tomo logo

$3,250,000

Beds
6
Baths
6.0
sq ft
3,750

514 Vera Cruz Dr, Destin, FL 32541

514 Vera Cruz Dr

Destin, FL 32541

  • 5 days on market
    • Open house Dec 22
Nestled in the highly desirable area of Holiday Isle. This exceptional waterfront beach home offers the perfect blend of coastal living and modern convenience. Situated just one block from the beach with Gulf views and directly on a deep-water canal, this home is truly a rare find. What sets this property apart is its unique features, including a fully covered and enclosed outdoor entertainment area with observation deck and two covered boat slips with lifts, and an impressive 90 feet of deep-water frontage. The home boasts two separate living areas (2nd Level - Main Level and 3rd Level Lockout) each with their own private entrances totaling six spacious bedrooms, six full bathrooms and two fully equipped kitchens, providing ample room for family & guests. The main floor is comprised of 4 spacious bedrooms and 4 baths, large living area, gourmet kitchen with breakfast bar and an office. The 3rd Level Lockout is comprised of 2 bedrooms with 2 full baths, living area, kitchen with breakfast bar. These two living areas can be utilized together or kept separate. Additionally, the lower level offers 2,500 square feet of unfinished space, perfect for storage, work area or customized to suit your needs. With its prime location, you're only eight houses away from the private beach access of Holiday Isle and a 15-minute boat ride to Crab Island or the Gulf of Mexico. Whether you're seeking a luxurious permanent residence or a lucrative investment property, this home delivers on all fronts. Embrace the best of waterfront living in this stunning Holiday Isle retreat. Short term rentals are allowed. Rental projections are $150,000 - $175,000.

Details

Property type

Single Family Residence

Est. home value

$2,674,415

Lot size

Unknown

Price per sq ft

$867

Year built

1972

Monthly HOA fee

$32.92

Price History

12/16/2024
EmeraldCoast

EmeraldCoast #964803

Listed
$3,250,000
+8.33%
03/29/2023
EmeraldCoast

EmeraldCoast #900108

Sold
$3,000,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

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

Thomas D Maurer Jr

Loan start date

March 2023

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

Seller take-back

Seller

Dennis Belden and Dennis C Belden Revocable Trust

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
$3,699,999
8 bd
|
7 ba
|
4,362 sq ft
|
House

34 Gulf Breeze Ct, Destin, FL 32541

EmeraldCoast
$3,400,000
6 bd
|
7 ba
|
3,172 sq ft
|
House

36 Gulf Breeze Ct, Destin, FL 32541

Price drop
EmeraldCoast
$3,495,000
4 bd
|
5.5 ba
|
4,149 sq ft
|
House

603 Gulf Shore Dr, Destin, FL 32541

Status: Active

Tomo last checked: 12/22/2024 at 12:30 AM

Listing updated: 12/20/2024 at 11:54 AM

Listed by: Kenneth R Koger, Kenneth R Koger, Kenneth Koger, Kenneth Koger, Century 21 AllPoints Realty Phone #: (850) 678-5161

MLS: EmeraldCoast #964803

EmeraldCoast logo

Recently listed in Destin

$329,900|3 bd|2.5 ba|Townhouse
$225,000|2 bd|2.5 ba|Townhouse
$225,000|2 bd|2.5 ba|Townhouse
$3,499,000|6 bd|6.0 ba|House