NOT LISTED FOR SALE

Estimated Value: $3,698,000 - $4,199,670

8 Beds
8.5 Baths
4,590 Sq Ft
$860/Sq Ft Est. Value

Last Sold January 14, 2020

Last sale price $2,087,500 $455 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $22,415/month

34 Days on Market

Highlights

  • Gulf View
  • Beach House
  • Living Room
  • Dune Lakes Elementary School Rated A-
  • Main Floor Primary Bedroom
  • En-Suite Primary Bedroom

About This Home

As of January 2020

Located in the heart of Old Seagrove Beach, just a few stairs from Seaside, this home is the epitome of relaxation and family fun. Situated less than a tenth of a mile to the sugar white sands and emerald waters of the Gulf of Mexico, this property boasts stunning gulf views. Characterized by astonishing architecture and a well-thought-through floor-plan, this home truly has it all. Designed for the ultimate vacation experience, 77 E Grove offers 8 on-suite bedrooms, 8 full bathrooms, 1 half bathroom and a large open-concept living area. Features of the home include a chef's kitchen with huge island; an incredible outdoor space with private pool and spa; a wet-bar or kitchen on every level; complete AV system including music throughout, cameras and security; an elevator; 2 custom bunk rooms; a large laundry room; plenty of storage; and generous parking for over 8 vehicles.

As you enter the home you are welcomed in into the beautiful entry foyer. From the foyer, travel into the large open-concept great room to find the living space, chef's kitchen and huge dining area. Off the great room, the back doors take you into the oasis of the outdoor living area which includes the pool, spa, al-fresco dining area, custom fire feature and space for the necessary outdoor games! Additionally, on the ground level, the first master suite is situated. This suite offers a large bedroom, soaking bathtub, walk-in shower and large double vanity.

Travel to the second floor of the home by either the grand staircase or the private elevator. On the second level you locate the next master suite. This suite, again, features a large bedroom, soaking bathtub, walk-in shower and large double vanity. The bedroom is highlighted by a custom pecky cypress ceiling creating a true spa-like atmosphere. Additionally on this level you will find 4 additional guest suites with accompanying baths, a large laundry room, and wet-bar. The second floor also features a relaxing front screened porch.

On the third level of the home you find the escape for all the youth in the family. Here you will discover an incredible secondary living and entertainment space. This room features an additional kitchen and a huge living room offering arcade gaming and lounging space. Off of this huge room you will find 2 custom bunkrooms each with its own bathroom. From this level, climb to the climax of the property to find the 4th floor viewing tower. In the tower, enjoy breath-taking views of the emerald waters as well as space for dining and relaxing.

Offered FULLY FURNISHED and turnkey with ENORMOUS rental income potential, this property makes the perfect investment property, second home or private residence. Do not miss this opportunity!

Last Agent to Sell the Property

Watkins Group

30-A Realty Inc Listed on: 10/01/2019

Co-Listed By

Logan Peavy

Coastal Sun Realty LLC

Last Buyer's Agent

Sabine Robertson PA

Silver Intl Realty 30A Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,934

Year Built

  • Built in 2016

Lot Details

  • 5,968

Home Design

  • Beach House

Interior Spaces

  • 4,590 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Room
  • Gulf Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom

Schools

  • Bay Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Additional Features

  • Lot Dimensions are 50 x 120
  • Central Heating and Cooling System

Community Details

  • Seagrove 2Nd Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-3S-19-25000-005-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,934

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 50 x 120
  • Co List Office Mls Id: ECSU
  • Co List Office Phone: 850-960-3988
  • Subdivision Name: SEAGROVE 2ND ADDN
  • Directions: Heading east on HWY 98 from Destin, turn south on HWY 395. Turn left onto East Grove street. Home on left side of street.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2016
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Utilities:Gas - Natural: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Master Bedroom:First: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Gas - Natural, Public Sewer, Public Water

Schools

  • Elementary School: Bay
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 14-3S-19-25000-005-0000
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11933.8
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2019
Closed on
Jan 14, 2020
Sold by
Buddy Loves Crabshack Llc
Bought by
Lackey Paul M
Seller's Agent
Watkins Group
30-A Realty Inc
Buyer's Agent
Sabine Robertson PA
Silver Intl Realty 30A Inc
List Price
$2,087,500
Sold Price
$2,087,500
Current Estimated Value
$3,946,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,858,918
Avg. Annual Appreciation
11.63%
Original Mortgage
$1,668,121
Outstanding Balance
$1,473,851
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$2,472,567

Purchase Details

Listed on
May 31, 2017
Closed on
Jun 29, 2018
Sold by
Buddy Loves Crabshack Llc
Bought by
Not Provided
Seller's Agent
Rachel Matz
Christies International Real Estate Emerald Coast
Buyer's Agent
Emerald Coast Beach Properties
Berkshire Hathaway HomeServices
List Price
$1,925,000
Sold Price
$1,925,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.37%
Original Mortgage
$1,925,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2014
Sold by
Carney Murray C and Carney Alice M
Bought by
Hull & Merkle House Llc
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
Lackey Paul M $2,087,500 Emerald Coast Title Svcs Llc
Not Provided -- Attorney
Buddy Loves Crabshack Llc $1,925,000 Attorney
Hull & Merkle House Llc $385,000 Neighborhood Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lackey Paul M $1,668,121
Previous Owner Buddy Loves Crabshack Llc $1,925,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2020 01/14/20 Sold $2,087,500 0.0% $455 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $2,087,500 +8.4% $455 / Sq Ft
06/29/2018 06/29/18 Sold $1,925,000 0.0% $419 / Sq Ft View Prior Sale
05/05/2018 05/05/18 Pending -- -- --
05/31/2017 05/31/17 For Sale $1,925,000 -- $419 / 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 $20,612 $3,380,835 $867,000 $2,513,835
2023 $20,612 $1,749,673 $0 $0
2022 $18,280 $2,397,648 $886,890 $1,510,758
2021 $14,678 $1,588,456 $568,210 $1,020,246
2020 $13,122 $1,314,555 $519,841 $794,714
2019 $12,678 $1,276,634 $504,700 $771,934
2018 $12,054 $1,235,354 $0 $0
2017 $11,079 $1,158,964 $425,000 $733,964
2016 $3,359 $360,000 $0 $0
2015 $2,859 $281,250 $0 $0
2014 $1,070 $126,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 826369

Emerald Coast Association of REALTORS®

APN: 14-3S-19-25000-005-0000