NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 1005 Destin, FL 32541

Estimated Value: $447,521 - $597,000

2 Beds
2 Baths
1,072 Sq Ft
$508/mo HOA Fee

Last Sold December 11, 2019

Last sale price $320,000 $299 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,560/month

Highlights

  • Lake Front
  • Beach
  • Heated In Ground Pool
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Fishing

About This Home

As of December 2019

What a gorgeous view from this 10th floor unit at the Terrace. You will see why they call this one of the sweet spots in the building. The Terrace has just been painted on the exterior and all walkways are being redone. The Terrace shares a cross easement with Pelican Beach Resort and will benefit from the new 114 Ft. zero entry pool and 12 Seat Spa being put in on the front side of the beach. Completion date is tentatively scheduled for March of 2020. Free tram rides in season to Pelican but we also have a boardwalk that leads direct from the Terrace to the Beach. Amenities include, heated pool, spa, tennis courts, gym, game room, sauna, conference center , cafe and tiki bar.

Last Agent to Sell the Property

Cat Stevens

C&R Sun Properties LLC License #3265002 Listed on: 12/09/2019

Last Buyer's Agent

Cat Stevens

C&R Sun Properties LLC License #3265002 Listed on: 12/09/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,697

Year Built

  • Built in 1996

Lot Details

HOA Fees

  • $508 Monthly HOA Fees

Parking

  • Garage

Property Views

Home Design

  • Concrete Siding

Interior Spaces

  • 1,072 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Window Treatments
  • Living Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Deeded access to the beach
  • Balcony
  • Built-In Barbecue

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-1005

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, land recreation, licenses/permits, recreational faclty, sewer, water, cable TV, trash
  • Terrace At Pelican Beach Subdivision

Amenities

  • Community Barbecue Grill
  • Sauna
  • Recreation Room

Recreation

  • Beach
  • Fishing

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,697

Year Built

Built in 1996

Lot Details

0

HOA Fees

$508 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: TERRACE AT PELICAN BEACH
  • Directions: Across from Big Kahuna inside Pelican Beach Resort
  • Architectural Style: N/A
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1996
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Floor Tile, Floor WW Carpet, Furnished - All, Window Treatment All
  • Stories: 16
  • Appliances:StoveOven Electric: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Gulf
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - Heated, Pool - In-Ground
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Fishing, Gated Community, Pool, Sauna/Steam Room, Tennis
  • Association #2 Fee: 508.25
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Land Recreation, Licenses/Permits, Recreational Faclty, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-2500-0000-1005
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2696.53
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
2024 Us Five Llc
Bought by
Rioux Mark Brian
Current Estimated Value
$506,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,480
Outstanding Balance
$568,257
Interest Rate
6.61%
Mortgage Type
VA
Estimated Equity
-$61,877

Purchase Details

Listed on
Dec 9, 2019
Closed on
Dec 11, 2019
Sold by
Rossbach Woodrow W and Rossbach Carol Seu
Bought by
Us Five Llc
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
Cat Stevens
C&R Sun Properties LLC
List Price
$320,000
Sold Price
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rioux Mark Brian $560,000 Bright Light Land Title
Rioux Mark Brian $560,000 Bright Light Land Title
Us Five Llc $320,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rioux Mark Brian $578,480
Closed Rioux Mark Brian $578,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2019 12/11/19 Sold $320,000 0.0% $299 / Sq Ft
12/09/2019 12/09/19 For Sale $320,000 -- $299 / Sq Ft
11/24/2019 11/24/19 Pending -- -- --
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,418 $435,000 -- $435,000
2023 $4,418 $435,000 $0 $435,000
2022 $3,748 $340,000 $0 $340,000
2021 $3,229 $260,000 $0 $260,000
2020 $3,128 $250,000 $0 $250,000
2019 $2,986 $240,000 $0 $240,000
2018 $2,697 $210,000 $0 $0
2017 $2,666 $204,000 $0 $0
2016 $2,650 $204,000 $0 $0
2015 $2,610 $197,000 $0 $0
2014 $2,438 $182,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cat Stevens

    Seller's Agent in 2019

    Cat Stevens

    C&R Sun Properties LLC

    (850) 428-4707

    52 in this area

    73 Total Sales

    Cat Stevens
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About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 836535

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-1005

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 1005, Destin, FL

This home is located at 970 Highway 98 E Unit 1005, Destin, FL 32541 since 09 December 2019 and is currently estimated at $506,380, approximately $472 per square foot. This property was built in 1996. 970 Highway 98 E Unit 1005 is a home located in Okaloosa County with nearby schools including Destin Elementary School, Destin Middle School, and Fort Walton Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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