NOT LISTED FOR SALE

98 Cobia St Destin, FL 32541

Estimated Value: $1,576,062 - $1,869,000

6 Beds
5.5 Baths
3,120 Sq Ft
$542/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $1,415,000 $454 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,217/month

11 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Florida Architecture
  • Destin Elementary School Rated A-
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of September 2021

This lovely coastal home sits on a large corner lot in Crystal Beach, only two short blocks from the beach . This is an incredible opportunity to own an income producing property. Rental history shows income more than $140k per year. Among its six bedrooms are two masters, one of which is conveniently located on the 1st floor. Two guest bedrooms share a bath while the four remaining feature private baths. French doors open from the great room onto the 850 square-foot wraparound covered porch, beyond which is a paver deck surrounding the 24 x 12-foot heated pool with nearby outdoor shower. The kitchen offers an exceptional amount of storage, granite work & seating at bar areas. Its perimeter cabinets ensconce a 9-foot long island. An equally long bar height counter adds to the already significant seating capacity. The 36-inch tall upper cabinets with crown molding accentuate the 9-foot ceiling height found throughout on both floors. This house comes with the latest technology features such as Nest Thermostasts, Smart programmable door locks, Ring door bell, smart camera and security system.

Last Agent to Sell the Property

Ekaterina Lagutina

Coldwell Banker Realty License #3367251 Listed on: 07/03/2021

Coldwell Banker Realty

Last Buyer's Agent

Ekaterina Lagutina

Coldwell Banker Realty License #3367251 Listed on: 07/03/2021

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,008

Year Built

  • Built in 2015

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75 x 100
  • Back Yard Fenced
  • Corner Lot

Home Design

  • Florida Architecture
  • Off Grade Structure
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Dining Room
  • Tile Flooring
  • Dryer

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Shower Only

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • High Efficiency Air Conditioning
  • Central Heating
  • Electric Water Heater

Community Details

  • Crystal Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0580-0023-0090

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,008

Year Built

Built in 2015

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 75 x 100
  • Road Frontage Type: City Street
  • Subdivision Name: CRYSTAL BEACH
  • Directions: Traveling from the west on US 98, turn right on Crystal Beach Dr, then left onto Luke Ave. Continue till 4 way stop at Cobia St. The house will be on the corner and Luke Ave and Cobia st.
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2015
  • Remarks Misc:Remarks: This lovely coastal home sits on a large corner lot in Crystal Beach, only two short blocks from the beach . This is an incredible opportunity to own an income producing property. Rental history shows income more than $140k per year. Among its six bedrooms are two masters, one of which is conveniently located on the 1st floor. Two guest bedrooms share a bath while the four remaining feature private baths. French doors open from the great room onto the 850 square-foot wraparound covered porch, beyond which is a paver deck surrounding the 24 x 12-foot heated pool with nearby outdoor shower. The kitchen offers an exceptional amount of storage, granite work & seating at bar areas. Its perimeter cabinets ensconce a 9-foot long island. An equally long bar height counter adds to the already
  • 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
  • Energy:AC - High Efficiency: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Security System, Smoke Detector, Stove/Oven Electric
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Breakfast Bar, Floor Tile, Furnished - All, Owner's Closet
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Security System: Yes

Exterior Features

  • Lot Features: Corner
  • Pool Features: Pool Type
  • Construction Type: Foundation Off Grade, Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, Deck Open, Fenced Back Yard, Pool - In-Ground, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Pool - In-Ground: Yes
  • Lot Features:Corner: Yes
  • ConstructionSiding:Foundation Off Grade: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 00-2S-22-0580-0023-0090
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9007.6
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2021
Closed on
Sep 10, 2021
Sold by
Weinisman Barak
Bought by
Owen Jasen and Owen Delanie B
Seller's Agent
Ekaterina Lagutina
Coldwell Banker Realty
Buyer's Agent
Ekaterina Lagutina
Coldwell Banker Realty
List Price
$1,415,000
Sold Price
$1,415,000
Current Estimated Value
$1,690,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,016
Avg. Annual Appreciation
4.02%
Original Mortgage
$1,272,085
Outstanding Balance
$1,148,080
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$541,936

Purchase Details

Listed on
Nov 11, 2014
Closed on
May 4, 2015
Sold by
Destin Shores Vacation Rentals Llc
Bought by
Weinisman Barak
Seller's Agent
Kelly Hill
Scenic Sotheby's International Realty
Buyer's Agent
Kelly Hill
Scenic Sotheby's International Realty
List Price
$780,000
Sold Price
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Original Mortgage
$417,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2014
Sold by
Buslow Joseph T and Buslow Louise M
Bought by
Destin Shores Vacation Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,731
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 18, 2014
Sold by
Mooneyhan Deanna
Bought by
Buslow Joseph and Buslow Louise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,731
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 15, 2014
Sold by
Hughes Lawrence
Bought by
Mooneyham Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Owen Jasen $1,415,000 Emerald Coast Title Svcs Llc
Weinisman Barak $780,000 None Available
Destin Shores Vacation Rentals Llc -- None Available
Buslow Joseph $209,000 H & S Title & Escrow Inc
Mooneyham Deanna -- H & S Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owen Jasen $1,272,085
Previous Owner Weinisman Barak $417,000
Previous Owner Destin Shores Vacation Rentals Llc $342,731
Previous Owner Buslow Joseph $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2021 12/12/21 Off Market $1,415,000 -- --
09/13/2021 09/13/21 Sold $1,415,000 0.0% $454 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $1,415,000 +81.4% $454 / Sq Ft
05/04/2015 05/04/15 Sold $780,000 0.0% $247 / Sq Ft View Prior Sale
03/26/2015 03/26/15 Pending -- -- --
11/11/2014 11/11/14 For Sale $780,000 -- $247 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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
2025 $15,929 $1,344,966 $509,656 $835,310
2024 $14,713 $1,355,591 $494,812 $860,779
2023 $14,713 $1,304,303 $462,440 $841,863
2022 $12,819 $1,063,754 $420,400 $643,354
2021 $9,910 $797,996 $289,170 $508,826
2020 $9,383 $749,920 $275,400 $474,520
2019 $9,394 $740,590 $275,400 $465,190
2018 $8,997 $700,666 $0 $0
2017 $8,818 $674,722 $0 $0
2016 $8,288 $638,071 $0 $0
2015 $2,451 $185,000 $0 $0
2014 -- $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 875527

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0580-0023-0090

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