About Destin's Emerald Lakes

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Emerald Lakes in Destin, FL is one of the nicest subdivisions in Destin to own a single family home. Emerald Lakes is a gated community offerring amenies like swimming pool, tennis courts, basketball court, bike and walking trails. Emerald Lakes is located between Regatta Bay and Emerald Bay. Homes for sale in Emerald Lakes typically range between 250k-500k. For more information on buying or selling a home in Emerald Lakes subdivision in Destin, FL call Danny Margagliano at 850-830-4747.

Search all homes for sale in Emerald Lakes Destin FL

Search all Emerald Lakes Homes for Sale in Destin, FL

Emerald Lakes subdivision in Destin, FL is located in the eastern portion of Destin on the bayside of Hwy 98. Being a gated community adds to the privacy and sercurity. There are many homes located along the lakes in the subdivision. Emerald Lakes in Destin has many exclusive amenities including a large pool with BBQ grills, tennis, basketball and a park with slides and swings. Throughout the Emerald Lakes streets are walking and bike paths and benches along the way to enjoy the lake views. If you are interested in buying or selling in Emerald Lakes Destin call Danny Margagliano at 850-830-4747.

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What do I love about this home I just sold on Wekiva Cove in Emerald Lakes, Destin Florida? Hmmm.... It has style! Lots of it. Not a standard floorplan, but interesting hallways, cathedral and raised ceilings and a great layout. The kitchen is a stunner with contemporary cabinets, quartz countertops, eclectic lighting and stainless stell appliances. The living room has gas fireplace and is partially open to the kitchen to add spaciousness. The tiled Florida room is very cool and relaxing with ceiling fans. Master bedroom is private. Master bath has whirlpool tub, separate sit-down shower, and walk-in closet. Other features include: crown molding, security system, motion detector lights surround sound, hurricane panels for the whole house, new air conditioner. What else? Emerald Lakes has a community pool and tennis courts, access to seven lakes for great fishing, gated community in the heart of Destin.


235 Wekiva Cove was under contract in less than 30 days. Listed at $264,700, it sold for $252,000 as a short sale.

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

850-650-7883 ext 204

email itswendy@rulnickrealty.com

This home in Emerald Lakes, Destin Florida, was just approved for short sale. An uncommon scenario, it had three liens. The first was an IndyMac mortgage, the second, a Bank of America home equity line, and the third, a judgment from another creditor.

The seller’s attorney said the short sale could not be accomplished, especially with waiver of deficiency. We succeeded, however. Here are the details for this Emerald Lakes, Destin Florida short sale:

Original purchase price - $490,000 in 2005

IndyMac - balance - $350,000

Bank of America - balance - $50,000

Judgment Lien - $40,000 Note: Judgments in Florida may attach to all the borrower’s Florida real estate, even if unrelated to the property or even if a homestead property

Sale Price - $260,000 appr

Notes: Since the property was owner-occupied, we asked IndyMac if they would consider the HAFA program, which is beneficial to sellers who are doing short sales, as it grants a waiver of deficiency. IndyMac said they were not participating in the HAFA program. They referred their short sale processing to a company called Service Link. Service Link kindly reduced the agents’ commissions by 1% and placed a 1% “service fee” on the settlement statement to pay themselves. The file was approved with a small credit for buyer’s closing costs and waiver of deficiency.

Bank of America approved the short sale after initial numerous delays in “outreach” seeking participation in the HAFA program. The seller rejected HAFA twice by phone, as IndyMac would not participate. The file had to be re-initiated three times. Bank of America waived deficiency for $2700.

The third lien, the creditor judgment, released its lien for $1000.

Total time for this short sale approval? About 60 days.

If you are considering short sale to avoid foreclosure in Destin Florida, consult an attorney and an experienced Destin short sale agent. We can write your success story together.

It's Wendy!

Wendy Rulnick, Broker

Rulnick Realty, Inc.

itswendy@rulnickrealty.com

www.RulnickRealty.com

www.ShortSales-EmeraldCoast.com

1-850-650-7883