NOT LISTED FOR SALE

70 Terra Cotta Way Destin, FL 32541

Estimated Value: $1,070,000 - $1,392,000

4 Beds
3.5 Baths
2,742 Sq Ft
$440/Sq Ft Est. Value

Last Sold January 18, 2019

Last sale price $617,000 $225 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $7,309/month

7 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Wood Flooring
  • Destin Elementary School Rated A-
  • In Ground Pool
  • Main Floor Primary Bedroom

About This Home

As of January 2019

Beautiful property sold with all furnishings, ready to rent. This is a top moneymaker and grosses in excess of $70,000 a year! Property features a heated salt-water private pool, new flooring, and a host of extras. Whether you're looking for a second home close to the beach, or an investment property making 10% ROI, this is the home for you.

Last Agent to Sell the Property

ecn.rets.e9758

ecn.rets.RETS_OFFICE Listed on: 12/03/2018

Last Buyer's Agent

Richard Eimers

Beach Road Realty License #623011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,918

Year Built

  • Built in 1995

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Sprinkler System

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Mediterranean Architecture
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 2,742 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Crown Molding
  • Double Pane Windows
  • Insulated Doors
  • Dining Room
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Cultured Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Doors

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2499-0000-0170

Community Details

Overview

  • Association fees include ground keeping, master, recreational faclty, security
  • Terra Cotta Terrace Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,918

Year Built

Built in 1995

Lot Details

0

HOA Fees

$140 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Lot Size: 40X100
  • Subdivision Name: TERRA COTTA TERRACE
  • Directions: From Mid-Bay Bridge and Hwy 98 continue south onto Hutchison until dead-end on Scenic 98. Turn left, go past crab trap and Destiny-by-the Sea and take next left onto Terra Cotta Way. Property will be on the left.
  • Architectural Style: Mediterranean
  • New Construction: No
  • Efficiency: Doors
  • Building Stories: 3
  • Year Built: 1995
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Double Pane Windows: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Balcony2: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Energy:Heat Cntrl Gas: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Trash Compactor, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Floor Hardwood, Furnished - All, Washer/Dryer Hookup, Window Treatmnt Some
  • 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
  • Appliances:Trash Compactor: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Appliances:Security System: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Roof Tile/Slate, Stucco
  • Exterior Features: Balcony, Pool - In-Ground, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes
  • ConstructionSiding:Roof TileSlate: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes

Utilities

  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Picnic Area, Pool
  • Association #2 Fee: 140.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Master Association, Recreational Faclty, Security

Schools

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

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 00-2S-22-2499-0000-0170
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5917.83
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2018
Closed on
Jan 18, 2019
Sold by
Peacock James B
Bought by
Sea-Viche Florida Llc
Seller's Agent
ecn.rets.e9758
ecn.rets.RETS_OFFICE
Buyer's Agent
Richard Eimers
Beach Road Realty
List Price
$617,000
Sold Price
$617,000
Current Estimated Value
$1,206,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$589,601
Avg. Annual Appreciation
10.39%
Original Mortgage
$492,800
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 9, 2015
Sold by
Peacock Betty L
Bought by
Peacock James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2012
Closed on
May 11, 2012
Sold by
Dickinson Kenneth L
Bought by
Peacock James B and Peacock Betty L
Seller's Agent
Jeff Landreth
La Florida Coastal Properties
Buyer's Agent
ecn.rets.e9758
ecn.rets.RETS_OFFICE
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$363,750
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2010
Sold by
Brown Kenneth A
Bought by
Dickinson Kenneth L

Purchase Details

Closed on
Sep 24, 2003
Sold by
Kane Stephen C and Kane Deborah F
Bought by
Brown Kenneth A and Brown Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2000
Sold by
Wilson Peter J and Wilson Cynthia J
Bought by
Kane Stephen C and Kane Deborah F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.23%
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
Sea-Viche Florida Llc $617,000 Mcneese Title Llc
Peacock James B $64,500 Mcneese Title Llc
Peacock James B $485,000 Mcneese Title Llc
Dickinson Kenneth L $550,000 None Available
Brown Kenneth A $430,000 Dolphin Land Title Inc
Kane Stephen C $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sea-Viche Florida Llc $492,800
Previous Owner Peacock James B $417,000
Previous Owner Peacock James B $363,750
Previous Owner Brown Kenneth A $344,000
Previous Owner Kane Stephen C $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2019 01/18/19 Sold $617,000 0.0% $225 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $617,000 +27.2% $225 / Sq Ft
05/11/2012 05/11/12 Sold $485,000 0.0% $177 / Sq Ft
04/22/2012 04/22/12 For Sale $485,000 -- $177 / Sq Ft
04/21/2012 04/21/12 Pending -- -- --
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 $9,262 $910,301 $240,750 $669,551
2023 $9,262 $880,332 $225,000 $655,332
2022 $8,066 $721,965 $173,004 $548,961
2021 $7,044 $567,270 $149,940 $417,330
2020 $6,521 $521,183 $142,800 $378,383
2019 $6,221 $490,417 $142,800 $347,617
2018 $6,177 $481,042 $0 $0
2017 $5,918 $452,812 $0 $0
2016 $5,841 $449,700 $0 $0
2015 $5,799 $438,985 $0 $0
2014 $5,319 $396,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 811967

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2499-0000-0170