4765 Calatrava Court, Destin, FL 32541 (MLS# 995898)

4765 Calatrava Court, Destin, FL 32541

$749,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,302 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $749,000 List Date: 2/20/2026 Last Modified: 3/24/2026

Overview

Description

Gross Rental Income for 2025 was $65,297.42! Great 3 bed/2 bath vacation rental in Terra Cotta Terrace. Comes fully furnished along with a hot tub. New HVAC unit has been installed. Just a short walk to the gated, private beach access. Inside you will find an open & bright floor plan with wood look tile flooring throughout and a spacious kitchen equipped with stainless appliances and a breakfast bar. The large back deck is where you will find the hot tub and out front is a firepit with Adirondack chairs and a large covered porch; plenty of options to relax after a day at the beach. Amenities include a community pool, volleyball and tennis courts. Conveniently located to great restaurants, shopping and fun activities for both kids and adults.

Listing Details MLS# 995898

Contract Info

List Price/SqFt: 575.27
Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin
Street #: 4765
Street Name: Calatrava
Street Suffix: Court
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: TERRA COTTA TERRACE
Parcel ID: 00-2S-22-2499-0000-0400

General Property Info

Sub-Type: Detached Single Family
Design: Mediterranean
Apx SqFt(Htd/Cooled): 1302
SqFt Source: County PA Records
Full Baths: 2
Total Bathrooms: 2
# Stories: Yes
Year Built: 1992
Garage: No
Carport: No
Acreage: 0.1
Pool: Yes
Pool Type: Community

Location, Tax and Legal

Sub Area: 1404 - Destin Beach East
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: TERRA COTTA TERRACE LOT 40 AND PART LOT 41 COM NE COR LOT 40 S ALG LOT LINE 17.67FT TO POB S87 DEG E 2.79FT S2 DEG W 36.56FT S43 DEG E 2.4FT S2 DEG W 9.56FT S47 DEG W 1.67FT S2 DEG W 27.1 FT TO R/W THC WLY ALG R/W 5.26FT TO E LINE LOT 40 THC N ALG LINE 80.2FT TO POB

Listing Info, Tax & Legal

Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 228.49
Annual Assessment Amount: 2741.88
Assessment Paid: Monthly
New Buyer Fee: No
Last Taxes: 7176.18
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: No

More Information

Remarks & Misc

Remarks: Gross Rental Income for 2025 was $65,297.42! Great 3 bed/2 bath vacation rental in Terra Cotta Terrace. Comes fully furnished along with a hot tub. New HVAC unit has been installed. Just a short walk to the gated, private beach access. Inside you will find an open & bright floor plan with wood look tile flooring throughout and a spacious kitchen equipped with stainless appliances and a breakfast bar. The large back deck is where you will find the hot tub and out front is a firepit with Adirondack chairs and a large covered porch; plenty of options to relax after a day at the beach. Amenities include a community pool, volleyball and tennis courts. Conveniently located to great restaurants, shopping and fun activities for both kids and adults.

Construction Status

Construction Complete: Yes

Lot/Parcel Access

County Road: Yes

Lot Features

Cul-De-Sac: Yes
Sidewalk: Yes

Project Facilities

Beach: Yes
Deed Access: Yes
Pool: Yes
Tennis: Yes

Construction/Siding

Roof Tile/Slate: Yes
Stucco: Yes

Utilities

Electric: Yes
Gas - Natural: Yes
Phone: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes

Zoning

Resid Single Family: Yes

Exterior

BBQ Pit/Grill: Yes
Deck Open: Yes
Hot Tub: Yes
Patio Covered: Yes
Porch Open: Yes
Shower: Yes

Interior

Breakfast Bar: Yes
Ceiling Vaulted: Yes
Floor Tile: Yes
Furnished - All: Yes
Lighting Recessed: Yes
Pantry: Yes
Split Bedroom: Yes
Washer/Dryer Hookup: Yes
Window Bay: Yes
Window Treatment All: Yes
Woodwork Painted: Yes

Financing

Conventional: Yes
FHA: Yes
VA: Yes
Other: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Refrigerator W/IceMk: Yes
Smoke Detector: Yes
Smooth Stovetop Rnge: Yes
Stove/Oven Electric: Yes
Washer: Yes

Energy

AC - Central Elect: Yes
Ceiling Fans: Yes
Heat Cntrl Gas: Yes
Water Heater - Elect: Yes

Mstr Bdrm/Mstr Bath

MBath Separate Shwr: Yes
MBath Shower Only: Yes
MBath Tile: Yes
MBed First Floor: Yes
MBed Sitting Area: Yes

Master Bedroom

First: Yes

Bedroom

First: Yes

Kitchen

First: Yes

Living Room

First: Yes

Rooms

Bedroom: Yes
Dining Area: Yes
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bathroom: Yes
Master Bedroom: Yes

Fees Include

Accounting: Yes
Ground Keeping: Yes
Management: Yes
Recreational Faclty: Yes

Existing Leases

Daily/Weekly: Yes

Property Features

Construction Status: Construction Complete Lot Features: Cul-De-Sac; Sidewalk Zoning: Resid Single Family Project Facilities: Beach; Deed Access; Pool; Tennis Exterior: BBQ Pit/Grill; Deck Open; Hot Tub; Patio Covered; Porch Open; Shower Interior: Breakfast Bar; Ceiling Vaulted; Floor Tile; Furnished - All; Lighting Recessed; Pantry; Split Bedroom; Washer/Dryer Hookup; Window Bay; Window Treatment All; Woodwork Painted Appliances: Dishwasher; Dryer; Microwave; Refrigerator W/IceMk; Smoke Detector; Smooth Stovetop Rnge; Stove/Oven Electric; Washer Utilities: Electric; Gas - Natural; Phone; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Gas; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Rooms: Bedroom; Dining Area; Kitchen; Laundry; Living Room; Master Bathroom; Master Bedroom Financing: Conventional; FHA; VA; Other Fees Include: Accounting; Ground Keeping; Management; Recreational Faclty Existing Leases: Daily/Weekly

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Kitchen	First	11.5 x 10.2	11.50	10.20
Dining Area	First	12.1 x 9.33	12.10	9.33
Living Room	First	19 x 17.8	19.00	17.80
Master Bedroom	First	15 x 13	15.00	13.00	Dimensions: 13/8'' x 15'2''
Bedroom	First	12 x 10	12.00	10.00
Bedroom	First	10 x 10	10.00	10.00
Laundry	First	10.4 x 5	10.40	5.00
Master Bathroom	First	8.4 x 5.8	8.40	5.80

Documents

Amended Restrictions ›

Restrictions ›

Cost to Own Estimate ›

2025 Gross Revenue Report ›

Listing Office: EXP Realty LLC

Last Updated: March - 24 - 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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