Amazing Deal! BACK ON THE MARKET -- NO FAULT OF THE SELLER. This exceptional FULLY FURNISHED 6-bedroom, 3.5-bathroom residence offers an incredible investment opportunity with an assumable mortgage at a remarkably low rate giving you a low monthly payment of $5,628. The buyer WILL need to cover the equity difference, but the seller is open to allowing a non-VA buyer to assume this wonderful rate. This home already generates between $100,000 and $120,000 annually while being self-managed, and with professional management, it is estimated to gross between $120,000 and $150,000 annually. Priced well below comparable properties, this investment offers the best price per square foot in the neighborhood, making it one of the best deals available. You’d be crazy not to run your numbers on this one… This stunning three-story home features a durable clay tile roof and concrete siding, giving you peace of mind for years to come. The first floor is wheelchair accessible and includes the kitchen, open living room and dining room, and primary bedroom and bath. The fully furnished home includes a fully equipped kitchen and ample linens, a wet bar on the second floor, and a ton of new furniture. Each bedroom and living area is equipped with a smart TV, integrating modern technology seamlessly into the living experience. Located in a prestigious gated community, residents enjoy a zero-entry heated lagoon pool, hot tub, and tiki hut right outside the front door. The community also offers a complimentary beach shuttle and is within walking distance to the beach, mall, shopping centers, restaurants, movie theaters, and Whole Foods grocery. Security is paramount, with round-the-clock gated community security providing peace of mind. Don’t miss the chance to own this luxurious property in Grand Key Loop, offering both a high-end lifestyle and a sound investment opportunity.
Single-familyProperty Type
2006Year Built
1,176 sq ftLot Size
$416Est. Price/Sq.Ft.
Listed by Caleb Drake• Levin Rinke Realty
Bought with Outside Area Selling Agent• PAR Outside Area Listing Office
Amazing Deal! BACK ON THE MARKET -- NO FAULT OF THE SELLER. 2.85% Assumable Mortgage! This exceptional FULLY FURNISHED 6-bedroom, 3.5-bathroom residence offers an incredible investment opportunity with an assumable mortgage at a remarkably low rate giving you a low monthly payment of $5,628. The buyer WILL need to cover the equity difference, but the seller is open to allowing a non-VA buyer to assume this wonderful rate. This home already generates between $100,000 and $120,000 annually while being self-managed, and with professional management, it is estimated to gross between $120,000 and $150,000 annually. Priced well below comparable properties, this investment offers the best price per square foot in the neighborhood, making it one of the best deals available. Give me a call at 850-407-7652.
Public Records
May 4, 2021
Sold
$875,000
$337/sq ft
ECAR #791520
May 16, 2018
Sold
$545,000
$210/sq ft
Feb 10, 2018
Listed
$549,900
$212/sq ft
NAMLS #766878
Mar 11, 2017
Listing Removed
—
Jan 9, 2017
Listed
$549,000
$211/sq ft
ECAR #750106
Jun 30, 2016
Sold
$469,900
$181/sq ft
Apr 8, 2016
Listed
$499,900
$192/sq ft
NAMLS #723832
Apr 20, 2015
Listing Removed
—
Feb 24, 2015
Listed
$485,000
$187/sq ft
NAMLS #493176
Jun 30, 2010
Listing Removed
—
May 10, 2008
Listed
$799,000
$307/sq ft
ECAR #389266
Aug 25, 2006
Sold
$800,000
$308/sq ft
Mar 1, 2005
Listed
$800,000
$308/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,118 (+3.0%)
2024
$8,855 (+2.3%)
2023
$8,657 (+2.3%)
2022
$8,467 (+39.4%)
2021
$6,074 (+7.6%)
2020
$5,644
2019
$5,643 (−0.9%)
$142,800 + $298,258
$441,058
2018
$5,694 (+3.3%)
$138,826 + $294,840
$433,666
2017
$5,512 (+2.8%)
$129,744 + $282,413
$412,157
2016
$5,361 (+3.5%)
$129,744 + $282,413
$412,157
2015
$5,181 (+9.7%)
$120,000 + $274,329
$394,329
2014
$4,721
Tax history for 229 E Grand Key Loop
Year
Property tax
Land + Additions
Assessment*
2025
$9,118 (+3.0%)
2024
$8,855 (+2.3%)
2023
$8,657 (+2.3%)
2022
$8,467 (+39.4%)
2021
$6,074 (+7.6%)
2020
$5,644
2019
$5,643 (−0.9%)
$142,800 + $298,258
$441,058
2018
$5,694 (+3.3%)
$138,826 + $294,840
$433,666
2017
$5,512 (+2.8%)
$129,744 + $282,413
$412,157
2016
$5,361 (+3.5%)
$129,744 + $282,413
$412,157
2015
$5,181 (+9.7%)
$120,000 + $274,329
$394,329
2014
$4,721
*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
5
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
1,172 Sq. Ft.
