Check Availability
$5,500,000
↓ $1M (15.4%)
House - For Sale

620 Magnolia Drive

Destin, FL 32541
bedrooms
6 Beds
bathrooms
5 Baths
square feet
4649 Sqft
$27,962
Estimated Monthly

About This Property

NEW DEEP-WATER LISTING on HOLIDAY ISLE ~ 620 Magnolia Drive exemplifies the distinctive and timeless Mid-Century Modern style throughout this spectacular waterfront estate, located on the exclusive Holiday Isle of Destin, Florida.  This property has been meticulously renovated and expanded into a resort-style compound featuring a phenomenal cabana home alongside the expansive ~18' x 33' heated pool and 8-person hot-tub, multi-tiered pool deck pavilion, poolside lanai, glass balustrades, high quality artificial turf, and enlargeable deep-water dock, slip, and boat lift.  The result of this magnificent project is one of Holiday Isle's most elite addresses, oriented in convenient proximity to the deeded beach access afforded to the fortunate owners of this low density, waterfront...

The manager has listed the unit size as 4649 square feet.
Unit Size
4,649Ft²
Days on Market
58 days
Land Size
0.61 acres
Price per sqft
$1,183
Property Type
House
Property Taxes
$955
HOA Dues
-
Year Built
1971

Listed By

Last updated: 18 days ago (ECARMLSFL #948211)

Price History

Date / Event Date Event Price
Jun 6, 2024 Price Decreased $5,500,000
↓ $1M (15.4%)
Price Decreased
Apr 26, 2024 Listed by Somers &Company $6,500,000
Listed by Somers &Company
Mar 25, 2013 Sold to Bank National Trust Company... $20,100
Sold to Bank National Trust Company...

Property Highlights

With View
Exterior Details

Pool Information

Pool

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Type: unknown
  • Garage Square Area: 529
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,387
  • Lot Size Frontage Feet: 500
  • Total Building Area: 7,424
  • Gross Building Area: 7,424
  • Building Area: 4,590
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,590
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HOLIDAY ISLE
  • Land Acres: 0.606
  • Legal Description 1: HOLIDAY ISLE LOT 27 BLK E

Ownership

  • Current Owner : DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Previous Owner : BEHETY HAYES CARMEN R
  • Is Owner Occupied: unknown
  • Ownership Rights Codes: unknown

Neighborhood

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

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-2186-000E-0270
  • Block: E
  • Lot: 27
  • Municipality: DESTIN
  • Latitude: 30.3855
  • Longitude: -86.4903

    Address

  • Full Address: 620 Magnolia Dr
  • Address - House Number: 620
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C004
  • 4-Digit Zip Code: 3158
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 5,256
  • Tax Year: 2023
  • Tax Amount: $11,466
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 1,354,744
  • High Value: 1,687,734
  • Low Value: 1,021,753

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,403,185
  • First Open Lien Mortgage Lender: FIRST FLORIDA BANK
  • First Open Lien Mortgage Recording Date: Jan 06, 2015
  • First Open Lien Mortgage Loan Amount: $723,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2045
  • Second Open Lien Mortgage Lender: RENASANT BANK
  • Second Open Lien Mortgage Recording Date: Feb 17, 2016
  • Second Open Lien Mortgage Loan Amount: $680,185
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2046

    Market Valuation

  • Market Total Value: $2,086,043
  • Market Land Value: $1,090,089
  • Market Improvement Value: $995,954

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $998,325

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 2013
  • Current Sale Recording Date: Mar 25, 2013
  • Current Sale Transaction ID: 1066333062
  • Current Sale Price: $20,100
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2843171

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$5,750,000 May 10, 2023
-
$1,661/mo

About Holiday Isle


Similar Homes for Sale

Unit for sale at 57 Lands End Drive, Destin, FL 32541

$5,750,000

  • Land
57 Lands End Drive, Destin, FL 32541 Listing by Lindsey K Lynch

Nearby Rentals

Unit for rent at 4000 Gulf Terrace Drive, Destin, FL, 32541

$1,600 /mo

  • 1 Bed
  • 1.5 Baths
  • 738 ft²
4000 Gulf Terrace Drive #120, Destin, FL, 32541 Listing by Terry L Edwards
Unit for rent at 734 Legion Drive, Destin, FL, 32541

$2,150 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,280 ft²
734 Legion Drive #90, Destin, FL, 32541 Listing by Garrett A Walker
Unit for rent at 300 Gulf Shore Drive, Destin, FL, 32541

$2,900 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
300 Gulf Shore Drive #108, Destin, FL, 32541 Listing by Justin B Myers


Frequently Asked Questions

When was property at 620 Magnolia Drive built and last sold?
The property at 620 Magnolia Drive was built in 1971 and last sold on Mar 21, 2013 for $20,100.
How much is this home worth?
The estimated value of the home located at 620 Magnolia Drive is $6,565,000.
What are some comparable homes to 620 Magnolia Drive?
Homes that are comparable to 620 Magnolia Drive include a land property at 57 Lands End Drive, located in Destin, FL.

Quantcast