NOT LISTED FOR SALE

The Terrace at Pelican Beach 970 Highway 98 E Unit 606 Destin, FL 32541

Destin Area

Estimated Value: $440,632

2 Beds
2 Baths
1,072 Sq Ft
5 Acre Lot

Sale Details

Date Sold: December 18, 2023

Last sale price $500,000 $466 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,700 / mo

49 Days on Market

Highlights

  • Lake Front
  • Beach
  • Fitness Center
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • In Ground Pool

About This Home

As of December 2023

The Terrace at Pelican Beach Resort located right in the heart of Destin, across from Destin's most popular waterpark. This unit, perfectly located in building overlooking beautiful views along the Emerald Coast beachside. Spectacular view of Gulf of Mexico, lake and pool. The Terrace has its own pool, hot tub and workout, deeded access to beach, 3 pools on Pelican Resort property, one heated for cool months, Sauna/steam room, bbq grills, fittness rooms, tennis, and community room. Master bedroom overlooks lake and Gulf of Mexico with floor to ceiling windows. Must see unit

Last Agent to Sell the Property

John Moran

Keller Williams Realty Destin Listed on: 08/31/2023

Keller Williams Realty Destin

Last Buyer's Agent

Silvia Madriaga

The Premier Property Group License #671445

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,621

Year Built

  • Built in 1999

Lot Details

HOA Fees

  • $793 Monthly HOA Fees

Property Views

Interior Spaces

  • 1,072 Sq Ft Home
  • Partially Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Living Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Dressing Area
  • 2 Full Bathrooms
  • Hollywood Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Balcony
  • Built-In Barbecue

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-0606

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, licenses/permits, management, master, security, water, cable TV, trash
  • 95 Buildings
  • 95 Units
  • Terrace At Pelican Beach Subdivision
  • 15-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Game Room
  • Meeting Room
  • Laundry Facilities
  • Elevator

Recreation

  • Beach
  • Exercise Course
  • Community Whirlpool Spa
  • Fishing

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,621

Year Built

Built in 1999

Lot Details

5 Acres

HOA Fees

$793 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: TERRACE AT PELICAN BEACH
  • Directions: Hwy 98 East Destin, Terrace at Pelican Resort past intersectio of 98 and Gulf Shore Drive. Terrace on the right.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1999
  • Remarks Misc:Remarks: The Terrace at Pelican Beach Resort located right in the heart of Destin, across from Destin's most popular waterpark. This unit, perfectly located in building overlooking beautiful views along the Emerald Coast beachside. Spectacular view of Gulf of Mexico, lake and pool. The Terrace has its own pool, hot tub and workout, deeded access to beach, 3 pools on Pelican Resort property, one heated for cool months, Sauna/steam room, bbq grills, fittness rooms, tennis, and community room. Master bedroom overlooks lake and Gulf of Mexico with floor to ceiling windows. Must see unit
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Bay2: Yes
  • Energy:Ceiling Fans: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 95
  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Range Hood, Refrigerator W/IceMk, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Elevator, Furnished - Some, Lighting Recessed, Owner's Closet, Pantry
  • Stories: 15
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Freezer: Yes
  • Interior:Lighting Recessed: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Mstr BdrmMstr Bath:MBath Hollywood: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Gulf, Bay
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - In-Ground
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Fishing, Game Room, Gated Community, Laundry, Picnic Area, Pool, Sauna/Steam Room, Tennis, TV Cable, Whirlpool
  • Association #2 Fee: 793.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Licenses/Permits, Management, Master Association, Security, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-2500-0000-0606
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 95

Tax Info

  • Tax Annual Amount: 3620.85
  • Tax Year: 2022

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
Aug 31, 2023
Closed on
Dec 18, 2023
Sold by
Lee Shao L and Zhao Mei G
Bought by
Seller's Agent
John Moran
Keller Williams Realty Destin
Buyer's Agent
Silvia Madriaga
The Premier Property Group
List Price
$535,000
Sold Price
$500,000
Premium/Discount to List
-$35,000
-6.54%
Views
38
Current Estimated Value
$440,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,368
Avg. Annual Appreciation
-4.49%
Original Mortgage
$300,000
Outstanding Balance
$292,772
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$147,860

