NOT LISTED FOR SALE

770 Highway 98 E Unit PH 1 Destin, FL 32541

Estimated Value: $1,629,000 - $2,111,609

4 Beds
4.5 Baths
3,655 Sq Ft
$1,439/mo HOA Fee

Last Sold February 28, 2014

Last sale price $1,850,000 $506 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,677/month

576 Days on Market

Highlights

  • Marina
  • Property Fronts a Bay or Harbor
  • Gulf View
  • Destin Elementary School Rated A-
  • Boat Slip
  • Vaulted Ceiling

About This Home

As of February 2014

Marbella Condominium Unit Penthouse 1 is an elegant Unit on the Destin Harbor. Located on a 35-foot bluff over-looking the beautiful Destin Harbor, Marbella Condominium is a low-density, private residential community with 69 units. This penthouse is located on the west end of the building on the 9th floor with panoramic views of the Destin Harbor and the Gulf. Decorative features include high ceilings measuring 10', 11', and 12' in height, 7-1/2 foot door heights with 2-1/2'' inch thick wood doors all with frosted glass inserts, custom window treatments in every room, and custom crown molding throughout the unit. Upon entrance, you enter the foyer area with a beautiful Muriel and travertine flooring. You then move toward the large living and kitchen area. The spacious gourmet kitchen has granite countertops, custom raised panel cabinetry, and custom paneled island with plenty of seating room for family and guests to watch the chef at work. The kitchen is equipped with Viking appliances including gas cook top, double ovens with warming drawer, wine cooler, icemaker, and large pantry. Off the kitchen is a wine cellar to keep your favorite vintages on hand. The penthouse has two large master suites, one located on the east side of the unit and the other on the west side of the unit, both with beautiful views of the Harbor and Gulf, with large master bath, closets, and doorway to the Harbor side balcony. The two guest bedrooms are located on the North side of the Penthouse, each with their own private bath and doorways, which lead to the large north side terrace with views of the Bay. The 1000 square foot covered terrace sits Harbor side and includes a summer kitchen, plenty of space for entertaining or just relaxing, and with spectacular views of the Harbor, Gulf, and down toward the Harbor to the East Pass. The terrace continues on to a space perfect for sun bathing. Marbella is located minutes from the Destin East Pass by boat, in the middle of all that the Destin Harbor lifestyle has to offer, including fine restaurants, shopping, golfing, and of course, everything associated with the emerald waters of Destin. A 70' (21' width x 70' length) wet slip in the Marbella Yacht Club (wet slips dues) can be purchased at an additional cost. Homeowners enjoy a fitness room, pool, private community room, and marina. All room dimensions to be verified by Buyer. 2013 Property Taxes are $17,575.63.

Last Agent to Sell the Property

Robert Ward

RE/MAX by the Sea License #662787 Listed on: 07/21/2012

RE/MAX by the Sea

Last Buyer's Agent

Robert Ward

Pelican Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,197

Year Built

  • Built in 2006

Lot Details

  • Property Fronts a Bay or Harbor

HOA Fees

  • $1,439 Monthly HOA Fees

Parking

  • 5 Car Garage
  • Guest Parking

Property Views

  • Gulf
  • Harbor

Home Design

  • Slate Roof
  • Built-Up Roof
  • Concrete Siding
  • Steel Siding
  • Slate

Interior Spaces

  • 3,655 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Recessed Lighting
  • Fireplace
  • Window Treatments
  • Living Room
  • Dining Area
  • Storage Room
  • Home Security System

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Boat Slip
  • Balcony
  • Open Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0703-0000-0PH1

Community Details

Overview

  • Association fees include ground keeping, licenses/permits, management, master, trash
  • Marbella Subdivision

Amenities

  • Recreation Room
  • Elevator

Recreation

  • Marina
  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,197

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,439 per month

Parking

5

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: MARBELLA
  • Directions: Marbella Condominiums is located on Hwy 98 (Harbor Blvd).
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2006
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Waterfront:Harbor: Yes
  • Rooms:Living Room: Yes
  • Waterview:Harbor2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Storage: Yes
  • Rooms:Dining Area: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Ceiling Tray/Cofferd, Ceiling Vaulted, Fireplace, Floor Tile, Floor WW Carpet, Furnished - None, Kitchen Island, Lighting Recessed, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Stories: 11
  • 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 Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Security System: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • View: Harbor, Gulf
  • Waterfront Features: Harbor
  • Waterfront: Yes
  • Construction Type: Concrete, Roof Built-Up, Roof Tile/Slate, Steel
  • Exterior Features: Balcony, Boat Slip, Patio Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Steel: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Roof Built-Up: Yes
  • ConstructionSiding:Roof TileSlate: Yes
  • Exterior:Boat Slip: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 5.0
  • Parking Features: Covered, Guest, Other
  • Parking Features:Other3: Yes
  • Parking Features:Guest: Yes
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Community Room, Elevators, Exercise Room, Marina, Pool
  • Association #2 Fee: 4315.68
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Licenses/Permits, Management, Master Association, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-0703-0000-0PH1
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2012
Closed on
Feb 24, 2014
Sold by
Gregory Carl L and Gregory Leila
Bought by
Mailho John Stephen and Mailho Terreitta Lou
Seller's Agent
Robert Ward
RE/MAX by the Sea
Buyer's Agent
Robert Ward
Pelican Real Estate
List Price
$1,850,000
Sold Price
$1,850,000
Current Estimated Value
$1,869,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,536
Avg. Annual Appreciation
0.09%

Purchase Details

Closed on
May 8, 2008
Sold by
Schweizer W Todd and Schweizer Melanie L
Bought by
Gregory Carl L and Gregory Leila
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
Mailho John Stephen $1,850,000 Emerald Coast Title Svcs Inc
Gregory Carl L $1,875,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2019 06/23/19 Off Market $1,850,000 -- --
02/28/2014 02/28/14 Sold $1,850,000 0.0% $506 / Sq Ft
02/17/2014 02/17/14 Pending -- -- --
07/21/2012 07/21/12 For Sale $1,850,000 -- $506 / 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 $17,197 $1,522,392 -- --
2023 $17,197 $1,478,050 $0 $0
2022 $16,830 $1,435,000 $0 $1,435,000
2021 $17,348 $1,435,000 $0 $1,435,000
2020 $17,480 $1,435,000 $0 $1,435,000
2019 $17,660 $1,430,000 $0 $1,430,000
2018 $17,879 $1,430,000 $0 $0
2017 $18,200 $1,430,000 $0 $0
2016 $18,416 $1,454,482 $0 $0
2015 $18,654 $1,444,371 $0 $0
2014 $19,446 $1,450,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 581040

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0703-0000-0PH1