NOT LISTED FOR SALE

Estimated Value: $5,257,000 - $7,979,000

6 Beds
6.5 Baths
5,697 Sq Ft
$1,185/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $8,000,000 $1,404 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $41,981/month

167 Days on Market

Highlights

  • Beach
  • Heated Pool
  • Gated Community
  • Bay Elementary School Rated A-
  • Gulf View
  • Maid or Guest Quarters

About This Home

As of October 2023

MAJESTICALLY PERCHED FACING THE ONLY BEACHFRONT GARDEN LOT, THIS INCREDIBLE RESIDENCE OFFERS UNOBSTRUCTED VIEWS OF THE GULF OF MEXICO. Il Paradiso means Heaven, and this property will transport you to a private sanctuary sheltered by the warm breeze and calming waves. A modern-style estate nestled within the gated neighborhood of Paradise by the Sea is this expansive residence featuring a 4-bedroom & 4.5-bathroom main home, 2-bedroom & 2-bathroom guest home, 1,391 square feet climate-controlled garage, infinity edge swimming pool, private courtyard and multiple terraces. Every element of this secluded retreat has been meticulously selected and sourced from vendors around the world to provide only the most luxurious finishes and features. ALL CONSTRUCTION MATERIALS THROUGHOUT THE HOME ARE CUSTOM AND OF THE HIGHEST QUALITY. A showcase three-story cantilever staircase clad with white oak steps and sea grass infused panels custom made by Utah-based company 3Form provides access to each level of the main home. At the heart of the primary living area, you will find a circular entertainment room with dome ceiling and one-of-a-kind chandelier imported from Morocco. The artisan chandelier is a slightly modified version of one found in the Kasbah Tamadot luxury resort owned by Sir Richard Branson.
Coral shell limestone floors beautifully contrast with a Sapele wood gallery hall illuminated with lighting handmade in Italy by Catellani & Smith, in the open living and dining spaces. The expansive living area features curved ceilings and a gas fireplace while the dining area provides ample space to host elegant gatherings. A custom-designed chef's kitchen from notable German manufacturer Bulthaup includes sleek aluminum cabinetry, a 12' x 4' stainless-steel countertop, two Fisher & Paykel dishwashers, three sinks, large capacity drawers throughout, Gaggenau cooktop, oven, full-service coffee maker, Sub-Zero icemaker, refrigerator, and drawers. The kitchen opens through a large sliding pocket door to a spacious patio with both lounging and dining areas, infinity edge pool and covered summer kitchen complete with pizza oven, sink, Luxor grill and a two-burner cooktop. Additionally, this floor has a guest suite with ensuite bathroom, powder bath and an office.
Encompassing the third level is the SPECTACULAR MASTER SUITE WITH UNOBSTRUCTED GULF VIEWS from the plethora of windows. It offers a separate sitting area, private Gulf view terrace and a raised yoga/reading room facing the Gulf of Mexico. The stunning ensuite has a recycled glass countertop equipped with interlayer lighting, custom-made by Think Glass in Toronto, Canada, Victoria + Albert soaking tub and sinks, high-end GROHE fixtures, and a large walk-in shower. Glass doors infused with silk ribbons encase the multiple closets including a primary closet with large drawers, shoe shelving, cedar storage for long dresses and an island for folding clothes or packing a suitcase. Additional closets flow into the ensuite bath for any overflow clothing plus linens and toiletries. There is also a full laundry room complete with sink, mini-refrigerator and additional custom cabinetry.
THE CROWN JEWEL OF THE HOME IS THE ONE-OF-A-KIND WRAPAROUND TERRACE WITH 360-DEGREE VISTAS OF THE GULF OF MEXICO, 30A, ALYS BEACH AND SURROUNDING AREAS. It is an exquisite spot to relax and enjoy the sea breeze. The floor to ceiling windows on the inside surrounds an area devoted to relaxation and entertainment. The media/second living room also includes a full wet bar with Sub-Zero mini-refrigerator, sink, Miele dishwasher and a full ensuite bathroom. It could easily double as a guest bedroom.
Stunning features of this residence include a circular dome wine cellar located on the first level that is visible from the second-story office via a round glass floor panel. The cellar has a capacity of 1000+ wall mounted bottles and features an independent HVAC cooling system with humidity and mold/mildew control. Also on the ground floor, find a guest bedroom with ensuite bathroom, prep kitchen with a 42" Sub-Zero refrigerator, overflow pantry, stack washer/dryer and an elevator that services three stories of the home.
The meticulously maintained courtyard situated between the main and guest houses allows plentiful room for sitting and enjoying the water feature which recirculates the length of the courtyard. Custom double doors with Rocky Mountain hardware open into the generous living space with fireplace and private patio. The kitchen was outfitted by Bulthaup and includes a Sub-Zero refrigerator and freezer drawers, wine cooler, Miele stove, dishwasher and stove top. There are two additional bedrooms each with their own ensuite bathroom and a stack washer/dryer in the guest residence.
The three-car garage includes a dedicated HVAC system to both cool/warm and keep salt air out that damages vehicles or stored items. It includes two large climate-controlled storage rooms and a garage floor complete with drainage to accommodate an indoor car wash. Additional highlights include a whole house Generac generator, Control 4 Smart Home Automation System and recently updated lush landscaping with enhanced exterior lighting.
THE OUTPOURING OF DETAIL AND THOUGHT PUT INTO THIS MAJESTIC RESIDENCE IS UNPARALLELED ALONG THE EMERALD COAST. It is truly a rare opportunity for a discerning buyer seeking an incomparable retreat only steps from the Gulf of Mexico. Paradise by the Sea is a boutique luxury home community where all rentals must be a minimum of 6 months. the neighborhood is perfectly situated between the amenities of alys beach and rosemary beach. Il PARADISO IS A SANCTUARY WITH EVERY LUXURY FOR THE BUYER WITH DISCRIMINATING TASTE!

