NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 1102 Destin, FL 32541

Estimated Value: $467,000 - $515,000

2 Beds
2 Baths
1,072 Sq Ft
$535/mo HOA Fee

Last Sold October 25, 2021

Last sale price $485,000 $452 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,549/month

49 Days on Market

Highlights

  • Lake Front
  • Beach
  • Heated Pool
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Gulf View

About This Home

As of October 2021

A rare collection of crisp coastal decor and endless vistas gift residents and guests of this spacious two bedroom condo, offering a rare blend of value and location at The Terrace at Pelican Beach. Providing access to the plentiful amenities of the Pelican Beach Resort, including gulf front pools, tennis courts, a tiki bar, fitness center and indoor pool, the coastal lifestyle is easily enhanced at this central Destin condominium. Quick access to top area dining and shopping adds convenience, while quality coastal decor provides a turn key property ready for enjoyment or income potential.

Updates to this 11th floor condo include, fresh paint, complete master bath remodel, granite countertops, relaxing white cabinetry and fresh stainless appliances, adding modern touches to this elevated beach retreat. Providing strong rental revenue and easy maintenance, this idyllic property is optimal for those in search of a perfect secondary or portfolio property.

Last Agent to Sell the Property

Heather Williams

Scenic Sotheby's International Realty License #3163464 Listed on: 08/06/2021

Scenic Sotheby's International Realty

Last Buyer's Agent

Nicholas Feldner

Emerald Coast Realty Pros Inc License #3509173

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,159

Year Built

  • Built in 1999

Lot Details

HOA Fees

  • $535 Monthly HOA Fees

Property Views

Home Design

  • Concrete Siding

Interior Spaces

  • 1,072 Sq Ft Home
  • Furnished
  • Window Treatments
  • Living Room
  • Tile Flooring

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • 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
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-1102

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Sauna
  • Game Room
  • Recreation Room
  • Elevator

Recreation

  • Beach

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,159

Year Built

Built in 1999

Lot Details

0

HOA Fees

$535 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: TERRACE AT PELICAN BEACH
  • Directions: Across from Big Kahuna Water Park
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1999
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Balcony2: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator W/IceMk, Smoke Detector, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Floor Tile, Furnished - All, Owner's Closet, Window Treatment All
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: 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: BBQ Pit/Grill, Pool - Heated
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Game Room, Gated Community, Pool, Sauna/Steam Room, Tennis, TV Cable
  • Association #2 Fee: 534.53
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, 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-22-2500-0000-1102
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3159.26
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Oct 25, 2021
Sold by
L Squared Holdings Llc
Bought by
Hyun Kyung Chan and Hwang Mia
Seller's Agent
Heather Williams
Scenic Sotheby's International Realty
Buyer's Agent
Nicholas Feldner
Emerald Coast Realty Pros Inc
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$492,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,455
Avg. Annual Appreciation
0.39%
Original Mortgage
$291,000
Outstanding Balance
$265,940
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$226,515

Purchase Details

Closed on
Feb 6, 2020
Sold by
Latham William I
Bought by
L Squared Holdings Llc

Purchase Details

Listed on
Nov 12, 2018
Closed on
Jan 11, 2019
Sold by
Ploue John Jay and Ploue Phyllis
Bought by
Latham William I
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
Heather Williams
Coldwell Banker Jme Realty
List Price
$307,500
Sold Price
$307,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
May 14, 2004
Sold by
Theus Sidney H and Theus Cynthia M
Bought by
Ploue John Jay and Ploue Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,400
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
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
Hyun Kyung Chan $485,000 Nautilus Title & Escrow
L Squared Holdings Llc $194,131 Attorney
Latham William I $307,500 Nautilus Title & Escrow
Ploue John Jay $395,500 Mcneese Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hyun Kyung Chan $291,000
Previous Owner Ploue John Jay $316,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2021 10/25/21 Sold $485,000 0.0% $452 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $485,000 +57.7% $452 / Sq Ft
01/14/2019 01/14/19 Sold $307,500 0.0% $287 / Sq Ft View Prior Sale
12/01/2018 12/01/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $307,500 -- $287 / Sq Ft
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 $4,833 $437,500 -- $437,500
2023 $4,833 $437,500 $0 $437,500
2022 $4,127 $342,500 $0 $342,500
2021 $3,260 $262,500 $0 $262,500
2020 $3,159 $252,500 $0 $252,500
2019 $3,019 $242,500 $0 $242,500
2018 $2,729 $212,500 $0 $0
2017 $2,699 $206,500 $0 $0
2016 $2,682 $206,500 $0 $0
2015 $2,643 $199,500 $0 $0
2014 $2,473 $184,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Heather Williams

    Scenic Sotheby's International Realty

    (850) 502-0383

    12 in this area

    56 Total Sales

    Heather Williams
    Section Image

  • N

    Buyer's Agent in 2021

    Nicholas Feldner

    Emerald Coast Realty Pros Inc

    Section Image
  • 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
    Section Image
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About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 878855

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-1102

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 1102, Destin, FL

This home is located at 970 Highway 98 E Unit 1102, Destin, FL 32541 since 06 August 2021 and is currently estimated at $492,455, approximately $459 per square foot. This property was built in 1999. 970 Highway 98 E Unit 1102 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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