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Okaloosa 32541 Regatta Bay
489 Regatta Bay Boulevard
$1,875,000
● House - Off Market

489 Regatta Bay Boulevard

Destin, FL 32541
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
$12,108
Est. Monthly
$1,075
HOA / Fees
0.09%
Cap Rate

About This Property

Priced below recent appraisal!  Discover the perfect fusion of modern elegance and artistic coastal contemporary design in this remarkable lakefront residence.  This newly built home sits on one of the premier lots in Regatta Bay and offers both lake and golf course views.  The home is located  within the prestigious gated golf and boating community of Regatta Bay. Completed in 2016, this meticulously designed home showcases an open floor plan with the majority of the home located on the main level.  The thoughtfully arranged layout features four bedrooms and four and a half bathrooms, enhanced by clean lines and exquisite designer finishes throughout. This designer finished property boasts remarkable features, including soaring 12-foot ceilings on the main level and an oversized three-car garage with ample parking. The interior showcases elegant hardwood flooring throughout, leading to a spacious living room that is anchored by a contemporary gas stone fireplace. This inviting space offers seamless access to an expansive screened lanai, showcasing 650 square feet of outdoor living space adorned with pecky cypress ceilings and beautiful views. The outdoor area is further complemented by a secondary gas fireplace, pool and hot tub, perfectly positioned to capture breathtaking western sunsets and picturesque views of the lake and multi award winning golf course. The designer kitchen is a culinary dream, with custom built cabinetry, Calcutta marble countertops, 60-inch Wolf gas range and a built-in Sub-Zero refrigerator. The kitchen flows effortlessly into the open dining room and includes an oversized pantry with premium storage options. The master suite radiates coastal charm with and a spa-like master bathroom complete with a luxurious soaking tub, dual vanities, chevron-pattern marble flooring, and an oversized walk-in shower adorned with hand-hewn beam accents and dual shower heads. The 13x16 master closet is a standout feature, offering direct access from the master suite and showcasing custom-built shelving along with a center island for optimal storage. Additionally, the laundry room conveniently connects to the master closet for enhanced functionality. On the second floor, you will find two additional bedrooms each with en-suite bathrooms, as well as a flex space. Regatta Bay is a serene, gated community that seamlessly blends golf and boating, offering a lifestyle that is truly unparalleled! The essence of the Regatta Bay Lifestyle revolves around convenience, allowing residents to easily access numerous enjoyable destinations within minutes via golf cart, including the beach! Within the community, residents can indulge in golf, swimming, tennis, pickleball, parks, playgrounds, the Regatta Bay Clubhouse, Legendary Marine, and Legendary Yacht Club. Furthermore, Regatta Bay features a private road that leads directly to the Destin Commons, where an array of popular retail stores for both men and women awaits, alongside a diverse selection of restaurants, Whole Foods, Bass Pro, Lowes, an AMC movie theater, and Uncle Buck's Bowling-all easily reachable by golf cart. Regatta Bay is centrally located offering easy access to the airport and only a few miles from Northwest Florida's finest hospital.
Unit Size
-
Days on Market
262 days
Land Size
0.32 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,227
HOA Dues
$1,075
Year Built
2016

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Last updated: 10 months ago (ECAR #976567)

Price History

Date / Event Date Event Price
Feb 5, 2026 Sold
Sold
Jan 20, 2026 In contract -
In contract
Jan 5, 2026 Price Decreased $1,997,000
↓ $153K (7.1%)
Price Decreased
Oct 11, 2025 Price Decreased $2,150,000
↓ $74K (3.3%)
Price Decreased
Sep 11, 2025 Price Decreased $2,224,000
↓ $26K (1.2%)
Price Decreased
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Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 4
  • 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
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 1,041
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,763
  • Total Building Area: 5,803
  • Gross Building Area: 5,803
  • Building Area: 3,982
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,982
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REGATTA BAY
  • Land Acres: 0000000316
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: REGATTA BAY PH 2A LOT 61

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Subdivision Phase Number: 2A
  • Parcel: 00-2S-22-2092-0000-0610
  • Lot: 61
  • Municipality: DESTIN FIRE DISTRICT
  • Latitude: 30.3947
  • Longitude: -86.42

    Address

  • Full Address: 489 Regatta Bay Blvd
  • Address - House Number: 489
  • Address - Street Name: Regatta Bay
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Destin
  • Carrier Code: C017
  • 4-Digit Zip Code: 5329
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 4,789
  • Tax Year: 2023
  • Tax Amount: $1,428,523
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 1,824,500
  • High Value: 2,133,679
  • Low Value: 1,515,322

    Market Valuation

  • Market Total Value: $1,438,172
  • Market Land Value: $252,353
  • Market Improvement Value: $1,185,819

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,438,172
  • Assessed Land Value: $252,353
  • Assessed Improvements Value: $1,185,819

    Sales

  • Current Sale Contract Date: May 28, 2020
  • Current Sale Recording Date: May 28, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3361286
  • Previous Sale Recording Date: May 25, 2018
  • Previous Sale Contract Date: May 23, 2018
  • Previous Sale Amount: $1,325,000
  • 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 Regatta Bay


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Frequently Asked Questions

When was property at 489 Regatta Bay Boulevard built and last sold?
The property at 489 Regatta Bay Boulevard was built in 2016 and last sold on May 28, 2020 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 489 Regatta Bay Boulevard is $0.
What are some comparable homes to 489 Regatta Bay Boulevard?
There are currently no comparable homes to 489 Regatta Bay Boulevard.