NOT LISTED FOR SALE

8 Sapphire Cove Unit Palm Palace Miramar Beach, FL 32550

Estimated Value: $918,000 - $1,126,000

4 Beds
3 Baths
2,176 Sq Ft
$455/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $565,000 $260 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,223/month

17 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Gated Community
  • Van R. Butler Elementary School Rated A-
  • Gulf View
  • Beach House

About This Home

As of July 2018

Ahhh! Check cool 3D Tour on Photos link! You've found the perfect beach home- The PALM PALACE in popular Emerald Shores. Walk in to a spacious, coastal Caribbean vibe across from the pool in a private gated S/D. 1st fl is large tiled LR, foyer, kitchen and laundry room, full bath and storage; 2nd level offers 3 more BRs and 2 full baths, a bunk alcove and the top floor loft with extra bedding/tv area. You'll appreciate the beauty of the curb appeal's tropical touches and wraparound porches for easy relaxed outdoor living. You're steps away from the large community pool set in lush landscaping; tennis courts and 2nd pool. Emerald Shores has DEEDED beach access and a beach cabana on the Gulf of Mexico! Terrific rental with $44,206.14 in 2017 gross rents! Easy gated access to both Scenic Gulf Dr. (Beach road) AND Emerald Coast Pkwy. in popular Miramar Beach. Close to outlet mall, Commons Mall, all area dining, golf, entertainment, shopping and More! This is the perfect central location and the perfect family retreat for rental investment, second home living or even primary living in the heart of the Destin's most popular beach district! A must see. Unit stays rented so Saturdays are best to see! Check out the Virtual 3D Tour link under Photos! Seller is offering a $5,000 allowance for interior upgrades/painting/new carpet in brs. Make the Palm Palace your own beach getaway!

Last Agent to Sell the Property

Denise Stegner

Scenic Real Estate License #495624 Listed on: 06/11/2018

Last Buyer's Agent

Lori Sweeney

Destin Exclusive Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,359

Year Built

  • Built in 1993

Lot Details

  • Property fronts a state road
  • Cul-De-Sac
  • Privacy Fence
  • Sprinkler System

HOA Fees

  • $399 Monthly HOA Fees

Home Design

  • Beach House
  • Frame Construction
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 2,176 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Bonus Room
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Doors
  • Ventilation

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Open Patio
  • Built-In Barbecue

Schools

  • Van R Butler Elementary School
  • Freeport Middle School
  • Freeport High School

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30-2S-21-42830-000-0660

Community Details

Overview

  • Association fees include ground keeping, management, recreational faclty, trash
  • Emerald Shores So Of Walton Subdivision
  • The community has rules related to covenants

Amenities

  • Picnic Area
  • Community Pavilion

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,359

Year Built

Built in 1993

Lot Details

0

HOA Fees

$399 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: tbd
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Subdivision Name: EMERALD SHORES SO OF WALTON
  • Directions: From Hwy.98/Emerald Coast Pkwy. turn into gated S/D just past Okaloosa/Walton county line on Walton side. From Old 98/Scenic Gulf Dr. just past Leeward Key is entry into Emerald Shores #8102. Home is 2nd culdesac - Corner end lot south side of Sapphire Cove. 3 story home across from pool. ''Palm Palace''
  • Architectural Style: Beach House
  • New Construction: No
  • Efficiency: Doors
  • Building Stories: 3
  • Year Built: 1993
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Energy:Heat Pump Air To Air: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Foyer: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Bonus Room: Yes
  • Energy:Power Vent: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Continue Clean, Range Hood, Refrigerator W/IceMk, Smoke Detector, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Ceiling Cathedral, Floor Tile, Floor WW Carpet, Window Treatment All
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Ceiling Cathedral: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes
  • Appliances:Oven Continue Clean: Yes

Exterior Features

  • Lot Features: Aerials/Topo Availbl, Covenants, Cul-De-Sac, Curb & Gutter, Sidewalk, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Frame, Roof Tile/Slate, Slab, Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Privacy, Patio Open, 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:Cul-De-Sac: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Privacy: Yes
  • Lot Features:Sidewalk: Yes
  • Exterior:BBQ PitGrill: Yes
  • ConstructionSiding:Roof TileSlate: Yes
  • Lot Features:Curb Gutter: Yes
  • Lot Features:AerialsTopo Availbl: Yes

Garage/Parking

  • Parking Features: See Remarks
  • Parking Features:See Remarks4: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump Air To Air, Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Tennis, TV Cable
  • Association #2 Fee: 1197.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Management, Recreational Faclty, Trash

Schools

  • Elementary School: Van R Butler
  • High School: Freeport
  • Middle Or Junior School: Freeport

Lot Info

  • Parcel #: 30-2S-21-42830-000-0660
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3359.36
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2018
Closed on
Jul 30, 2018
Sold by
Bowe And Cranfill Llc
Bought by
Kenneth Mark and Kenneth Jennifer
Seller's Agent
Denise Stegner
Scenic Real Estate
Buyer's Agent
Lori Sweeney
Destin Exclusive Real Estate
List Price
$565,000
Sold Price
$565,000
Current Estimated Value
$990,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,724
Avg. Annual Appreciation
8.11%
Original Mortgage
$452,000
Outstanding Balance
$392,544
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$598,180
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kenneth Mark $5,645,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kenneth Mark $452,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2020 10/14/20 Off Market $565,000 -- --
07/30/2018 07/30/18 Sold $565,000 0.0% $260 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $565,000 -- $260 / 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 $6,601 $866,576 $120,000 $746,576
2023 $6,601 $590,243 $0 $0
2022 $5,875 $742,346 $117,039 $625,307
2021 $4,808 $505,825 $102,369 $403,456
2020 $4,427 $443,459 $93,654 $349,805
2019 $4,302 $433,179 $90,052 $343,127
2018 $3,935 $415,852 $0 $0
2017 $3,359 $338,943 $84,067 $254,876
2016 $3,357 $335,469 $0 $0
2015 $3,269 $321,631 $0 $0
2014 $3,253 $319,923 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 800754

Emerald Coast Association of REALTORS®

APN: 30-2S-21-42830-000-0660