NOT LISTED FOR SALE

Estimated Value: $455,934 - $489,000

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

Sale Details

Date Sold: July 17, 2023

Last sale price $530,000 $494 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,811 / mo

37 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Gulf View
  • Destin Elementary School Rated A-
  • Fishing
  • Primary Bedroom Suite

About This Home

As of July 2023

Lowest priced 2 bedroom unit at Terrace! Welcome to Terrace 902! Breathtaking views from the balcony oversees the beautiful gulf of Mexico and Destin. Kitchen boasts granite counter tops and stainless Steele appliances. Porcelain tile flooring throughout. Terrace at Pelican Beach offers deeded beach access as well as access to ALL amenities at Pelican Beach Resort. Amenities include, tennis courts, gym, tiki bar, cafe, spa, sauna, several pools, Terrace pool is heated, community room, game room, security. Cross easement with Pelican allows all Terrace owners to use everything at the Pelican. Buyer to verify all information.

Last Agent to Sell the Property

Brett Pasquariello

Adams Real Estate Inc License #3249689 Listed on: 04/24/2023

Last Buyer's Agent

Troy Page

Coastal Realty Partners License #3061086

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1999

Lot Details

  • 5

HOA Fees

  • $793 Monthly HOA Fees

Interior Spaces

  • 1,072 Sq Ft Home
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2500-0000-0902

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, land recreation, legal, licenses/permits, management, master, security, sewer, telephone, water, cable TV, trash
  • Terrace At Pelican Beach Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Community Pavilion
  • Meeting Room

Recreation

  • Beach
  • Exercise Course
  • Fishing

Security

  • Gated Community

Property Details

Home Type

Condominium

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 - Across theE street from BIG KAHUNAS Water Park- Destin
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1999
  • Remarks Misc:Remarks: Lowest priced 2 bedroom unit at Terrace! Welcome to Terrace 902! Breathtaking views from the balcony oversees the beautiful gulf of Mexico and Destin. Kitchen boasts granite counter tops and stainless Steele appliances. Porcelain tile flooring throughout. Terrace at Pelican Beach offers deeded beach access as well as access to ALL amenities at Pelican Beach Resort. Amenities include, tennis courts, gym, tiki bar, cafe, spa, sauna, several pools, Terrace pool is heated, community room, game room, security. Cross easement with Pelican allows all Terrace owners to use everything at the Pelican. Buyer to verify all information.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Master Bedroom:First: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Exercise Room, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Tennis
  • 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, Land Recreation, Legal, Licenses/Permits, Management, Master Association, Security, Sewer, Telephone, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2500-0000-0902
  • ResoLotSizeUnits: Acres

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
Apr 24, 2023
Closed on
Jul 14, 2023
Sold by
Bought by
Seller's Agent
Brett Pasquariello
Adams Real Estate Inc
Buyer's Agent
Troy Page
Coastal Realty Partners
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Views
94
Current Estimated Value
$471,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,016
Avg. Annual Appreciation
-3.73%
Original Mortgage
$503,500
Interest Rate
0.0679%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
0.0563%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,600
Interest Rate
0.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
0.0475%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$530,000 Vintage Title & Escrow
$50,000 Attorney
$190,000 Mcneese Title Llc
$325,000 American Land Title Inc
$432,000 Ati Title Company
$242,000 Dune Title Company Llc
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 $503,500
Previous Owner $276,250
Previous Owner $345,600
Previous Owner $193,600
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
07/17/2023 07/17/23 Sold $530,000 -3.5% $494 / Sq Ft
05/31/2023 05/31/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $549,000 -- $512 / 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 $5,122 $432,500 $432,500
2024 $4,384 $432,500 $432,500
2023 $4,384 $432,500 $0 $432,500
2022 $3,716 $337,500 $0 $337,500
2021 $3,198 $257,500 $0 $257,500
2020 $3,097 $247,500 $0 $247,500
2019 $2,953 $237,500 $0 $237,500
2018 $2,664 $207,500 $0 $0
2017 $2,633 $201,500 $0 $0
2016 $2,617 $201,500 $0 $0
2015 $2,577 $194,500 $0 $0
2014 $2,403 $179,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 921752

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2500-0000-0902

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