Off Market Feb 2025 for $885K

$938,933

Est. refi paymentEst. refi $5,936/mo

•

2,040

sq ft

200 W Grand Key Loop, Destin, FL 32541

About this home

This beautifully furnished 4-bedroom, 3.5-bath home features 2 King Ensuites, a gourmet kitchen with new stainless steel appliances and granite counters, plus a bonus loft and custom-built bunk beds. It generated over $106,000 in 2023, with projections for even higher earnings in 2024. Located in a gated community, just steps from Destin Commons and two blocks from the beach, this property is perfect for multi-family vacations. Investors can also take advantage of BONUS depreciation and tax savings before year-end.

Single-familyProperty Type

2012Year Built

$460Est. Price/Sq.Ft.

Listed by Outside Area Selling Agent • PAR Outside Area Listing Office

Bought with Kimberley Gibbons • Emerald Coast Realty Pros

Redfin checked: a few seconds ago

•Source:PARMLS #659631

Redfin Estimate

$938,933

$54K since sold in February 2025$33K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 20.6% higher than the average sale price ($779K) of 6 comparable homes.

SOLD JUN 9, 2026
$760,000
A
4 beds3.5 baths2,040 sq ft
207 Kono Way, Destin, FL 32541
SOLD AUG 10, 2026
$750,000
B
4 beds3.5 baths1,932 sq ft
239 Kono Way, Destin, FL 32541
SOLD JUL 17, 2026
$730,000
C
4 beds3 baths1,939 sq ft
226 Tahitian Way, Destin, FL 32541
SOLD BY REDFIN APR 24, 2026
$810,000
D
4 beds3.5 baths1,950 sq ft
231 Kono Way, Destin, FL 32541
SOLD FEB 6, 2026
$742,500
E
4 beds3.5 baths1,950 sq ft
217 Tahitian Way, Destin, FL 32541
SOLD NOV 19, 2025
$880,000
F
4 beds3.5 baths2,090 sq ft
203 Tahitian Way, Destin, FL 32541

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Earn from this home

Sell

$193,954

Est. take-home

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Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$4,307/mo

Redfin rental estimate

List your home for rent

Market trends in 32541, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.4%

+0.2% MoM

Median sale price

$605K

$25K MoM

Avg. days on market

99d

7 days MoM

Recently sold homes

245

11 MoM

New listings for sale

NEW 10 HRS AGO
$389,500
3 beds2.5 baths1,544 sq ft
219 Twin Lakes Ln, Destin, FL 32541
NEW 10 HRS AGO
$320,000
2 beds2 baths970 sq ft
4207 Indian Bayou Trl #21103, Destin, FL 32541
NEW 13 HRS AGO
$1,490,000
4 beds3.5 baths1,562 sq ft
57 Sunfish St, Destin, FL 32541
NEW 16 HRS AGO
$235,000
1 bed1 bath738 sq ft
4000 Gulf Terrace Dr Unit 131, Destin, FL 32541
NEW 17 HRS AGO
$215,000
1 bed1 bath920 sq ft
4040 Dancing Cloud Ct Unit 325, Destin, FL 32541
NEW 22 HRS AGO
$925,000
3 beds3 baths2,084 sq ft
371 Terrapin Trce, Destin, FL 32541
OPEN SUN, 1PM TO 3PM
$559,000
3 beds2 baths1,684 sq ft
322 Cypress St, Destin, FL 32541
$1,099,000
4 beds4 baths1,626 sq ft
10 Harbor Blvd Unit W1126, Destin, FL 32541
$450,000
2 beds2 baths1,072 sq ft
970 Highway 98 #503, Destin, FL 32541
$575,000
2 beds2.5 baths1,500 sq ft
1030 U.s. 98 #45, Destin, FL 32541
See all

