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$4,500,000
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Property Description
NEW LISTING! Welcome to 612 Magnolia Drive, an exceptional waterfront estate oriented on the deep waters of the scenic harbor of Holiday Isle, an exclusive, and very rare, beach and boating enclave in Destin, Florida. This furnished deep-water residence on the canal yields +/-6,000 square feet of luxuriously renovated living space, containing 4 bedrooms and 4.5 bathrooms, and an extraordinary combination of design, quality, craftsmanship, and functionality throughout. The expansive layout is enhanced by soaring ceilings and floor-to-ceiling windows that naturally illuminate the home while offering breathtaking waterfront vistas. Interior features include an elevator, dual laundry rooms, quartz countertops, custom cabinetry, Viking appliances, automated window treatments, Kinetico water softener, reverse osmosis drinking system, and tankless water heaters. The outdoor living area offers expansive entertaining spaces, a dock with 16,000-pound boat lift, and a heated saltwater pool that seamlessly integrates its indoor comforts with Destin's quintessential waterfront lifestyle. The rooftop deck, accessible by both elevator and spiral staircase, captures breathtaking 360° panoramic views of the Gulf of America, the Destin Harbor, Intracoastal Waterway, and Choctawhatchee Bay; the perfect vantage point for year-round sunrises and sunsets. The residents of Holiday Isle enjoy two private, gated points of access to the world-class beach, extremely reasonable annual Association dues of only $593.00 [currently] for 2025, and a lifestyle defined by convenience and proximity and access to sugar white sand beaches, world-class boating, fishing, dining, and shopping along the Emerald Coast of Northwest Florida. Destin's newest Publix just opened, within a 5-minute drive from Holiday Isle on Main Street. Please note documents available under the "Documents" tab. Private showings are by scheduled appointment only with a minimum (24)-hours of required advanced notice. The listing broker(s) must accompany all showings.
Full Property Details
Full Property Details for 612 Magnolia Dr
General
- Price: $4,500,000
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 987848
- Updated: 10/28/2025
- Added to Site: 90 day(s) ago
Interior
- Rooms/Areas: Bedroom, Full Bathroom, Half Bathroom
- Interior Features: Ceiling Raised, Elevator, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Renovated, Washer/Dryer Hookup, Window Treatment All
- Appliances: Auto Garage Door Opn, Central Vacuum, Dishwasher, Disposal, Microwave, Oven Double, Refrigerator W/IceMk, Stove/Oven Gas
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Additional Information
- Shared Amenities: Beach, Deed Access, Fishing, Short Term Rental - Allowed, Waterfront
- Pool: Yes
Exterior
- Exterior Features: Balcony, Boat Slip, Deck Open, Dock, Patio Open, Pool - Heated, Pool - In-Ground, Renovated, Sprinkler System
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Boat, Garage, Garage Attached, Golf Cart Covered
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Holiday Isle
- Driving Directions: Mapquest: 612 Magnolia Drive, Destin, FL 32541
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Heating/Cooling: AC - 2 or More, AC - Central Elect, Water Heater - Tnkls
Utilities
- Utility Description: Electric, Gas - Natural, Public Sewer, Public Water
Structural Information
- Architectural Style: Contemporary
- Construction: Roof Flat, Stucco
- Stories/Levels: 3
- Square Feet: 6,104
- Sq. Ft. Source: County PA Records
- Year Built: 2004
Lot Features
- Property View: Bay, Bayou, Canal, Gulf, Harbor, Intracoastal Waterwy
- Lot Dimensions: 80 x 130
- Street/Road Desc.: Paved Road
- Lot Features: Covenants, Level, Restrictions, Survey Available, Within 1/2 Mile to Water
- Zoning: Resid Single Family
Water Features
- Water Front Type: Canal
Financial Considerations
- Assessment Amount: $593
- Assmt Payment Freq: Annually
- Terms: Conventional
Disclosures and Reports
- Legal Description: Lot 31, Block E, Holiday Isle
- Assessment: Yes
- APN: 00-2S-24-2186-000E-0310
Listed by Somers & Company
Get Pre-Approved Today
Schools
Schools serving 612 Magnolia Dr
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 1.1 mi |
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 4.1 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 9 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 612 Magnolia Dr
Date
Details
Price
Change
Source
10/19/2025
Listed
$4,500,000
181.25%
MLS
11/15/2021
Sold
$1,600,000
—
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 612 Magnolia Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$35,814
3%
$3,023,914
3%
2024
$34,712
2%
$2,930,159
2%
2023
$34,151
119%
$2,883,167
128%
2021
$15,607
-20%
$1,265,237
-22%
2022
$19,577
25%
$1,624,542
43%
2021
$15,607
14%
$1,135,483
5%
2019
$13,736
8%
$1,082,891
9%
2018
$12,732
2%
$991,539
4%
2017
$12,445
-33%
$952,250
-34%
2016
$18,650
4%
$1,435,766
6%
2015
$17,964
3%
$1,351,920
4%
2014
$17,518
4%
$1,302,195
5%
2013
$16,801
—
$1,238,508
—
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 612 Magnolia Dr
612 Magnolia Drive, Destin, FL 32541 (MLS# 987848) is a Single Family property with 4 bedrooms, 4 full bathrooms and 1 partial bathroom. 612 Magnolia Drive is currently listed for $4,500,000 and was received on October 19, 2025. Want to learn more about 612 Magnolia Drive? 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.

