Local News Gulf-front home sells for $10.5 million July 06, 2007 By By Keri Holt It took Rebecca Nix, real estate agent for Exquisite Properties of Destin, just two weeks to find a buyer for a $10.5-million home she had listed in Destiny by the Sea. The home, known as the Grand Palmero, at 4772 Ocean Blvd., was put on the market in early June. After a brief period of marketing, including an open house, its new owner was spending his first night inside on June 20. Nix said she sees the quick sale as an encouraging sign to investors and buyers everywhere that now is the time to buy. Just this week, she received two offers on a $7-million house. ?This is very exciting, and it?s taking the market to a whole new level? she said. ?This proves there are buyers out there and they are willing to pay. We?ve bottomed out, and now we?re taking a positive turn. The market is on an upswing. It?s very exciting to see what the future holds.? Grand Palmero is a newly constructed, 9,000-square-foot, Gulf-front home situated on the largest lot available in Destiny by the Sea. Its former owner, a Tennessee-based investor, had stayed in the nine-bedroom, 11-bathroom home just twice. It was built by C.D. Jones, and was designed and furnished by Exquisite Interiors. ?You can tell that a lot of time had been put into it,? Nix said. ?This is a remarkable one-of-a-kind home with special features, which make it extremely comfortable as well as a true showplace.? The home?s new owner, an individual from Missouri who plans to use the purchase as a second home, was enticed after discovering the home was built by C.D. Jones. The buyer already owns a C.D. Jones home in Destiny by the Sea and for that reason knew Grand Palmero must be something special, Nix said. ?He knew how much detail C.D. Jones puts into homes, and so he approached him about buying it,? Nix said. The deal was completed in about one week ? and the buyer paid cash. ?He spent his first night in the house the day it closed. That?s how excited he was about it,? Nix said. The new owner?s other C.D. Jones home is now on the market. The sales price for the Grand Palmero was one of the highest ever recorded in the Destin area.