NOT LISTED FOR SALE

59 Monaco St Miramar Beach, FL 32550

Estimated Value: $1,143,601 - $1,668,000

5 Beds
4.5 Baths
2,769 Sq Ft
$540/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $775,000 $280 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $8,985/month

179 Days on Market

Highlights

  • Lake Front
  • Beach
  • Covered Deck
  • Van R. Butler Elementary School Rated A-
  • Gulf View
  • Beach House

About This Home

As of August 2018

Own a beach home and a business too. Seller will transfer all rentals at no commission cost to you. $90k in 2017 rental income. Fresh and current coastal cottage with Gulf and lake views, 4 stories of breezy balconies, and updated design finishes in the tropical community of Crescent Beach Cottages. It takes only a minute to walk to the private beach access with no roads to cross in between. This 4-story home is distinguished by its generous outdoor space. Each floor and every bedroom enjoys its own balcony or deck. Natural elements, light-filled spaces, and neutral palettes give this home an effortless coastal charm. With bold granite countertops, stainless steel appliances, a large pass-through bar, and plenty of workspace, the u-shaped kitchen is designed for both form and function. Crescent Beach Cottages features lush, palm-lined streets, 2 community pools with a hot tub, game room, fitness center, beach access, and close proximity to shopping and dining.

Last Agent to Sell the Property

Cindy Cole

Keller Williams Realty Destin License #3210066 Listed on: 01/18/2018

Keller Williams Realty Destin

Last Buyer's Agent

Jay Agnew

Re/Max Beaches License #3161497

Re/Max Beaches

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,227

Year Built

  • Built in 2003

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 45 x 213
  • Lake Front

HOA Fees

  • $517 Monthly HOA Fees

Property Views

  • Gulf
  • Lake

Home Design

  • Beach House
  • Off Grade Structure
  • Floor Insulation
  • Roof Vent Fans
  • Built-Up Roof
  • Metal Roof
  • Vinyl Trim
  • Cement Board or Planked

Interior Spaces

  • 2,769 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Woodwork
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Living Room
  • Dining Area
  • Loft
  • Exterior Washer Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Cultured Marble Bathroom Countertops
  • Shower Only in Primary Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Doors

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Covered Deck
  • Porch

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • High Efficiency Air Conditioning
  • Multiple cooling system units
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • Private Company Owned Well
  • Well
  • Multiple Water Heaters
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33-2S-21-42172-000-0020

Community Details

Overview

  • Association fees include accounting, management, recreational faclty
  • Crescent Beach Cottages Subdivision
  • The community has rules related to covenants

Amenities

  • Game Room
  • Recreation Room

Recreation

  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,227

Year Built

Built in 2003

Lot Details

0

HOA Fees

$517 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Lot Size: 45 X 213
  • Road Surface Type: Paved
  • Subdivision Name: Crescent Beach Cottages
  • Directions: Take Hwy 98 W to the traffic light at the intersection of 98W & Scenic Gulf Dr. (Chik-filet on the left) and turn left. Go past the neighborhood of Shipwatch and take the next left, Monaco St. The house will be on your left.
  • Architectural Style: Beach House
  • New Construction: No
  • Efficiency: Doors
  • Building Stories: 3
  • Year Built: 2003
  • 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
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Energy:Heat High Efficiency: Yes
  • Utilities:Private Well: Yes
  • Appliances Microwave: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Rooms:Loft: Yes
  • Waterview:Lake2: Yes
  • Energy:Roof Vent: Yes
  • Waterfront:Lake: Yes
  • Energy:Insulated Floors: Yes
  • Energy:Water Heater - Two: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Floor Hardwood, Floor Tile, Furnished - All, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Woodwork Painted: Yes
  • Appliances:Security System: Yes

Exterior Features

  • Lot Features: Covenants, Restrictions
  • View: Lake, Gulf
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Foundation Off Grade, Roof Built-Up, Roof Metal, Siding CmntFbrHrdBrd, Trim Vinyl
  • Exterior Features: Balcony, Deck Covered, Deck Open, Porch Open, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Trim Vinyl: Yes
  • Exterior:Deck Open: Yes
  • Exterior:Porch Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • ConstructionSiding:Roof Built-Up: Yes
  • ConstructionSiding:Foundation Off Grade: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach, Community Room, Game Room, Pool
  • Association #2 Fee: 1550.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Management, Recreational Faclty

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Parcel #: 33-2S-21-42172-000-0020
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2019
Sold by
Patil Abhitabh
Bought by
Meghana Patil Llc
Current Estimated Value
$1,495,400

Purchase Details

Listed on
Jan 18, 2018
Closed on
Aug 31, 2018
Sold by
Hughes Francis and Hughes Cathy
Bought by
Patil Abhitabh
Seller's Agent
Cindy Cole
Keller Williams Realty Destin
Buyer's Agent
Jay Agnew
Re/Max Beaches
List Price
$775,000
Sold Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$650,000
Outstanding Balance
$400,255
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,095,145

Purchase Details

Closed on
Apr 28, 2004
Sold by
Lecrone A Craig
Bought by
Hughes Francis and Hughes Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 12, 2001
Sold by
Carr Sharon L
Bought by
Lecrone A Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
7.11%

Purchase Details

Closed on
May 17, 2001
Sold by
55 Monaco Llc
Bought by
Carr Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
7.11%
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 Buyer Sale Price Title Company
Meghana Patil Llc -- Accommodation
Patil Abhitabh $775,000 Attorney
Hughes Francis $775,000 Southern Escrow & Title Llc
Lecrone A Craig $189,000 --
Carr Sharon L $167,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patil Abhitabh $650,000
Previous Owner Hughes Francis $581,250
Previous Owner Lecrone A Craig $151,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Off Market $775,000 -- --
08/31/2018 08/31/18 Sold $775,000 0.0% $280 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $775,000 -- $280 / 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 $7,227 $873,031 $250,000 $623,031
2023 $7,227 $755,114 $0 $0
2022 $6,838 $795,020 $233,940 $561,080
2021 $6,041 $624,061 $204,618 $419,443
2020 $5,906 $591,644 $187,200 $404,444
2019 $5,730 $576,969 $180,000 $396,969
2018 $5,013 $502,755 $0 $0
2017 $4,972 $501,694 $104,046 $397,648
2016 $4,977 $497,332 $0 $0
2015 $4,857 $477,873 $0 $0
2014 $4,919 $477,167 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 789950

Emerald Coast Association of REALTORS®

APN: 33-2S-21-42172-000-0020