Year renovated
2006
Sq. Ft.
2,600
Year built
2006
Style
Single Family Residential
County
Okaloosa County
APN
002S22112500000570
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 12, 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
Parking Features: Front Entrance
Interior
Virtual Tour
Bedroom 1 Information
Bedroom Level: Second
Bedroom Width: 12
Bedroom Length: 13
Bedroom Area: 156
Bedroom 2 Information
Bedroom Level: Second
Bedroom Width: 11
Bedroom Length: 12
Bedroom Area: 132
Bedroom 3 Information
Bedroom Level: Third
Bedroom Width: 11
Bedroom Length: 12
Bedroom Area: 132
Bedroom 4 Information
Bedroom Level: Third
Bedroom Width: 12
Bedroom Length: 12
Bedroom Area: 144
Bedroom 5 Information
Bedroom Level: First
Bedroom Width: 11
Bedroom Length: 12
Bedroom Area: 132
Bathroom Information
# of Bathrooms (Full): 3
# of Bathrooms (1/2): 1
Bathroom Level: Second
Bathroom Width: 5
Bathroom Length: 12
Bathroom Area: 60
Room Bathroom Features: Not Updated
Bathroom Update Timeline: 11 TO 14 YRS
Bathroom 2 Information
Bathroom Level: Third
Bathroom Width: 6
Bathroom Length: 10
Bathroom Area: 60
Dining Room Information
Dining Room Level: First
Dining Room Width: 10
Dining Room Length: 13
Dining Room Area: 130
Dining Room Features: Kitchen/Dining Combo
Living Room Information
Living Room Level: First
Living Room Width: 13
Living Room Length: 14
Living Room Area: 182
Kitchen Information
Kitchen Level: First
Kitchen Width: 9
Kitchen Length: 11
Kitchen Area: 99
Kitchen Features: Not Updated
Kitchen Update Timeline: 11 TO 14 YRS
Interior Features
Door Features: Insulated Doors
Flooring: Vinyl, Carpet
Exterior
Exterior Features
Allows Horses: No
Roof: Clay Tiles/Slate
Pool Information
Spa Features: Community
Lot Information
Lot Size Acres: 0.027
Lot Size Area: 0.027
Lot Size Units: Acres
Land Information
Water Source: Public
Property Information
Property Condition: Resale
New Construction: No
Has Property Attached: No
Appliances: Water Heater
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Building Information
Building Area Total: 2,600
Building Area Units: Square Feet
Foundation Details: Slab
Levels: Three Or More
Construction Materials: Concrete
Financial
Tax Information
Tax Legal Description: VILLAGES OF CRYSTAL BEACHLOT 57
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: No
Association Fee Frequency: Annually
Location Details
Directions: From Highway 98 and the Mid Bay Bridge intersection, turn right onto Regions Way after the first right. Go through the gate at Villages of Crystal Beach and veer left after entrance. Home will be straight ahead after the stop sign.
Community Information
Community Features: Pool
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 2,600
Stories: 3.0
Lot Size: 1,172 square feet
Style: Single Family Residential
Year Built: 2006
Year Renovated: 2006
County: Okaloosa County
APN: 002S22112500000570
Home facts updated by county records on Oct 12, 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)
59
44
66
52
71
58
76
65
81
71
87
77
90
80
87
77
87
73
80
66
73
60
64
50
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
$1.03M – $1.24M
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