NOT LISTED FOR SALE

478 Captains Cir Destin, FL 32541

Estimated Value: $3,088,000 - $4,328,000

5 Beds
5 Baths
6,520 Sq Ft
$568/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $1,340,000 $206 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $21,050/month

156 Days on Market

Highlights

  • 105 Feet of Waterfront
  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • Destin Elementary School Rated A-
  • Bay View
  • 0.5 Acre Lot

About This Home

As of October 2015

Gorgeous location with 105 ft. of water frontage on the Choctawhatchee Bay! Home has raised ceilings, crown molding, columns and arches. Floors are Marble and hardwood. The kitchen is a Chef's delight. The back yard is also perfect for entertaining with covered patio, outdoor kitchen, in-ground pool and spa, and even a built in fire pit, all facing the bay! The master suite is also bay front and features walk in closet, separate shower, double vanity, jetted tub, and a separate sitting area. This home needs a some repairs to the master bath and flooring in the master bedroom. Gas is piped to the patio fire pit and the area for outdoor kitchen.

Last Agent to Sell the Property

Pat Gilbert

CRYSTAL SHORES 2 INC. License #3012739 Listed on: 04/11/2015

Last Buyer's Agent

Colin Kirkwood

Newman Dailey Resort Properties License #3225400

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,783

Year Built

  • Built in 2004

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 150x180
  • 105 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Coastal Barrier Zone
  • Interior Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Stucco

Interior Spaces

  • 6,520 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Sitting Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Bay Views
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Stove
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 5 Full Bathrooms
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Outdoor Features

  • In Ground Pool
  • Bulkhead
  • Balcony
  • Covered Patio or Porch
  • Outdoor Kitchen

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Multiple Water Heaters
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association
  • Blue Water Managment Association, Phone Number (850) 897-9400
  • Regatta Bay Ph 3 Subdivision
  • The community has rules related to covenants

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0515-0000-0290

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,783

Year Built

Built in 2004

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Detached Single Family
  • Design: Mediterranean
  • Legal Description: COMMODORE POINT S/D,LOT 29
  • List Type: Exclusive Right of Sale
  • Year Built: 2004
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Stove/Oven Gas
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Ceiling Tray/Cofferd, Fireplace, Floor Hardwood, Floor Tile, Kitchen Island, Pantry, Split Bedroom, Washer/Dryer Hookup, Wet Bar
  • Bedroom Location: First, Second
  • Lower Floor 1 Bedrooms: 5
  • Mstr Bdrm Mstr Bath: MBath Bidet, MBath Double Vanity, MBath Separate Shwr, MBath Whirlpool, MBed First Floor, MBed Sitting Area, MBed Walk-in Closet
  • Master Bedroom: First
  • Total Bathrooms: 5.00
  • Living Room: First
  • Estimated Heated Cooled Sq Ft: 6520.00
  • Dining Kitchen: First

Exterior Features

  • Pool Type: Private
  • Construction Siding: Slab, Stucco
  • New Construction: Construction Complete
  • Exterior: Balcony, Patio Covered, Pool - In-Ground, Porch, Summer Kitchen
  • Lot Features: Bulkhead/Seawall, Covenants, Interior
  • Pool: Yes
  • Waterfront: Bay
  • Waterfront Frontage: 105
  • Water View: Bay

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage Attached

Utilities

  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water

Condo/Co-op/Association

  • Management Company: Blue Water Managment
  • Association Management Contact: 850-897-9400

Fee Information

  • Assessment Fees: Yes
  • New Buyer Fee: Yes
  • New Buyer Fee Amt: 250.0000
  • New Buyer Fee Paid: $

Lot Info

  • Acreage: 0.50
  • Assessment Amount: 601.00
  • Lot Dimensions: 150x180
  • Lot Features Coastal Barrier Zone: Yes
  • Lot Parcel Access: Controlled Access, Paved Road
  • Assessor Parcel Number: 00-2S-22-0515-0000-0290
  • Zoning: Resid Single Family

Green Features

  • Energy Efficiency: AC - 2 or More, AC - Central Elect, Water Heater - Elect, Water Heater - Two +

Rental Info

  • Is Subject Leased: No

Tax Info

  • Last Taxes: 16782.85
  • Last Tax Year: 2014

Multi Family

  • Number Stories: 2.0
  • Occupancy Status: Vacant

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2015
Closed on
Sep 22, 2015
Sold by
Hsbc Bank Usa National Association
Bought by
Smith Jay H and Jay H Smith Living Trust
Seller's Agent
Pat Gilbert
CRYSTAL SHORES 2 INC.
Buyer's Agent
Colin Kirkwood
Newman Dailey Resort Properties
List Price
$1,925,000
Sold Price
$1,340,000
Premium/Discount to List
-$585,000
-30.39%
Current Estimated Value
$3,706,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,366,563
Avg. Annual Appreciation
10.38%

Purchase Details

Closed on
Feb 4, 2015
Sold by
Cottone Thomas E
Bought by
Hsbc Bank Usa National Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Jay H $1,340,000 First Intl Title-Lighthouse
Hsbc Bank Usa National Association $640,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2015 10/09/15 Sold $1,340,000 -30.4% $206 / Sq Ft
09/14/2015 09/14/15 Pending -- -- --
04/11/2015 04/11/15 For Sale $1,925,000 -- $295 / Sq Ft
Source: Navarre Area Board 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 $21,632 $2,094,527 -- --
2024 $20,613 $2,035,498 -- --
2023 $20,613 $1,976,212 $0 $0
2022 $20,199 $1,918,652 $0 $0
2021 $20,274 $1,862,769 $0 $0
2020 $20,159 $1,837,050 $0 $0
2019 $20,002 $1,795,748 $0 $0
2018 $19,892 $1,762,265 $0 $0
2017 $19,863 $1,726,019 $0 $0
2016 $18,762 $1,607,255 $0 $0
2015 $18,530 $1,538,217 $0 $0
2014 $16,783 $1,409,304 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Navarre Area Board of REALTORS®

MLS Number: 727337

Navarre Area Board of REALTORS®

APN: 00-2S-22-0515-0000-0290