Provided by Redfin

Sale history for 200 W Grand Key Loop

Date

Event

Price

PARMLS #659631

Feb 24, 2025

Sold

$885,000

$434/sq ft

Feb 24, 2025

Listed

$885,000

$434/sq ft

ECAR #958077

Feb 21, 2025

Sold

$885,000

$434/sq ft

Jan 14, 2025

Pending

—

Nov 11, 2024

Relisted

—

Sep 18, 2024

Price Changed

$899,000

$441/sq ft

Aug 28, 2024

Listed

$925,000

$453/sq ft

+39

Looking to get BONUS depreciation and tax savings before year end. This stunning, TURNKEY, and active short term rental features 4-bedrooms, 3.5-baths, with 2 king Ensuites. Perfect for a multi-family vacation. Enjoy a spacious living area, gourmet kitchen with NEW stainless-steel appliances and granite counters. Upstairs, find a 3rd King bedroom and custom-built bunks in the 4th bedroom. Bonus loft gives you 2 full living areas This short-term rental generated over $106,000 in revenue in 2023 and on pace to exceed that in 2024. Bonus Wi-Fi door lock, camera and Honeywell thermostat Experience luxury vacations at The Villages of Crystal Beach. This gated community is conveniently located across from Destin Commons, with a public beach access just two blocks awa

Public Records

Nov 10, 2021

Sold

$840,000

$412/sq ft

Public Records

Nov 1, 2013

Sold

$405,300

$199/sq ft

Public Records

Apr 19, 2012

Sold

$100,000

$49/sq ft

Public Records

Sep 1, 2009

Sold

$1,825,000

$895/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$9,359 (−7.9%)

$308,588 + $481,661

$790,249

2024

$10,160 (+6.1%)

$308,588 + $481,661

$790,249

2023

$9,574 (+14.3%)

2022

$8,374 (+49.4%)

2021

$5,605 (+9.9%)

$225,000 + $469,879

$694,879

2020

$5,098

2019

$5,100 (+6.7%)

$142,800 + $264,659

$407,459

2018

$4,780 (+3.4%)

$115,688 + $256,580

$372,268

2017

$4,625 (+2.9%)

$108,120 + $245,732

$353,852

2016

$4,494 (+1.7%)

$108,120 + $245,732

$353,852

2015

$4,421 (+10.6%)

$100,000 + $238,631

$338,631

2014

$3,996

Tax history for 200 W Grand Key Loop

Year

Property tax

Land + Additions

Assessment*

2025

$9,359 (−7.9%)

$308,588 + $481,661

$790,249

2024

$10,160 (+6.1%)

$308,588 + $481,661

$790,249

2023

$9,574 (+14.3%)

2022

$8,374 (+49.4%)

2021

$5,605 (+9.9%)

$225,000 + $469,879

$694,879

2020

$5,098

2019

$5,100 (+6.7%)

$142,800 + $264,659

$407,459

2018

$4,780 (+3.4%)

$115,688 + $256,580

$372,268

2017

$4,625 (+2.9%)

$108,120 + $245,732

$353,852

2016

$4,494 (+1.7%)

$108,120 + $245,732

$353,852

2015

$4,421 (+10.6%)

$100,000 + $238,631

$338,631

2014

$3,996

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

1,150 Sq. Ft.

Year renovated

2012

Sq. Ft.

2,040

Year built

2012

Style

Single Family Residential

County

Okaloosa County

APN

002S22112500000410

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 10, 2026.

ROI-TD

Residential, Office and Institutional Tourist Development District

The Residential, Office, and Institutional - Tourist Development zoning district shall apply to areas developed, redeveloped and maintained and conserved as areas that accommodate: business and professional offices; seasonal single-family detached or multi-family attached residential dwelling units; institutional uses; and commercial hotel, motel, bed and breakfast establishments and other commercial transient living accommodations. General retail sales and services are allowed but must be integrated in a planned unit development designed to support the surrounding residential neighborhoods. ROI-TD zoning district shall only be allowed on subject properties that abut or are located south of Harbor Boulevard/Emerald Coast Parkway as delineated on the zoning map. It is the intent of the ROI - TD zoning district to specifically not allow the following uses to be located in the district: permanent single-family detached or multi-family attached residential dwelling units; and all non-residential uses not previously listed above.

