See Home Value
$750,000
● House - Off Market

4736 Papaya Park

Destin, FL 32541
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
$1,195,989
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Custom Mediterranean Villa in Gated Destiny East with Courtyard Pool, Guesthouse, and First-Floor Master Suite. $70K/year is vacation rental income managed by owner. Just past the home's private iron gate, a stunning courtyard pool introduces the home and guesthouse. At the center of the home, the courtyard provides exceptional privacy and visual comfort. The luxurious, freeform pool features an elevated spa and tanning ledge for the ultimate in enjoyment. As you enter the main house, an inviting open-concept floor plan greets you. Travertine floors, built-in cabinetry, and tray ceilings add visual interest. The gourmet kitchen boasts granite counters, a custom tile backsplash, Monogram stainless appliances, large breakfast bar, and an island with a wine refrigerator and vegetable sink. Designed for entertaining, the dining room can accommodate a large table with seating for 10. The first-floor master suite provides immediate access to the pool. The luxurious master bath features spa amenities including separate vanities, a spa tub with stone inlay, and large walk-in shower with multiple showerheads and body sprays. Bose surround sound provides entertainment on the first floor and the pool area. An office, laundry, and powder room complete the first floor. On the second floor, there are three guest bedrooms, one with a private bath and the others with a jack-and-jill bath. Two of the bedrooms offer access to the second floor balcony overlooking the courtyard and pool. The bunk beds in one bedroom assure kids have their fun space to sleep. The separate guesthouse with a bedroom and full bath provide extra privacy for guests. This home would make a great full time residence or rental property. The beautiful waters of the Emerald Coast are just a short golf cart ride away. Gated Destiny East boasts many amenities including a large clubhouse with a gym and theater, 2 lighted tennis courts, basketball court, a large pool and hot tub, playground and grilling areas. The neighborhood is centrally located near restaurants, golf courses and shopping, many within a golf cart or moped ride. Don't miss this opportunity to buy one of the lowest priced per square foot homes in Destiny East.
Unit Size
-
Days on Market
67 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$650
Year Built
2006

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Last updated: 9 months ago (ECAR #777604)

Price History

Date / Event Date Event Price
Feb 4, 2026 Sold
Sold
Jan 18, 2026 In contract -
In contract
Dec 4, 2025 Price Decreased $1,600,000
↓ $120K (7%)
Price Decreased
Aug 7, 2025 Price Decreased $1,720,000
↓ $10K (0.6%)
Price Decreased
Jun 30, 2025 Price Decreased $1,730,000
↓ $4K (0.2%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 670
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,833
  • Total Building Area: 4,356
  • Gross Building Area: 4,356
  • Building Area: 3,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,212
  • 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: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY EAST PH III LOT 206

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 3
  • Parcel: 00-2S-22-0076-0000-2060
  • Block: 1
  • Lot: 206
  • Municipality: DESTIN
  • Latitude: 30.3852
  • Longitude: -86.4045

    Address

  • Full Address: 4736 Papaya Park
  • Address - House Number: 4736
  • Address - Street Name: Papaya
  • Address - Suffix Type: Park
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 4788
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,723
  • Tax Year: 2023
  • Tax Amount: $1,298,669
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 1,409,591
  • High Value: 1,689,985
  • Low Value: 1,129,198

    Market Valuation

  • Market Total Value: $1,087,097
  • Market Land Value: $219,530
  • Market Improvement Value: $867,567

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,087,097
  • Assessed Land Value: $219,530
  • Assessed Improvements Value: $867,567

    Sales

  • Current Sale Contract Date: Nov 03, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3589284
  • Previous Sale Recording Date: Jan 13, 2020
  • Previous Sale Contract Date: Jan 08, 2020
  • Previous Sale Amount: $925,000
  • 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 Destiny East


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Frequently Asked Questions

When was property at 4736 Papaya Park built and last sold?
The property at 4736 Papaya Park was built in 2006 and last sold on Nov 3, 2022 for $1,675,000.
How much is this home worth?
The estimated value of the home located at 4736 Papaya Park is $1,616,000.
What are some comparable homes to 4736 Papaya Park?
There are currently no comparable homes to 4736 Papaya Park.