Excellent REO opportunity to own an extraordinary coastal estate located within Destiny by the Sea, one of Destin's most exclusive 24/7 secured, gated communities. For that savvy investor looking for a short-term rental, this expansive home sleeps 24 and offers a proven footprint for high-capacity guest stays. The property features 7 bedrooms, 7.5 bathrooms, and 5,595 sq ft of living space, highlighted by large balconies and a private saltwater pool with a waterfall feature. The highly functional layout includes a large open kitchen with island seating, an elevator, two dedicated bunk rooms, a home movie room, a billiard room, and a foosball area. Located just a short walk from the luxurious community pool and private beach access, this property is being sold as-is, where-is. Buyer to verify all dimensions, square footage, HOA rules, and rental regulations.
Foreclosure
$3,125,000
4782 Ocean Blvd, Destin, FL 32541
7beds
5,595sqft
Single Family Residence
Built in 2012
6,098 Square Feet Lot
$2,908,700 Zestimate®
$559/sqft
$-- HOA
What's special
Two dedicated bunk roomsHome movie roomLarge balconiesBilliard roomFoosball area
- 23 days |
- 2,361 |
- 82 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cosmo M Spellings 850-699-1856,
Assurance Realty of NWFL LLC
Source: ECAOR,MLS#: 1005882
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Primary bedroom
- Level: Third
- Area: 368 Square Feet
- Dimensions: 23 x 16
Bedroom
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Bedroom
- Level: First
- Area: 144 Square Feet
- Dimensions: 9 x 16
Bedroom
- Level: Second
- Area: 208 Square Feet
- Dimensions: 13 x 16
Bedroom
- Level: Second
- Area: 196 Square Feet
- Dimensions: 14 x 14
Bedroom
- Level: Third
- Area: 238 Square Feet
- Dimensions: 17 x 14
Bedroom
- Level: Third
- Area: 156 Square Feet
- Dimensions: 13 x 12
Dining area
- Level: Second
- Area: 228 Square Feet
- Dimensions: 12 x 19
Garage
- Level: First
- Area: 484 Square Feet
- Dimensions: 22 x 22
Other
- Level: First
- Area: 240 Square Feet
- Dimensions: 15 x 16
Kitchen
- Level: Second
- Area: 209 Square Feet
- Dimensions: 11 x 19
Library
- Level: Third
- Area: 90 Square Feet
- Dimensions: 10 x 9
Living room
- Level: Second
- Area: 483 Square Feet
- Dimensions: 23 x 21
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Double Oven, Washer
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Bookcases, Crown Molding, Tray Ceiling(s), Kitchen Island, Woodwork Painted, Elevator
- Flooring: Hardwood, Tile
- Windows: Double Pane Windows, Plantation Shutters, Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas, Fireplace 2+
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,595
- Total interior livable area: 5,595 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener
- Attached garage spaces: 2
Features
- Stories: 3
- Patio & porch: Covered
- Exterior features: Balcony, Outdoor Kitchen
- Has private pool: Yes
- Pool features: Heated, In Ground, Gunite
- Fencing: Partial
- On waterfront: Yes
Lot
- Size: 6,098 Square Feet
- Features: Covenants, Irregular Lot, Restrictions, Sidewalk, Within 1/2 Mile to Water
Details
- Parcel number: 002S2200750000077A
- Zoning description: Resid Single Family
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mediterranean
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Slate
Condition
- Construction Complete
- New construction: No
- Year built: 2012
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Beach, Fitness Center, Gated, Pool, Waterfront, Short Term Rental - Allowed
- Security: Smoke Detector(s)
- Subdivision: DESTINY BY THE SEA S/D
