NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 1107 Destin, FL 32541

Estimated Value: $679,000 - $729,000

3 Beds
3 Baths
1,400 Sq Ft
$583/mo HOA Fee

Last Sold May 01, 2017

Last sale price $345,000 $246 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $4,776/month

8 Days on Market

Highlights

  • Beach
  • Bay View
  • Main Floor Primary Bedroom
  • Destin Elementary School Rated A-
  • Newly Painted Property
  • Community Pool

About This Home

As of May 2017

EXCELLENT LOCATION AND ABSOLUTELY STUNNING VIEWS! This 11th floor 3 bedrm, 3 bath condo has a 40 ft wrap around balcony that has Eastern, Southern, and Westernly panoramic views of the Gulf, down the coastline, and Harbor Views. You can see the Sunrise AND the Sunset! The Living room, Master, and additional bedroom can all access the spacious balcony! The Terraces at Pelican Beach Resorts is a favorite for vacationers. Within walking distance to restaurants and area attractions in the heart of Destin and only a short walk to the beach!




Buyers to Verify measurements and sq ft of unit

Last Agent to Sell the Property

Karla Hoyle

30A Local Real Estate License #3340461 Listed on: 03/17/2017

Last Buyer's Agent

Karla Hoyle

Destin Luxury Real Estate and Rental

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,455

Year Built

  • Built in 1999 | Remodeled

Lot Details

  • 5

HOA Fees

  • $583 Monthly HOA Fees

Property Views

Home Design

  • Newly Painted Property

Interior Spaces

  • 1,400 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Parking

  • 1 Covered Space
  • Covered Parking

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-1107

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, management, recreational faclty, security, sewer, cable TV, trash
  • 98 Buildings
  • 98 Units
  • Terrace At Pelican Beach Subdivision
  • 16-Story Property

Amenities

  • Community Barbecue Grill
  • Recreation Room

Recreation

  • Beach

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,455

Year Built

Built in 1999 | Remodeled

Lot Details

0

HOA Fees

$583 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: TERRACE AT PELICAN BEACH
  • Directions: Across the street and just west of Big Kahunas Water Park on Hwy 98 E. Entrance is Pelican Beach Resort, The Terraces is on your immediate Rt
  • Architectural Style: N/A
  • New Construction: No
  • Building Stories: 16
  • Year Built: 1999
  • Utilities Electric: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterview:Harbor2: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Waterview:Bay2: Yes
  • Utilities:Community Water: Yes
  • Rooms:Balcony2: Yes
  • Waterview:Lake2: Yes
  • Special Features: None
  • Stories: 16

Interior Features

  • Number Of Buildings: 98
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Elevator, Newly Painted, Renovated
  • Stories: 16
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Elevator: Yes
  • Interior:Newly Painted: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Harbor, Gulf, Bay
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Parking Features: Covered
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Community Sewer, Community Water, Electric

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Exercise Room, Pets Allowed, Pool, TV Cable
  • Association #2 Fee: 583.12
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Management, Recreational Faclty, Security, Sewer, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2500-0000-1107
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 98

Tax Info

  • Tax Annual Amount: 3455.18
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2023
Sold by
Cary Stacy
Bought by
Trinity + 2 Trust
Current Estimated Value
$703,426

Purchase Details

Listed on
Mar 17, 2017
Closed on
May 1, 2017
Sold by
Kain Patrick Joseph
Bought by
Schwartz Laura Kain and The Kain Irrevocable Trust
Seller's Agent
Karla Hoyle
30A Local Real Estate
Buyer's Agent
Karla Hoyle
Destin Luxury Real Estate and Rental
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$293,250
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2015
Sold by
Kain Patrick and Kain Barbara
Bought by
Kain Irrevocable Trust and Schwartz Laura Kain

Purchase Details

Closed on
Apr 14, 2004
Sold by
Clarke George W and Clarke Rosemary T
Bought by
Kain Patrick and Kain Barbara

Purchase Details

Closed on
Jun 19, 2000
Sold by
Baker Harold D and Strom Priscilla J
Bought by
Clarke George W and Clarke Rosemary T
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
Trinity + 2 Trust -- --
Schwartz Laura Kain $345,000 Rodgers Kiefer Title
Kain Irrevocable Trust -- None Available
Kain Patrick $410,000 --
Clarke George W $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schwartz Laura Kain $293,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2019 06/23/19 Off Market $345,000 -- --
05/01/2017 05/01/17 Sold $345,000 0.0% $246 / Sq Ft
03/25/2017 03/25/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $345,000 -- $246 / 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 $5,564 $530,000 -- $530,000
2023 $5,564 $530,000 $0 $530,000
2022 $4,736 $415,000 $0 $415,000
2021 $4,222 $340,000 $0 $340,000
2020 $4,254 $340,000 $0 $340,000
2019 $4,248 $340,000 $0 $340,000
2018 $3,852 $300,000 $0 $0
2017 $3,476 $266,000 $0 $0
2016 $3,455 $266,000 $0 $0
2015 $3,405 $257,000 $0 $0
2014 $3,189 $238,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Karla Hoyle

    30A Local Real Estate

    (850) 460-1180

    1 in this area

    17 Total Sales

    Karla Hoyle
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About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 771396

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-1107

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 1107, Destin, FL

This home is located at 970 Highway 98 E Unit 1107, Destin, FL 32541 since 17 March 2017 and is currently estimated at $703,426, approximately $502 per square foot. This property was built in 1999. 970 Highway 98 E Unit 1107 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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