The Terrace at Pelican Beach 970 Highway 98 E Unit 406 Destin, FL 32541
Estimated payment $3,393/month
Highlights
- Gated Community
- Sauna
- Tennis Courts
- Destin Elementary School Rated A-
- Community Pool
- Game Room
About This Home
The Terrace is located in the heart of Destin across the street from Big Kahunas Water Park. This unit is situated on the 4th floor with great pool views and lake views with a few ocean views as well. You have a board walk access of about 3 to 5 minutes to the beautiful white sandy beaches and ocean, loads of amenities to include 4 pools, tennis courts, sauna, 2 hot tubs, exercise room, tiki bar, grills for your cookouts. The unit has new granite counter tops, freshly painted, HVAC is only 6 years old, unit also comes with 5 months of Home warranty left.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,218
Year Built
- Built in 1999
HOA Fees
- $1,053 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Concrete Siding
Interior Spaces
- 1,072 Sq Ft Home
- Ceiling Fan
- Window Treatments
- Living Room
Kitchen
- Walk-In Pantry
- Electric Oven or Range
- Self-Cleaning Oven
- Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- En-Suite Primary Bedroom
- Dressing Area
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Schools
- Destin Elementary And 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-22-2500-0000-0406
Community Details
Overview
- Association fees include ground keeping, internet service, security, sewer, water, cable TV, trash
- 78 Buildings
- 78 Units
- Terrace At Pelican Beach Subdivision
- 16-Story Property
Amenities
- Community Barbecue Grill
- Picnic Area
- Sauna
- Game Room
- Elevator
Recreation
Security
- Gated Community
- Fire and Smoke Detector
Map
About The Terrace at Pelican Beach
Home Values in the Area
Average Home Value in this Area
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 | $4,218 | $420,000 | -- | $420,000 |
| 2023 | $4,218 | $420,000 | $0 | $420,000 |
| 2022 | $3,557 | $325,000 | $0 | $325,000 |
| 2021 | $3,042 | $245,000 | $0 | $245,000 |
| 2020 | $2,940 | $235,000 | $0 | $235,000 |
| 2019 | $2,786 | $225,000 | $0 | $225,000 |
| 2018 | $2,504 | $195,000 | $0 | $0 |
| 2017 | $2,470 | $189,000 | $0 | $0 |
| 2016 | $2,455 | $189,000 | $0 | $0 |
| 2015 | $2,408 | $182,000 | $0 | $0 |
| 2014 | $2,228 | $167,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Price Changed | $375,000 | -6.2% | $350 / Sq Ft |
| 08/05/2025 08/05/25 | Price Changed | $399,900 | -5.9% | $373 / Sq Ft |
| 05/05/2025 05/05/25 | Price Changed | $425,000 | -5.6% | $396 / Sq Ft |
| 11/23/2024 11/23/24 | Price Changed | $450,000 | -5.3% | $420 / Sq Ft |
| 09/12/2024 09/12/24 | Price Changed | $475,000 | -5.0% | $443 / Sq Ft |
| 05/28/2024 05/28/24 | For Sale | $499,900 | -- | $466 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $305,000 | None Available | |
| Warranty Deed | $305,000 | None Listed On Document | |
| Special Warranty Deed | $185,000 | Landsafe Title | |
| Special Warranty Deed | $401,000 | Attorney | |
| Warranty Deed | $483,600 | Mcneese Title Llc | |
| Warranty Deed | $399,900 | Southern Escrow & Title Llc | |
| Warranty Deed | $247,900 | Southern Escrow & Title Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $219,600 | Commercial | |
| Previous Owner | $386,400 | Negative Amortization | |
| Previous Owner | $405,000 | Purchase Money Mortgage | |
| Previous Owner | $167,900 | Purchase Money Mortgage |
Source: Emerald Coast Association of REALTORS®
MLS Number: 950849
APN: 00-2S-22-2500-0000-0406
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