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Land Recreation, Recreational Faclty, Security
Location
- Region: Destin
Financial & listing details
- Price per square foot: $559/sqft
- Tax assessed value: $3,064,542
- Annual tax amount: $35,927
- Date on market: 6/20/2026
- Road surface type: Paved
Foreclosure details
Estimated market value
Zestimate®
$2,908,700
Estimated sales range
$2.76M - $3.05M
Rent Zestimate®
$4,609/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Listing removed | $2,999,999$536/sqft |
Source: BHHS broker feed #976564 Report a problem | ||
| 8/23/2025 | Price change | $2,999,999-2.4%$536/sqft |
Source: | ||
| 8/14/2025 | Price change | $3,075,000-2.4%$550/sqft |
Source: | ||
| 7/18/2025 | Price change | $3,150,000-1.5%$563/sqft |
Source: | ||
| 6/27/2025 | Price change | $3,199,000-1.6%$572/sqft |
Source: | ||
| 6/20/2025 | Price change | $3,250,000-1.4%$581/sqft |
Source: | ||
| 6/5/2025 | Price change | $3,295,000-2.9%$589/sqft |
Source: | ||
| 5/29/2025 | Price change | $3,395,000-0.1%$607/sqft |
Source: | ||
| 5/17/2025 | Price change | $3,400,000-2.8%$608/sqft |
Source: | ||
| 5/9/2025 | Price change | $3,499,000-0.7%$625/sqft |
Source: | ||
| 4/18/2025 | Price change | $3,525,000-0.4%$630/sqft |
Source: | ||
| 4/11/2025 | Price change | $3,540,000-0.3%$633/sqft |
Source: | ||
| 3/9/2025 | Listed for sale | $3,550,000+1.4%$634/sqft |
Source: | ||
| 9/13/2024 | Listing removed | $3,500,000$626/sqft |
Source: | ||
| 7/2/2024 | Price change | $3,500,000-5.4%$626/sqft |
Source: | ||
| 5/28/2024 | Price change | $3,699,999-4.5%$661/sqft |
Source: | ||
| 4/25/2024 | Price change | $3,875,000-0.9%$693/sqft |
Source: | ||
| 4/9/2024 | Price change | $3,910,000-2.2%$699/sqft |
Source: | ||
| 2/20/2024 | Price change | $3,999,999-4.8%$715/sqft |
Source: | ||
| 1/24/2024 | Listed for sale | $4,200,000+10.5%$751/sqft |
Source: | ||
| 7/12/2022 | Sold | $3,800,000$679/sqft |
Source: | ||
| 6/14/2022 | Pending sale | $3,800,000+34.3%$679/sqft |
Source: | ||
| 7/15/2021 | Sold | $2,829,900$506/sqft |
Source: Public Record Report a problem | ||
| 5/25/2021 | Pending sale | $2,829,900$506/sqft |
Source: | ||
| 5/12/2021 | Price change | $2,829,900+4.8%$506/sqft |
Source: | ||
| 3/15/2021 | Pending sale | $2,699,000+558.3%$482/sqft |
Source: | ||
| 6/30/2010 | Sold | $410,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $35,927 +10% | $3,006,207 +10% |
| 2023 | $32,648 +20.4% | $2,732,915 +21.5% |
| 2022 | $27,110 +41.5% | $2,249,585 +45.8% |
| 2021 | $19,164 +7.8% | $1,543,180 +8.6% |
| 2020 | $17,778 +1.3% | $1,420,852 +2.6% |
| 2019 | $17,558 -1.2% | $1,384,197 +0% |
| 2018 | $17,773 | $1,384,155 +7.8% |
| 2017 | $17,773 +5.9% | $1,283,799 +3.6% |
| 2016 | $16,778 +4.2% | $1,239,456 +2.8% |
| 2015 | $16,100 +0.8% | $1,205,969 +9.1% |
| 2014 | $15,976 | $1,105,486 +2.5% |
| 2013 | -- | $1,078,215 +218.4% |
| 2012 | -- | $338,584 -5% |
| 2011 | -- | $356,404 -28% |
| 2010 | -- | $495,000 -25% |
| 2009 | -- | $660,000 -11.1% |
| 2008 | -- | $742,500 -10% |
| 2007 | -- | $825,000 |
| 2006 | -- | $825,000 +150% |
| 2005 | -- | $330,000 +24.5% |
| 2004 | -- | $265,125 +6% |
| 2003 | -- | $250,000 +8.9% |
| 2002 | -- | $229,500 +2% |
| 2001 | -- | $225,000 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll 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: 2 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 14.4 mi
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 5.6 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.
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Contact agent
- Florida
- Okaloosa County
- Destin
- 32541
- 4782 Ocean Blvd