NOT LISTED FOR SALE

48 Penelope St Miramar Beach, FL 32550

Estimated Value: $2,219,942 - $2,302,000

7 Beds
4.5 Baths
3,583 Sq Ft
$635/Sq Ft Est. Value

Sale Details

Date Sold: September 7, 2023

Last sale price $2,380,000 $664 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $13,321 / mo

Highlights

  • Deeded access to the beach
  • Heated In Ground Pool
  • Gated Community
  • Van R. Butler Elementary School Rated A-
  • Fishing
  • Contemporary Architecture

About This Home

As of September 2023

Added for Comp Purposes Only

Last Agent to Sell the Property

Jared Boswell

The Premier Property Group License #3432864 Listed on: 02/02/2023

Last Buyer's Agent

Elizabeth Boswell

The Premier Property Group License #3308737

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,112

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property is Fully Fenced
  • Privacy Fence
  • Sprinkler System

HOA Fees

  • $142 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 3,583 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Home Security System

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 7 Bedrooms

Outdoor Features

  • Heated In Ground Pool
  • Deeded access to the beach
  • Balcony

Schools

  • Van R Butler Elementary School
  • Destin Middle School
  • Destin High School

Utilities

  • Multiple cooling system units
  • Water Tap Fee Is Paid
  • Tankless Water Heater
  • Multiple Water Heaters
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 32-2S-21-42050-00F-0050

Community Details

Overview

  • 2Nd Add Frangista Beach Subdivision

Recreation

  • Community Pool
  • Fishing

Additional Features

  • Picnic Area
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,112

Year Built

Built in 2023 | Under Construction

Lot Details

4,792 Sq Ft Lot

HOA Fees

$142 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size: 50X100
  • Subdivision Name: 2nd Add Frangista Beach
  • Directions: From Scenic Hwy 98 heading East take Miami street to the gate at Frangista Beach, Penelope Street is the first street on the left.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2023
  • Remarks Misc:Remarks: Added for Comp Purposes Only
  • Utilities Electric: Yes
  • Appliances Refrigerators: Yes
  • Rooms:Living Room: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Energy:Water Heater - Two: Yes
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Freezer, Microwave, Range Hood, Refrigerator, Security System, Stove/Oven Gas
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Interior Amenities: Kitchen Island
  • Appliances Dishwasher: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Freezer: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Security System: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, Fenced Lot-All, Fenced Privacy, Pool - Heated, Pool - In-Ground, Sprinkler System
  • Property Condition: Under Construction
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Construction Status:Under Construction: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Fenced Lot-All: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Access, Fishing, Gated Community, Picnic Area, Pool
  • Association #2 Fee: 425.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Van R Butler
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 32-2S-21-42050-00F-0050
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1112.01
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Sep 6, 2023
Sold by
Jrj Properties Inc
Bought by
Dauntless Investments Llc
Seller's Agent
Jared Boswell
The Premier Property Group
Buyer's Agent
Elizabeth Boswell
The Premier Property Group
List Price
$2,250,000
Sold Price
$2,380,000
Premium/Discount to List
$130,000
5.78%
Views
3
Current Estimated Value
$2,276,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$103,764
Avg. Annual Appreciation
-1.73%
Original Mortgage
$1,904,000
Outstanding Balance
$1,860,614
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$415,622

Purchase Details

Closed on
Mar 17, 2022
Sold by
Jennifer Fortune
Bought by
Jrj Properties Inc

Purchase Details

Closed on
May 25, 2010
Sold by
First National Bank Of Florida
Bought by
Fortune Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,450
Interest Rate
5.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 18, 2009
Sold by
R & D Development Inc
Bought by
First National Bank Of Florida
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
Dauntless Investments Llc $2,380,000 Setco Services
Jrj Properties Inc $610,000 Setco Services
Jrj Properties Inc $610,000 Setco Services
Fortune Jennifer $111,000 Attorney
First National Bank Of Florida $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dauntless Investments Llc $1,904,000
Previous Owner Fortune Jennifer $105,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2023 09/07/23 Sold $2,380,000 +5.8% $664 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $2,250,000 -- $628 / 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 $11,034 $1,221,148 $400,000 $821,148
2023 $4,089 $450,000 $450,000 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 916186

Emerald Coast Association of REALTORS®

APN: 32-2S-21-42050-00F-0050

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