NOT LISTED FOR SALE

515 First Ave Destin, FL 32541

Estimated Value: $554,000 - $557,138

3 Beds
3 Baths
2,021 Sq Ft
$275/Sq Ft Est. Value

About This Home

AS-IS opportunity in a prime Destin location, just minutes from Destin HarborWalk Village, Destin's sugar-white beaches, and Eglin AFB. This property offers exceptional potential for buyers willing to look past current clutter and cosmetic needs. Photos are from a prior listing and do not reflect the home's present condition. The seller is actively in the process of moving out, and the home requires cleanup and updates. The floor plan is well suited for both everyday living and entertaining, featuring an open kitchen that flows into the main living area, plus a tiled rear sunroom with a bathroom that opens directly to the screened pool area--ideal for poolside gatherings. The primary suite includes an updated oversized walk-in tile shower, double vanity, and a spacious walk-in closet. A major highlight is the large detached garage/workshop, offering ample room for boats, RVs, or multiple vehicles, along with space for hobbies or storage. This structure also presents future potential for conversion into additional living space, office, or guest quarters (buyer to verify). Located near Joe's Bayou boat launch, this home delivers location, flexibility, and long-term upside for the right buyer.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2021
Sold by
Spear Russell G and Spear Jessica A
Bought by
Harrod Jimmy Joe
Current Estimated Value
$555,785

Purchase Details

Closed on
Jun 24, 2020
Sold by
Spear Russell G and Spear Jessica A
Bought by
Spear Russell G and Spear Jessica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2010
Sold by
Emerald Coast Home Options Llc
Bought by
Spear Russell G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.97%
Mortgage Type
VA

Purchase Details

Closed on
Apr 12, 2010
Sold by
Levesque Gerard E and Levesque Lori
Bought by
Emerald Coast Home Options Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.97%
Mortgage Type
VA

Purchase Details

Closed on
Jul 27, 2004
Sold by
Moore Gerald W and Moore Lori R
Bought by
Levesque Gerard E and Levesque Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,905
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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
Harrod Jimmy Joe $500,000 Old South Land Title
Spear Russell G $99,882 Williams Steven A
Spear Russell G $235,000 Old South Land Title Company
Emerald Coast Home Options Llc $151,700 Fatico
Levesque Gerard E $299,900 Mcgill Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spear Russell G $227,000
Previous Owner Spear Russell G $235,000
Previous Owner Levesque Gerard E $284,905
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2026 02/12/26 For Sale $560,000 -- $277 / Sq Ft

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 $5,317 $448,952 $145,583 $303,369
2024 $5,262 $460,135 $141,343 $318,792
2023 $5,262 $452,517 $132,096 $320,421
2022 $4,713 $391,108 $120,087 $271,021
2021 $1,880 $194,426 $0 $0
2020 $1,862 $191,742 $0 $0
2019 $1,835 $187,431 $0 $0
2018 $1,815 $183,936 $0 $0
2017 $1,800 $180,153 $0 $0
2016 $1,750 $176,448 $0 $0
2015 $1,775 $175,221 $0 $0
2014 $1,780 $173,830 $0 $0
Source: Public Records

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