4505 Sawgrass Way, Destin, FL 32541

$2,425,000
Property Type: Land Lot Size (sq. ft.): 20,909 Status: Active
Current Price: $2,425,000 List Date: 3/21/2026 Last Modified: 4/06/2026

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 for development. Kelly Plantation is renowned for its lush landscaping, natural beauty, and world-class amenities, including: A neoclassical-style clubhouse An 18-hole championship golf course Resort-style swimming pool and fitness center Five tennis courts Four pickle ball courts Scenic walking and biking trails, parks, and bay front boardwalks Residents enjoy 24-hour gated security and a serene, nature-rich environment, all while being conveniently located in the heart of Destin. The community offers direct access to the bay, perfect for boating, kayaking, fishing, and dolphin watching. Just across Highway 98, you'll find Destin's famous emerald-green waters and white sandy beaches,along with premier shopping, dining and entertainment at nearby Destin Commons. The airport is also just a short drive away, making travel effortless. Opportunities like this are exceptionally rare. Secure your place in one of Destin's most sought-after communities and create a legacy waterfront home that will be treasured for generations.

More Information MLS# 998586

Contract Info

Listing Board: Emerald Coast List Price/Acre: 5052083.33 List Date: 2026-03-21 List Price: $2,425,000

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

General Property Info

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

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

Waterfront

Bay: 1 Shore - Seawall: 1 Waterfront Feet: 102

Waterview

Bay: 1 Bayou: 1

Lot Features

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

Project Facilities

BBQ Pit/Grill: 1 Exercise Room: 1 Fishing: 1 Gated Community: 1 Golf: 1 Handball: 1 Owners Pets Allowed: 1 Pavillion/Gazebo: 1 Pickle Ball: 1 Playground: 1 Pool: 1 Short Term Rental - Not Allowed: 1 Tennis: 1 Waterfront: 1

Lot Access

Controlled Access: 1 Paved Road: 1 Private Road: 1

Utilities

Electric: 1 Gas Available: 1 Phone: 1 Public Sewer: 1 Public Water: 1 Sewer Available: 1 TV Cable: 1 Underground: 1

Zoning

Deed Restrictions: 1 Resid Single Family: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Legal: 1 Licenses/Permits: 1 Management: 1 Master Association: 1 Other Utilities: 1 Recreational Faclty: 1 Security: 1 Services: 1 Supplies: 1

None

Current Price: $2,425,000

Status Change Info

Status: Active

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

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

Listing Office: The Mary Stephens Team
Last Updated: April - 06 - 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.