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Sold for $5,500,000
  • $5,500,000

    4518 Olde Plantation Pl, Destin, FL 32541

    5beds
    7,027sqft
    Single Family Residence
    Built in 2007
    0.82 Acres Lot
    $5,512,300 Zestimate®
    $783/sqft
    $7,395 Estimated rent

    Home value

    $5,512,300

    $5.02M - $6.06M

    $7,395/mo

    Zestimate® history
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    What's special

    Private dockJet ski slipsSolid marble fireplaceMassive resort style poolAdditional pontoon slipWatercraft liftsBoat slips
    Finely appointed and beautifully remodeled with professional design by Duce & Co, this prestigious estate is located within the gates of Kelly Plantation and is the epitome of luxury living; the ultimate playground for water enthusiasts situated on 145 feet of majestic western facing bayou vistas featuring a newly built 80' state of the art deep water boat slip. Thoughtfully reimagined by Duce & Co, this regal residence boasts brilliant design details, an expansive open floor plan, and a custom-tailored dock featuring an 80-foot deep water boat slip with additional pontoon slip, as well as jet ski slips. With 145 feet of bayou frontage on wide, deep water, this home offers unparalleled access to Destin's vibrant waterways and the luckiest fishing village on earth! This rare opportunity combines elegance and functionality, situated on a lot graced with mature live oaks and magnolias, and newly installed tropical modern landscaping that accentuates its impressive architectural facade. From the moment of arrival, the stunning brick paver circular drive and porte-cochère set a tone of sophistication, leading to custom designed solid wood entry doors that open into a grand foyer with double height ceiling. Inside, the home's refined craftsmanship is immediately apparent, with soaring 23-foot ceilings in the living room, a dramatic newly minted solid marble fireplace, and an adjoining formal dining room perfect for hosting guests. The wood clad study/library exudes timeless charm with custom-built shelving. The luxurious primary wing is a private retreat, featuring a spacious waterfront bedroom, two large walk-in closets, and a spa-inspired bath complete with a soaking tub, a large double vanity, a private water closet, and a walk-in shower. The heart of the home unfolds in the open concept living area, where a large casual dining space flows into the fully renovated chef's kitchen. The kitchen dazzles with custom cabinetry, gleaming stone countertops, an expansive breakfast bar, a walk-in pantry, and premium Viking appliances, including a gas cooktop and double dishwashers anchored in the oversized center island. Adjacent is the leisure room, where sliding glass pocket doors open at a 45-degree angle to seamlessly connect indoor and outdoor living. Designed for entertaining and family living, the property includes two ensuite guest rooms on the main level, a generously sized laundry center, and a second-floor media room, complete with a 100" + big screen television and finely appointed luxury recliners. Upstairs, there are two additional ensuite bedrooms and a 12.5' x 29' heated and cooled storage room as well as a glass railed balcony for soaking in the bayou vistas at sunset. Throughout the home, exquisite touches abound, from deep crown molding and custom floors to designer lighting and thoughtful lighting detail & finishes, reflecting unparalleled attention to craft. The outdoor living area is a private oasis, featuring a newly built summer kitchen, a massive resort style pool with a tranquil water feature, and a private dock equipped with boat slips and watercraft lifts. Designed to accommodate a large 80' vessel, the dock provides seamless access to the open bay just three lots away, making it a short ride to Crab Island, Destin Harbor, and the Gulf of Mexico. For peace of mind, the property includes a generator access. Fully renovated, this home is a true masterpiece offering waterfront living at its finest. If you're seeking an unparalleled combination of elegance, functionality, and access to world-class boating, golfing, white sand beaches as well as the world class restaurants and shopping nearby, this Kelly Plantation residence is your ultimate destination. Reach out to us today for more information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Spears Group 850-710-2114,

    Compass

    Bought with:

    Dustin L Cornwell, 3470752

    Dream Destin Realty PLLC

    Source: ECAOR,MLS#: 978618MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: First
    • Area: 402.48 Square Feet
    • Dimensions: 23.4 x 17.2
    Bedroom
    • Level: First
    • Area: 193.7 Square Feet
    • Dimensions: 14.9 x 13
    Bedroom
    • Level: First
    • Area: 321.6 Square Feet
    • Dimensions: 24 x 13.4
    Bedroom
    • Level: Second
    • Area: 391 Square Feet
    • Dimensions: 23 x 17
    Bedroom
    • Level: Second
    • Area: 350 Square Feet
    • Dimensions: 28 x 12.5
    Primary bathroom
    • Level: First
    • Area: 565.8 Square Feet
    • Dimensions: 41 x 13.8
    Breakfast room
    • Level: First
    • Area: 110 Square Feet
    • Dimensions: 11 x 10
    Dining room
    • Level: First
    • Area: 154.88 Square Feet
    • Dimensions: 12.8 x 12.1
    Family room
    • Level: First
    • Area: 355.26 Square Feet
    • Dimensions: 19.1 x 18.6
    Foyer
    • Level: First
    • Area: 63 Square Feet
    • Dimensions: 12.6 x 5
    Garage
    • Level: First
    • Area: 822.8 Square Feet
    • Dimensions: 37.4 x 22
    Kitchen
    • Level: First
    • Area: 337.92 Square Feet
    • Dimensions: 19.2 x 17.6
    Laundry
    • Level: First
    • Area: 115.6 Square Feet
    • Dimensions: 17 x 6.8
    Living room
    • Level: First
    • Area: 426.91 Square Feet
    • Dimensions: 22.6 x 18.9
    Loft
    • Level: Second
    • Area: 440 Square Feet
    • Dimensions: 22 x 20
    Office
    • Level: First
    • Area: 262.8 Square Feet
    • Dimensions: 18 x 14.6
    Storage
    • Level: First
    • Area: 67.32 Square Feet
    • Dimensions: 9.9 x 6.8
    Storage
    • Level: Second
    • Area: 350 Square Feet
    • Dimensions: 28 x 12.5
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Dryer, Microwave, Refrigerator, Washer
    Features
    • Breakfast Bar, Cathedral Ceiling(s), Crown Molding, Vaulted Ceiling(s), Tray Ceiling(s), Kitchen Island, Recessed Lighting
    • Flooring: Tile
    • Has fireplace: Yes
    • Fireplace features: Gas
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 7,027
    • Total interior livable area: 7,027 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    Features
    • Stories: 2
    • Patio & porch: Covered
    • Exterior features: Outdoor Grill, Balcony, Boat Slip, Columns, Dock, Private Yard, Outdoor Kitchen
    • Pool features: Heated, In Ground
    • Has view: Yes
    • View description: Bayou
    • Has water view: Yes
    • Water view: Bayou
    • Waterfront features: Bay, Bayou, Seawall
    Lot
    • Size: 0.82 Acres
    • Dimensions: 135 x 288 x 145 x 268
    • Features: Covenants, Restrictions, Sidewalk, Within 1/2 Mile to Water
    Details
    • Parcel number: 002S221355000F0210
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mediterranean
    • Property subtype: Single Family Residence
    Materials
    • Frame, Stucco
    • Foundation: Slab
    • Roof: Slate
    Condition
    • Construction Complete
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Community
    • Community features: Community Room, Fitness Center, Minimum Rental Prd, Picnic Area, Playground, Pool, Tennis Court(s), Waterfront
    Location
    • Region: Destin
    • Subdivision: KELLY PLANTATION S/D

