Beautiful updated 5th floor unit at Pelican Beach Resort!! Turn key, fully furnished rental machine! This 1 bedroom 2 full bath unit with built in bunks sleeps 6. Hot water heater replaced in 2021. Popcorn ceiling removed 2023. On Pelican Beach Rental program. Unit grossed $60,326 in 2022 (affected by assessment project) . Owners personal use for this condo was 38 nights for 2022. This year already has $44,891 on the books (2023) and $4,839 on the books for 2024 . Amenities include 114 ft. zero entry pool right on beach w/12-seat spa, tennis court, covered parking, TIKI bar, Cafe, game room, sauna. Unit is a vacation rental subject to back to back consistent bookings. Pelican Beach is finishing up an assessment project of weatherproofing and painting buildings exterior.
Sold for $603,000
$603,000
1002 Highway 98 Unit 505, Destin, FL 32541
1beds
873sqft
Condominium
Built in 1998
-- sqft lot
$518,500 Zestimate®
$691/sqft
$3,971 Estimated rent
Home value
$518,500
$477,000 - $560,000
$3,971/mo
Zestimate® history
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List your homeWhat's special
Tennis courtGame roomCovered parkingTiki bar
Zillow last checked:
Listing updated:
Listed by:
Brett A Pasquariello 850-585-1844,
Adams Real Estate Inc
Bought with:
Crystal D Newborn
Corcoran Reverie Destin
Source: ECAOR,MLS#: 922770
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Kitchen
- Level: First
- Area: 90 Square Feet
- Dimensions: 10 x 9
Living room
- Level: First
- Area: 240 Square Feet
- Dimensions: 16 x 15
Heating
- Central
Cooling
- Central Air
Interior area
- Total structure area: 873
- Total interior livable area: 873 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- On waterfront: Yes
- Waterfront features: Gulf
Details
- Parcel number: 002S22203300055050
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- Construction Complete
- New construction: No
- Year built: 1998
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Community Room, Elevators, Fitness Center, Gated, Picnic Area, Pool, Sauna/Steam Room, TV Cable, Tennis Court(s), Waterfront, Short Term Rental - Allowed
- Subdivision: PELICAN BEACH RESORT CONDO
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Legal, Management, Recreational Faclty, Security, Cable TV, Taxes, Telephone, Trash, Water, Internet
Location
- Region: Destin
Financial & listing details
- Price per square foot: $691/sqft
- Tax assessed value: $470,000
- Annual tax amount: $5,568
- Date on market: 5/7/2023
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2023 | Sold | $603,000-2.1%$691/sqft |
Source:  ECAOR #922770 Report a problem | ||
| 7/11/2023 | Pending sale | $615,900$705/sqft |
Source: ECAOR #922770 Report a problem | ||
| 6/16/2023 | Price change | $615,900-2.1%$705/sqft |
Source: ECAOR #922770 Report a problem | ||
| 5/7/2023 | Listed for sale | $629,000-0.5%$721/sqft |
Source: ECAOR #922770 Report a problem | ||
| 4/1/2023 | Listing removed | -- |
Source: ECAOR #915524 Report a problem | ||
| 3/14/2023 | Price change | $632,000-1.6%$724/sqft |
Source: ECAOR #915524 Report a problem | ||
| 1/24/2023 | Listed for sale | $642,000+185.3%$735/sqft |
Source: ECAOR #915524 Report a problem | ||
| 12/7/2001 | Sold | $225,000$258/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,568 +12.5% | $470,000 +3.3% |
| 2023 | $4,947 +19% | $455,000 +31.9% |
| 2022 | $4,158 +3.6% | $345,000 +6.7% |
| 2021 | $4,015 +7.5% | $323,300 +7.8% |
| 2020 | $3,734 +9% | $300,000 +11.1% |
| 2019 | $3,425 +6.8% | $270,000 +7.8% |
| 2018 | $3,208 | $250,500 +10.6% |
| 2017 | $3,208 +8.4% | $226,500 +2% |
| 2016 | $2,960 +2.7% | $222,000 +4.2% |
| 2015 | $2,884 +2.2% | $213,000 +8.1% |
| 2014 | $2,822 | $197,000 +3.7% |
| 2013 | -- | $190,000 |
| 2012 | -- | $190,000 +2.2% |
| 2011 | -- | $186,000 -4.6% |
| 2010 | -- | $195,000 -17% |
| 2009 | -- | $235,000 -17% |
| 2008 | -- | $283,000 -20.1% |
| 2007 | -- | $354,000 -19.5% |
| 2006 | -- | $440,000 +7.3% |
| 2005 | -- | $410,000 +64% |
| 2004 | -- | $250,000 +29% |
| 2003 | -- | $193,800 +10% |
| 2002 | -- | $176,200 +2% |
| 2001 | -- | $172,700 |
Find assessor info on the county website
Neighborhood: 32541
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Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.5 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 3.1 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 10.1 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Destin
- 32541
- 1002 Highway 98 Unit 505
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