Permitted uses

Include but are not limited to:

Day care facility
Laundromat
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Hotel / motel
Post office
Veterinary clinic

Property details

Parking

Parking / Garage Information
Has Open Parking
Parking Features: Driveway

Interior

Bathroom Information
# of Bathrooms (Full): 3
# of Bathrooms (1/2): 1
Room Bathroom Features: Not Updated

Dining Room Information
Dining Room Features: Kitchen/Dining Combo

Living Room Information
Living Room Level: First
Living Room Width: 15
Living Room Length: 17
Living Room Area: 255

Kitchen Information
Kitchen Level: First
Kitchen Width: 14
Kitchen Length: 15
Kitchen Area: 210
Kitchen Features: Not Updated

Interior Features
Flooring: Tile, Carpet

Exterior

Exterior Features
Allows Horses: No
Roof: Metal

Lot Information
Lot Size Units: Acres
Lot Features: Central Access

Land Information
Water Source: Public

Property Information
Property Condition: Resale
New Construction: No
Has Property Attached: No
Appliances: Electric Water Heater
Road Responsibility: County Maintained Road

Building Information
Building Area Total: 2,040
Building Area Units: Square Feet
Foundation Details: Slab
Levels: Two
Construction Materials: Frame

Financial

Tax Information
Tax Legal Description: VILLAGES OF CRYSTAL BEACH LOT 41

Utilities

Utility Information
Electric: Copper Wiring
Sewer: Public Sewer

Heating & Cooling
Has Cooling
Has Heating
Cooling: Central Air, Ceiling Fan(s)
Heating: Central

Location

HOA Information
Association YN: Yes
Association Fee: $19,980
Association Fee Frequency: Annually
Association Fee Includes: Maintenance Grounds, Trash

Location Details
Directions: Scenic Hwy 98, turn North on Cobia to the corner of Luke and Cobia. Proceed to Gate entrance. Once in the gate take the first left, then another left. the Home is located on the curve on the left.

Public facts

Beds: 4
Baths: 4.0
Sq. Ft.: 2,040
Stories: 2.0
Lot Size: 1,150 square feet
Style: Single Family Residential
Year Built: 2012
Year Renovated: 2012
County: Okaloosa County
APN: 002S22112500000410

Home facts updated by county records on Jul 10, 2026

Around this home

Schools

Destin Middle School

Public 5-8 • Assigned • 1.0mi

9/10

Fort Walton Beach High School

Public 9-12 • Assigned • 13.3mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 103° expected this year, 22 days in 30 years

9/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Destin, FL • 32541

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 5.4 hours in December, placing it above the U.S. average for solar exposure.

9.3 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$892,000 – $1.08M

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Nearby similar homes

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New listings for sale in 32541

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NEW 16 HRS AGO

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NEW 17 HRS AGO

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NEW 22 HRS AGO3D WALKTHROUGH

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OPEN SUN, 1PM TO 3PM

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322 Cypress St, Destin, FL 32541

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Home values near 200 W Grand Key Loop

Data from public records.

Address	Redfin Estimate
206 Grand Key Loop West, Destin, FL 6 Beds \| 5.5 Baths \| 2925 Sq. Ft.	$1,184,477
4551 West Grand Key Loop, Destin, FL 5 Beds \| 4 Baths \| 2861 Sq. Ft.	—

Address	Redfin Estimate
4553 Grand Key Loop East, Destin, FL 5 Beds \| 4 Baths \| 2891 Sq. Ft.	$1,086,198
4555 Grand Key Loop East, Destin, FL 5 Beds \| 4 Baths \| 2891 Sq. Ft.	$1,031,840

Address	Redfin Estimate
204 Grand Key Loop West, Destin, FL 6 Beds \| 5.5 Baths \| 2925 Sq. Ft.	$1,178,485
199 Grand Key Loop East, Destin, FL 6 Beds \| 4 Baths \| 3262 Sq. Ft.	$1,344,904

Property information provided by PARMLS when last listed in 2025. This data may not match . Learn more.

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