NOT LISTED FOR SALE

4777 Bonaire Cay Destin, FL 32541

Destiny East Neighborhood

Estimated Value: $2,781,000 - $3,257,000

5 Beds
7 Baths
6,005 Sq Ft
$505/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $2,068,500 $344 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $19,536/month

44 Days on Market

Highlights

  • Heated In Ground Pool
  • Gated Community
  • Wood Flooring
  • Destin Elementary School Rated A-
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of July 2021

This sprawling beachside manor primely located in the gated enclave of Destiny East has been fully renovated offering an impressive three story vertical footprint with a striking Mediterranean architectural facade yielding expansive living spaces and detailed European influence throughout. Beautifully finished with designer furnishings and curated for top tier rental yield this five bedroom home allows for multiple indoor and outdoor living areas as well as $220,000 in projected annual income for 2021 (over $200,000 already booked YTD 2021). Heavily amenitized including a renovated pool and spa complete with wifi-integration for smart phone control, this property yields notable features including a first floor master suite with adjoining spa-like master bathroom as well as a three car garage and ample parking in the private parking court. Other highlights include a chef's kitchen on the first level adjacent to the 35' vaulted foyer with 25' coffered ceiling in the expansive living room adorned with timeless herringbone hardwood and tile flooring throughout. The first floor also offers a separate game room with pool table and in-home bar area as well as a secondary bedroom suite. Gorgeous, European-imported mahogany front doors and custom crafted maple doors are consistent throughout this home. The second floor offers two spacious suites that share a living room which leads to the expansive second floor sun deck offering ample privacy with a recessed sun ledge. The third floor is a secondary master suite yielding another spa-like bathroom and walk-in closet as well as a private balcony to soak in south facing views and gulf glimpses. Exemplary craftsmanship is on display from the custom iron railing on the stairwell to the stone balustrade that highlights the balcony railing, this home is truly one of a kind. Destiny East is located in the heart of Destin Florida with excellent proximity to world class shopping, dining, boating, golfing and local entertainment.

Last Listed By

Spears Group

Scenic Sotheby's International Realty Listed on: 04/22/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,453

Year Built

  • Built in 2004

Lot Details

  • 10,019 Sq Ft Lot
  • Partially Fenced Property
  • Privacy Fence
  • Irregular Lot
  • Sprinkler System

HOA Fees

  • $233 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Exterior Columns
  • Frame Construction
  • Slate Roof
  • Stucco
  • Slate

Interior Spaces

  • 6,005 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Furnished
  • Built-in Bookshelves
  • Woodwork
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Window Treatments
  • Bay Window
  • Family Room
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Cooktop with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Dressing Area
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Kitchen
  • Built-In Barbecue

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • High Efficiency Air Conditioning
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Multiple Water Heaters
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0073-000B-1240

Community Details

Overview

  • Association fees include master, recreational faclty, security
  • Destiny East Ph 2 Subdivision
  • The community has rules related to covenants

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Whirlpool Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,453

Year Built

Built in 2004

Lot Details

0

HOA Fees

$233 per month

Parking

3

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • Subdivision Name: DESTINY EAST PH 2
  • Directions: Traveling on Scenic Gulf Dr. proceed to south entrance of Destiny East--across from gate to Destiny by the Sea. Turn north through the Destiny East gate. Continue through the intersection. Turn right onto Bonaire Cay. House is on the right.
  • Architectural Style: Mediterranean
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2004
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Intercom, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Built-In Bookcases, Ceiling Cathedral, Ceiling Crwn Molding, Ceiling Raised, Ceiling Tray/Cofferd, Fireplace, Fireplace Gas, Floor Hardwood, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup, Wet Bar, Window Bay, Window Treatment All, Woodwork Painted
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Freezer: Yes
  • Appliances:Security System: Yes
  • Appliances:Intercom: Yes
  • Appliances:Central Vacuum: Yes

Exterior Features

  • Lot Features: Covenants, Irregular, Restrictions, Sidewalk, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Tile/Slate, Slab, Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Columns, Fenced Lot-Part, Fenced Privacy, Hot Tub, Patio Covered, Patio Open, Pool - Heated, Pool - In-Ground, Porch Open, Shower, Sprinkler System, Summer Kitchen
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Stucco: Yes
  • ConstructionSiding:Frame: Yes
  • Lot Features:Sidewalk: Yes
  • ConstructionSiding:Roof TileSlate: Yes
  • Lot Features:Irregular: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Garage, Oversized
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Oversized: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump A/A Two +, Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Community Room, Exercise Room, Gated Community, Picnic Area, Playground, Pool, Tennis, TV Cable, Whirlpool
  • Association #2 Fee: 700.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Master Association, Recreational Faclty, Security

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 00-2S-22-0073-000B-1240
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 14453.08
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jul 29, 2021
Sold by
Equisource Holding Corporation
Bought by
2 Fish Investments Llc
Seller's Agent
Spears Group
Scenic Sotheby's International Realty
Buyer's Agent
Gina Harris
Beach King Realty
List Price
$2,068,500
Sold Price
$2,068,500
Total Days on Market
44
Current Estimated Value
$3,033,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$964,871
Avg. Annual Appreciation
9.72%
Original Mortgage
$1,654,800
Outstanding Balance
$1,557,415
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$1,371,909

Purchase Details

Listed on
Feb 7, 2017
Closed on
Mar 27, 2017
Sold by
The Bank Of New York Mellom
Bought by
Bridge Well Capitral Llc
Seller's Agent
karrie rose
Keller Williams Realty Destin
Buyer's Agent
Steven Knight
Century 21 Wimco Realty Inc
List Price
$720,000
Sold Price
$720,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.31%
Original Mortgage
$150,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2016
Sold by
Ignas Kazimierz C
Bought by
The Bank Of New York Mellon and The Bank Of New York

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
2 Fish Investments Llc $2,068,500 Attorney
Bridge Well Capitral Llc $720,000 Attorney
The Bank Of New York Mellon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2 Fish Investments Llc $1,654,800
Previous Owner Equisource Holdings Corporation $150,000
Previous Owner Equisource Holding Corporation $1,202,500
Previous Owner Equisource Holdings Corporation $150,000
Previous Owner Bridge Well Capitral Llc $684,000
Previous Owner Ignas Kazimierz C $999,000
Previous Owner Ignas Kazimierz C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $2,068,500 0.0% $344 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $2,068,500 +187.3% $344 / Sq Ft
03/16/2017 03/16/17 Sold $720,000 0.0% $120 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $720,000 -- $120 / 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 $28,855 $2,713,526 $336,158 $2,377,368
2023 $28,855 $2,557,328 $232,715 $2,324,613
2022 $25,146 $2,086,669 $211,559 $1,875,110
2021 $15,529 $1,250,509 $183,355 $1,067,154
2020 $14,453 $1,155,146 $174,624 $980,522
2019 $14,172 $1,117,285 $174,624 $942,661
2018 $13,931 $1,084,885 $0 $0
2017 $13,511 $1,033,810 $0 $0
2016 $11,028 $885,701 $0 $0
2015 $11,171 $879,544 $0 $0
2014 $11,200 $871,299 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Emerald Coast Association of REALTORS®

MLS Number: 869949

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0073-000B-1240