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$1,495,000
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Property Description
Welcome to coastal living at its best! This charming home is located in the highly sought-after Terra Cotta Terrace community, just steps from the sugar-white sands and emerald waters of the Gulf. Whether you're looking for a primary residence, vacation getaway, or investment opportunity, this property delivers the perfect blend of comfort, convenience, and beachside lifestyle.Inside, you'll find a spacious layout designed for gathering and relaxing, with multiple living spaces ideal for family and friends. The primary suite offers a private retreat complete with a cozy gas fireplace and access to a balcony, the perfect spot to enjoy morning coffee or evening breezes. The third-floor bedroom doubles as a fun entertainment space, featuring plenty of room for guests and a The third-floor bedroom doubles as a fun entertainment space, featuring plenty of room for guests and a selection of games that make it a favorite hangout for kids and adults alike. Front and back balconies extend the living space outdoors, giving you multiple vantage points to soak up the coastal air. As a resident of Terra Cotta Terrace, you'll have access to wonderful community amenities including a private deeded beach access, swimming pool, tennis courts, and sand volleyball. The neighborhood is golf cart-friendly, making beach runs and exploring the area a breeze. The location is unbeatablejust a short jaunt or quick ride to the Gulf, and minutes from some of Destin's best dining, shopping, and entertainment. From fresh seafood at beachfront restaurants to family fun at Destin Commons, Henderson Beach State Park, and world-class golf courses, everything you love about the Emerald Coast is right at your fingertips. The location is unbeatable-just a short stroll or quick ride to the Gulf, and minutes from some of Destin's best dining, shopping, and entertainment. From fresh seafood at beachfront restaurants to family fun at Destin Commons, Henderson Beach State Park, and world-class golf courses, everything you love about the Emerald Coast is right at your fingertips.
Full Property Details
Full Property Details for 48 Terra Cotta Way
General
- Price: $1,495,000
- Taxes: $11,367 (2024)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 986775
- Updated: 1/3/2026
- Added to Site: 104 day(s) ago
Interior
- Rooms/Areas: Bedroom, Dining Area, Full Bathroom, Garage, Great Room, Kitchen, Laundry, Master Bathroom, Master Bedroom, Recreation Room
- Interior Features: Ceiling Raised, Fireplace 2+, Floor Hardwood, Floor Tile, Furnished - All, Lighting Recessed, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
- Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Great Room: Great Room
- Kitchen: Kitchen
- Game room: Yes
- Game Room: Recreation Room
- Rec Room: Yes
Additional Information
- Shared Amenities: BBQ Pit/Grill, Deed Access, Playground, Pool, Short Term Rental - Allowed, Tennis
- Pool: Yes
Exterior
- Exterior Features: Patio Covered, Shower
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Garage Attached, Oversized, See Remarks
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Terra Cotta Terrace
- Driving Directions: From HWY 98 in Destin, south on Matthew Drive. East (left) on Scenic 98 to Terra Cotta Way. Home is on the left.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Heating/Cooling: AC - 2 or More, Double Pane Windows, Water Heater - Elect
Utilities
- Utility Description: Electric, Public Sewer, Public Water, TV Cable
Structural Information
- Architectural Style: Beach House
- Construction: Roof Tile/Slate, Stucco
- Stories/Levels: 3
- Square Feet: 3,240
- Sq. Ft. Source: County PA Records
- Year Built: 1993
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.11
- Lot Dimensions: 50 x 97
- Street/Road Desc.: City Road, Paved Road, See Remarks
- Lot Features: Covenants, Restrictions, Within 1/2 Mile to Water
- Zoning: Resid Single Family
Financial Considerations
- Assessment Amount: $199
- Assmt Payment Freq: Monthly
- Tax Amount: $11,367
- Tax Year: 2024
Disclosures and Reports
- Legal Description: TERRA COTTA TERRACE LOT 6
- Assessment: Yes
- APN: 00-2S-22-2499-0000-0060
Listed by Destin Legacy Real Estate Llc
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Schools
Schools serving 48 Terra Cotta Way
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 1.9 mi |
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 5.6 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 14.4 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 48 Terra Cotta Way
Date
Details
Price
Change
Source
10/03/2025
Listed
$1,495,000
6.79%
MLS
5/16/2024
Sold
$1,400,000
—
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 48 Terra Cotta Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,301
17%
$1,123,084
13%
2024
$11,368
6%
$994,583
3%
2023
$10,744
44%
$962,518
61%
2021
$7,436
-20%
$598,836
-22%
2022
$9,267
25%
$768,993
40%
2021
$7,436
14%
$549,080
6%
2019
$6,541
1%
$515,693
2%
2018
$6,506
4%
$506,703
6%
2017
$6,257
1%
$478,762
1%
2016
$6,172
1%
$475,167
2%
2015
$6,120
14%
$463,824
17%
2013
$5,377
—
$397,646
—
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 48 Terra Cotta Way
48 Terra Cotta Way, Destin, FL 32541 (MLS# 986775) is a Single Family property with 4 bedrooms and 4 full bathrooms. 48 Terra Cotta Way is currently listed for $1,495,000 and was received on October 03, 2025. Want to learn more about 48 Terra Cotta Way? 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.

