4505 Sawgrass Way, Destin, FL 32541 (MLS# 998586)

4505 Sawgrass Way, Destin, FL 32541

$2,425,000

Enjoy gorgeous water views while golfing at Kelly Plantation!

Enjoy miles of scenic walking and biking trails thru-out Kelly Plantation.

Exceptional opportunity to buy a premium home site with 102' on the Bay in Kelly Plantation...one of Destin's most prestigious communities.

Build your dream home and enjoy inubstructed Bay views.

The golf course was designed by Fred Couples and Gene Baggs. Enjoy great Coastal views!

There are 4 lighted clay tennis courts and 1 hard surface tennis court.

Kelly Plantation Lot 3 Blk J will accommodate a large luxury home. A seawall with the latest modern, vinyl technology is under construction and almost completed at a cost of approximately $50,000.

This bay front homesite is the last site available on this quiet cul-de-sac on Seagrass Way.

The new vinyl seawall is almost completed at a cost of approximately $50,000.

Enjoy boating, fishing, dophin watching, and kayacking on the Bay!

There are only 4 Bay front sites left in Kelly Plantation. Lot 3 is the only Bay site situated on a quiet cul-de-sac with high end homes. It is just a short drive to the pristine beaches, shopping and dining.

Choctawhatchee Bay is a fisherman's delight with both fresh and saltwater fishing.

There is a manned gated entry off Hwy 98 in Central Destin.

Kelly Plantation features a Clubhouse with fitness center and large pool.

Owners enjoy the Clubhouse with gym, outside grilling area and large pool.

Owners enjoy a grill and fireplace outside the Clubhouse .

Kelly Plantation is just a short drive to the blue water gulf beaches with sugar white sand!

This is a great place for a picnic overlooking Lake Lake Rangia in Kelly Plantation.

Nature lovers will enjoy walking or biking on the beautiful nature trails in Kelly Plantation!

This trail leads to a gazebo at the end of the walkway that is the perfect place to relax and view Jones Bayou.

Yauon Park is another beautiful nature preserve to enjoy in Kelly Plantation.

Enjoy beautiful views while walking or biking though Kelly Plantation.

Kelly Park offers two accesses that lead to the Bay--perfect for enjoying the sunsets!

Property Type: Land Lot Size (sq. ft.): 20,909 Status: Active

Current Price: $2,425,000 List Date: 3/21/2026 Last Modified: 3/26/2026

Overview

Description

Rare Bay front Home site in Kelly Plantation - A Once-in-a-Lifetime Opportunity We are proud to present one of the last remaining Bay front home sites 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 lot, 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 from both the main living areas and future primary suite--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. Spanning approximately 0.48

Supplements: acre and 102 feet of direct Bay frontage, the home site 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 ... (Read more)

Listing Details MLS# 998586

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 5052083.33

Location Tax and Legal

Street #: 4505
Street Name: Sawgrass
Street Suffix: Way
Area: 14 - Destin
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: KELLY PLANTATION S/D PH 2 , Lot 3 Blk J
Parcel ID: 00-2S-22-1356-000J-0030

General Property Info

Sub-Type: Vacant Land
Mineral Rights: No
Acreage: 0.48

Waterfront

Waterfront Feet: 102
Bay: Yes
Shore - Seawall: Yes

More Information

Location, Tax and Legal

Sub Area: 1401 - Destin Beach West
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: KELLY PLANTATION PH II LOT 3 BLK J

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 899
Annual Assessment Amount: 3596
Assessment Paid: Quarterly
New Buyer Fee: Yes
New Buyer Fee Amt: 659.33
New Buyer Fee Paid: $
Last Taxes: 10027.85
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Rare Bay front Home site in Kelly Plantation - A Once-in-a-Lifetime Opportunity We are proud to present one of the last remaining Bay front home sites 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 lot, 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 from both the main living areas and future primary suite--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. Spanning approximately 0.48

Waterview

Bay: Yes
Bayou: Yes

Lot Features

Bulkhead/Seawall: Yes
Coastal Setback: Yes
Covenants: Yes
Cul-De-Sac: Yes
Flood Insurance Req: Yes
Interior: Yes
Level: Yes
Restrictions: Yes
Survey Available: Yes
Within 1/2 Mile to Water: Yes
Wooded: Yes

Project Facilities

BBQ Pit/Grill: Yes
Exercise Room: Yes
Fishing: Yes
Gated Community: Yes
Golf: Yes
Handball: Yes
Owners Pets Allowed: Yes
Pavillion/Gazebo: Yes
Pickle Ball: Yes
Playground: Yes
Pool: Yes
Short Term Rental - Not Allowed: Yes
Tennis: Yes
Waterfront: Yes

Lot Access

Controlled Access: Yes
Paved Road: Yes
Private Road: Yes

Utilities

Electric: Yes
Gas Available: Yes
Phone: Yes
Public Sewer: Yes
Public Water: Yes
Sewer Available: Yes
TV Cable: Yes
Underground: Yes

Zoning

Deed Restrictions: Yes
Resid Single Family: Yes

Fees Include

Accounting: Yes
Ground Keeping: Yes
Legal: Yes
Licenses/Permits: Yes
Management: Yes
Master Association: Yes
Other Utilities: Yes
Recreational Faclty: Yes
Security: Yes
Services: Yes
Supplies: Yes

Property Features

Lot Access: Controlled Access; Paved Road; Private 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 Waterfront: Bay; Shore - Seawall Waterview: Bay; Bayou Project Facilities: BBQ Pit/Grill; Exercise Room; Fishing; Gated Community; Golf; Handball; Owners Pets Allowed; Pavillion/Gazebo; Pickle Ball; Playground; Pool; Short Term Rental - Not Allowed; Tennis; Waterfront Utilities: Electric; Gas Available; Phone; Public Sewer; Public Water; Sewer Available; TV Cable; Underground Fees Include: Accounting; Ground Keeping; Legal; Licenses/Permits; Management; Master Association; Other Utilities; Recreational Faclty; Security; Services; Supplies

Documents

Kelly Plantation ByLaws ›

Kelly Plantation Rules And Regulations ›

Kelly Plantation Amended Declaration ›

Kelly Plantation Architectural Guideline ›

Listing Office: The Mary Stephens Team

Last Updated: March - 26 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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