NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 1506 Destin, FL 32541

Estimated Value: $440,293 - $539,000

2 Beds
2 Baths
1,072 Sq Ft
$509/mo HOA Fee

Last Sold December 31, 2019

Last sale price $350,000 $326 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,500/month

42 Days on Market

Highlights

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

About This Home

As of December 2019

This is a great location on the 15th floor. With a few updates this could be a star for that the whole family could enjoy or make a great rental property. The Terrace shares a cross easement with Pelican Beach Resort that includes the use of all their amenities. The Pelican is putting in a new 114 foot zero entry pool that also includes a 12 seat spa directly on the beach. There is a free Tram ride in season back and forth to the beach. Call me for appointment.

Last Agent to Sell the Property

Cat Stevens

C&R Sun Properties LLC License #3265002 Listed on: 08/09/2019

Last Buyer's Agent

Cat Stevens

C&R Sun Properties LLC License #3265002 Listed on: 08/09/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,910

Year Built

  • Built in 1999

Lot Details

HOA Fees

  • $509 Monthly HOA Fees

Home Design

  • Concrete Siding

Interior Spaces

  • 1,072 Sq Ft Home
  • Furnished
  • Window Treatments
  • Dining Room

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Deeded access to the beach
  • Deck
  • Built-In Barbecue

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-22-2500-0000-1506

Community Details

Overview

  • Association fees include accounting, internet service, licenses/permits, recreational faclty, sewer, water, cable TV, trash
  • Terrace At Pelican Beach Subdivision
  • 16-Story Property

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

$2,910

Year Built

Built in 1999

Lot Details

0

HOA Fees

$509 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: TERRACE AT PELICAN BEACH
  • Directions: Across from Big Kahuna. Take first right after guard gate.
  • Architectural Style: N/A
  • New Construction: No
  • Year Built: 1999
  • Remarks Misc:Remarks: This is a great location on the 15th floor. With a few updates this could be a star for that the whole family could enjoy or make a great rental property. The Terrace shares a cross easement with Pelican Beach Resort that includes the use of all their amenities. The Pelican is putting in a new 114 foot zero entry pool that also includes a 12 seat spa directly on the beach. There is a free Tram ride in season back and forth to the beach. Call me for appointment.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, 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
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: 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
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: BBQ Pit/Grill, Deck Open, Hot Tub, Pool - Heated, Pool - In-Ground, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Deck Open: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Tennis Court: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Elevators, Exercise Room, Game Room, Gated Community, Pool, Sauna/Steam Room, Tennis, TV Cable
  • Association #2 Fee: 508.95
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Internet Service, 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-22-2500-0000-1506
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2910.32
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Dec 31, 2019
Sold by
Casey Martha Bird
Bought by
Daniel Alan R and Daniel Nadia
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
Cat Stevens
C&R Sun Properties LLC
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$490,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,977
Avg. Annual Appreciation
5.66%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Daniel Alan R $350,000 Mcgill Escrow & Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2019 12/31/19 Sold $350,000 0.0% $326 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $350,000 -- $326 / 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
2025 $5,107 $459,525 -- $459,525
2024 $4,696 $459,525 -- $459,525
2023 $4,696 $459,525 $0 $459,525
2022 $3,997 $361,200 $0 $361,200
2021 $3,457 $278,400 $0 $278,400
2020 $3,354 $268,050 $0 $268,050
2019 $3,214 $257,700 $0 $257,700
2018 $2,910 $226,650 $0 $0
2017 $2,881 $220,440 $0 $0
2016 $2,863 $220,440 $0 $0
2015 $2,824 $213,195 $0 $0
2014 $2,651 $197,670 $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

    49 in this area

    71 Total Sales

    Cat Stevens
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About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 828968

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-1506

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 1506, Destin, FL

Not Listed for Sale

Condos

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