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4509 Sawgrass Way
Destin, FL 32541
Delawalla Group with Berkshire Hathaway HomeServices, original listing - (850) 213-5150
$3,750,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6, ½: 1
Property Type
Conventional
Square ft
5091 Square Feet
Property Description
WESTWARD-FACING SINGLE-STORY WATERFRONT ESTATE WITHIN ESTEEMED GATED GOLF COMMUNITY PRICED UNDER $4M. Located in Destin's iconic Gated Community, Kelly Plantation, this 5 bed/6.5 bath Single-Story residence boasts 158' of Westward-facing Water Frontage on Choctawhatchee Bay. Equipped with a dock, 2 Boat Lifts, & a Jetski lift your backyard playground is boundless. The 63' screened-in back patio features a Saltwater Pool & Spa, outdoor kitchen, Outdoor Speakers, plus ample space for lounging and outdoor dining whilst admiring the view. Inside showcases the ultimate spacious open-concept living, with soaring ceiling heights ranging from 11' to 17' throughout the home. In addition to 5 bedrooms all with ensuite bathrooms, you'll find a sizable private Office. Upon entry, the Bayfront views serve as a picturesque backdrop to the Great Room's Soaring 17' Coffered Ceilings. Off of the Great Room you'll find the Formal Dining Room and lengthy Wetbar equipped with ample of storage, Bar Seating, and Pocket Doors to enclose the space as a walk-in pantry for the kitchen. The open-concept Kitchen is abundant with countertop space, cabinet storage, and Natural Light dancing off the 14' ceilings. The elongated picture window offers an indoor/outdoor experience whilst in the kitchen. The adjacent spacious Family Room offers a cozy atmosphere with Bay Vews, Gas fireplace, and large sliding glass doors that create ease for indoor/outdoor living. An impressive bowed picture window overlooks the pool area and backyard from the informal dining area. The large Office features 15' ceilings, a french door entry for privacy and 15' Ceilings. A convenient half bath services these communal areas. The Bayfront primary suite is a voluminous private retreat with tranquil water views and access to the back patio. With 14' Ceilings, space for additional seating, and His AND Her Private Bathrooms connected via a large Walk-in Closet. Her Bathroom is equipped with a Glam Station, Jacuzzi Tub, Separate Shower, private water closet, and linen storage. His bathroom contains a separate walk-in shower, water closet, storage, and respective access to the back patio. The 4 additional guest bedrooms are all equipped with ensuite bathrooms and 11' ceilings. A Dual-car garage and a Single-car garage allow for sheltered parking and additional storage space. The home's elongated driveway also offers substantial parking for the residence. Kelly Plantation offers an array of amenities, including an 18-hole Championship Golf Course, tennis courts, pickleball courts, two parks with play structures, walking and jogging trails, an equestrian center, a dog park, a fitness center, an owner's club with dining, and a community pool. You can also enjoy fishing in many ponds within the community. Just outside of Kelly Plantation, you'll find a plethora of restaurants, stores, and shopping options. And, you're only a few minutes from the incredible sugary white sands of the emerald coast.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
4509 Sawgrass Way
City
Destin
State
FL
Zip Code
32541
County
OKALOOSA (SOUTH)
Listing
Name
Phone
(850) 534-3006
Office Name
Office Phone
(850) 213-5150
Agent Name
Delawalla Group
Agency Phone
(850) 213-5150

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.