new - 2 days on rocket

514 Vera Cruz Dr, Destin, FL, 32541

$3,250,000

6 Bedrooms
6 Full Baths
3,750 SqFt
$867/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingSee Remarks
Garage12 spaces
Year Built1972
CoolingCeiling Fan(s)
WaterfrontCanal
ViewGulf, Canal
MLS #964803
StatusActive

About 514 Vera Cruz Dr

Nestled in the highly desirable area of Holiday Isle. This exceptional waterfront beach home offers the perfect blend of coastal living and modern convenience. Situated just one block from the beach with Gulf views and directly on a deep-water canal, this home is truly a rare find. What sets this property apart is its unique features, including a fully covered and enclosed outdoor entertainment area with observation deck and two covered boat slips with lifts, and an impressive 90 feet of deep-water frontage. The home boasts two separate living areas (2nd Level - Main Level and 3rd Level Lockout) each with their own private entrances totaling six spacious bedrooms, six full bathrooms and two fully equipped kitchens, providing ample room for family & guests. The main floor is comprised of 4 spacious bedrooms and 4 baths, large living area, gourmet kitchen with breakfast bar and an office. The 3rd Level Lockout is comprised of 2 bedrooms with 2 full baths, living area, kitchen with breakfast bar. These two living areas can be utilized together or kept separate. Additionally, the lower level offers 2,500 square feet of unfinished space, perfect for storage, work area or customized to suit your needs. With its prime location, youre only eight houses away from the private beach access of Holiday Isle and a 15-minute boat ride to Crab Island or the Gulf of Mexico. Whether youre seeking a luxurious permanent residence or a lucrative investment property, this home delivers on all fronts. Embrace the best of waterfront living in this stunning Holiday Isle retreat. Short term rentals are allowed. Rental projections are $150,000 - $175,000.

Property Details

Property Features

Property Information:

  • Architectural Style: Beach House
  • Year Built: 1972
  • Stories: 3
  • Living Area: 3,750 SqFt

Listing Office:

  • Office Name: Century 21 AllPoints Realty
  • Office Phone: (850) 650-2220
  • Listing Agent: Kenneth R Koger, Rhonda Johnson

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Double Oven, Refrigerator, Ice Maker, Electric Oven, Washer
  • Interior: Guest Quarters, Kitchen Island, Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Canal
  • View: Gulf, Canal
  • Exterior: Rain Gutter, Balcony, Boat Slip, Boathouse, Boatlift, Deck Covered, Deck Enclosed, Dock, Shower, Summer Kitchen

Parking Information:

  • Garage Space: 12 spaces
  • Parking: See Remarks

Lot Features

Lot Information:

  • Lot: Seawall, Flood Insurance Required, Interior Lot, Level, Within 1/2 Mile to Water

Utilities

Utilities Information:

  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Hwy 98, proceed down Gulf Shore Drive and turn right on Norriego and then take first left on Vera Cruz. Property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,250,000
  • Price Per SqFt: $867/SqFt

HOA Fees:

  • Amount: $395
  • Frequency: Annually

Tax Information:

  • Annual Amount: $9,574
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$627.3K

Med. Price/SqFt

$380

Avg. Days On Market

117

# of Sold Homes

36

514 Vera Cruz Dr vs Destin

2 DAYS ON ROCKET

-115 Days

$3,250,000

+$2.6M More

$867/SqFt

+$487 More

KEY TAKEAWAY

This property is $2.6M more than the Median Sold Price and $487/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: #964803

Listing Office:

  • Office Name: Century 21 AllPoints Realty
  • Office Phone: (850) 650-2220
  • Listing Agent: Kenneth R Koger, Rhonda Johnson

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: 12/18/2024, 4:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,574$765,163
2018$8,625$671,770
2017$8,311$636,587

History based on county public records data.

Payment Calculator

$16.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,810

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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.

Nearby Schools

school-card-donut-45057
7
/10
  • Destin Elementary School

  • 630 Kelly St

  • 1.16 miles

  • Public District Grades PK-4

school-card-donut-45058
9
/10
  • Eglin Elementary School

  • 200 Gaffney Rd

  • 6.39 miles

  • Public District Grades KG-4

school-card-donut-45059
4
/10
  • Shalimar Elementary School

  • 1350 Joe Martin Cir

  • 6.42 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $80,435. The majority of Destin, FL residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 514 Vera Cruz Dr

What is the listing price of this property?

The listing price of 514 Vera Cruz Dr property is $3,250,000.

What type of property is this?

The property 514 Vera Cruz Dr is a house located in Destin, Florida, 32541.

Is this property for sale now?

Active Listing: 514 Vera Cruz Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,574 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 514 Vera Cruz Dr has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 514 Vera Cruz Dr is 3,750 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 514 Vera Cruz Dr is 1972.
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Rocket HomesFloridaOkaloosa CountyDestin32541514 Vera Cruz Dr

This home is located at 514 Vera Cruz Dr in Destin, FL and zip code 32541. This 3,750 square foot home was built in 1972. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $3,250,000.

In November 2024 more than 0 listings in Destin, FL were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 31 were sold below. The number of homes for sale in Destin, FL increased by 4.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 117 days, the median list price was $627,355.

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

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