NOT LISTED FOR SALE

68 Rue Caribe Miramar Beach, FL 32550

Estimated Value: $1,206,853 - $1,690,000

4 Beds
4 Baths
2,430 Sq Ft
$622/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $758,000 $312 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $8,983/month

51 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Florida Architecture
  • Van R. Butler Elementary School Rated A-
  • Gated Community
  • Wood Flooring

About This Home

As of August 2017

Exemplary coastal construction newly completed and prominently positioned within the gated, beach-front neighborhood of Caribe. Characterized by charming cottage-style architectural details such as covered porches and low maintenance hardi-board siding, this four bedroom four bath residence epitomizes coastal living with easy deeded beach access and excellent investment opportunity highlighted by $80,000 in gross annual projected income. Notable features include a spacious single-car garage, 10' ceilings, durable hardwood flooring throughout the living areas, designer fixtures including ship-lap accents all accentuating the well-designed open floor plan. The first level is anchored by an open living / dining room concept with a well appointed chef's kitchen complete with custom cabinetry, stainless appliances including a 36" wolf range, large center island all topped with honed Carrera marble countertops. The first level also features ample covered outdoor space, spacious laundry room as well as a full bedroom suite complete with ensuite bathroom. The second level allows for three additional bedroom suites each offering a full bathroom. The master suite is a true retreat with generous proportions, walk-in closet, ship-lap accents and a gorgeous ensuite bathroom outfitted with honed Carrera marble topped dual vanities, free standing soaking tub, private water closet and a large walk-in shower highlighted by a frameless glass surround. Caribe is primely located South of Highway 98, quietly nestled between Destin and Sandestin, in the center of some of the areas best dining and shopping, including Silver Sands Premium Outlets located less than a mile away. Caribe offers extraordinary amenities including two deeded beach access points, two community pools, tennis court, fishing pier, well maintained common areas and a private security guard.

Last Agent to Sell the Property

Jonathan Spears

Compass License #3231352 Listed on: 05/19/2017

Compass

Last Buyer's Agent

Lane Warren

Keller Williams Success Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,626

Year Built

  • Built in 2017

Lot Details

  • Lot Dimensions are 50x95
  • Property fronts a private road
  • Sprinkler System

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Oversized Parking

Home Design

  • Florida Architecture
  • Frame Construction
  • Metal Roof
  • Wood Trim
  • Cement Board or Planked

Interior Spaces

  • 2,430 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Dining Room
  • Storage Room

Kitchen

  • Walk-In Pantry
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Laundry Room
  • Exterior Washer Dryer Hookup

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Air
  • Air Source Heat Pump
  • Underground Utilities
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-2S-21-42800-000-0050

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, legal, management, master, security, trash
  • Caribe Subdivision
  • The community has rules related to covenants

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Additional Features

  • Community Pavilion
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,626

Year Built

Built in 2017

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 50x95
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: CARIBE
  • Directions: South on Rue Caribe through the main gate from Highway 98. Home is located on the West side of the street.
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2017
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Covered Porch: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Storage: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Energy:Heat Pump AA Two: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range Hood, Refrigerator W/IceMk, Stove/Oven Gas, Wine Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Interior Amenities: Ceiling Crwn Molding, Floor Hardwood, Floor Tile, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Walls Wainscoting, Washer/Dryer Hookup, Woodwork Painted
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Woodwork Painted: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Walls Wainscoting: Yes

Exterior Features

  • Lot Features: Covenants, Curb & Gutter, Restrictions, Sidewalk, Within 1/2 Mile to Water
  • Construction Type: Frame, Roof Metal, Siding CmntFbrHrdBrd, Slab, Trim Wood
  • Exterior Features: Patio Covered, Patio Open, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • ConstructionSiding:Trim Wood: Yes
  • Lot Features:Sidewalk: Yes
  • Lot Features:Curb Gutter: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Oversized
  • Parking Features:Garage Attached: Yes
  • Rooms:Garage5: Yes
  • Parking Features:Oversized: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump A/A Two +
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Gated Community, Pavillion/Gazebo, Pool, Tennis
  • Association #2 Fee: 1500.0
  • Association Fee Frequency: Semi-Annually
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Legal, Management, Master Association, Security, Trash

Schools

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

Lot Info

  • Parcel #: 27-2S-21-42800-000-0050
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2017
Closed on
Aug 31, 2017
Sold by
Kessler Homes Inc
Bought by
Marrus Kevin Reid and Marrus Stephanie
Seller's Agent
Jonathan Spears
Compass
Buyer's Agent
Lane Warren
Keller Williams Success Realty
List Price
$758,000
Sold Price
$758,000
Current Estimated Value
$1,512,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$754,213
Avg. Annual Appreciation
8.82%
Original Mortgage
$606,300
Outstanding Balance
$507,118
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$1,005,095

Purchase Details

Closed on
Sep 30, 2015
Sold by
Brown Nancy
Bought by
Kessler Homes Inc

Purchase Details

Closed on
Mar 1, 2000
Sold by
Martin Andrew S and Martin Kathy H
Bought by
Brown Nancy
Source: Public Records

Range of Values:

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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
Marrus Kevin Reid $758,000 Aqua Title Services
Kessler Homes Inc $175,000 Aqua Title Services
Brown Nancy $75,000 Chelsea Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrus Kevin Reid $606,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2019 06/23/19 Off Market $758,000 -- --
08/31/2017 08/31/17 Sold $758,000 0.0% $312 / Sq Ft
07/09/2017 07/09/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $758,000 -- $312 / 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 $9,626 $1,222,126 $201,681 $1,020,445
2023 $9,626 $933,095 $0 $0
2022 $8,973 $1,101,777 $223,866 $877,911
2021 $7,465 $771,153 $195,806 $575,347
2020 $7,447 $746,048 $179,138 $566,910
2019 $7,171 $722,046 $172,248 $549,798
2018 $6,935 $695,460 $0 $0
2017 $1,594 $160,799 $160,799 $0
2016 $1,547 $154,615 $0 $0
2015 $1,651 $170,000 $0 $0
2014 $1,443 $140,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 775922

Emerald Coast Association of REALTORS®

APN: 27-2S-21-42800-000-0050