tomo logo

$1,849,000

Beds
5
Baths
4.5
sq ft
4,456

4 St Barts Bay, Destin, FL 32541

4 St Barts Bay

Destin, FL 32541

  • 284 days on market
    • Price drop $348,000↓
If you're looking for a property that offers both immediate income potential and the comfort of a beautiful home, 4 St. Barts in Destiny East may be exactly what you've been waiting for. For those planning to use the home as a rental, the current owner, who also operates Hermosa Residential Resorts, is offering professional property management at no cost for the first year. This thoughtful arrangement can help you save over 18 percent in operating expenses from the start, while also giving you the benefit of experienced oversight. This property has a proven rental history for the last five years with many loyal repeat guests. The property currently has $100k on the books for 2025 and projections exceeding $160k.If you're planning to make 4 St. Barts your personal home, there's a different offer in place to help you settle in comfortably. The current owner will repaint the interior and replace all carpeting at no cost to you, creating a fresh and welcoming environment. They'll also handle the arrangements, so your move-in experience is as smooth and stress-free as possible. This incentive is reserved for those planning to live in the home and does not apply to rental use. On the garage level, you'll find approximately 1,500 square feet of buildable space, giving you the possibility to create a guest suite, home office, gym, or additional storage. A two-car garage adds practical convenience for daily living. Situated in the gated beachside community of Destiny East, 4 St. Barts is located on the most southern street in the neighborhood. This ideal spot provides direct walking access to Scenic 98's sidewalks, perfect for beachside strolls. During the summer, traffic in Destin can be heavy, but residents of Destiny East benefit from access to both Scenic 98 and Highway 98. This allows easy access to the beach from the south entrance and quick trips for shopping, dining, or errands from the north entrance. Inside, thoughtful design touches make the home feel both elegant and functional. The exterior was freshly painted in May 2024 using high-quality acrylic latex paint. The kitchen features custom soft-close cabinetry, a spacious island with a second sink, and double ovens, creating a layout that works well for both everyday cooking and entertaining. The primary suite includes a bamboo ceiling with crown molding and soft, indirect lighting for a peaceful atmosphere. Just outside the bedroom, there's a wet bar and a private balcony where you can take in calming views of the Gulf of Mexico. Another standout feature is the generously sized balcony with a hot tub, offering a perfect spot to unwind or host guests. As a resident of Destiny East, you'll also enjoy access to top-tier amenities such as an exercise room, movie theater, clubhouse, tennis courts, playground, lakefront pool, and hot tub. There is always that one property in the market that feels like the right fit, and this could be the one.

Details

Property type

Single Family Residence

Est. home value

$2,022,645

Lot size

8,276 sq ft

Price per sq ft

$415

Year built

1998

Monthly HOA fee

$283.33

Price History

03/19/2025
EmeraldCoast

EmeraldCoast #953158

Price change
$1,849,000
-15.84%
03/19/2025
EmeraldCoast

EmeraldCoast #953158

Removed
$2,197,000
06/24/2024
EmeraldCoast

EmeraldCoast #953158

Listed
$2,197,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Gated, Pool, Tennis Court(s)

Negotiation Insights

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

Seller could get up to

$936,672
Asking price
$1,849,000
Closing costs (~8% of asking)
-$147,920
Est. remaining loan balance
-$764,408
Cash to seller
$936,672

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

November 2021

Original loan amount

$825,000

Est. remaining balance

$764,408

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Blake Shorey

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?

Similar Homes Nearby

Price drop
EmeraldCoast
$1,950,000
5 bd
|
4.5 ba
|
3,120 sq ft
|
House

4842 Ocean Blvd, Destin, FL 32541

EmeraldCoast
$1,949,000
5 bd
|
4.5 ba
|
3,415 sq ft
|
House

9 St Barts Bay, Destin, FL 32541

Price drop
EmeraldCoast
$1,850,000
5 bd
|
4.5 ba
|
2,875 sq ft
|
House

4621 Paradise Isle, Destin, FL 32541

Status: Active

Tomo last checked: 04/04/2025 at 8:05 AM

Listing updated: 03/20/2025 at 10:31 PM

Listed by: Blake C Shorey, Blake Shorey, Blake C Shorey, Blake C Shorey, Christies International Real Estate Emerald Coast Phone #: (850) 660-1830

MLS: EmeraldCoast #953158

EmeraldCoast logo

Recently listed in Destin

$330,000|2 bd|2.0 ba|House
$2,150,000|4 bd|4.5 ba|House
$2,500,000|6 bd|4.0 ba|House
$880,000|5 bd|3.5 ba|House
$1,100,000|6 bd|3.5 ba|House