Purchase Details

Listed on
Nov 25, 2013
Closed on
Mar 28, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Lee Shao L and Zhao Mei G
Seller's Agent
Brandon Vinyard
The Agency of Pensacola
Buyer's Agent
Suzanne Clarke
ERA American Real Estate
List Price
$261,800
Sold Price
$200,000
Premium/Discount to List
-$61,800
-23.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Original Mortgage
$160,000
Interest Rate
4.33%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 18, 2013
Sold by
Yarbrough Tracey L and Yarbrough Kevin E
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Sep 25, 2000
Sold by
The Terrace At Pelican Inc
Bought by
Yarbrough Kevin E and Yarbrough Tracey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,800
Interest Rate
7.92%
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

  • Judy Griffin Real Estate Agent - Coastal Villages Real Estate

    Judy Griffin

    Coastal Villages Real Estate

    (850) 613-0396

    169 Total Sales

    2 in Destin

    $683K - $783K Price Range

    Judy Griffin
     Section Image
  • Al Mader Real Estate Agent - Compass

    Al Mader

    Compass

    (850) 904-4607

    24 Total Sales

    2 in Destin

    $277K - $842K Price Range

    Al Mader
     Section Image
  • Christina Black Real Estate Agent - Blackwater Real Estate LLC

    Christina Black

    Blackwater Real Estate LLC

    (850) 929-5753

    44 Total Sales

    1 in Destin

    $315,000 Price

    Christina Black
     Section Image
  • Danya Wilson Real Estate Agent - Superior Realty Group LLC

    Danya Wilson

    Responds Quickly

    Superior Realty Group LLC

    (850) 788-7688

    157 Total Sales

    1 in Destin

    $580,000 Price

    Danya Wilson
     Section Image
  • Casey Owens Real Estate Agent - Coldwell Banker Realty

    Casey Owens

    Coldwell Banker Realty

    (850) 409-8689

    64 Total Sales

    1 in Destin

    $350,000 Price

    Casey Owens
     Section Image
  • Paul Domenech Real Estate Agent - Keller Williams Realty FWB

    Paul Domenech

    Responds Quickly

    Keller Williams Realty FWB

    (850) 409-2210

    184 Total Sales

    8 in Destin

    $229K - $1.4M Price Range

    Paul Domenech
     Section Image
See All Agents

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
$500,000 Provident Title
Lee Shao L $200,000 Attorney
Deutsche Bank National Trust Company $396,000 None Available
Yarbrough Kevin E $233,500 --
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 $300,000
Previous Owner Lee Shao L $160,000
Previous Owner Yarbrough Kevin E $396,000
Previous Owner Yarbrough Kevin $244,900
Previous Owner Yarbrough Kevin E $242,250
Previous Owner Yarbrough Kevin E $221,800
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
12/18/2023 12/18/23 Sold $500,000 -6.5% $466 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $535,000 +167.5% $499 / Sq Ft
04/16/2014 04/16/14 Sold $200,000 -23.6% $187 / Sq Ft View Prior Sale
04/01/2014 04/01/14 Pending -- -- --
11/25/2013 11/25/13 For Sale $261,800 -- $244 / 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 $5,034 $425,000 $425,000
2024 $4,285 $425,000 $425,000
2023 $4,285 $425,000 $0 $425,000
2022 $3,621 $330,000 $0 $330,000
2021 $3,105 $250,000 $0 $250,000
2020 $3,003 $240,000 $0 $240,000
2019 $2,853 $230,000 $0 $230,000
2018 $2,568 $200,000 $0 $0
2017 $2,535 $194,000 $0 $0
2016 $2,520 $194,000 $0 $0
2015 $2,477 $187,000 $0 $0
2014 $2,307 $172,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • JM

    Seller's Agent in 2023

    John Moran

    Keller Williams Realty Destin

    (850) 654-3325

    448 Total Sales

    John Moran
    Section Image

  • SM

    Buyer's Agent in 2023

    Silvia Madriaga

    The Premier Property Group

    (850) 598-0454

    36 Total Sales

    Silvia Madriaga
    Section Image

  • BV

    Seller's Agent in 2014

    Brandon Vinyard

    The Agency of Pensacola

    Section Image

  • SC

    Buyer's Agent in 2014

    Suzanne Clarke

    ERA American Real Estate

See All Agents

About The Terrace at Pelican Beach

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 931302

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-0606

Florida Okaloosa County Destin 32541

970 Highway 98 E Unit 606, Destin, FL

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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