S
Seller's Agent in 2021
Spears Group
Scenic Sotheby's International Realty
64 Cobia St Destin, FL 32541
Estimated Value: $2,489,346 - $2,810,000
6
Beds
4.5
Baths
4,307
Sq Ft
$615/Sq Ft
Est. Value
Highlights
- Beach
- In Ground Pool
- Maid or Guest Quarters
- Destin Elementary School Rated A-
- Gulf View
- Covered Deck
About This Home
As of July 2021''The White Whale'' is an iconic coastal retreat located in the heart of Destin's Crystal Beach Neighborhood and prominently positioned on a corner lot, one tier off of the Gulf of Mexico adjacent to excellent beach access. Recently renovated and beautifully designed, this compound oasis has over $236,000 in rental income currently booked for 2021. Notable features include a sizable main house offering exceptional gulf views and open breezeways as well as spacious bedroom suites and a functional open floor-plan and oversized living areas which are ideal for entertaining. In between the main home and the carriage house is a heated resort style pool area with an adjoining sun deck and outdoor entertaining space. Other notable features include ample parking as well as a separate carriage house that is outfitted to accommodate additional guests and serve as an extension of the main house. This rental machine offers a consistent historic income exceeding $200,000+ annually and is being sold turn-key with coastal, designer furnishings throughout. Crystal Beach is one of Destin's most coveted districts offering close proximity to world class restaurants, boutique shopping, Whole Foods grocery, golf courses and Legendary Marina.
Last Agent to Sell the Property
Spears Group
Scenic Sotheby's International Realty Listed on: 05/25/2021
Co-Listed By
Scott Markowitz
The Premier Property Group Watercolor Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,577
Year Built
- Built in 1993
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50x150
- Partially Fenced Property
- Corner Lot
- Level Lot
- Sprinkler System
- Lawn Pump
Home Design
- Beach House
- Exterior Columns
- Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 4,307 Sq Ft Home
- 3-Story Property
- Wet Bar
- Furnished
- Built-in Bookshelves
- Crown Molding
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Fireplace
- Window Treatments
- Bay Window
- Family Room
- Dining Room
- Gulf Views
- Fire and Smoke Detector
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Gas Oven or Range
- Self-Cleaning Oven
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- Built-In Bunk Beds
- Split Bedroom Floorplan
- En-Suite Primary Bedroom
- Dressing Area
- Maid or Guest Quarters
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Parking
- Converted Garage
- Oversized Parking
- Automatic Garage Door Opener
Outdoor Features
- In Ground Pool
- Balcony
- Covered Deck
- Covered Patio or Porch
- Built-In Barbecue
Additional Homes
- Dwelling with Separate Living Area
Schools
- Destin Elementary And Middle School
- Fort Walton Beach High School
Utilities
- High Efficiency Air Conditioning
- Central Air
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-0580-0006-0060
Community Details
Overview
- Crystal Beach Subdivision
Recreation
- Beach
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 25, 2021
Closed on
Jul 30, 2021
Sold by
Cash Pak Investments Llc
Bought by
Red Eagle Capital Llc
Seller's Agent
Spears Group
Scenic Sotheby's International Realty
Buyer's Agent
MATT GARDNER
EXP Realty LLC
List Price
$2,100,000
Sold Price
$2,100,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,587
Avg. Annual Appreciation
5.34%
Original Mortgage
$1,575,000
Outstanding Balance
$1,422,034
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,227,553
Purchase Details
Closed on
May 28, 2020
Sold by
Mollohan Stacey A and Mollohan Amy Beckenhauer
Bought by
Cash Pak Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 6, 2017
Closed on
May 16, 2017
Sold by
64 Cobia Llc
Bought by
Mollohan Stacey A and Mollohan Amy Beckenhauer
Seller's Agent
Wanda Pitts
Keller Williams Realty SRB
Buyer's Agent
Lauren Staggs
Christies International Real Estate Emerald Coast
List Price
$1,100,000
Sold Price
$1,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.66%
Original Mortgage
$1,000,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 5, 2010
Sold by
Siegele Terry Ray and Siegele Nadine
Bought by
64 Cobia Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 14, 2000
Sold by
Eisenlau George W and Eisenlau E D
Bought by
Siegele Terry Ray and Siegele Nadine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.88%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Red Eagle Capital Llc | $2,100,000 | Bright Line Title Llc | |
| Cash Pak Investments Llc | $1,350,000 | Aqua Title Services | |
| Mollohan Stacey A | $1,100,000 | None Available | |
| 64 Cobia Llc | $875,000 | Attorney | |
| Siegele Terry Ray | $525,000 | Advance Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Red Eagle Capital Llc | $1,575,000 | |
| Previous Owner | Cash Pak Investments Llc | $1,080,000 | |
| Previous Owner | Mollohan Stacey A | $1,000,000 | |
| Previous Owner | 64 Cobia Llc | $475,000 | |
| Previous Owner | Siegele Terry Ray | $420,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/30/2021 07/30/21 | Sold | $2,100,000 | 0.0% | $488 / Sq Ft | |
| 06/06/2021 06/06/21 | Pending | -- | -- | -- | |
| 05/25/2021 05/25/21 | For Sale | $2,100,000 | +90.9% | $488 / Sq Ft | |
| 05/16/2017 05/16/17 | Sold | $1,100,000 | 0.0% | $255 / Sq Ft | View Prior Sale |
| 03/25/2017 03/25/17 | Pending | -- | -- | -- | |
| 03/06/2017 03/06/17 | For Sale | $1,100,000 | -- | $255 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $23,121 | $1,952,217 | $679,541 | $1,272,676 |
| 2024 | $21,485 | $1,979,507 | $659,749 | $1,319,758 |
| 2023 | $21,485 | $1,908,422 | $616,587 | $1,291,835 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Seller Co-Listing Agent in 2021
Scott Markowitz
The Premier Property Group Watercolor Office
-
MATT GARDNER
Buyer's Agent in 2021
MATT GARDNER
EXP Realty LLC
(724) 513-6012
33 in this area
263 Total Sales
-
Wanda Pitts
W
Seller's Agent in 2017
Wanda Pitts
Keller Williams Realty SRB
(850) 259-9001
3 in this area
49 Total Sales
-
J
Seller Co-Listing Agent in 2017
Jim Pitts
Keller Williams Realty SRB
-
Lauren Staggs
Buyer's Agent in 2017
Lauren Staggs
Christies International Real Estate Emerald Coast
(850) 699-8358
3 in this area
80 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 872608
APN: 00-2S-22-0580-0006-0060
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