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Key Details
Sold Price $485,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,072 sqft
Price per Sqft $452
Subdivision Terrace At Pelican Beach
MLS Listing ID 999758
Sold Date 07/08/26
Bedrooms 2
Full Baths 2
HOA Fees $1,080/mo
HOA Y/N Yes
Year Built 1999
Annual Tax Amount $4,537
Tax Year 2025
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1072
Property Description
Exceptional income-producing opportunity with $68,000 in year-to-date rental revenue and projected earnings nearing $80,000 this year! Enjoy sweeping Gulf and lake views from this beautifully updated 2-bedroom, 2-bath condo at The Terrace at Pelican Beach. Thoughtfully renovated, the unit offers a bright, coastal interior with updated LVP flooring, fresh paint, updated cabinetry, and a remodeled kitchen featuring a new refrigerator.
Floor-to-ceiling windows in the living area and primary bedroom bring in natural light and frame the water views, while the spacious balcony provides the perfect spot to relax and take in the scenery. The primary suite offers balcony access, Gulf views, and a beautifully redesigned bath with a frameless sliding shower door, designer tile, and waterfall showerhead. The guest bath has also been fully updated with designer finishes. An office area adds flexible space for remote work or everyday convenience. Located within the resort, owners and guests enjoy access to an impressive amenity package including three heated pools, a hot tub, fitness center, tennis courts, private beach access, game room, outdoor grills, and seasonal on-site dining. Whether you are searching for a primary residence, second home, or investment property, this condo delivers both lifestyle and income potential in the heart of Destin.
Location
State FL
County Okaloosa
Community Short Term Rental - Allowed, Bbq Pit/Grill, Deed Access, Dumpster, Elevators, Exercise Room, Pool, Tv Cable, Whirlpool
Area 14 - Destin
Direction From the Destin Bridge, head east on US-98 / Harbor Boulevard and continue straight as the road carries you through downtown Destin and then past the harbor area. Stay on Highway 98 for a few miles, and once you get past the main harbor stretch, keep going toward the beachside condo and resort area. It be on the south side of Highway 98, across from Big Kahuna's, in Terrace at Pelican Beach.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Interior Features Kitchen Island, Newly Painted, Washer/Dryer Hookup
Heating Central
Cooling Central Air
Flooring Floor Vinyl
Furnishings Furnished - All
Appliance Dishwasher, Disposal, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Exterior
Exterior Feature Balcony, Balcony
Pool Pool Type
Community Features Short Term Rental - Allowed, BBQ Pit/Grill, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Whirlpool
Utilities Available Electric, Public Water
View Gulf, Bay
Garage No
Building
Faces From the Destin Bridge, head east on US-98 / Harbor Boulevard and continue straight as the road carries you through downtown Destin and then past the harbor area. Stay on Highway 98 for a few miles, and once you get past the main harbor stretch, keep going toward the beachside condo and resort area. It be on the south side of Highway 98, across from Big Kahuna's, in Terrace at Pelican Beach.
Foundation Foundation On Piling
New Construction No
Schools
Elementary Schools Destin
Middle Schools Destin
High Schools Destin
Others
Pets Allowed No
HOA Fee Include Accounting, Ground Keeping, Insurance, Management, Master Association, Sewer, TV Cable, Trash, Water
Tax ID 00-2S-22-2500-0000-0806
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