NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 206 Destin, FL 32541

Estimated Value: $431,000 - $460,000

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

Last Sold April 26, 2021

Last sale price $335,000 $312 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,061/month

2 Days on Market

Highlights

  • Beach
  • Heated Pool
  • Gulf View
  • Destin Elementary School Rated A-
  • Fishing
  • Gated Community

About This Home

As of April 2021

Location is like being on the 3rd floor since there is a garage under the building. Enjoy awesome views from the large balcony. Only a 3 minute walk to the beach or you can ride the tram in season. Amenities include tennis courts, sauna, steam room, gym, heated pools, hot tub, kiddie pool, cafe, tiki bar and the most convenient location in all of Destin.

Last Agent to Sell the Property

John Paulsen

Crye-Leike Coastal Realty Brokerage Email: william.britton@crye-leike.com License #3058487 Listed on: 03/09/2021

Crye-Leike Coastal Realty

Last Buyer's Agent

Sean Louviere

Coldwell Banker Realty License #3462814

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,877

Year Built

  • Built in 1999

Lot Details

  • 5

HOA Fees

  • $509 Monthly HOA Fees

Property Views

Home Design

  • Concrete Siding

Interior Spaces

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

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Garden Bath

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated Pool
  • Balcony
  • Built-In Barbecue

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-0206

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Recreation Room
  • Elevator

Recreation

  • Beach
  • Fishing

Security

  • Gated Community
  • Building Fire Alarm
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,877

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: Enter the Pelican Beach Resort and the Terrace is on your right. Located across the street from Big Kahuna's.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1999
  • Attribution Contact: william.britton@crye-leike.com
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Balcony2: Yes
  • Waterview:Lake2: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 98
  • Appliances: Dishwasher, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Floor Tile, Floor Vinyl, Furnished - All, Owner's Closet, Window Treatment All
  • Stories: 16
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Floor Vinyl: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Gulf
  • Construction Type: Concrete
  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - Heated, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Tennis Court: Yes

Garage/Parking

  • General Property Info:Garage2: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Fishing, Gated Community, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 508.94
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

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

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2500-0000-0206
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 98

Tax Info

  • Tax Annual Amount: 2877.09
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 26, 2021
Sold by
Adams John W and Adams John W
Bought by
Collins Adam R
Seller's Agent
John Paulsen
Crye-Leike Coastal Realty
Buyer's Agent
Sean Louviere
Coldwell Banker Realty
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$437,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,281
Avg. Annual Appreciation
7.07%
Original Mortgage
$342,705
Outstanding Balance
$313,856
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$135,243

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jan 14, 2016
Sold by
Hoang Ha Duc and Nguyen Tuyet Thi
Bought by
Adams John W and Adams John W
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
John Paulsen
Crye-Leike Coastal Realty
List Price
$229,000
Sold Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%

Purchase Details

Listed on
Jan 14, 2012
Closed on
May 31, 2012
Sold by
Brown Steve B
Bought by
Brown Lisa W and Culpepper Amy W
Seller's Agent
Patrick Wilson
Mainsail Realty Company
Buyer's Agent
Jay Agnew
Re/Max Beaches
List Price
$177,000
Sold Price
$177,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%

Purchase Details

Listed on
Jan 14, 2012
Closed on
May 30, 2012
Sold by
Brown Lisa W and Culpepper Amy W
Bought by
Hoang Ha Duc and Nguyen Tuyet Thi
Seller's Agent
Patrick Wilson
Mainsail Realty Company
Buyer's Agent
Jay Agnew
Re/Max Beaches
List Price
$177,000
Sold Price
$177,000

Purchase Details

Closed on
Aug 26, 2011
Sold by
Brown Lisa W
Bought by
Culpepper Amy W and Brown Lisa W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2006
Sold by
Brown Steve
Bought by
Brown Lisa W

Purchase Details

Closed on
Mar 4, 2002
Sold by
The Terrace At Pelican Inc
Bought by
Brown Steve B and Brown Lisa W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.95%
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
Collins Adam R $335,000 Sunbelt Title Agency
Adams John W $229,000 Mcneese Title Llc
Brown Lisa W $2,642 Attorney
Hoang Ha Duc -- Attorney
Haong Ha Duc $177,000 Attorney
Culpepper Amy W $82,500 None Available
Brown Lisa W $28,600 None Available
Brown Steve B $209,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Adam R $342,705
Previous Owner Culpepper Amy W $65,000
Previous Owner Brown Steve B $226,578
Previous Owner Brown Steve B $164,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $335,000 0.0% $313 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $335,000 +46.3% $313 / Sq Ft
06/23/2019 06/23/19 Off Market $229,000 -- --
01/14/2016 01/14/16 Sold $229,000 0.0% $214 / Sq Ft
12/12/2015 12/12/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $229,000 +29.4% $214 / Sq Ft
05/31/2012 05/31/12 Sold $177,000 0.0% $165 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
01/14/2012 01/14/12 For Sale $177,000 -- $165 / 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 $1,896 $339,488 -- --
2023 $1,896 $329,600 $0 $0
2022 $3,393 $320,000 $0 $320,000
2021 $2,980 $240,000 $0 $240,000
2020 $2,877 $230,000 $0 $230,000
2019 $2,719 $220,000 $0 $220,000
2018 $2,440 $190,000 $0 $0
2017 $2,405 $184,000 $0 $0
2016 $2,390 $184,000 $0 $0
2015 $2,336 $177,000 $0 $0
2014 $2,158 $162,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Paulsen

    Seller's Agent in 2021

    John Paulsen

    Crye-Leike Coastal Realty

    (850) 496-3637

    5 in this area

    65 Total Sales

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  • S

    Buyer's Agent in 2021

    Sean Louviere

    Coldwell Banker Realty

  • Cat Stevens

    Seller's Agent in 2016

    Cat Stevens

    C&R Sun Properties LLC

    (850) 428-4707

    52 in this area

    76 Total Sales

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  • P

    Seller's Agent in 2012

    Patrick Wilson

    Mainsail Realty Company

    (850) 217-8414

    18 in this area

    29 Total Sales

    Section Image
  • Jay Agnew

    Buyer's Agent in 2012

    Jay Agnew

    RE/MAX

    (800) 605-4810

    13 in this area

    69 Total Sales

    Section Image
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About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 866398

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-0206

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 206, Destin, FL

This home is located at 970 Highway 98 E Unit 206, Destin, FL 32541 since 09 March 2021 and is currently estimated at $449,099, approximately $418 per square foot. This property was built in 1999. 970 Highway 98 E Unit 206 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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