NOT LISTED FOR SALE

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

Destin Area

Estimated Value: $434,899 - $535,000

2 Beds
2 Baths
1,072 Sq Ft
5 Acre Lot

Sale Details

Date Sold: December 31, 2019

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

Est. 43% increase in value since last sale

Current estimated payment $3,651 / mo

42 Days on Market

Highlights

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

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
  • Primary Bedroom Suite
  • 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
  • Meeting Room
  • Elevator

Recreation

  • Beach
  • Exercise Course

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,910

Year Built

Built in 1999

Lot Details

5 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Dec 31, 2019
Sold by
Bought by
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
$499,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,975
Avg. Annual Appreciation
5.59%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 Mcgill Escrow & Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    62 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

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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