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$4,299,000

Beds
4
Baths
4.5
sq ft
6,104

612 Magnolia Dr, Destin, FL 32541

612 Magnolia Dr

Destin, FL 32541

  • 586 days on market
    • Price drop $200,000↓
PRICE REDUCTION ! Nothing spared in this completely renovated concrete and steel constructed gorgeous 6,000 + sq foot home on Holiday Isle. Completely furnished by Risa with designer pieces and luxury lighting, this stunning home will dazzle you with natural lighting from tall windows and high ceilings. With 80 feet of dock on a deep water canal that leads to the bay and the Gulf of Mexico, plus a boat slip that will host a midsize boat, this modern paradise beckons the avid boater. Framed by the new dock on 2 sides, the pool suggests a refreshing plunge after a wonderful day of deep sea fishing. All 3 stories have a master bedroom with the ground floor offering a ''captain's quarters' that includes a master bedroom, kitchen area and living space with a pool table. In addition to it's spectacular visual appeal, this home provides the most convenient living circumstances which include oversized closets in the bedrooms, a workroom between the 2 garage spaces, a central vacuum system, instant circulating tankless water heaters, a storage room on the roof top deck for your outdoor furniture during inclimate weater, and two laundry rooms, one on the first floor and one on the 3rd floor. Enjoy wonderful weather out on your roof top deck that expands across the whole house and is accessible by the spiral staircase or the elevator. With expansive 360 degree views that include the beautiful emerald green waters of the Gulf of Mexico, friends and family will seek out this incredible refuge to relax and mingle. Water and gas hookups on this roof deck offer the potential for a really fabulous outdoor kitchen to enhance your entertaining. Holiday Isle association provides private deeded beach access to all homeowners and guests. The photos of the 74 foot Viking parked out back references the docking capabilities of this home. Following is a list of new or replace items: showers, tubs cabinetry, entry doors, outdoor pavers, pool pump and filter, stucco done by Christian Perry, quartz countertops, sinks, Delta faucets and hardware, tile floors that look like hardwood, Viking appliances, A/C condensors, elevator, landscaping, sprinklers, exterior lighting, instant circulating tankless water heaters, liquid applied urethane roof deck, wired for wireless access points on all 4 floors, new dock with synthetic decking.

Details

Property type

Single Family Residence

Est. home value

$4,518,831

Lot size

0.24 acres

Price per sq ft

$705

Year built

2004

Monthly HOA fee

$39.42

Price History

08/12/2024
EmeraldCoast

EmeraldCoast #923389

Price change
$4,299,000
-4.45%
05/13/2024
EmeraldCoast

EmeraldCoast #923389

Listed
$4,499,000
05/13/2024
EmeraldCoast

EmeraldCoast #923389

Removed
$4,499,000

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

Destin Bank

Loan start date

June 2004

Original loan amount

$1,274,000

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Not Provided, 30 year

Seller

Gary W Sims and Suzy C Sims

Lender

Destin Bank

Loan start date

November 2002

Original loan amount

$250,000

Est. remaining balance

$0

Interest rate

6%

Loan type

Not Provided, 1 year

Seller

Gary W Sims and Suzy C Sims

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: 12/22/2024 at 11:25 AM

Listing updated: 11/14/2024 at 12:16 PM

Listed by: John C Baldree, John C Baldree, Mainsail Realty Company Phone #: (850) 585-1284

MLS: EmeraldCoast #923389

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