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Pending
  • $1,449,900

    51 Tranquility Ln, Destin, FL 32541

    3beds
    2,545sqft
    : 
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    Single Family Residence
    Built in 1998
    0.26 Acres Lot
    $1,381,700 Zestimate®
    $570/sqft
    $-- HOA

    What's special

    Beautifully renovated houseHeated poolWet barTankless water heaterOffers lots of entertainmentSteel raftersVarious entertainment areas
    Beautifully renovated house near the beach in Destiny East. No details were spared in the construction of the house, it features concrete walls, steel rafters, steel floor and ceiling joists, which help reduce insurance costs. The home comes fully furnished and rental ready. This home features elegant but casual living with various entertainment areas, a 24 x 24 separate balcony deck, a heated pool, a wet bar and much more. The neighborhood association has a fitness facility, two tennis courts, two swimming pools, a media room and a meeting area. This gorgeous house has also become a popular rental because of the decor, the amenities it offers and the proximity to the beach. New roof installed in 2017. Tankless water heater and new pool heater installed in 2024. The house is known on the rental market as Ocean Effect and has a 4.95 rental rating. This is the investment property that you have been looking for, great location (at the East entrance of the neighborhood), professionally upgraded and decorated interiors, offers lots of entertainment and has a proven rental record and high rental ratings from guests. Do not miss your chance to purchase Ocean Effect!
    321 days
    |
    146
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Luis F Espinel 504-723-0939,

    Southern Luxury Realty

    Source: ECAOR,MLS#: 983772MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      Primary bedroom
      • Level: Second
      • Area: 300 Square Feet
      • Dimensions: 20 x 15
      Bedroom
      • Level: First
      • Area: 168 Square Feet
      • Dimensions: 14 x 12
      Bedroom
      • Level: First
      • Area: 238 Square Feet
      • Dimensions: 17 x 14
      Other
      • Level: First
      • Area: 210 Square Feet
      • Dimensions: 30 x 7
      Other
      • Level: Second
      • Area: 210 Square Feet
      • Dimensions: 30 x 7
      Living room
      • Level: Second
      • Area: 238 Square Feet
      • Dimensions: 17 x 14
      Living room
      • Level: First
      • Area: 140 Square Feet
      • Dimensions: 14 x 10
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Tankless Water Heater
      Features
      • Recessed Lighting, Newly Painted, Wet Bar
      • Flooring: Tile
      • Doors: Storm Door(s)
      • Windows: Storm Window(s)
      • Furnished: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,545
      • Total interior livable area: 2,545 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Stories: 2
      • Patio & porch: Porch
      • Exterior features: Balcony, Sprinkler System
      • Pool features: Heated, In Ground
      Lot
      • Size: 0.26 Acres
      • Dimensions: 152 x 97.2 x 147.2 x 99
      • Features: Corner Lot
      Details
      • Parcel number: 002S22007900000480
      • Zoning description: City

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Concrete, Stucco, Steel Frame
      Condition
      • Construction Complete,Renovated
      • New construction: No
      • Year built: 1998

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: BBQ Pit/Grill, Community Room, Fitness Center, Gated, Pool, Tennis Court(s), Pickleball, Short Term Rental - Allowed
      • Security: Smoke Detector(s)
      • Subdivision: DESTINY EAST PH 1
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Land Recreation, Legal, Management
      Location
      • Region: Destin

      Financial & listing details

      • Price per square foot: $570/sqft
      • Tax assessed value: $998,339
      • Annual tax amount: $11,826
      • Date on market: 2/23/2026

