$5,250,000
SOLD JAN 2, 2025

492 W Park Place Ave Alys Beach, FL 32461

5 Beds
4.5 Baths
3,136 Sq Ft
0.29 Acres

Recently Sold

$1,674 Per Sq Ft

4% Below List Price

184 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Fishing
  • Deck
  • Bay Elementary School Rated A-
  • 0.29 Acre Lot
  • Beach House

About This Home

As of January 2025

This gulf-front home is all about location. It offers an excellent opportunity to rebuild or add on and create your own dream beach house. Occupying an almost quarter-acre lot, this exceptional five-bedroom property is nestled at the end of the street, boasting unrivaled privacy and seclusion. The emerald Gulf of Mexico laps the white sand just 50 feet from the driveway. With no HOA, there's ample space to dream big, expand, add a pool and carriage house, or even rebuild. The current floor plan includes two spacious open living spaces, one on each level. The second-floor living room has gleaming wood-look flooring and a wall of windows framing breathtaking beach and gulf views. Both levels have fully equipped kitchens, light and airy bedrooms, and modern bathrooms, making the home ideal for multigenerational families or larger groups to share. There are plenty of quiet nooks for reading and there's a large laundry room with lots of additional storage. The expansive upper deck provides the ultimate gathering place with panoramic gulf views from sunrise to sunset. The large backyard and shaded gazebo are designed for entertaining, barbecues and alfresco living just steps from the waves. Rosemary Beach and Alys Beach offer endless dining, boutique shopping and live entertainment nearby while Camp Helen State Park provides access to nature and watersports on nearby Lake Powell, a rare coastal dune lake.

Last Agent to Sell the Property

Dahler & Co.

Scenic Sotheby's International Realty Brokerage Email: dahlerandco@scenicsir.com Listed on: 06/02/2024

Scenic Sotheby's International Realty

Last Buyer's Agent

Brooke Kromer

Compass License #3471594

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,216

Year Built

  • Built in 1981

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 78x135
  • Property fronts gulf or ocean
  • Street terminates at a dead end

Parking

  • 1 Car Garage
  • Carport

Home Design

  • Beach House
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Tile Flooring
  • Gulf Views

Kitchen

  • Breakfast Bar
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Gazebo
  • Porch

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Heating and Cooling System
  • Water Tap Fee Is Paid
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 36-3S-18-16100-000-1813

Community Details

Overview

  • Inlet Beach Subdivision

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,216

Year Built

Built in 1981

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Lot Size: 78x135
  • Road Surface Type: Paved
  • Subdivision Name: INLET BEACH
  • Directions: Traveling East on Hwy 98 from the Rosemary Beach area turn South onto S. Orange St and right onto W. Park Place Ave. The home will at the end of the street on the right.
  • Architectural Style: Beach House
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1981
  • Attribution Contact: dahlerandco@scenicsir.com
  • Utilities Electric: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Utilities:Septic Tank: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Laundry2: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Floor Tile, Furnished - All, Window Treatment All
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • Lot Features: Dead End, Within 1/2 Mile to Water
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Roof Metal, Roof Shingle/Shake
  • Exterior Features: Deck Open, Pavillion/Gazebo, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Deck Open: Yes
  • ConstructionSiding:Roof ShingleShake: Yes
  • Lot Features:Dead End: Yes
  • Exterior:PavillionGazebo: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage, Carport
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Carport3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Water, Septic Tank, Tap Fee Paid

Condo/Co-op/Association

  • Community Features: Fishing, Pets Allowed

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 12632.4
  • Parcel #: 36-3S-18-16100-000-1813
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 29215.58
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2024
Closed on
Jan 2, 2025
Sold by
Patrick J Ranzieri Living Trust and Stacey H Ranzieri Living Trust
Bought by
Lippert Jason and Lippert Darla Hernandez
Seller's Agent
Dahler & Co.
Scenic Sotheby's International Realty
Buyer's Agent
Brooke Kromer
Compass
List Price
$5,495,000
Sold Price
$5,250,000
Premium/Discount to List
-$245,000
-4.46%
Views
95
Current Estimated Value
$5,300,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,660
Avg. Annual Appreciation
1.86%

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 19, 2021
Sold by
Harrell Helen Virginia Stapleton and Ronald E Harrell Revocable Tru
Bought by
Ranzieri Patrick J and Ranzieri Stacey H
Seller's Agent
Sam Notte
Rosemary Beach Realty LLC
Buyer's Agent
Beau Blankenship
Christies International Real Estate Emerald Coast
List Price
$4,500,000
Sold Price
$4,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.54%
Original Mortgage
$2,700,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2009
Sold by
Harrell Ronald E and Harrell Helen S
Bought by
Stapleton Harrell Ronald E and Stapleton Harrell Helen Virginia
Source: Public Records

Range of Values:

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Average Value
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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 $5,250,000 Attorneys Key Title
Warranty Deed $5,250,000 Attorneys Key Title
Warranty Deed $4,500,000 Attorney
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,700,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 Sold $5,250,000 -4.5% $1,674 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
06/02/2024 06/02/24 For Sale $5,495,000 +22.1% $1,752 / Sq Ft
07/16/2021 07/16/21 Sold $4,500,000 0.0% $1,435 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $4,500,000 -- $1,435 / 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 $29,216 $3,210,784 $2,829,068 $381,716
2023 $29,216 $3,215,308 $2,829,068 $386,240
2022 $28,158 $3,038,358 $2,695,626 $342,732
2021 $1,889 $233,331 $0 $0
2020 $1,920 $1,242,198 $1,006,567 $235,631
2019 $1,858 $224,935 $0 $0
2018 $1,824 $220,741 $0 $0
2017 $1,770 $216,201 $0 $0
2016 $1,743 $211,754 $0 $0
2015 $1,758 $210,282 $0 $0
2014 $1,767 $208,613 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 951282

Emerald Coast Association of REALTORS®

APN: 36-3S-18-16100-000-1813