1,063,191 $459,677 $603,514
2018 $13,611 $1,060,030 $0 $0
2017 $13,292 $1,017,035 $0 $0
2016 $12,786 $984,340 $0 $0
2015 $12,617 $952,426 $0 $0
2014 $11,778 $878,226 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 854806

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0075-0000-0760

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