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Property Description
Waterfront Elegance Meets Effortless Coastal Living in Kelly Plantation Tucked away among the towering pines of Kelly Plantation, this exceptional waterfront residence offers a rare combination of refined coastal living, privacy, and direct access to the water. Located in the desirable Club Commons neighborhood, just moments from the community's celebrated golf, clubhouse, and recreational amenities, this beautifully appointed home delivers an extraordinary lifestyle both indoors and out. Built in 2014, the thoughtfully designed residence offers approximately 3,395 square feet of living space, five bedrooms, and four bathrooms, with **the flexibility of a two-story home and the convenience of single-level living.** The majority of the home's living space is situated on the main floor, including the primary suite, kitchen, dining and living areas, and office space, allowing homeowners to enjoy virtually everything they need without ever having to venture upstairs. The second level provides valuable additional living space, offering flexibility for guests, family, or a variety of other uses. The home's timeless coastal architecture, welcoming covered entry, elegant finishes, and inviting living spaces create an atmosphere that is as comfortable for everyday living as it is impressive for entertaining. Thoughtfully arranged living areas provide a natural flow for gathering with family and friends, while the home's generous proportions and versatile floor plan accommodate a variety of lifestyles. The outdoor living experience is truly exceptional. An expansive screened enclosure encompasses a sparkling private pool, generous lounging areas, and a beautifully equipped outdoor kitchen, creating a seamless extension of the home's main-level living and entertaining spaces. Whether hosting friends, enjoying a quiet afternoon by the pool, or gathering for dinner as the sun sets, this remarkable setting was designed to be enjoyed year-round. Beyond the pool, a wooded backyard framed by mature pines leads to a private dock overlooking the tranquil waters of the bayou. Complete with a personal watercraft lift, the dock offers a wonderful opportunity for kayaking, paddleboarding, and exploring the surrounding waterways. It's a peaceful waterfront escape that feels worlds away, yet remains conveniently connected to everything Kelly Plantation and Destin have to offer. The home's setting is equally compelling. Lush natural surroundings provide a wonderful sense of seclusion, while the nearby waters of Choctawhatchee Bay create a beautiful coastal backdrop. Residents of Kelly Plantation enjoy a gated community known for its championship golf course, beautifully maintained grounds, and outstanding amenities. What makes 400 Terrapin Trace especially appealing is its uncommon combination of features: beautifully appointed main-level living spaces, the versatility of an additional second floor, five bedrooms, a private screened pool and outdoor kitchen, and the added distinction of waterfront living with a private dock. **An exceptional opportunity to enjoy the best of Kelly Plantation, where elegant coastal living meets the tranquility of life on the water.**
Full Property Details
Full Property Details for 400 Terrapin Trc
General
- Price: $1,895,000
- Taxes: $7,119 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 1015229
- Updated: 11/10/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Not Allowed, Pickle Ball, Community Room, Dock, Exercise Room, Gated Community, Golf, Playground, Pool, Stables, Tennis, Waterfront
Interior
- Number of Rooms: 7
- Interior Features: Ceiling Crwn Molding, Ceiling Tray/Cofferd, Kitchen Island, Pantry, Pull Down Stairs, Shelving, Washer/Dryer Hookup, Wet Bar
- Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Warranty Provided, Water Heater - Gas, Water Heater - Tnkls
- Flooring: Floor Hardwood, Floor Tile, Floor WW Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool: Yes
- Pool Description: Pool - In-Ground, Pool Type
Exterior
- Exterior Features: Boat Slip, Boatlift, Columns, Dock, Pool - Enclosed, Pool - Gunite Concrt, Sprinkler System, Summer Kitchen
- Porch/Patio/Deck: Patio Covered, Porch Screened
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Oversized
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Kelly Plantation
- Driving Directions: From Hwy. 98 Turn into Kelly Plantation and after the guard gate turn right at the tennis courts and left on Terrapin Trace
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Fort Walton Beach
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Legal, Management, Master Association, Recreational Faclty, Security
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fans
- Heating Type: Heat Pump A/A Two +
- Heating/Cooling: Heat Pump A/A Two +, Ceiling Fans
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Gas - Natural, Public Water, Tap Fee Paid, TV Cable, Underground
Structural Information
- Architectural Style: Southern
- Construction: Frame, Siding CmntFbrHrdBrd
- Exterior Const.: Frame, Siding CmntFbrHrdBrd
- Stories/Levels: 2
- Square Feet: 3,395
- Sq. Ft. Source: Appraiser
- Year Built: 2014
Lot Features
- Lot Size (Acres): 0.4
- Lot Size (Sq. Ft.): 17,424
- Lot Dimensions: Irregular
- Frontage: Private Road
- Street/Road Desc.: Paved
- Lot Features: Covenants, Cul-De-Sac, Curb & Gutter, Interior, Within 1/2 Mile to Water
- Zoning: Resid Single Family
Water Features
- Water Front: Yes
- Water Front Type: Bayou
Financial Considerations
- Tax Amount: $7,119.08
- Tax Year: 2025
Disclosures and Reports
- Legal Description: TURTLE CREEK S/D LOT 17
- APN: 00-2S-22-5115-0000-0170
- Property ID: 00-2S-22-5115-0000-0170
Listed by Berkshire Hathaway HomeServices
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Price & Sales History for 400 Terrapin Trc
Date
Details
Price
Change
Source
11/10/2026
Listed
$1,895,000
121.64%
MLS
5/30/2014
Sold
$855,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 400 Terrapin Trc
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,119
3%
$714,515
3%
2024
$6,920
2%
$694,378
3%
2023
$6,772
2%
$674,153
6%
2021
$6,648
—
$635,453
-3%
2022
$6,629
—
$654,517
4%
2021
$6,648
—
$626,679
1%
2019
$6,654
-13%
$621,613
-11%
2018
$7,619
—
$697,295
2%
2017
$7,604
3%
$682,953
2%
2016
$7,397
-2%
$668,906
1%
2015
$7,582
707%
$664,256
763%
2014
$940
23%
$77,000
23%
2013
$765
—
$62,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 400 Terrapin Trc
400 Terrapin Trc, Destin, FL 32541 (MLS# 1015229) is a Single Family property with 5 bedrooms and 4 full bathrooms. 400 Terrapin Trc is currently listed for $1,895,000 and was received on November 10, 2026. Want to learn more about 400 Terrapin Trc? 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.
