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$1,075,000
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Property Description
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.
Full Property Details
Full Property Details for 229 E Grand Key Loop
General
- Sold For: $1,075,000
- Status: Closed
- Type: Single Family
- Source: Pensacola
- MLS ID: 649520
- Added to Site: 542 day(s) ago
Interior
- Appliances: Water Heater
- Flooring: Vinyl, Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Bathroom: 12 x 5, Second Level
- Bathroom 1: 10 x 6, Third Level, 60 Sq. Ft.
Bedrooms
- Total Bedrooms: 6
- Bedroom 1: 13 x 12, Second Level, 156 Sq. Ft.
- Bedroom 2: 12 x 11, Second Level, 132 Sq. Ft.
- Bedroom 3: 12 x 11, Third Level, 132 Sq. Ft.
- Bedroom 4: 12 x 12, Third Level, 144 Sq. Ft.
- Bedroom 5: 12 x 11, First Level, 132 Sq. Ft.
Other Rooms
- Living Room: 14 x 13, First Level, 182 Sq. Ft.
- Kitchen: Not Updated, 11 x 9, First Level, 99 Sq. Ft.
- Dining Room: Kitchen/Dining Combo, 13 x 10, First Level, 130 Sq. Ft.
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Pool
- Shared Pool: Yes
- Pool: Yes
Parking
- Parking Features: Front Entrance
Location
- County: Okaloosa
- Subdivision: Crystal Beach
- Driving 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.
School Information
- Elementary School: Local School In County
- Middle School: DESTIN
- High School: Local School In County
Heating & Cooling
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Mediterranean
- Construction: Concrete
- Roof: Clay Tiles/Slate
- Stories/Levels: 3
- Square Feet: 2,600
- Year Built: 2006
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.027
- Street/Road Desc.: Paved
- Road Maintenance: Private Maintained Road
- Zoning: Res Single
Financial Considerations
- Price Per Sq. Ft.: $413.46
Disclosures and Reports
- Property ID: 002S22112500000570
Listed by Levin Rinke Realty
Sold by PAR Outside Area Listing Office
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Schools
Schools serving 229 E Grand Key Loop
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 0.9 mi |
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 4.4 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 13.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 229 E Grand Key Loop
Date
Details
Price
Change
Source
9/03/2025
Sold
$1,075,000
-8.51%
MLS
7/23/2024
Listed
$1,175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
229 E Grand Key Loop, Destin, FL 32541 (MLS# 649520) is a Single Family property that was sold at $1,075,000 on September 03, 2025. Want to learn more about 229 E Grand Key Loop? Do you have questions about finding other Single Family real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