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/10/2025Sold$5,500,000-8.3%$783/sqft
    Source: ECAOR #978618 Report a problem
    7/8/2025Pending sale$5,999,000$854/sqft
    Source: ECAOR #978618 Report a problem
    6/21/2025Listed for sale$5,999,000$854/sqft
    Source: ECAOR #978618 Report a problem
    6/20/2025Pending sale$5,999,000$854/sqft
    Source: ECAOR #978618 Report a problem
    6/12/2025Listed for sale$5,999,000-7.6%$854/sqft
    Source: ECAOR #978618 Report a problem
    6/10/2025Listing removed$6,495,000$924/sqft
    Source: ECAOR #976839 Report a problem
    5/21/2025Price change$6,495,000-7.1%$924/sqft
    Source: ECAOR #976839 Report a problem
    11/18/2024Listed for sale$6,995,000+84.1%$995/sqft
    Source: ECAOR #963262 Report a problem
    5/27/2022Sold$3,800,000-13.5%$541/sqft
    Source: ECAOR #894660 Report a problem
    4/26/2022Pending sale$4,395,000$625/sqft
    Source: ECAOR #894660 Report a problem
    4/6/2022Listed for sale$4,395,000$625/sqft
    Source: ECAOR #894660 Report a problem
    4/1/2022Pending sale$4,395,000+41.8%$625/sqft
    Source: ECAOR #894660 Report a problem
    3/15/2018Sold$3,100,000-8.7%$441/sqft
    Source: ECAOR #762495 Report a problem
    10/10/2017Price change$3,395,000-2.3%$483/sqft
    Source: Coldwell Banker Residential Real Estate - Destin / 30A #762495 Report a problem
    9/29/2017Price change$3,475,000-0.6%$495/sqft
    Source: Coldwell Banker Residential Real Estate - Destin / 30A #762495 Report a problem
    5/17/2017Price change$3,495,000-4.2%$497/sqft
    Source: Coldwell Banker Residential Real Estate - Destin / 30A #762495 Report a problem
    4/20/2017Price change$3,649,000-1.2%$519/sqft
    Source: Coldwell Banker Residential Real Estate - Destin / 30A #762495 Report a problem
    10/14/2016Listed for sale$3,695,000+99.2%$526/sqft
    Source: Coldwell Banker Residential Real Estate - Destin / 30A #762495 Report a problem
    7/19/2005Sold$1,855,000+48.4%$264/sqft
    Source: Public Record Report a problem
    6/18/2004Sold$1,250,000+108.3%$178/sqft
    Source: Public Record Report a problem
    8/11/2000Sold$600,000$85/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$39,978 +0.4%$3,796,393 +1.4%
    2023$39,800 +69.6%$3,744,041 +68.4%
    2022$23,471 -0.4%$2,223,441 +3%
    2021$23,560 +0.6%$2,158,681 +1.4%
    2020$23,426 +0.8%$2,128,877 +2.3%
    2019$23,245 +36.7%$2,081,014 +37.7%
    2018$17,003 $1,511,552 +2.1%
    2017$17,003 +0.2%$1,480,462 +2.1%
    2016$16,977 +2.8%$1,450,012 +0.7%
    2015$16,516 -2.4%$1,439,932 +0.8%
    2014$16,926 $1,428,504 +1.5%
    2013-- $1,407,393 +1.7%
    2012-- $1,383,867 -1.8%
    2011-- $1,408,519 -7.8%
    2010-- $1,527,912 -15.5%
    2009-- $1,809,103 -9.9%
    2008-- $2,008,893 +95.5%
    2006-- $1,027,500 +4.9%
    2005-- $979,550 +77%
    2004-- $553,480 +21.3%
    2003-- $456,111 +2%
    2002-- $447,168 +2%
    2001-- $438,400

    Find assessor info on the county website

    Neighborhood: 32541

    Nearby schools

    GreatSchools rating
    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.

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