See Home Value
$1,385,000
● House - Off Market

51 Tranquility Lane

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,545 Ft²
$8,105
Est. Monthly
1.07%
Cap Rate

About This Property

Beautifully renovated house near the beach in Destiny East.  No details were spared in the construction of the house, it features concrete walls, steel rafters, steel floor and ceiling joists, which help reduce insurance costs. The home comes fully furnished and rental ready. This home features elegant but casual living with various entertainment areas, a 24 x 24 separate balcony deck, a heated pool, a wet bar and much more. The neighborhood association has a fitness facility, two tennis courts, two swimming pools, a media room and a meeting area. This gorgeous house has also become a popular rental because of the decor, the amenities it offers and the proximity to the beach. New roof installed in 2017. Tankless water heater and new pool heater installed in 2024. The house is known on the rental market as Ocean Effect and has a 4.95 rental rating. This is the investment property that you have been looking for, great location (at the East entrance of the neighborhood), professionally upgraded and decorated interiors, offers lots of entertainment and has a proven rental record and high rental ratings from guests. Do not miss your chance to purchase Ocean Effect!
Unit Size
2,545 Ft²
Days on Market
158 days
Land Size
0.26 acres
Price per sqft
$570
Property Type
House
Property Taxes
$986
HOA Dues
-
Year Built
1998

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (ECAR #983772)

Price History

Date / Event Date Event Price
Jul 31, 2026 Sold
Sold
Apr 9, 2026 In contract -
In contract
Mar 23, 2026 Price Decreased $1,449,900
↓ $50K (3.3%)
Price Decreased
Feb 24, 2026 Relisted $1,499,900
Relisted
Feb 23, 2026 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,339
  • Total Building Area: 4,434
  • Gross Building Area: 4,434
  • Building Area: 2,545
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,545
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTINY EAST PH I
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTINY EAST PH IA LOT 48

Neighborhood

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

Geography

  • Parcel: 00-2S-22-0079-0000-0480
  • Lot: 48
  • Municipality: DESTIN
  • Latitude: 30.3822
  • Longitude: -86.4033

    Address

  • Full Address: 51 Tranquility Ln
  • Address - House Number: 51
  • Address - Street Name: Tranquility
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 4776
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,108
  • Tax Year: 2023
  • Tax Amount: $1,037,518
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 1,165,025
  • High Value: 1,393,633
  • Low Value: 936,416

    Market Valuation

  • Market Total Value: $868,493
  • Market Land Value: $299,050
  • Market Improvement Value: $569,443

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $868,493
  • Assessed Land Value: $299,050
  • Assessed Improvements Value: $569,443

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3651007
  • Previous Sale Recording Date: Sep 15, 2021
  • Previous Sale Contract Date: Sep 10, 2021
  • Previous Sale Amount: $1,250,000
  • 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


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 51 Tranquility Lane built and last sold?
The property at 51 Tranquility Lane was built in 1998 and last sold on Sep 15, 2023 for $1,360,000.
How much is this home worth?
The estimated value of the home located at 51 Tranquility Lane is $0.
What are some comparable homes to 51 Tranquility Lane?
There are currently no comparable homes to 51 Tranquility Lane.