"The Boat House of Holiday Isle" Online Real Estate Auction

"The Boat House of Holiday Isle" Online Real Estate Auction

Bidding begins to close on July 31^st at 1:00pm CT

12 Magnolia Drive – Destin, FL 32541

Open House - June 16 and June 17 from 10am to 1pm Central Time 

**Added Open House Dates:   July 9 from 1pm to 2:30pm Central and  July 30 from 10am to 1pm Central Time**

Holiday Isle, Lot 6 Block C

Lot is approximately 14,800 square feet per appraisal 

Parel ID: 00 2S 24 2186 000C 00060

The Executors of the Estate have commissioned this property to sell at Auction. This exceptional location is currently enjoyed by the 4th generation since it was originally purchased by the family.  

Perhaps only the 2nd property to ever be offered at public online auction on Holiday Isle, we think you will agree that the spectacular views, location & potential of this breathtaking property may turn dreams into a reality for the successful Bidder.  

Video

There are (2) sides to this house.  Original part built in the '60's is the original home with upgrades through the years, the last one being in 2023.  The newer side was built in 1975+/- with the last updates in early 2000's.

• One side House has (3) En-suite Bedrooms, Open concept Living/Kitchen/Dining, Laundry/Bunk room 
• Other Side has ground level suite with laundry.   Spiral staircase leads to the 2nd level with a large open plan: Living/Dining/Kitchen/Master Bedroom suite.   
• Owner's side 3rd level is an observatory
• Deck on Owner's side has been partially demoed 
• Boat slip under the house - the slip is leased through 12/31/26 and sells subject to that agreement. 
• FWA/Central air
• Full appraisal in 2024 values this home at $1.9 Million 

Home needs some remodeling on one side - Bidders should check local regulations especially with regard remodeling homes that are above water.  

Bidders should make themselves familiar with local building codes, flood zones, insurance requirements, etc. prior to bidding.  

Once registered bidders submit their bank letter of credit they will be supplied with further due diligence materials that the seller has provided to the Auctioneer/Broker. 

HOA Dues: SEE DOCUMENTS

Termite Bond: Status unknown per Seller

Property taxes per Okaloosa County were current as of June 10, 2026.   Due by June 30, 2026 (Quarterly payment) : $3,608.17

Tax information here:  https://county-taxes.net/okaloosa/property-tax/b2thbG9vc2E6cmVhbF9lc3RhdGU6cGFyZW50czplZmNiZjVhZC1lNTA5LTExZWItYTgwZi0wMDUwNTY4MWEyYjc=/bills/f9150c6c-ab56-11f0-b6e4-005056812e81#bill

Bids start at $750,000

There is a 10% Auction/Buyer's Premium which will be added to the bid to become the total selling price if final bid is accepted. 

Selling subject to Seller's  confirmation and acceptance of the high bid. 

All bidders are encouraged to attend open houses.  Property is available to have your own home inspection done by appointment (contact Damon@AuctionByPearce.com) 

HIIA Consolidated Covenants

FL Broker:   Pete Horton FL# AU5123 / FL Real Estate #BK3496491  205.600.9595

Marketing and Bidding Platform managed by: Pearce Properties and Auction Marketing, Inc.  Damon@AuctionByPearce.com / 205.966.8114 

Proof of Funds: Proof of funds will be required to become a registered bidder. Proof of funds can be in the form of a pre-approval letter, bank statement, bank letter, or something similar. Proof of funds can be submitted to Damon@AuctionByPearce.com 

Earnest Money: An earnest money deposit in the amount of $150,000 will be required from the successful purchaser within 24 hours of the auction ending, with the balance due within 45 days. Earnest money deposit can be made by cashier's check or bank wire transfer. Title Company handling closing will be posted prior to Auction's end. 

Buyer's Premium: 10% Auction Premium

Example: $100,000 (Bid Price) + $10,000 (Auction Premium) = $110,000 (Total Contract of Sale Price)

HOW IT WORKS: 

https://www.auctionbypearce.com/marknet/how-to-bid

CREATE AN ACCOUNT: 

https://bids.auctionbypearce.com/register

FL Broker:  Pete Horton FL # AU5123, FL RE #BK3496491    251.600.9595

Auction Marketing & Bidding Platform by Pearce Properties & Auction Marketing, Inc.    

 *Exclusive Holiday Isle address / *Exceptional convenience / *Breathtaking views