Rare Bay front homesite in Kelly Plantation - A Once-in-a-Lifetime Opportunity!
We are proud to present one of the last remaining Bay front homesites from the original Kelly Plantation master plan--located within one of Destin's most prestigious gated golf and tennis communities. This is the one of the last available waterfront lots ideally positioned on a quiet cul-de-sac along Sawgrass Way and surrounded by beautifully crafted luxury homes.
This exceptional property offers breathtaking, unobstructed views of the Choctawhatchee Bay without interference from the Mid-Bay Bridge. It provides the perfect canvas to design and build your custom dream home, tailored entirely to your vision and lifestyle. With 102 feet of direct Bay frontage, the homesite can accommodate a substantial estate residence in the range of 4,000 to 6,500 square feet (subject to HOA guidelines). A new vinyl seawall, that is currently being completed by a licensed marine contractor at a cost of approximately $50,000, further enhances the property's value and readiness for development.
Kelly Plantation is renowned for its lush landscaping, natural beauty, and world-class amenities, including:
* A neoclassical-style clubhouse
* A 18-hole championship golf course
* Resort-style swimming pool and fitness center
* Five tennis courts
* Four pickle ball courts
* Scenic walking and biking trails, parks, and bay front boardwalks
Residents enjoy 24-hour gated security and a serene, nature-rich environment, all while being conveniently located in the heart of Destin. The community offers direct access to the bay, perfect for boating, kayaking, fishing, and dolphin watching.
Just across Highway 98, you'll find Destin's famous emerald-green waters and white sandy beaches,along with premier shopping, dining and entertainment at nearby Destin Commons. The airport is also just a short drive away, making travel effortless.
Opportunities like this are exceptionally rare. Secure your place in one of Destin's most sought-after communities and create a legacy waterfront home that will be treasured for generations.
Lot/land
$2,425,000
4505 Sawgrass Way, Destin, FL 32541
--beds
0baths
0.48Acres
Unimproved Land
Built in ----
0.48 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Rare bay front homesiteNatural beautyLush landscapingSerene nature-rich environment
- 110 days |
- 161 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Mary A Stephens 850-974-2709,
The Mary Stephens Team,
Greg Bahr 850-960-5489,
The Mary Stephens Team
Source: ECAOR,MLS#: 998586
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Bay, Bayou
- Has water view: Yes
- Water view: Bay,Bayou
- Waterfront features: Bay, Seawall
Lot
- Size: 0.48 Acres
- Dimensions: 102.04'' Bay front x 185.11' x 199.19' x 103.55''
- Features: Coastal Setback, Covenants, Cul-De-Sac, Flood Insurance Req, Interior Lot, Level, Restrictions, Survey Available, Within 1/2 Mile to Water, Wooded
Details
- Parcel number: 002S221356000J0030
- Zoning description: Deed Restrictions, Resid Single Family
Utilities & green energy
- Water: Public
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Features: BBQ Pit/Grill, Fitness Center, Fishing, Gated, Golf, Handball, Short Term Rental - Not Allowed, Pavillion/Gazebo, Playground, Pool, Tennis Court(s), Waterfront, Pickleball
- Subdivision: KELLY PLANTATION S/D PH 2 , Lot 3 Blk J
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Legal, Licenses/Permits, Management, Utilities, Recreational Faclty, Security, Services, Supplies
Location
- Region: Destin
Financial & listing details
- Tax assessed value: $973,824
- Annual tax amount: $10,027
- Date on market: 3/21/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,004/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2026 | Listed for sale | $2,425,000+86.6% |
Source: | ||
| 9/27/2023 | Listing removed | -- |
Source: | ||
| 9/23/2023 | Pending sale | $1,299,900 |
Source: | ||
| 9/22/2023 | Listed for sale | $1,299,900-23.3% |
Source: | ||
| 4/15/2022 | Listing removed | -- |
Source: | ||
| 11/18/2021 | Listing removed | $1,695,000+13.4% |
Source: | ||
| 3/23/2021 | Price change | $1,495,000+17.3% |
Source: | ||
| 6/21/2020 | Listed for sale | $1,275,000+24.4% |
Source: Coldwell Banker Residential Re #849103 Report a problem | ||
| 9/30/2004 | Sold | $1,025,000+34.9% |
Source: Public Record Report a problem | ||
| 2/6/2004 | Sold | $760,000+33.9% |
Source: Public Record Report a problem | ||
| 4/11/2002 | Sold | $567,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,414 +3.1% | $810,504 -16.8% |
| 2023 | $9,131 +11.9% | $973,823 +15.5% |
| 2022 | $8,157 +20.7% | $843,137 +38.5% |
| 2021 | $6,761 +3.9% | $608,944 +4.7% |
| 2020 | $6,509 +6% | $581,400 +7.6% |
| 2019 | $6,141 +0.6% | $540,220 +2% |
| 2018 | $6,104 | $529,627 +7% |
| 2017 | $6,104 +4.9% | $494,979 +8% |
| 2016 | $5,818 +8.7% | $458,315 +6% |
| 2015 | $5,350 +2.7% | $432,372 -0.3% |
| 2014 | $5,209 | $433,456 0% |
| 2013 | -- | $433,500 +2% |
| 2012 | -- | $425,018 -5% |
| 2011 | -- | $447,388 -10% |
| 2010 | -- | $497,090 -25% |
| 2009 | -- | $663,000 -18.8% |
| 2008 | -- | $816,000 |
| 2007 | -- | $816,000 |
| 2006 | -- | $816,000 +33.3% |
| 2005 | -- | $612,000 +32% |
| 2004 | -- | $463,590 +26.3% |
| 2003 | -- | $367,200 +10.3% |
| 2002 | -- | $332,928 +2% |
| 2001 | -- | $326,400 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32541
Nearby schools
GreatSchools rating
- 9/10Destin Middle SchoolGrades: 5-8Distance: 1.3 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 11.6 mi
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Okaloosa County
- Destin
- 32541
- 4505 Sawgrass Way








