NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 302 Destin, FL 32541

Estimated Value: $439,882 - $474,000

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

Last Sold January 31, 2020

Last sale price $295,000 $275 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,131/month

125 Days on Market

Highlights

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

About This Home

As of January 2020

MAKEOVER ON THE GULF! Talking about a makeover this condo has been completely refurbished by a professional decorator in the last few weeks! All new furniture, paint, carpet, art, linens, & custom draperies it is a knock out coastal delight! Relax on the balcony while viewing the gulf, lake, & pool. This spacious two bedroom, two bath unit boasts an updated kitchen with pretty granite, neutral wood cabinets, & a breakfast bar with colorful new bar stools. The living area & the master bath have access to the balcony. The floors in the main area are all tile. Other features include a stackable washer & dryer, a pantry, & an owner's closet. Located in one of the most popular vacation complexes along the Emerald Coast, Pelican Beach is a guard-gated resort with amenities galore. Owners & guests at Terrace have unlimited use of all the amenities available within the Pelican Beach Resort including covered parking.

Last Agent to Sell the Property

Marie Babin

RE/MAX By the Sea License #3364088 Listed on: 08/16/2019

RE/MAX By the Sea

Last Buyer's Agent

Kendall Hood

Compass License #3291130

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,613

Year Built

  • Built in 1999

Lot Details

HOA Fees

  • $509 Monthly HOA Fees

Parking

  • Guest Parking

Property Views

Interior Spaces

  • 1,072 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Dining Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-0302

Community Details

Overview

  • Association fees include ground keeping, insurance, internet service, legal, licenses/permits, management, recreational faclty, security, sewer, water, cable TV, trash
  • Terrace At Pelican Beach Subdivision

Amenities

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

Recreation

  • Beach
  • Community Whirlpool Spa

Security

  • Gated Community
  • Building Fire Alarm
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,613

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: On 98 across from Big Kahuna's. Take first right after guard.
  • Architectural Style: N/A
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1999
  • 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
  • Waterview:Harbor2: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Self Cleaning, 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, Owner's Closet, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Stories: 16
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: 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, Harbor, Gulf
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Guest
  • Parking Features:Guest: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

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, Waterfront, Whirlpool
  • Association #2 Fee: 508.95
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Insurance, Internet Service, Legal, Licenses/Permits, Management, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2500-0000-0302
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Jan 31, 2020
Sold by
Bush John L
Bought by
Akin Dylan M
Seller's Agent
Marie Babin
RE/MAX By the Sea
Buyer's Agent
Kendall Hood
Compass
List Price
$295,000
Sold Price
$295,000
Current Estimated Value
$458,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,471
Avg. Annual Appreciation
8.06%
Original Mortgage
$301,785
Outstanding Balance
$267,716
Interest Rate
3.7%
Mortgage Type
VA
Estimated Equity
$190,755

Purchase Details

Closed on
Mar 15, 2004
Sold by
Hobbs Roger K and Hobbs Denise C
Bought by
Bush John I

Purchase Details

Closed on
May 31, 2000
Sold by
The Terrace At Pelican Beach Inc
Bought by
Hobbs Roger K and Hobbs Denise C
Source: Public Records

Range of Values:

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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
Akin Dylan M $295,000 Mcneese Title Llc
Bush John I $332,000 Touchstone Land Title Inc
Hobbs Roger K $232,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akin Dylan M $301,785
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2024 08/18/24 Off Market $295,000 -- --
01/31/2020 01/31/20 Sold $295,000 0.0% $275 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $295,000 -- $275 / 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 $2,613 $417,500 -- $417,500
2023 $2,613 $257,268 $0 $0
2022 $1,403 $249,775 $0 $0
2021 $2,539 $242,500 $0 $242,500
2020 $2,909 $232,500 $0 $232,500
2019 $2,753 $222,500 $0 $222,500
2018 $2,472 $192,500 $0 $0
2017 $2,437 $186,500 $0 $0
2016 $2,423 $186,500 $0 $0
2015 $2,372 $179,500 $0 $0
2014 $2,193 $164,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marie Babin

    Seller's Agent in 2020

    Marie Babin

    RE/MAX

    (850) 978-5057

    77 in this area

    248 Total Sales

    Marie Babin
    Section Image
  • Kendall Hood

    Buyer's Agent in 2020

    Kendall Hood

    Compass

    (850) 974-4556

    26 in this area

    159 Total Sales

    Kendall Hood
    Section Image
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About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 829453

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-0302

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 302, Destin, FL

This home is located at 970 Highway 98 E Unit 302, Destin, FL 32541 since 16 August 2019 and is currently estimated at $458,471, approximately $427 per square foot. This property was built in 1999. 970 Highway 98 E Unit 302 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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