Seller's Agent in 2024
Dustin Cornwell
Dream Destin Realty PLLC
(850) 533-7033
49 in this area
66 Total Sales
The Terrace at Pelican Beach 970 Highway 98 E Unit 307 Destin, FL 32541
Estimated Value: $589,047
3
Beds
2.5
Baths
1,400
Sq Ft
5
Acres Lot
Highlights
- Waterfront Community
- Deeded access to the beach
- Fishing
- Destin Elementary School Rated A-
- Fitness Center
- Gulf View
About This Home
As of January 2024Similar units doing nearly $70,000 in rental income for 2022! Nestled in the heart of Destin on the coveted Highway 98, Unit 307 promises a blend of luxury and coastal charm. As you step inside, be greeted by a modern interior that seamlessly combines comfort and style, from updated appliances to elegant granite countertops. The spacious open floor plan invites you to relax and soak in the breathtaking Gulf views right from your private balcony. Beyond the walls of this sanctuary, a world of top-tier amenities awaits, from a state-of-the-art fitness center to a shimmering pool that beckons on sun-drenched days. Whether you're seeking a tranquil retreat, a vibrant hub for entertaining, or a savvy investment in Destin's bustling property market, this condo is a gem waiting to be discovered. Dive into the best of coastal living and make Unit 307 your next home or getaway.
Last Agent to Sell the Property
Dream Destin Realty PLLC License #3470752 Listed on: 10/06/2023
Last Buyer's Agent
Lawson Craft
Anchor Realty Florida
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,431
Year Built
- Built in 1999
Lot Details
- 5
HOA Fees
- $1,035 Monthly HOA Fees
Property Views
Home Design
- Concrete Siding
Interior Spaces
- 1,400 Sq Ft Home
- Furnished
- Woodwork
- Ceiling Fan
- Double Pane Windows
- Window Treatments
- Insulated Doors
- Dining Room
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Electric Oven or Range
- Self-Cleaning Oven
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Painted or Stained Flooring
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- Dressing Area
Laundry
- Dryer
- Washer
Home Security
Eco-Friendly Details
- Energy-Efficient Doors
Outdoor Features
- Deeded access to the beach
- Lock
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-22-2500-0000-0307
Community Details
Overview
- Association fees include accounting, ground keeping, insurance, licenses/permits, management, recreational faclty, repairs/maintenance, security, sewer, supplies, water, cable TV
- 108 Buildings
- 108 Units
- Terrace At Pelican Beach Subdivision
- 16-Story Property
Amenities
- Community Barbecue Grill
- Sauna
- Game Room
- Meeting Room
- Elevator
Recreation
- Exercise Course
- Community Whirlpool Spa
- Fishing
Security
- Building Fire Alarm
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2023
Closed on
Jan 30, 2024
Sold by
Michael Rays Llc
Bought by
Palermo Sherri and Palermo Jason
Seller's Agent
Dustin Cornwell
Dream Destin Realty PLLC
Buyer's Agent
Lawson Craft
Anchor Realty Florida
List Price
$650,000
Sold Price
$610,000
Premium/Discount to List
-$40,000
-6.15%
Views
194
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,953
Avg. Annual Appreciation
-1.56%
Original Mortgage
$420,000
Outstanding Balance
$412,316
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$176,731
Purchase Details
Closed on
Feb 4, 2022
Sold by
Tribuch Kenneth H and Tribuch Rita B
Bought by
Michael Rays Llc
Purchase Details
Closed on
Feb 24, 2011
Sold by
Regions Bank
Bought by
Tribuch Kenneth H and Tribuch Rita B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Palermo Sherri | $610,000 | Emerald Coast Title Services | |
| Palermo Sherri | $610,000 | Emerald Coast Title Services | |
| Michael Rays Llc | $560,000 | Emerald Coast Title Services | |
| Tribuch Kenneth H | $200,000 | Mcgill Escrow & Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Palermo Sherri | $420,000 | |
| Closed | Palermo Sherri | $420,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2024 01/30/24 | Sold | $610,000 | -6.0% | $436 / Sq Ft |
| 01/02/2024 01/02/24 | Pending | -- | -- | -- |
| 12/01/2023 12/01/23 | Price Changed | $649,000 | -0.2% | $464 / Sq Ft |
| 10/06/2023 10/06/23 | For Sale | $650,000 | -- | $464 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
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 | $5,993 | $506,000 | -- | $506,000 |
| 2024 | $6,045 | $506,000 | -- | $506,000 |
| 2023 | $6,045 | $506,000 | $0 | $506,000 |
| 2022 | $4,431 | $391,000 | $0 | $391,000 |
| 2021 | $3,924 | $316,000 | $0 | $316,000 |
| 2020 | $3,954 | $316,000 | $0 | $316,000 |
| 2019 | $3,858 | $316,000 | $0 | $316,000 |
| 2018 | $3,481 | $276,000 | $0 | $0 |
| 2017 | $3,163 | $242,000 | $0 | $0 |
| 2016 | $3,143 | $242,000 | $0 | $0 |
| 2015 | $3,083 | $233,000 | $0 | $0 |
| 2014 | $2,853 | $214,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Dustin Cornwell
-
L
Buyer's Agent in 2024
Lawson Craft
Anchor Realty Florida
About The Terrace at Pelican Beach
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 933950
APN: 00-2S-22-2500-0000-0307
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.
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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