See Home Value
$840,000
● House - Off Market

4735 Papaya Park

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,145 Ft²
$5,015
Est. Monthly

About This Property

Elevated living in Destiny East is truly attainable at this exceptional price. Whether used as a full-time residence or a strong income-producing investment, this quality-built 3BR/2BA home offers comfort, space, and recent updates throughout. Improvements include exterior paint, new attic insulation, Generac whole-house generator, updated HVAC, plantation shutters, new water heater, and newer appliances. The single-level layout features a spacious foyer, open dining and living areas with gas fireplace, and an attached garage with attic storage. The kitchen offers granite counters, updated cabinetry, a pantry, and breakfast area. The large primary suite features two walk-in closets, double vanities, whirlpool tub, walk-in shower, and private access to the screened lanai. Two additional guest bedrooms include ample storage, and the guest bath also features a whirlpool tub. The screened lanai overlooks a private backyard with room for a splash pool, expanded entertaining area, or serene garden retreat. Located in the highly coveted gated community of Destiny East, residents enjoy top-tier amenities including two pools, tennis and pickleball courts, gym, hot tub, playground, walking trail, and access to Four-Prong Lake for fishing and kayaking. An underground pedestrian tunnel provides safe beach access without crossing the road. Golf cart-friendly and close to shopping and dining, Destiny East offers a true resort-style lifestyle.  This home is priced to sell and will not last.
Unit Size
2,145 Ft²
Days on Market
70 days
Land Size
0.17 acres
Price per sqft
$408
Property Type
House
Property Taxes
$718
HOA Dues
-
Year Built
1999

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Last updated: 6 months ago (ECAR #989877)

Price History

Date / Event Date Event Price
Apr 28, 2026 Sold
Sold
Mar 3, 2026 In contract -
In contract
Nov 17, 2025 Listed by Destin Vacation Company LLC $875,000
Listed by Destin Vacation Company LLC
Jul 25, 2025 Listed $899,000
Listed
Own This Remodeled Beach House in Destiny East for Just 10% Down! Gated Luxury • Designer Finishes • Walk to the Gulf. Welcome to your dream retreat in prestigious Destiny East—Destin's premier gated beachside community, where lush tropical landscaping, world-class amenities, and unbeatable walkability create the ultimate coastal lifestyle. And with local lender financing available for just 10% down at a great rate, luxury beach living has never been more accessible. This beautifully updated 3-bedroom, 2-bath home offers the perfect blend of sophistication and comfort. Step inside to a bright, open-concept kitchen featuring endless granite countertops, custom designer backsplash, stainless steel appliances, and abundant cabinet space. Read more.... The living room boasts a gas fireplace, built-in cabinetry, and flows seamlessly into a screened lanai ideal for relaxing after beach days or entertaining guests. The backyard is gorgeously layered and has plenty of room for a private pool. Enjoy peace of mind with a whole-house Generac generator, a 2-year-old HVAC system and water heater, remediated attic, and new insulation (2023). Both bathrooms offer luxurious whirlpool jetted tubs, and the interior and exterior have been tastefully updated, including fresh exterior paint in 2024. But the real magic? It's all outside your door. Club Destiny features a heated resort-style pool with waterfall, tennis & pickleball courts, basketball, hot tub, playground, and even a private movie theater. You'll also have access to a second pool along Four Prong Lake on your way to the beach. Walk to Tuscany Italian Bistro, or enjoy seafood at The Crab Trap or Captain Dave's - all just minutes away from your front door. Location, luxury, and lifestyle - this is beach living at its finest. Schedule your private showing today and ask how to secure this home with only 10% down! This meticulously maintained home has never been used as a rental and has been lovingly cared for by its owners, reflecting true pride of ownership throughout. While it has been a private retreat, the property offers outstanding potential as a short-term rental, with strong income projections thanks to its prime location, luxurious amenities, and close proximity to the sugar-white beaches of the Emerald Coast.
May 27, 2025 Price Decreased $925,000
↓ $50K (5.1%)
Price Decreased
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,543
  • Total Building Area: 2,898
  • Gross Building Area: 2,898
  • Building Area: 2,145
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,145
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTINY EAST PH III
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY EAST PH III LOT 181

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-0076-0000-1810
  • Block: 1
  • Lot: 181
  • Municipality: DESTIN
  • Latitude: 30.3858
  • Longitude: -86.4048

    Address

  • Full Address: 4735 Papaya Park
  • Address - House Number: 4735
  • Address - Street Name: Papaya
  • Address - Suffix Type: Park
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 4783
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,541
  • Tax Year: 2023
  • Tax Amount: $773,181
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2647
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 867,161
  • High Value: 1,096,732
  • Low Value: 637,590

    Market Valuation

  • Market Total Value: $734,333
  • Market Land Value: $219,530
  • Market Improvement Value: $514,803

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $734,333
  • Assessed Land Value: $219,530
  • Assessed Improvements Value: $514,803

    Sales

  • Current Sale Contract Date: Feb 27, 2015
  • Current Sale Recording Date: Mar 05, 2015
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2982287
  • Previous Sale Recording Date: May 06, 2014
  • Previous Sale Contract Date: May 05, 2014
  • Previous Sale Amount: $281,600
  • Previous Sale Document Type: 69
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 Destiny East


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Frequently Asked Questions

When was property at 4735 Papaya Park built and last sold?
The property at 4735 Papaya Park was built in 1999 and last sold on Feb 27, 2015 for $415,000.
How much is this home worth?
The estimated value of the home located at 4735 Papaya Park is $0.
What are some comparable homes to 4735 Papaya Park?
There are currently no comparable homes to 4735 Papaya Park.