NOT LISTED FOR SALE

Estimated Value: $559,728

3 Beds
2 Baths
1,240 Sq Ft
5 Acre Lot

Sale Details

Date Sold: November 8, 2022

Last sale price $625,000 $504 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $4,368 / mo

29 Days on Market

Highlights

  • Lake Front
  • Deeded access to the beach
  • Spa
  • Destin Elementary School Rated A-
  • Fitness Center
  • Primary Bedroom Suite

About This Home

As of November 2022

Fabulous renovated unit! Wait until you see the detail & thought that was put into this luxurious 3/2, 1240 sq. ft. condo. Unbelievable views of the gulf & sunsets that are a symphony of colors will mark the beginning & end to a fun-filled day at the Terrace. Kitchen has upscale granite, stainless appliances including washer & dryer. Bathrooms beautifully renovated including a large stand up shower in master with glass doors & a new tub w/tile surround hall bath w/contemporary new vanity & handsome shiplap detail master bedroom.New white storage bed 3rd BR. allows room for 3.Check out the slot machine! Make sure to note new fans & lighting.The thoughtful decor in this unit is outstanding & turnkey ready! AC 2yrs. Home Warranty inc. 86,633.08 Gross 2022. See spreadsheets in document New 65 in HD TV and electric fireplace in sideboard under TV. There are so many unique upgrades in this unit that you need to see it in person to appreciate all the effort that was put into this outstanding condo! I can provide a printout of the income. This is one of the highest grossing units in the Terrace. Sunsets from this private 25 foot balcony will not disappoint. You won't want to leave it! The views are outstanding. Let your clients see for themselves! Please provide prequal letter with a local lender only.

Last Agent to Sell the Property

Cat Stevens

C&R Sun Properties LLC License #3265002 Listed on: 09/05/2022

Last Buyer's Agent

Mindy Wright

Epique Realty Inc License #3345605

Epique Realty Inc

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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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,788

Year Built

  • Built in 1999 | Remodeled

Lot Details

HOA Fees

  • $729 Monthly HOA Fees

Home Design

  • Concrete Siding

Interior Spaces

  • 1,240 Sq Ft Home
  • Furnished
  • Window Treatments
  • Living Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deeded access to the beach
  • Balcony
  • 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-22-2500-0000-0404

Community Details

Overview

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

Amenities

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

Recreation

  • Exercise Course

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,788

Year Built

Built in 1999 | Remodeled

Lot Details

5 Acres

HOA Fees

$729 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: TERRACE AT PELICAN BEACH
  • Directions: Inside Pelican Beach Resort near Big Kahuna Water Park
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1999
  • Remarks Misc:Remarks: Fabulous renovated unit! Wait until you see the detail & thought that was put into this luxurious 3/2, 1240 sq. ft. condo. Unbelievable views of the gulf & sunsets that are a symphony of colors will mark the beginning & end to a fun-filled day at the Terrace. Kitchen has upscale granite, stainless appliances including washer & dryer. Bathrooms beautifully renovated including a large stand up shower in master with glass doors & a new tub w/tile surround hall bath w/contemporary new vanity & handsome shiplap detail master bedroom.New white storage bed 3rd BR. allows room for 3.Check out the slot machine! Make sure to note new fans & lighting.The thoughtful decor in this unit is outstanding & turnkey ready! AC 2yrs. Home Warranty inc. 86,633.08 Gross 2022. See spreadsheets in document
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Floor Tile, Floor Vinyl, Furnished - All, Owner's Closet, Pantry, Renovated, Window Treatment All
  • Stories: 16
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Floor Vinyl: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Balcony, BBQ Pit/Grill, Hot Tub
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Game Room, Gated Community, Pool, Sauna/Steam Room, Tennis, TV Cable
  • Association #2 Fee: 729.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Land Recreation, Licenses/Permits, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2500-0000-0404
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3787.56
  • Tax Year: 2021

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
Sep 5, 2022
Closed on
Nov 8, 2022
Sold by
Carr Donald Gilbert and Carr Theresa Lynn
Bought by
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
Mindy Wright
Epique Realty Inc
List Price
$645,900
Sold Price
$625,000
Premium/Discount to List
-$20,900
-3.24%
Current Estimated Value
$559,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,272
Avg. Annual Appreciation
-2.81%
Original Mortgage
$500,000
Outstanding Balance
$474,951
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$84,777

Purchase Details

Listed on
Jun 27, 2021
Closed on
Jul 23, 2021
Sold by
Koehler George W and Koehler Rhonda K
Bought by
Carr Donald Gilbert and Swift Carr Theresa
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
Cat Stevens
C&R Sun Properties LLC
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.99%
Original Mortgage
$440,000
Interest Rate
2.96%
Mortgage Type
VA

Purchase Details

Listed on
Apr 13, 2016
Closed on
Nov 10, 2016
Sold by
Alberson Amy Patterson
Bought by
Koehler George W and Koehler Rhonda K
Seller's Agent
Cat Stevens
C&R Sun Properties LLC
Buyer's Agent
Test Test
ECN - Unknown Office
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$220,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 11, 2012
Sold by
Gardner Louise Patterson
Bought by
Patterson Patricia Toye and Patricia B Patterson Family Trust

Purchase Details

Closed on
Dec 6, 2012
Sold by
Brown Margaret Brooks
Bought by
Alberson Amy Patterson and Patricia B Patterson Family Trust

Purchase Details

Closed on
Sep 22, 2003
Sold by
Darnell Frances
Bought by
Darnell Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2001
Sold by
Darnell Robert K and Darnell Sondra Nicolle
Bought by
Darnell Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.11%

Purchase Details

Closed on
Mar 31, 2000
Sold by
The Terrace At Pelican Inc
Bought by
Darnell Robert K and Darnell Sondra Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.05%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Destin, FL

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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
$625,000 South Oak Title
Carr Donald Gilbert $440,000 Vintage Title & Escrow Inc
Koehler George W $275,000 Attorney
Patterson Patricia Toye -- None Available
Alberson Amy Patterson -- None Available
Darnell Robert K $362,000 American Land Title Inc
Darnell Frances $311,000 --
Darnell Robert K $255,500 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $500,000
Previous Owner Carr Donald Gilbert $440,000
Previous Owner Koehler George W $220,000
Previous Owner Darnell Robert K $322,700
Previous Owner Darnell Frances $275,000
Previous Owner Darnell Robert K $190,000
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 Prior Sale
11/08/2022 11/08/22 Sold $625,000 -3.2% $504 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
09/05/2022 09/05/22 For Sale $645,900 +46.8% $521 / Sq Ft
07/23/2021 07/23/21 Sold $440,000 0.0% $355 / Sq Ft View Prior Sale
06/27/2021 06/27/21 For Sale $440,000 +60.0% $355 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
11/10/2016 11/10/16 Sold $275,000 0.0% $222 / Sq Ft View Prior Sale
10/03/2016 10/03/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $275,000 -- $222 / 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 $5,744 $485,000 $485,000
2024 $6,033 $505,000 $505,000
2023 $6,033 $505,000 $0 $505,000
2022 $4,218 $350,000 $0 $350,000
2021 $3,788 $305,000 $0 $305,000
2020 $3,583 $295,000 $0 $295,000
2019 $3,470 $295,000 $0 $295,000
2018 $2,953 $230,000 $0 $0
2017 $2,888 $221,000 $0 $0
2016 $2,871 $221,000 $0 $0
2015 $2,821 $213,000 $0 $0
2014 $2,614 $196,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 907481

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-0404

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