106 Terra Cotta Way, Destin, FL, 32541
About This Home
Welcome to your slice of paradise in the ''World's Luckiest Fishing Village'' and steps from the most breathtaking sugar white sand beaches and emerald waters in the world. This stunning new home in Terra Cotta Terrace perfectly blends coastal elegance with modern comfort, offering an exceptional opportunity as both a luxury getaway and a high-performing investment property. All just a short walk from the neighborhood's dedicated beach access. Designed with both relaxation and entertaining in mind, this beautifully furnished home sleeps up to 14 guests and features a private pool surrounded by lush landscaping. Inside, you'll find a thoughtfully designed layout with upscale finishes throughout, including hardwood floors, tile accents, and a bright, open-concept living space. The updated kitchen and spa-inspired bathrooms add a touch of luxury to every stay. It really is like a 5 bedroom house with the built in bunk room on the 1st floor. Currently operating as a successful short-term vacation rental, this property is truly turnkey and ready for immediate income. Whether you're looking for a personal beach retreat, an investment opportunity, or both, this home checks every box. Don't miss your chance to own a piece of paradise in one of Florida's most sought after coastal destinations.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Construction Complete
- Year built: 2016
Materials
- Roof: Slate
- Construction materials: Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Tankless Water Heater
Bedroom
- Level: First
- Area: 152.5128
- Dimensions: 13.08 x 11.66
Bedroom
- Level: Second
- Area: 191.25
- Dimensions: 15 x 12.75
Bedroom
- Level: Second
- Area: 156.0064
- Dimensions: 14.08 x 11.08
Bedroom
- Level: First
- Area: 127.4478
- Dimensions: 13.66 x 9.33
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Kitchen Island,Owner's Closet
- Flooring: Hardwood,Tile
- Common walls with other units/homes: No Common Walls
Great Room
- Level: First
- Area: 301.125
- Dimensions: 18.25 x 16.5
Heating
- Heating features: Natural Gas
Interior Area
- Total structure area: 2,290
- Total interior livable area: 2,290 sqft
Kitchen
- Level: First
- Area: 165.3406
- Dimensions: 16.83 x 9.83
Master Bedroom
- Level: Second
- Area: 172.14
- Dimensions: 14.25 x 12.08
Property
Details
- Parcel number: 002S22249900000350
- Zoning description: Resid Single Family
Features
- Stories: 2
- Pool features: Heated
- Patio & porch: Porch
- Exterior features: Private Yard,Outdoor Shower
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: Irregular
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Heat Wave
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Okaloosa County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,809 | $69,708 |
| Home Insurance * | $174 | $2,088 |
| Property Taxes | $1,212 | $14,544 |
| Electricity | $230 | $2,765 |
| Total | $7,425 | $89,100 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-01 | Listed for sale | $1,275,000 |
| 2016-05-23 | Sold | $565,000 |
| 2015-09-01 | Sold | $85,000 |
| 2000-11-16 | Sold | $45,000 |
For Sale by Agent
View on Zillow