$532,500
SOLD APR 1, 2025

48 Marina Cove Dr Unit 101 Niceville, FL 32578

Bluewater Bay Neighborhood
3 Beds
2 Baths
1,975 Sq Ft
$1,092/mo HOA Fee

Recently Sold

$270 Per Sq Ft

8% Below List Price

143 Days on Market

Highlights

  • Marina
  • Boat Dock
  • Fishing
  • Bluewater Elementary School Rated A-
  • Property Fronts a Bay or Harbor
  • Newly Painted Property

About This Home

As of April 2025

OFFERING A 2.75% VA Assumable Loan, this stunning 3 bedroom/2 bath condo provides an immediate, breathtaking view of the Bay upon entry. As an end unit, tranquility is assured. Whether you're lounging on your open porch or within the enclosed lanai, you can immerse yourself in the serene natural environment. The expansive views allow for watching sailboats and playful dolphins right from the comfort of your home. Plus, you have the convenience of paddleboarding, kayaking, or fishing directly from your community doc And don't worry if you don't catch your dinner, there is a great restaurant in the community that has delicious seafood dishes as well as nightly entertainment.. There is also a Marina on site where you can store your boat or rent one, and meet your friends over at the famous "Crab Island" in Destin. The Kitchen has granite countertops, and lots of storage. There is a separate dining area and so many windows. The sliding glass doors have also recently been replaced. With this beautiful beachy design you don't have to imagine being in a tropical place, because you are there. The master bedroom has a separate shower and garden soaking tub and a private toilet area. There is also access to the back patio right off of the master suite. One of the other two bedrooms is currently being used as an additional multi-purpose office/den and it has a very soothing atmosphere. The third bedroom is currently being used as a guest bedroom with a separate full bath. This could be your home away from home, your permanent home or a place that everyone wants to come and stay Don't miss your opportunity to see this beautiful place that could be your next home.

Last Agent to Sell the Property

Rebecca Day

Elevation Realty Inc License #3393590 Listed on: 09/26/2024

Last Buyer's Agent

Debbie Lewis

ERA American Real Estate License #617586

ERA American Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,725

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • Property Fronts a Bay or Harbor
  • Sprinkler System
  • Lawn Pump

HOA Fees

  • $1,092 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Newly Painted Property
  • Frame Construction
  • Composition Shingle Roof
  • Wood Trim

Interior Spaces

  • 1,975 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Living Room
  • Dining Area
  • Sun or Florida Room
  • Bay Views
  • Exterior Washer Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom
  • Garden Bath

Home Security

Outdoor Features

  • Docks
  • Open Patio

Schools

  • Bluewater Elementary School
  • Ruckel Middle School
  • Niceville High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 16-1S-22-0172-0000-1010

Community Details

Overview

  • Association fees include ground keeping, insurance, master, repairs/maintenance, sewer, water
  • Bay Villas Condos Subdivision

Recreation

  • Boat Dock
  • Marina
  • Fishing

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,725

Year Built

Built in 1983 | Remodeled

Lot Details

0

HOA Fees

$1,092 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: BAY VILLAS CONDOS
  • Directions: Coming down HWY 20 toward mid bay bridge, take a right on BAY Drive . Follow Bay Drive toward the Bluewater marina and take a left before you reach the marina at BAY Villa.
  • Architectural Style: N/A
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1983
  • Remarks Misc:Remarks: OFFERING A 2.75% VA Assumable Loan, this stunning 3 bedroom/2 bath condo provides an immediate, breathtaking view of the Bay upon entry. As an end unit, tranquility is assured. Whether you're lounging on your open porch or within the enclosed lanai, you can immerse yourself in the serene natural environment. The expansive views allow for watching sailboats and playful dolphins right from the comfort of your home. Plus, you have the convenience of paddleboarding, kayaking, or fishing directly from your community doc
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Waterfront:Bay: Yes
  • Waterview:Bay2: Yes
  • Rooms:Dining Area: Yes
  • Rooms:Sun Room: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Newly Painted, Washer/Dryer Hookup, Wet Bar
  • Stories: 3
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Newly Painted: Yes
  • Interior:Wet Bar: Yes

