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$1,695,000

Beds
4
Baths
4.5
sq ft
3,340

503 Regatta Bay Blvd, Destin, FL 32541

503 Regatta Bay Blvd

Destin, FL 32541

  • 48 days on market
It's all about the VIEW! 503 Regatta Bay Blvd is located lake front on the 16th tee (no golf balls hit your house) in the prestigious Regatta Bay Lakes neighborhood. An excellent home for entertaining with 20' ceilings, wide open spaces, a grand staircase, disappearing sliding glass doors that open on to the screened in pool lanai with hot tub, built in outdoor kitchen, and plenty of room for seating that allows for al fresco dining while you watch the sunset and fireworks 3 times a year bug free. The pool bathroom helps keep water contained outside and comes with a shower to wash off the sand from the beach only 1.5 miles away. There are door alarms for peace of mind with little ones too. This multigenerational home offers 2 large primary suites on the main level, one has 2 large walk in closets with built in closet organizers and the other is ADA compliant and also has a large walk in closet that fits a wheel chair. Both suites have sliding glass doors that open on to the screened in porch and oversized bathrooms with tons of storage. A dedicated office with built ins and a sitting area owners are currently using as a dining room space complete the main floor. ( Large laundry room with picture window and tons of storage off the 2 ?? car garage complete the main floor). Upstairs covered lanai has amazing views of the golf course, lakes, and sky line and is perfect for reading a book or relaxing. There are 2 additional bedrooms upstairs, one with an attached full bath and a versatile 4th bedroom that functions perfectly as a studio apt with a new quartz bar top with seating and storage, a kitchenette to include a small sink, 2 mini fridges and a dishwasher. (think college kid who moves back in, a great space for an older teen or an amazing guest suite) or media room as owners currently use the space, great for watching the game with friends and family. The bunkroom could be a massive walk in closet or an ensuite bathroom depending on the next families needs. Tile floors downstairs are easy to keep clean (sand), carpet only on stairs and landing, and newly installed real hardwood floors in upstairs 3rd bedroom, 4th bedroom/media room and bunkroom. Too many updates to list (full list is attached) to include 2 new HVAC units, new hot water heater, new pool pump, new quartzite in kitchen, quartz in laundry room and 4th bedroom suite/media room, granite installed for outdoor built in bbq with tile backsplash wall for easy clean up, interior recently painted, new ceiling fans, 8 new screen panels replaced after SNOW! Owners also have a 4 point inspection report dated 10/2024 for low home insurance available. There is a Generac whole home generator, 2 termite bonds and a charger for an electric car out front on the side of the home. Regatta Bay is a private gated community, no short term rentals, within walking distance to shopping, dining, Whole Foods, Destin Middle School, Lulu's, Legendary Marina, and the beautiful Destin beaches. A perfect oasis, #1 in safest community in the area. Come experience the Regatta Bay lifestyle and make 503 Regatta Bay your home today. Video is available on YOU TUBE, look up by address. Assumable Mortgage of $376,000 at 2.25% rate!

Details

Property type

Single Family Residence

Est. home value

$1,516,985

Lot size

Unknown

Price per sq ft

$508

Year built

2004

Monthly HOA fee

$253.33

Price History

02/14/2025
EmeraldCoast

EmeraldCoast #968579

Listed
$1,695,000
-0.29%
10/01/2024
EmeraldCoast

EmeraldCoast #950548

Removed
$1,699,900
08/26/2024
EmeraldCoast

EmeraldCoast #950548

Price change
$1,699,900
-2.86%

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

$1,171,989
Asking price
$1,695,000
Closing costs (~8% of asking)
-$135,600
Est. remaining loan balance
-$387,411
Cash to seller
$1,171,989

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

Seller’s Loan History

Lender

Mld Mortgage

Loan start date

September 2020

Original loan amount

$431,100

Est. remaining balance

$387,411

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

William Scott Johnson and Jan Johnson

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?

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Status: Active

Tomo last checked: 04/03/2025 at 3:20 PM

Listing updated: 03/26/2025 at 1:01 PM

Listed by: Erin Treadwell, Erin A Treadwell, Erin A Treadwell, Erin Treadwell, Erin Treadwell, Mainsail Realty Company Phone #: (850) 585-1284

MLS: EmeraldCoast #968579

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