NOT LISTED FOR SALE

58 Terra Cotta Way Destin, FL 32541

Estimated Value: $743,000 - $1,188,000

3 Beds
3 Baths
1,890 Sq Ft
$498/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $577,432 $306 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,828/month

2 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Newly Painted Property
  • Destin Elementary School Rated A-
  • Gulf View
  • Vaulted Ceiling

About This Home

As of January 2021

Welcome to Aqua Terra! This is by far the best buy at the Beach! This 3 bedroom, 3 bathroom, 1890 sqft established vacation rental home with its very own private pool! See Matterport 3d tour. New pool heater! Located in Terra Cotta Terrace a highly desirable community with deeded beach access to the magical Gulf of Mexico. This mediterranean style home is designed so everyone has plenty of space. Home is sold fully furnished, with a golf cart and has produced $60K a year in rental income year after year. The exterior of the home was just painted. Community features include a swimming pool, a volleyball area, tennis courts, fitness center and a clubhouse. Priced to sell, this property is both a great investment or your second home -- make an appointment to view before it's gone. Sleeps 10. See 'Cost To Own' in documents. Property sold as-is, with right to inspect.

Last Agent to Sell the Property

Ginny Deptula

Real Broker LLC License #3022297 Listed on: 12/21/2020

Last Buyer's Agent

Kyle Hock

RealJoy Realty LLC License #3411723

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,056

Year Built

  • Built in 1993

Lot Details

  • Lot Dimensions are 42x95
  • Interior Lot

HOA Fees

  • $170 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Home Design

  • Florida Architecture
  • Newly Painted Property
  • Frame Construction
  • Slate Roof
  • Stucco Exterior Insulation and Finish Systems
  • Slate

Interior Spaces

  • 1,890 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-in Bookshelves
  • Woodwork
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Great Room
  • Utility Room
  • Exterior Washer Dryer Hookup
  • Gulf Views
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms
  • Cultured Marble Bathroom Countertops
  • Garden Bath

Outdoor Features

  • Deeded access to the beach
  • Lock
  • Balcony
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2499-0000-0110

Community Details

Overview

  • Association fees include recreational faclty
  • Terra Cotta Terrace Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,056

Year Built

Built in 1993

Lot Details

0

HOA Fees

$170 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 42X95
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: TERRA COTTA TERRACE
  • Directions: EAST ON OLD HIGHWAY 98, PAST DESTINY ON THE LEFT (NORTH) IS TERRA COTTA WAY. HOUSE IS ON THE LEFT.
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1993
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Great Room: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Basement Unfinished, Built-In Bookcases, Ceiling Crwn Molding, Ceiling Raised, Fireplace, Floor Tile, Floor WW Carpet, Furnished - All, Lock Out, Newly Painted, Split Bedroom, Washer/Dryer Hookup, Woodwork Painted
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Newly Painted: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Fireplace: Yes
  • Interior:Basement Unfinished: Yes

Exterior Features

  • Lot Features: Interior, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Frame, Roof Tile/Slate, Siding EIFS, Stucco
  • Exterior Features: Balcony, Patio Covered, Porch
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Interior: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding EIFS: Yes
  • ConstructionSiding:Roof TileSlate: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Rooms:Garage5: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Pool, Tennis
  • Association #2 Fee: 170.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Recreational Faclty

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2499-0000-0110
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2020
Closed on
Jan 29, 2021
Sold by
Scali Richard F and Scali Deborah L
Bought by
Kindred Kirk L and Kindred Jennifer A
Seller's Agent
Ginny Deptula
Real Broker LLC
Buyer's Agent
Kyle Hock
RealJoy Realty LLC
List Price
$577,432
Sold Price
$577,432
Current Estimated Value
$940,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,205
Avg. Annual Appreciation
11.33%
Original Mortgage
$461,945
Outstanding Balance
$413,890
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$538,446

Purchase Details

Closed on
Nov 29, 2006
Sold by
Pritchard Kathleen A and Sides Marilyn E
Bought by
Scali Richard E and Scali Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 13, 2003
Sold by
Sides Pritchard Investments Inc
Bought by
Pritchard Kathleen A and Sides Marilyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2000
Sold by
Sundance Homes Inc
Bought by
Sides Pritchard Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.05%
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
Kindred Kirk L $577,500 Championship Title Agcy Llc
Scali Richard E $500,000 Choctaw Title Inc
Pritchard Kathleen A -- --
Sides Pritchard Investments Inc $247,000 Emerald Coast Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kindred Kirk L $461,945
Previous Owner Scali Richard E $500,000
Previous Owner Pritchard Kathleen A $215,000
Previous Owner Sides Pritchard Investments Inc $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Off Market $577,432 -- --
01/29/2021 01/29/21 Sold $577,432 0.0% $306 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $577,432 -- $306 / 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 $8,056 $745,004 $240,750 $504,254
2023 $8,056 $718,611 $225,000 $493,611
2022 $6,978 $579,051 $173,004 $406,047
2021 $5,414 $459,284 $149,940 $309,344
2020 $4,715 $376,867 $142,800 $234,067
2019 $4,540 $357,939 $142,800 $215,139
2018 $4,495 $350,099 $0 $0
2017 $4,162 $318,496 $0 $0
2016 $4,103 $315,909 $0 $0
2015 $3,855 $291,926 $0 $0
2014 $3,533 $263,436 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 861231

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2499-0000-0110