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$875,000
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Property Description
Elevated living in Destiny East is truly attainable at this exceptional price. Whether used as a full-time residence or a strong income-producing investment, this quality-built 3BR/2BA home offers comfort, space, and recent updates throughout. Improvements include exterior paint, new attic insulation, Generac whole-house generator, updated HVAC, plantation shutters, new water heater, and newer appliances. The single-level layout features a spacious foyer, open dining and living areas with gas fireplace, and an attached garage with attic storage. The kitchen offers granite counters, updated cabinetry, a pantry, and breakfast area. The large primary suite features two walk-in closets, double vanities, whirlpool tub, walk-in shower, and private access to the screened lanai. Two additional guest bedrooms include ample storage, and the guest bath also features a whirlpool tub. The screened lanai overlooks a private backyard with room for a splash pool, expanded entertaining area, or serene garden retreat. Located in the highly coveted gated community of Destiny East, residents enjoy top-tier amenities including two pools, tennis and pickleball courts, gym, hot tub, playground, walking trail, and access to Four-Prong Lake for fishing and kayaking. An underground pedestrian tunnel provides safe beach access without crossing the road. Golf cart-friendly and close to shopping and dining, Destiny East offers a true resort-style lifestyle. This home is priced to sell and will not last.
Full Property Details
Full Property Details for 4735 Papaya Park
General
- Price: $875,000
- Taxes: $8,616 (2024)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 989877
- Updated: 11/18/2025
- Added to Site: 60 day(s) ago
Interior
- Rooms/Areas: Bedroom, Dining Room, Full Bathroom, Garage, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
- Interior Features: Breakfast Bar, Built-In Bookcases, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Fireplace Gas, Floor Tile, Floor WW Carpet, Furnished - Some, Lighting Recessed, Newly Painted, Pantry, Plantation Shutters, Pull Down Stairs, Shelving, Washer/Dryer Hookup, Window Treatment All
- Appliances: Auto Garage Door Opn, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
- Dining Room: Dining Room
Additional Information
- Shared Amenities: BBQ Pit/Grill, Community Room, Gated Community, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Playground, Pool, Short Term Rental - Allowed, Tennis
- Pool: Yes
Exterior
- Exterior Features: Fenced Lot-Part, Hurricane Shutters, Porch Screened, Rain Gutter, Sprinkler System
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Deeded, Garage Attached
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Destiny East Ph 3
- Driving Directions: Emerald Coast parkway to Destiny East North gates. Travel through the private community gates and veer slightly left to stay on Tranquility. At the first stop sign take a left onto Papaya Park. Home will be on your left.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Heating/Cooling: AC - Central Elect, AC - High Efficiency, Ceiling Fans, Double Pane Windows, Heat Cntrl Gas, Heat High Efficiency, Insulated Doors, Water Heater - Gas
Utilities
- Utility Description: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, TV Cable, Underground
Structural Information
- Architectural Style: Contemporary
- Construction: Foundation Off Grade, Roof Pitched, Roof Tile/Slate, Stucco
- Stories/Levels: 1
- Square Feet: 2,145
- Sq. Ft. Source: County PA Records
- Year Built: 1999
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: 67.25 x 109.9 x 62.72 x 115.8
- Lot Features: Covenants, Cul-De-Sac, Sidewalk, Within 1/2 Mile to Water
- Zoning: City, Resid Single Family
Financial Considerations
- Assessment Amount: $960
- Assmt Payment Freq: Quarterly
- Tax Amount: $8,616
- Tax Year: 2024
- Terms: Conventional
Disclosures and Reports
- Legal Description: DESTINY EAST PH III LOT 181
- Assessment: Yes
- APN: 00-2S-22-0076-0000-1810
Listed by Destin Vacation Company LLC
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Schools
Schools serving 4735 Papaya Park
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 1.5 mi |
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 5.3 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 14.1 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 4735 Papaya Park
Date
Details
Price
Change
Source
11/18/2025
Listed
$875,000
110.84%
MLS
2/27/2015
Sold
$415,000
—
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 4735 Papaya Park
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,631
—
$770,613
-9%
2024
$8,617
11%
$843,494
15%
2023
$7,732
14%
$734,333
20%
2022
$6,802
16%
$614,497
30%
2021
$5,885
—
$473,939
7%
2021
$5,885
8%
$441,167
2%
2019
$5,460
8%
$430,458
9%
2018
$5,071
2%
$394,895
4%
2017
$4,973
7%
$380,520
7%
2016
$4,634
1%
$356,758
3%
2015
$4,596
10%
$346,937
11%
2014
$4,190
2%
$312,398
2%
2013
$4,125
—
$305,068
—
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 4735 Papaya Park
4735 Papaya Park, Destin, FL 32541 (MLS# 989877) is a Single Family property with 3 bedrooms and 2 full bathrooms. 4735 Papaya Park is currently listed for $875,000 and was received on November 18, 2025. Want to learn more about 4735 Papaya Park? 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.

