2 months on rocket

40 Terra Cotta Way, Destin, FL, 32541

$1,950,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
5 Full Baths
3,528 SqFt
$553/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

40 Terra Cotta Way, Destin$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1993
HeatingCentral
CoolingCeiling Fan(s)
FireplaceGas Fireplace
ViewGulf
MLS #943290
Lot Size0.13 Acres
StatusActive

About 40 Terra Cotta Way

Freshly updated, carpet-free, furnished & ready for immediate occupancy! Sand Dollars & Sunsets is a highly desired, turnkey, move in ready, income property. Featuring 6 Bedrooms & 5 Bathrooms, this emerald coast vacation home is one block from the beach & at the western edge of Miramar Beach in Destin, Florida. Recently updated with new floors, appliances and amenities, this home is truly a find! A ground floor primary suite, two laundry rooms and multiple bedrooms with on suite baths make this home very desirable. 40 Terra Cotta Way is in the sought-after neighborhood of Terra Cotta Terrace & adjacent to Destiny by The Sea. The home is footsteps from the 5.5-mile-long Scenic 98 walking and biking trail. Your private beach access is 200 feet from your door. Enjoy the sugar white san & emerald waters of the Gulf of Mexico! Walk or bike parallel to the beach along the expanse of the Scenic 98 path from the Henderson Beach Inn to Chick-fil-A & the Silver Sands Outlet Mall. Enjoy all the shops & spots along the way. County maintained comfort stations & covered picnic areas are plentiful. Bring your LSV (street legal golf cart). Easily access shopping, dining, entertainment and more along Scenic 98! Terra Cotta Terrace is a unique enclave with one way in / one way out offering owners & their guests pickle ball courts & a community swimming pool! 40 Terra Cotta Way is a unique vacation property offering a ground floor lockout. The lockout features a primary king suite, bunk room with gaming and entertainment, full bath, full kitchen, laundry as well as a back covered patio and hot tub. The outdoor space features area for grilling, corn hole games & lounging. The outdoor shower & storage area for beach toys makes this a convenient, enjoyable space. The ground floor can be locked out from the home and utilized separately or simply open a door and the ground floor becomes a part of the home. The second floor offers a grand living space with a large, open family room, gourmet kitchen with dining for a crowd! This space opens onto a covered outdoor space for dining and relaxing. Plentiful storage for guests! Lockable owners closets are on each floor. This home features a total of 6 Bedrooms, three of which can be utilized as primary. Balconies for guest rooms ensure beautiful views and year-round gentle gulf breezes! If you are searching for a primary home, investment property, a home with a separate suite for family or friends, this one is a must see. Minutes to Destin Commons, Mid Bay Bridge, Silver Sands Outlet Mall, Grand Boulevard, Sandestin, Seascape, VPS Airport, Sacred Heart healthcare, golf, tennis, state parks and more. Book your private tour and see for yourself!

Property Details

Property Features

Property Information:

  • Architectural Style: Beach House
  • Year Built: 1993
  • Stories: 3
  • Living Area: 3,528 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Destin
  • Office Email: jadamson@kw.com
  • Listing Agent: Deana M Grau

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Self Cleaning Oven, Range Hood, Refrigerator, Security System, Gas Oven, Washer
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Raised Ceiling, Guest Quarters, Kitchen Island, Recessed Lighting, Lock Out, Newly Painted, Owners Closet, Pantry, Renovated, Washer/Dryer Hookups, Window Treatment(s)
  • Fireplace: Gas Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Gulf
  • Exterior: Balcony, BBQ Pit/Grill, Deck Covered, Hot Tub, Lawn Pump, Patio Covered, Porch, Porch Open, Renovated, Separate Living Area, Shower, Sprinkler System

Virtual/3D Tour

  • 3D Tour: 40 Terra Cotta Way

3D Tour

Lot Features

Lot Information:

  • Lot: Covenant/Restriction, Level, Within 1/2 Mile to Water
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Fort Walton Beach High School, Public District Grades 9-12
  • Destin Middle School, Public District Grades 5-8
  • Northwest Florida Ballet Academie, Public District Grades 3-8
  • Destin Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Scenic 98 to Terra Cotta Way, second house on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $553/SqFt

HOA Fees:

  • Amount: $199
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $6,913
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Destin, FL.

Map thumbnail provided by MapBox

Destin, FL

City

Med. Sold Price

$667.7K

Med. Price/SqFt

$416

Avg. Days On Market

82

# of Sold Homes

52

40 Terra Cotta Way vs Destin

60 DAYS ON ROCKET

-22 Days

$1,950,000

+$1.2M More

$553/SqFt

+$136 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $136/SqFt more than other homes in Destin, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #943290

Listing Office:

  • Office Name: Keller Williams Realty Destin
  • Office Email: jadamson@kw.com
  • Listing Agent: Deana M Grau

IDX Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 1:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 08, 2020Home Sold
$790,000
Jul 01, 2003Home Sold
$549,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,913$552,534
2018$6,553$510,387
2017$6,213$475,365

History based on county public records data.

Payment Calculator

$9,999

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2299503
8
/10

  • Destin Elementary School

  • 630 Kelly St

  • 5.68 miles

  • Public District Grades PK-4

Middle School

school-card-donut-2299504
7
/10

  • Destin Middle School

  • 4608 Legendary Marina Dr

  • 2.01 miles

  • Public District Grades 5-8

school-card-donut-2299505
10
/10

  • Northwest Florida Ballet Academie

  • 310 Perry Ave SE

  • 12.27 miles

  • Public District Grades 3-8

High School

school-card-donut-2299506
6
/10

  • Fort Walton Beach High School

  • 400 Hollywood Blvd SW

  • 14.54 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,149. Most Destin, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40 Terra Cotta Way

What is the listing price of this property?

The listing price of 40 Terra Cotta Way property is $1,950,000.

What type of property is this?

The property 40 Terra Cotta Way is a house located in Destin, Florida, 32541.

Is this property for sale now?

Active Listing: 40 Terra Cotta Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 40 Terra Cotta Way are:
Destin Elementary School: GreatSchools Rating 8/10
Destin Middle School: GreatSchools Rating 7/10
Northwest Florida Ballet Academie: GreatSchools Rating 10/10
Fort Walton Beach High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,913 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 8, 2020 for $790,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 40 Terra Cotta Way has 6 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 40 Terra Cotta Way is 3,528 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40 Terra Cotta Way is 1993.

Rocket Homes›Florida›Okaloosa County›Destin›32541›40 Terra Cotta Way

This home is located at 40 Terra Cotta Way in Destin, FL and zip code 32541. This 3,528 square foot home, which was built in 1993, sits on a 0.13 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 27, 2024 and is currently priced at $1,950,000.

Over 3 listings were sold over their listed price in March 2024 in Destin, FL. In the same period over 38 listings were sold below the listed price and 11 listings were sold for the listed price. In March 2024 in Destin, FL there were 15.5% more homes for sale than in February 2024. While the average time on the market in March 2024 was 82 days, the median list price was $667,755.

From Rocket Homes Real Estate and based on county public records data.

More Resources