NOT LISTED FOR SALE

56 Terra Cotta Way Destin, FL 32541

Estimated Value: $1,457,000 - $1,773,000

5 Beds
3.5 Baths
3,832 Sq Ft
$422/Sq Ft Est. Value

Last Sold June 03, 2013

Last sale price $670,000 $175 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $9,677/month

58 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Bay View
  • Destin Elementary School Rated A-
  • Upgraded Media Wing
  • Marble Flooring

About This Home

As of June 2013

Located close to the Sugar White Beaches of the Emerald Coast, this AWESOME Beach House is a must to see!!!! As an owner in Terra Cotta Terrace, you can enjoy the many amenities that this neighborhood offers. These amenities include DEEDED BEACH ACCESS, A POOL, TENNIS COURTS, CLUB HOUSE and a VOLLEYBALL COURT. The subdivision of Terra Cotta Terrace is next to the gated communities of Destiny By The Sea and Destiny. The property is conveniently located near GREAT SHOPPING, DINING AND ENTERTAINMENT too!!! This architecturally unique Hard Stucco home has a covered balcony and a Roof Top Terrace. Relax on the Roof Top Terrace referred to as the ''Martini Deck'' while you experience breath-taking views of the GULF OF MEXICO, THE CHOCTAWHATCHEE BAY, and A NEARBY LAKE. The neighborhood Pool is only a few yards away and can be viewed from the covered balcony on the front of this Beach House. The spacious open floor plan is great for entertaining your family and friends. This Beach House will accommodate 2-3 families at a time. The large kitchen features custom wood cabinetry and granite counter tops. Some of the other features include: 3 AC/Heating units, 2 refrigerators and 2 washers and dryers. This well built home has surround-sound throughout, double insulated windows, a paging system, a monitored security system and hurricane shutters. Sellers are offering a 1 year home warranty from Old Republic. Buyer to verify all lot and home dimensions.

Last Agent to Sell the Property

Venita Brannon

Coldwell Banker Realty License #3140385 Listed on: 03/05/2013

Coldwell Banker Realty

Last Buyer's Agent

Hal Crane

Ocean Reef Realty Inc License #3041694

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,843

Year Built

  • Built in 2003

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 37x90
  • Back Yard Fenced
  • Sprinkler System
  • Lawn Pump

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Property Views

  • Bay
  • Gulf
  • Lake

Home Design

  • Beach House
  • Exterior Columns
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 3,832 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-in Bookshelves
  • Woodwork
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Great Room
  • Breakfast Room
  • Upgraded Media Wing
  • Sun or Florida Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring
  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2499-0000-0100

Community Details

Overview

  • Terra Cotta Terrace Subdivision
  • The community has rules related to covenants

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,843

Year Built

Built in 2003

Lot Details

0

HOA Fees

$155 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.09
  • Lot Size: 37X90
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: TERRA COTTA TERRACE
  • Directions: From the Destin Bridge, go east on Highway 98. After you pass the Commons Shopping Center, turn right on Regatta Bay Boulevard. Turn left onto Old Highway 98. Continue east on Old Hwy 98. You will pas
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2003
  • Utilities Electric: Yes
  • Utilities:Public Sewer: 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
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Bay2: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Breakfast Room: Yes
  • Energy:AC - 2 or More: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Great Room: Yes
  • Energy:Heat - Two or More: Yes
  • Rooms:Sun Room: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Security System, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Warranty Provided, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Built-In Bookcases, Fireplace, Floor Hardwood, Floor Marble, Floor Tile, Floor WW Carpet, Furnished - All, Owner's Closet, Pantry, Split Bedroom, Upgraded Media Wing, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:Warranty Provided: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Woodwork Painted: Yes
  • Appliances:Security System: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Fireplace: Yes
  • Interior:Floor Marble: Yes

Exterior Features

  • Lot Features: Covenants, Within 1/2 Mile to Water
  • View: Lake, Gulf, Bay
  • Construction Type: Roof Tile/Slate, Stucco
  • Exterior Features: Balcony, Columns, Fenced Back Yard, Hurricane Shutters, Lawn Pump, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Covenants: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Hurricane Shutters: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Columns: Yes
  • ConstructionSiding:Roof TileSlate: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Picnic Area, Pool
  • Association #2 Fee: 155.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 3920.4
  • Parcel #: 00-2S-22-2499-0000-0100
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2013
Closed on
Jun 3, 2013
Sold by
Lenzen Robert D and Lenzen Polly M
Bought by
Nguyen Anthony and Ho Minh
Seller's Agent
Venita Brannon
Coldwell Banker Realty
Buyer's Agent
Hal Crane
Ocean Reef Realty Inc
List Price
$670,000
Sold Price
$670,000
Current Estimated Value
$1,616,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$946,060
Avg. Annual Appreciation
7.60%
Original Mortgage
$410,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2011
Sold by
Lenzen Polly M and Lenzen Robert D
Bought by
Lenzen Polly M and Lenzen Robert D

Purchase Details

Closed on
Mar 28, 2007
Sold by
Lenzen Robert D and Lenzen Polly M
Bought by
Lenzen Polly M and Lenzen Robert N

Purchase Details

Closed on
Apr 24, 2005
Sold by
Lenzen Robert D and Lenzen Polly M
Bought by
Lenzen Polly M and Lenzen Robert D

Purchase Details

Closed on
May 17, 2004
Sold by
Gulf South Properties Inc
Bought by
Lenzen Robert D and Lenzen Polly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 4, 2004
Sold by
Mcdowell & Co Inc
Bought by
Gulf South Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 29, 2002
Sold by
Ros Nydia C
Bought by
Mcdowell & Company Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.5%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Nguyen Anthony $670,000 Attorney
Lenzen Polly M -- Attorney
Lenzen Polly M -- None Available
Lenzen Polly M -- First American Title Insuran
Lenzen Polly M -- --
Lenzen Robert D $925,000 H & S Title & Escrow Inc
Gulf South Properties Inc $351,900 --
Mcdowell & Company Inc $75,000 Associated Land Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nguyen Anthony $410,000
Previous Owner Lenzen Robert D $140,000
Previous Owner Lenzen Robert D $138,750
Previous Owner Lenzen Robert D $601,250
Previous Owner Mcdowell & Company Inc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2013 06/03/13 Sold $670,000 0.0% $175 / Sq Ft
05/02/2013 05/02/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $670,000 -- $175 / 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 $11,843 $1,167,873 $240,750 $927,123
2023 $11,843 $1,131,693 $225,000 $906,693
2022 $10,335 $932,327 $173,004 $759,323
2021 $8,955 $721,120 $149,940 $571,180
2020 $8,251 $659,491 $142,800 $516,691
2019 $7,824 $616,835 $142,800 $474,035
2018 $7,765 $604,702 $0 $0
2017 $7,567 $579,024 $0 $0
2016 $7,466 $574,770 $0 $0
2015 $7,306 $561,729 $0 $0
2014 $6,571 $490,009 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 592398

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2499-0000-0100