        Estimated market value

        $1,381,700

        $1.31M - $1.45M

        $3,855/mo

        Price history

        DateEventPrice
        4/9/2026Pending sale$1,449,900$570/sqft
        Source: ECAOR #983772 Report a problem
        3/23/2026Price change$1,449,900-3.3%$570/sqft
        Source: ECAOR #983772 Report a problem
        12/27/2025Price change$1,499,900-3.2%$589/sqft
        Source: ECAOR #983772 Report a problem
        10/15/2025Price change$1,549,000-3.1%$609/sqft
        Source: ECAOR #983772 Report a problem
        8/23/2025Listed for sale$1,599,000+17.6%$628/sqft
        Source: ECAOR #983772 Report a problem
        9/15/2023Sold$1,360,000-9.3%$534/sqft
        Source: ECAOR #922076 Report a problem
        5/27/2023Pending sale$1,499,900$589/sqft
        Source: ECAOR #922076 Report a problem
        4/28/2023Listed for sale$1,499,900+20%$589/sqft
        Source: ECAOR #922076 Report a problem
        9/10/2021Sold$1,250,000+278.8%$491/sqft
        Source: ECAOR #876918 Report a problem
        1/15/2021Sold$330,000-5.7%$130/sqft
        Source: Agent Provided Report a problem
        12/1/2020Pending sale$349,995$138/sqft
        Source: NextHome Cornerstone Realty #854566 Report a problem
        9/4/2020Price change$349,995+2.9%$138/sqft
        Source: NextHome Cornerstone Realty #854566 Report a problem
        7/27/2020Price change$340,000-1.4%$134/sqft
        Source: Owner Report a problem
        6/24/2020Listed for sale$345,000+21.1%$136/sqft
        Source: Owner Report a problem
        12/27/2019Sold$285,000-59.6%$112/sqft
        Source: ECAOR #813567 Report a problem
        1/5/2018Sold$705,000-11.3%$277/sqft
        Source: Public Record Report a problem
        10/2/2017Listed for sale$795,000$312/sqft
        Source: Century 21 Blue Marlin Pelican #736012 Report a problem
        8/13/2017Listing removed$795,000$312/sqft
        Source: Century 21 Blue Marlin #736012 Report a problem
        2/26/2017Price change$795,000+166.8%$312/sqft
        Source: Century 21 Blue Marlin #736012 Report a problem
        2/15/2017Price change$298,000-62.5%$117/sqft
        Source: Sea Dunes Realty #736012 Report a problem
        2/8/2017Price change$795,000+166.8%$312/sqft
        Source: Century 21 Blue Marlin #736012 Report a problem
        2/1/2017Price change$298,000-62.5%$117/sqft
        Source: Sea Dunes Realty #763933 Report a problem
        1/5/2017Price change$795,000-3%$312/sqft
        Source: Century 21 Blue Marlin #736012 Report a problem
        9/7/2016Price change$820,000+2.6%$322/sqft
        Source: Century 21 Blue Marlin #736012 Report a problem
        5/19/2016Price change$799,000+63.1%$314/sqft
        Source: CENTURY 21 Blue Marlin #736012 Report a problem
        10/20/2014Sold$490,000+29.3%$193/sqft
        Source: Public Record Report a problem
        6/10/2014Sold$379,100+43%$149/sqft
        Source: Public Record Report a problem
        11/21/2013Sold$265,100-72.1%$104/sqft
        Source: Public Record Report a problem
        7/31/2006Sold$950,000+9400%$373/sqft
        Source: Public Record Report a problem
        9/30/2003Sold$10,000$4/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$11,827 +14%$998,339 +15%
        2023$10,375 +8.9%$868,493 +9.8%
        2022$9,531 +23.7%$790,899 +27.1%
        2021$7,704 +9.5%$622,433 +10.7%
        2020$7,035 +3.7%$562,294 +5.1%
        2019$6,785 +44.6%$534,884 +32.5%
        2018$4,693 $403,592 +2.1%
        2017$4,693 +0.5%$395,291 +2.1%
        2016$4,671 +2.8%$387,161 +6.2%
        2015$4,546 +4.6%$364,718 +3.2%
        2014$4,345 $353,313 +2.9%
        2013-- $343,297 -0.6%
        2012-- $345,377 -4.3%
        2011-- $360,822 -4.8%
        2010-- $378,923 -17.4%
        2009-- $458,739 -26.5%
        2008-- $623,916 -14.7%
        2007-- $731,737 -5.2%
        2006-- $771,862 +26.3%
        2005-- $611,240 +79%
        2004-- $341,414 +9.8%
        2003-- $311,058

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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

        Getting around

        37 / 100
        Car-Dependent
        50 / 100
        Bikeable

        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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