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$8,500,000

Beds
8
Baths
8.5
sq ft
6,465

3463 Scenic Highway 98, Destin, FL 32541

3463 Scenic Highway 98

Destin, FL 32541

  • 1 day on market
SPLASH presents a unique opportunity with this exceptional 8-bedroom, 9-bathroom home, permanently grandfathered under the Bert Harris Act. Unlike many rental properties that were only granted this status for five years (with just a couple of months left), this property is exempt from the restrictive occupancy and parking ordinances enforced by the City of Destin in 2019, ensuring a continual stream of revenue for years to come with projections around $750K+.Ideal for large gatherings such as family reunions, weddings, or retreats, Splash accommodates up to 34 guests. The property boasts a stunning 80,000-gallon private resort-style pool area featuring a sunken swim-up cabana bar with 12 underwater chairs, an adjoining spa, and an expansive level outdoor kitchen and living space. Additional amenities include three full-size washers and dryers, numerous refrigerators and ice machines, a spacious open-concept living area perfect for dining, a private commercial-grade elevator, seven balconies, a garage, a game room, and a rooftop deck on the fourth floor where you can enjoy breathtaking sunsets every day. The first floor layout includes a dual laundry area, two full bedrooms, an industrial-style game room complete with a built-in wet bar and a full-size Viking fridge, as well as a large bunk area and two full bathrooms. The second floor serves as the heart of the home, featuring a spacious living room with floor-to-ceiling windows that offer stunning views of the Gulf, a gas fireplace, and a built-in entertainment center that flows into a massive dining area overlooking the beach. The generous kitchen boasts custom floor-to-ceiling cabinetry, paneled Viking appliances, a gas range, a walk-in pantry, and a large center island with beautifully crafted shell-infused custom countertops. This level also includes two full bedrooms with ensuite bathrooms, a half bath, and access to the outdoor dining area overlooking the lagoon-style pool. The third floor hosts three full bedrooms, including dual master suites, an impressive bunk room with an ensuite bathroom, and a dual laundry area. Wrap-around balconies and a fourth-floor viewing deck maximize the incredible Gulf and lake views surrounding this prestigious home. Owners at Grand Palms enjoy full access to the amenities in the gated Destiny West community, along with convenient proximity to several beach access points. This home is just steps from the beach and within walking distance to restaurants, shopping, golf, dining, and all the activities our beautiful emerald coast has to offer!

Details

Property type

Single Family Residence

Est. home value

$6,011,579

Lot size

0.31 acres

Price per sq ft

$1,315

Year built

2015

Monthly HOA fee

$295.83

Price History

11/18/2024
EmeraldCoast

EmeraldCoast #963276

Listed
$8,500,000
+30.87%
05/25/2022
EmeraldCoast

EmeraldCoast #889145

Sold
$6,495,000
+79.67%
02/10/2016
EmeraldCoast

EmeraldCoast #740174

Sold
$3,615,000
+6.32%

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

Community features: 

Pool, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fcb Banks

Loan start date

May 2022

Original loan amount

$3,990,232

Est. remaining balance

Not provided

Interest rate

3.91%

Loan type

Commercial, 10 year

Seller

Ahst 238 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 4:20 AM

Listing updated: 11/18/2024 at 7:09 PM

Listed by: Kelly R Sipes, Kelly R Sipes, Kelly R Sipes, Kelly R Sipes, Bastion Realty LLC Phone #: (850) 420-1959

MLS: EmeraldCoast #963276

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