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Welcome to 481 Captains Circle in the beautifully gated community of Regatta Bay where indoor luxury meets outdoor living. Open concept areas are designed for an easy flow for celebrations and gatherings, both inside and out. The entry foyer opens to the formal dining room and sitting area, which overlooks the pool and lake. Enjoy a book in front of the gas fireplace on cooler days. One wall features sliding pocket doors for the perfect view. There are four sets of hurricane rated sliding pocket doors throughout the property. The gourmet kitchen offers three preparation areas enhanced by high-end stainless-steel appliances, including a gas cooktop, dishwasher, double ovens, microwave, ice maker, trash compactor and wine cooler. The countertops are exquisite quartz that extends up the wall. The expansive pantry includes a stunning coffee bar. The laundry room has a sink, folding countertop, a drop zone, built-in shelving and a hanging area. The built-in cabinets and drawers are great for storage. The 20 x 17ft owners retreat features a beautiful gas fireplace, coffered ceiling and sliding pocket doors overlooking the pool and lake. The en-suite bathroom has an oversized, jetted spa bath with controls for heat and water volume as well as LED lighting. The spa shower walls are custom quartz with glass enclosure. There are separate vanities and a makeup area. The large walk-in closet has custom shelving and drawers. A total remodel and renovation completed Sept 2023. Two of the additional guest bedrooms are joined by a common hallway that includes a full bath. A pocket door is perfect to turn this area into a private guest suite. Bedroom four has large windows overlooking the lake. The office has spectacular windows and sliding pocket door that overlook the pool and the lake. Between the fourth bedroom and office is a full bath. The bath has an exterior door that leads to the backyard with an outdoor shower. Step outside to your own private resort-style oasis complete with an in-ground heated pool with hot tub and waterfalls. This exceptional property offers a rare combination of space and sophistication in one of Destin Florida's most sought after locations.

Highlights

  • Residential
  • Single Family Residence
  • Built in 2001
  • 0.57 Acre Lot
  • $1,075/qtr HOA
  • Waterfront
  • 3 Car Garage
  • 2 days on Market

  • Bedrooms
    4
  • Bathrooms
    3
  • Year Built
    2001
  • Stories
    1.0
  • Architectural Style
    L-Shaped
  • Construction Materials
    Stucco
  • Foundation
    Slab
  • Garage Spaces
    3.0
  • Parking Features
    Attached, Other, Garage Door Opener, Garage, Guest
  • Interior Features
    Vaulted Ceiling(s), Pantry, Kitchen Island, In-Law Floorplan, Recessed Lighting, Bookcases, Crown Molding, Beamed Ceilings, Tray Ceiling(s)
  • Appliances
    Dishwasher, Microwave, Refrigerator, Disposal, Cooktop, Double Oven, Range Hood, Gas Water Heater, Electric Oven, Ice Maker, Trash Compactor, Self Cleaning Oven, Wine Refrigerator
  • Flooring
    Tile
  • Exterior Features
    Rain Gutters, Private Yard, Outdoor Shower
  • Patio And Porch
    Covered, Patio, Deck, Porch, Enclosed, Screened
  • Pool Features
    Gunite, Heated, In Ground
  • Security Features
    Smoke Detector(s)
  • Cooling
    Ceiling Fan(s), Central Air, Electric, Gas
  • Heating
    Natural Gas, Electric, Heat Pump, Central

  • Acres
    0.57
  • Lot Features
    Level, Waterfront, Irregular Lot
  • Water Front Features
    Lake Front, Waterfront
  • Water Front
    Yes
  • View
    Lake
  • Utilities
    Underground Utilities, Propane
  • Water
    Public

  • Area
    14 - Destin
  • County
    Okaloosa
  • City
    Destin
  • Neighborhood
    Regatta Bay
  • Zip Code
    32541
  • High School
    Destin
  • Middle School
    Destin
  • Elementary School
    Destin

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Frequently Asked Questions

How do I schedule a tour of 481 Captains Cir?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 481 Captains Cir.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 481 Captains Cir?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $2,395,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Destin, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 481 Captains Cir?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 481 Captains Cir at around $14,739. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 481 Captains Cir?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Okaloosa County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 481 Captains Cir?

In most cases, yes. Whether 481 Captains Cir is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Destin's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 481 Captains Cir?

We can handle that for you. Our preferred local agent specializes in residentials in Destin and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,395,000 with 3,724 sqft of space—that comes out to approximately $643 per square foot.

How long has this property been on the market?

481 Captains Cir was listed on November 08, 2026, which means it's been on the market for 2 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2001, making it approximately 25 years old.

What is the lot size of this property?

481 Captains Cir sits on a 0.57-acre lot, which is 24,829 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Destin
  • Middle: Destin
  • High: Destin

Want to see how these schools compare? Check out our Okaloosa County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 481 Captains Cir?

The most recent public record shows annual property taxes for 481 Captains Cir were approximately $13,322. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $1,075 paid quarterly.

Is 481 Captains Cir still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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