See Home Value
$1,175,000
● House - Off Market

16 Magnolia Drive

Destin, FL 32541
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,529 Ft²
$2,602,052
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

★★ REDUCED SHARPLY ON April 3, 2014★★ Private waterfront estate with 4 deep-water boat slips! Enjoy the magnificent waterfront lifestyle of Destin's scenic harbor! Situated on Holiday Isle on the closest harbor-front lot to the Gulf of Mexico, this property is perfect for a family's exclusive waterfront playground or an income-producing property! There are 4 deep-water boat slips, which certainly could generate rental income for the new owner. All slips feature power and water and are capable of accommodating 40'+ boats, while two of the slips include lifts with a 28,000 lb capacity. The 3-story home consists of 4 bedrooms and 3 baths in the main house, plus a fully equipped apartment on the ground floor, which can either be accessed via the stairs or locked-out for use with its or visiting boat captain, pilot, or extended family.  Large decks on two floors enjoy the vista across the gorgeous harbor, while balconies on the other side have gulf views!  The entire property is surrounded by lush, tropical landscaping and is fenced and gated with an automatic opener for maximum privacy and security.  Recently upgraded, the home features beautiful finishes, modern touches, and lots of conveniences.  Large arches connect the open floorplan of the living room, dining room, and kitchen, which are filled with natural light from the abundant windows and the deck overlooking the harbor.  The kitchen features white cabinets, granite countertops, a spacious breakfast bar, and KitchenAid oversized fridge and gas range.  With all the guests this property will accommodate, you may want to escape to your private master suite: a cozy sitting area, large private balcony, and spacious bath with Jacuzzi tub with a harbor view, double sinks and lots of counter space will help you relax.  The guest apartment has been upgraded with many modern elegant touches with a European flair.  The entire home has just been repainted, including the exterior with an elastomeric paint product.  Just a few minutes walk to the beautiful white sand beach, this home is perfect for both fishermen and beach lovers!  Buyer to verify all data, information, and dimensions.
Unit Size
3,529 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$397
Property Type
House
Property Taxes
-
HOA Dues
$260
Year Built
1998

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Last updated: 2 years ago (ECAR MLS #610924)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Sold
Oct 28, 2022 No longer available -
No longer available
Oct 18, 2022 Listed by Somers & Company $3,425,000
Listed by Somers & Company
Oct 5, 2020 Sold
Sold
Aug 5, 2020 No longer available -
No longer available
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 660
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,922
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 5,400
  • Gross Building Area: 5,400
  • Building Area: 3,598
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,598
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY ISLE
  • Land Acres: 0000000411
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: HOLIDAY ISLE LOT 8 BLK C

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-2186-000C-0080
  • Block: C
  • Lot: 8
  • Municipality: DESTIN
  • Latitude: 30.3862
  • Longitude: -86.489

    Address

  • Full Address: 16 Magnolia Dr
  • Address - House Number: 16
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C004
  • 4-Digit Zip Code: 3156
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 4,273
  • Tax Year: 2023
  • Tax Amount: $2,401,521
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 3,200,948
  • High Value: 4,062,718
  • Low Value: 2,339,178

    Market Valuation

  • Market Total Value: $2,010,281
  • Market Land Value: $855,470
  • Market Improvement Value: $1,154,811

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,010,281
  • Assessed Land Value: $855,470
  • Assessed Improvements Value: $1,154,811

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3596681
  • Previous Sale Recording Date: Oct 05, 2020
  • Previous Sale Contract Date: Sep 24, 2020
  • Previous Sale Amount: $1,600,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Holiday Isle


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Frequently Asked Questions

When was property at 16 Magnolia Drive built and last sold?
The property at 16 Magnolia Drive was built in 1998 and last sold on Dec 14, 2022 for $3,125,000.
How much is this home worth?
The estimated value of the home located at 16 Magnolia Drive is $3,407,904.
What are some comparable homes to 16 Magnolia Drive?
There are currently no comparable homes to 16 Magnolia Drive.