Last Listed By

Anne Winicki

Berkshire Hathaway HomeServices License #705369 Listed on: 03/10/2023

Berkshire Hathaway HomeServices

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,988

Year Built

  • Built in 2015

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 62 x 185 x 69 x 172
  • Property fronts a private road
  • Privacy Fence
  • Sprinkler System

HOA Fees

  • $552 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wallpaper
  • Concrete Roof
  • Concrete Siding

Interior Spaces

  • 5,697 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • Dressing Area
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Kitchen

Additional Homes

  • Dwelling with Separate Living Area

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Tankless Water Heater
  • Multiple Water Heaters

Listing and Financial Details

  • Assessor Parcel Number 35-3S-18-16020-00B-0050

Community Details

Overview

  • Association fees include management, security
  • Paradise By The Sea Subdivision
  • The community has rules related to covenants

Recreation

  • Beach

Security

  • Gated Community
  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,988

Year Built

Built in 2015

Lot Details

0

HOA Fees

$552 per month

Parking

3

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Lot Size: 62 x 185 x 69 x 172
  • Road Frontage Type: Private Road
  • Subdivision Name: PARADISE BY THE SEA
  • Directions: Paradise by the Sea has controlled access and is located between Alys Beach and Sandy Shores. Enter through the gate and follow around curve, home is on the right.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 4
  • Year Built: 2015
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Ice Machine, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Washer, Wine Refrigerator
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Breakfast Bar, Ceiling Beamed, Ceiling Raised, Elevator, Fireplace 2+, Floor Hardwood, Floor Tile, Furnished - Some, Guest Quarters, Kitchen Island, Wallpaper, Wet Bar, Window Treatment All
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Security System: Yes
  • Appliances:Wine Refrigerator: Yes

Exterior Features

  • Lot Features: Covenants, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Concrete, Roof Concrete
  • Exterior Features: Balcony, Fenced Privacy, Fireplace, Guest Quarters, Patio Covered, Patio Open, Pool - Heated, Porch, Porch Open, Separate Living Area, Shower, Sprinkler System, Summer Kitchen
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Roof Concrete: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Oversized
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Oversized: Yes

Utilities

  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural

Condo/Co-op/Association

  • Community Features: Beach, Gated Community
  • Association #2 Fee: 6620.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Management, Security

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 35-3S-18-16020-00B-0050
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 45987.66
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Oct 3, 2023
Sold by
Taheri Nossi
Bought by
Spell Richard Allan and Spell Sandra D
Seller's Agent
Anne Winicki
Berkshire Hathaway HomeServices
Buyer's Agent
Beau Blankenship
Christies International Real Estate Emerald Coast
List Price
$9,250,000
Sold Price
$8,000,000
Premium/Discount to List
-$1,250,000
-13.51%
Total Days on Market
167
Views
222
Current Estimated Value
$6,751,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,248,450
Avg. Annual Appreciation
-10.24%

Purchase Details

Closed on
Jan 27, 2023
Sold by
Nossi Taheri Revocable Trust
Bought by
Tla Property Holdings Llc

Purchase Details

Closed on
Nov 16, 2018
Sold by
Taheri Nossi and Vaziri Hope
Bought by
Taheri Nossi and Nossi Taheri Revocable Trust

Purchase Details

Closed on
Nov 15, 2010
Sold by
Mosley Investments L P
Bought by
Thunderbird Global Enterprises Llc

Purchase Details

Closed on
Mar 22, 2005
Sold by
Lovelady James Michael and Lovelady Peggy Hayes
Bought by
Mosley Investments Lp

Purchase Details

Closed on
Oct 31, 2000
Sold by
Fleming Craig W and Whitehurst Mark
Bought by
Lovelady James Michael and Lovelady Peggy Hayes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
7.5%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Spell Richard Allan $8,000,000 30A Title
Tla Property Holdings Llc $2,600,000 Mcneese Title
Taheri Nossi -- Attorney
Thunderbird Global Enterprises Llc $603,900 None Available
Mosley Investments Lp $1,650,000 Southern Escrow & Title Llc
Lovelady James Michael $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lovelady James Michael $220,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2023 10/03/23 Sold $8,000,000 -11.1% $1,404 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $8,995,000 -2.8% $1,579 / Sq Ft
03/10/2023 03/10/23 For Sale $9,250,000 0.0% $1,624 / Sq Ft
02/17/2023 02/17/23 Off Market $9,250,000 -- --
01/19/2023 01/19/23 For Sale $9,250,000 -- $1,624 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $45,813 $6,247,570 $2,100,000 $4,147,570
2023 $45,813 $5,080,209 $0 $0
2022 $45,355 $4,932,242 $0 $0
2021 $45,988 $4,788,584 $0 $0
2020 $46,769 $4,806,923 $2,384,366 $2,422,557
2019 $45,473 $4,616,294 $0 $0
2018 $44,799 $4,530,220 $0 $0
2017 $43,609 $4,437,042 $0 $0
2016 $30,353 $3,288,186 $0 $0
2015 $5,006 $510,000 $0 $0
2014 $4,598 $460,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Emerald Coast Association of REALTORS®

MLS Number: 915247

Emerald Coast Association of REALTORS®

APN: 35-3S-18-16020-00B-0050