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$2,425,000
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Property Description
Rare Bay front homesite in Kelly Plantation - A Once-in-a-Lifetime Opportunity! We are proud to present one of the last remaining Bay front homesites from the original Kelly Plantation master plan--located within one of Destin's most prestigious gated golf and tennis communities. This is the one of the last available waterfront lots ideally positioned on a quiet cul-de-sac along Sawgrass Way and surrounded by beautifully crafted luxury homes. This exceptional property offers breathtaking, unobstructed views of the Choctawhatchee Bay without interference from the Mid-Bay Bridge. It provides the perfect canvas to design and build your custom dream home, tailored entirely to your vision and lifestyle. With 102 feet of direct Bay frontage, the homesite can accommodate a substantial estate residence in the range of 4,000 to 6,500 square feet (subject to HOA guidelines). A new vinyl seawall, that is currently being completed by a licensed marine contractor at a cost of approximately $50,000, further enhances the property's value and readiness for development. Kelly Plantation is renowned for its lush landscaping, natural beauty, and world-class amenities, including: * A neoclassical-style clubhouse * A 18-hole championship golf course * Resort-style swimming pool and fitness center * Five tennis courts * Four pickle ball courts * Scenic walking and biking trails, parks, and bay front boardwalks Residents enjoy 24-hour gated security and a serene, nature-rich environment, all while being conveniently located in the heart of Destin. The community offers direct access to the bay, perfect for boating, kayaking, fishing, and dolphin watching. Just across Highway 98, you'll find Destin's famous emerald-green waters and white sandy beaches,along with premier shopping, dining and entertainment at nearby Destin Commons. The airport is also just a short drive away, making travel effortless. Opportunities like this are exceptionally rare. Secure your place in one of Destin's most sought-after communities and create a legacy waterfront home that will be treasured for generations.
Full Property Details
Full Property Details for 4505 Sawgrass Way
General
- Price: $2,425,000
- Taxes: $10,027 (2025)
- Status: Active
- Type: Residential Lots
- Source: Emerald_Coast
- MLS ID: 998586
- Updated: 7/7/2026
- Added to Site: 111 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Not Allowed, Pickle Ball, BBQ Pit/Grill, Exercise Room, Fishing, Gated Community, Golf, Handball, Pavillion/Gazebo, Playground, Pool, Tennis, Waterfront, Owners Pets Allowed
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: KELLY PLANTATION S/D PH 2 , Lot 3 Blk J
- Driving Directions: From Hwy 98 in Desrin turn South into Kelly Plantation Drive.There is a manned gatehouse at entrrance. Continue .9 of a mile onto Stilling Circle. At the roundabout, take the first exit onto Mattie;s Way. At the next round about, take the first exit onto Sand Myrtle Trail. in 800 feet turn left onto Sawgrass Way. Lot is On the Bay. Seawall currently under construction.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Ground Keeping, Legal, Licenses/Permits, Management, Master Association, Other Utilities, Recreational Faclty, Security, Services, Supplies
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Phone, Public Water, Sewer Available, TV Cable, Underground, Gas Available
Lot Features
- Property View: Bayou, Bay
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,908.8
- Lot Dimensions: 102.04'' Bay front x 185.11' x 199.19' x 103.55''
- Frontage: Private Road
- Street/Road Desc.: Paved Road
- Lot Features: Bulkhead/Seawall, Coastal Setback, Covenants, Cul-De-Sac, Flood Insurance Req, Interior, Level, Restrictions, Survey Available, Within 1/2 Mile to Water, Wooded
- Zoning: Deed Restrictions, Resid Single Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Bay, Shore - Seawall
Financial Considerations
- Price Per Acre: $5,052,083.33
- Assessment Amount: $899
- Tax Amount: $10,027.85
- Tax Year: 2025
Disclosures and Reports
- Legal Description: KELLY PLANTATION PH II LOT 3 BLK J
- APN: 00-2S-22-1356-000J-0030
- Property ID: 00-2S-22-1356-000J-0030
Listed by The Mary Stephens Team
Get Pre-Approved Today
Schools
Schools serving 4505 Sawgrass Way
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 1.3 mi |
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 2.8 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 11.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4505 Sawgrass Way
Date
Details
Price
Change
Source
3/21/2026
Listed
$2,425,000
136.59%
MLS
9/30/2004
Sold
$1,025,000
—
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 4505 Sawgrass Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,028
7%
$1,012,776
4%
2024
$9,414
3%
$973,824
—
2023
$9,131
35%
$973,823
60%
2021
$6,761
-17%
$608,944
-28%
2022
$8,157
21%
$843,137
45%
2021
$6,761
10%
$581,400
8%
2019
$6,141
1%
$540,220
2%
2018
$6,104
5%
$529,627
7%
2017
$5,818
9%
$494,979
8%
2016
$5,350
3%
$458,315
6%
2015
$5,209
-2%
$432,372
—
2014
$5,292
—
$433,456
—
2013
$5,289
—
$433,500
—
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 4505 Sawgrass Way
4505 Sawgrass Way, Destin, FL 32541 (MLS# 998586) is a Residential Lots property with a lot size of 0.48 acres. 4505 Sawgrass Way is currently listed for $2,425,000 and was received on March 21, 2026. Want to learn more about 4505 Sawgrass Way? Do you have questions about finding other Residential Lots real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