Exterior Features

  • View: Bay
  • Waterfront Features: Bay
  • Waterfront: Yes
  • Construction Type: Frame, Roof Composite Shngl, Slab, Trim Wood
  • Exterior Features: Dock, Lawn Pump, Patio Open, Renovated, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Sprinkler System: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes
  • ConstructionSiding:Trim Wood: Yes
  • Exterior:Dock: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage Detached
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Detached: Yes
  • Farm Info:Garage4: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Dock, Fishing, Marina, Pets Allowed, Waterfront
  • Association #2 Fee: 1092.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Insurance, Master Association, Repairs/Maintenance, Sewer, Water

Schools

  • Elementary School: Bluewater
  • High School: Niceville
  • Middle Or Junior School: Ruckel

Lot Info

  • Parcel #: 16-1S-22-0172-0000-1010
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3725.25
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Apr 1, 2025
Sold by
Majka Brian M and Majka Cheryl L
Bought by
Deborah E Schak Living Trust and Schak
Seller's Agent
Rebecca Day
Elevation Realty Inc
Buyer's Agent
Debbie Lewis
ERA American Real Estate
List Price
$579,900
Sold Price
$532,500
Premium/Discount to List
-$47,400
-8.17%
Views
62
Current Estimated Value
$519,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,751
Avg. Annual Appreciation
-3.72%

Purchase Details

Listed on
Jun 8, 2018
Closed on
Oct 5, 2018
Sold by
Mabry Donald C and Mabry Patsy B
Bought by
Majka Brian M and Majka Cheryl L
Seller's Agent
Jan Pollen
Coldwell Banker Realty
Buyer's Agent
- Ecn.rets.e2553
ecn.rets.RETS_OFFICE
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$402,870
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Apr 25, 2008
Sold by
Mabry Donald C
Bought by
Mabry Donald C and Mabry Patsy B

Purchase Details

Closed on
Mar 10, 2008
Sold by
Pursell Scott G and Pursell Esther A
Bought by
Mabry Donald C
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 Type Sale Price Title Company
Warranty Deed $532,500 Panhandle Title
Warranty Deed $390,000 Mcgill Escrow & Title
Interfamily Deed Transfer -- First Natl Land Title Co Inc
Warranty Deed $495,000 First National Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $402,870 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2025 04/01/25 Sold $532,500 -4.0% $270 / Sq Ft
02/16/2025 02/16/25 Pending -- -- --
01/08/2025 01/08/25 Price Changed $554,900 -1.8% $281 / Sq Ft
10/21/2024 10/21/24 Price Changed $564,900 -1.7% $286 / Sq Ft
10/09/2024 10/09/24 Price Changed $574,900 -0.9% $291 / Sq Ft
09/26/2024 09/26/24 For Sale $579,900 +48.7% $294 / Sq Ft
10/05/2018 10/05/18 Sold $390,000 0.0% $197 / Sq Ft View Prior Sale
08/06/2018 08/06/18 Pending -- -- --
06/08/2018 06/08/18 For Sale $390,000 -- $197 / 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
2024 $3,725 $354,567 -- --
2023 $3,725 $344,240 $0 $0
2022 $3,634 $334,214 $0 $0
2021 $3,627 $324,480 $0 $0
2020 $3,617 $320,000 $0 $320,000
2019 $3,601 $315,000 $0 $315,000
2018 $4,115 $314,000 $0 $0
2017 $4,183 $314,000 $0 $0
2016 $3,960 $299,000 $0 $0
2015 $3,961 $291,000 $0 $0
2014 $3,751 $272,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 959846

Emerald Coast Association of REALTORS®

APN: 16-1S-22-0172-0000-1010