Seller's Agent in 2025
Shay Dassa
RE/MAX
(850) 267-0720
20 in this area
64 Total Sales
The Terrace at Pelican Beach 970 Highway 98 E Unit 1006 Destin, FL 32541
Estimated Value: $328,000 - $378,000
2
Beds
2
Baths
1,072
Sq Ft
$1,053/ mo
HOA Fee
Highlights
- Deeded access to the beach
- Fitness Center
- Primary Bedroom Suite
- Destin Elementary School Rated A-
- Gulf View
- Main Floor Primary Bedroom
About This Home
As of August 2025This 10th floor Terrace condo offers unparalleled views of the Destin Sunsets. The W/D is 2 years old, and dishwasher is 1 year old. You have a direct access to the beach. There is an exercise room and pool on site, but you also have access to all the Pelican Beach Resort amenities, including Pickle Ball, Sauna and Steam room, an electric car charger with an onsite tiki bar and cafe, which you rarely find in a condo complex Condo includes undercover parking # 24 and this complex is close to so many activities and restaurants. With judicial use this condo should produce around $45-50,000 annually. There is 24-hour security on the premises. Quote from rental manager: I think with the right updates I could get $40k-50k.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,418
Year Built
- Built in 1999
HOA Fees
- $1,053 Monthly HOA Fees
Property Views
Home Design
- Concrete Siding
- Piling Construction
Interior Spaces
- 1,072 Sq Ft Home
- Furnished
- Ceiling Fan
- Track Lighting
- Window Treatments
- Living Room
- Tile Flooring
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Parking
- Covered Parking
- Deeded Parking
Outdoor Features
- Deeded access to the beach
- Lock
- Balcony
Schools
- Destin Elementary And Middle School
- Destin High School
Utilities
- Central Air
- Electric Water Heater
- Community Sewer or Septic
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-2500-0000-1006
Community Details
Overview
- Association fees include accounting, advertising, ground keeping, insurance, management, master, recreational faclty, sewer, water, cable TV, trash
- Terrace At Pelican Beach Subdivision
- 16-Story Property
Amenities
- Community Barbecue Grill
- Game Room
Recreation
- Exercise Course
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2025
Closed on
Aug 26, 2025
Sold by
Sweeney Margaret Lynn Lober
Bought by
Nezhati Bardia and Raccosta Giovanna
Seller's Agent
Shay Dassa
Re/Max Beaches
Buyer's Agent
Cat Stevens
Cat Stevens
List Price
$560,000
Sold Price
$337,500
Premium/Discount to List
-$222,500
-39.73%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,050
Avg. Annual Appreciation
10.46%
Purchase Details
Closed on
Jul 11, 2017
Sold by
Lober Claire F and Lober James M
Bought by
Sweeney Margaret Lynn Lober
Purchase Details
Closed on
Dec 30, 2014
Sold by
Glennie Neil and Begalieva Maia
Bought by
The Margaret Lynn Lober 1963 Trust
Purchase Details
Closed on
Nov 30, 2005
Sold by
Klingele Michael J
Bought by
Glennie Neil and Begalieva Maia
Purchase Details
Closed on
May 28, 2003
Sold by
Rossbach Woodrow W and Rossbach Carol S
Bought by
Klingele Michael J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nezhati Bardia | $337,500 | Mcgill Escrow & Title | |
| Sweeney Margaret Lynn Lober | -- | Attorney | |
| The Margaret Lynn Lober 1963 Trust | $247,500 | Emerald Coast Title Svcs Llc | |
| Glennie Neil | $445,000 | Pinnacle Title Group Llc | |
| Klingele Michael J | $282,500 | Pinnacle Title Group Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Klingele Michael J | $226,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $337,500 | -3.6% | $315 / Sq Ft |
| 08/18/2025 08/18/25 | Pending | -- | -- | -- |
| 08/11/2025 08/11/25 | Price Changed | $350,000 | -6.7% | $326 / Sq Ft |
| 07/31/2025 07/31/25 | Price Changed | $375,000 | -3.8% | $350 / Sq Ft |
| 07/23/2025 07/23/25 | Price Changed | $390,000 | -2.5% | $364 / Sq Ft |
| 05/07/2025 05/07/25 | Price Changed | $400,000 | -6.8% | $373 / Sq Ft |
| 03/01/2025 03/01/25 | Price Changed | $429,000 | -4.7% | $400 / Sq Ft |
| 12/06/2024 12/06/24 | Price Changed | $450,000 | +2.3% | $420 / Sq Ft |
| 12/05/2024 12/05/24 | Price Changed | $440,000 | -10.2% | $410 / Sq Ft |
| 10/05/2024 10/05/24 | Price Changed | $490,000 | -7.5% | $457 / Sq Ft |
| 05/06/2024 05/06/24 | Price Changed | $530,000 | -5.4% | $494 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $560,000 | -- | $522 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $4,801 | $435,000 | -- | $435,000 |
| 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
-
Shay Dassa
-
Jay Davis
Seller Co-Listing Agent in 2025
Jay Davis
RE/MAX
(850) 832-1569
15 in this area
48 Total Sales
-
Cat Stevens
Buyer's Agent in 2025
Cat Stevens
Cat Stevens
(850) 428-4707
48 in this area
67 Total Sales
About The Terrace at Pelican Beach
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 949166
APN: 00-2S-22-2500-0000-1006
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.
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