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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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54 Terra Cotta Way , Destin, FL 32541
$1,075,000
Est. Payment: $5,452.20/mo
4 Bed
4 Bath
2193 Sqft
Status: active | Days on site: 28
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Discover the perfect blend of location, comfort, and investment opportunity at 54 Terra Cotta Terrace. This beautifully designed 4-bedroom, 4-bathroom beach home spans 2,193 square feet of thoughtfully laid-out living space and is perfectly positioned just a short stroll from the sugar-white sands and emerald waters of the Gulf--with deeded beach access making every day feel like a vacation. From the moment you step inside, you're welcomed by a bright, open-concept living area filled with natural light and coastal elegance. The home's three-story layout offers ideal separation of space, making it perfect for hosting guests, accommodating multiple families, or maximizing rental income. Three of the four spacious bedrooms are paired with its own full bath, creating a true retreat for owners and guests alike. The well-appointed kitchen, multiple entertainment spaces, private deck with peekaboo Gulf view and backyard patio provide the perfect setting for entertaining or unwinding after a day at the beach. Located within the desirable Terra Cotta Terrace community, residents enjoy gated community pool access, pickle ball/tennis courts, sand volleyball and deeded beach access, all just minutes from Destin's top dining, shopping, and entertainment. Whether you're searching for a primary residence, second home, or a high-performing short-term rental, this property checks every box--with rental projections exceeding $120K+ annually offering serious income potential. Opportunities like this--combining location, lifestyle, and income--are rare. Don't miss your chance to own a turnkey beach home in one of the most sought-after destinations on the Emerald Coast. Buyer to verify all information. Professional photos will be added soon.

Highlights

Listed by At The Beach Team , 850-654-3325 and Martin Luus , 850-296-7011 Keller Williams Realty Destin , 850-654-2900. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.1

HOA Fee

Year Built

1993

County

Okaloosa

Area

14 - Destin

Neighborhood

Terra Cotta Terrace

Listing ID

999033

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Auto Garage Door Opn, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Laminate,Floor Tile
Other:
  • Additional:Breakfast Bar, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Washer/Dryer Hookup

Exterior Features

Lot:Covenants,Cul-De-Sac,Within 1/2 Mile to Water,See Remarks
Lot Dimensions:49 x 90
Zoning:Resid Single Family
Others:
  • Additional:BBQ Pit/Grill, Deck Covered, Deck Open, Patio Open
Sewer:Public Sewer
Parking Features:Garage,Golf Cart Open,See Remarks
Principal Interest
$5,452
Taxes
$821
HOA
$0

Home Price

$1,075,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$215,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,452.20

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,452.20 $820.55 $0.00 $6,272.75
Yearly $65,426.37 $9,846.58 $0.00 $75,272.95
Total $1,962,790.98 $295,397.40 $0.00 $2,258,188.38

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Destin, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T07:16:22.000Z

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