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Sold for $1,300,000
    • $1,300,000

    498 Shelter Cove Dr, Santa Rosa Beach, FL 32459

    3beds
    2,224sqft
    Single Family Residence
    Built in 2001
    0.31 Acres Lot
    $1,300,000 Zestimate®
    $585/sqft
    $3,401 Estimated rent

    Home value

    $1,300,000

    $1.24M - $1.36M

    $3,401/mo

    Zestimate® history
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    What's special

    Granite countertopsMaster suiteCustom-built bayfront homeCustom cabinetryGourmet kitchenSpacious open floor planPanoramic bay views
    Bayfront Beauty with Custom Features & Breathtaking Views! Don't miss this rare opportunity to own an award-winning, custom-built bayfront home with 85 feet of stunning waterfront. This 3-bedroom, 2.5-bath gem is designed for both comfort and style, featuring a spacious open floor plan, cathedral ceilings, and panoramic bay views that set the scene for peaceful living and elegant entertaining. The gourmet kitchen boasts granite countertops, custom cabinetry, and plenty of space for gathering. Retreat to the master suite and enjoy your private slice of paradise with a tray ceiling, large walk-in closet, and a gorgeous view of the bay to wake up to every morning. This home is packed with premium upgrades, including: WaterFurnace geothermal HVAC system Storm shutters & 8-ft wind-rated garage door (perfect for oversized vehicles) Whole-house generator Built-in pest deterrent system Irrigation and security systems And for boating enthusiasts  there is a boat dock that comes equipped with a boat lift, making it easy to get out on the water at a moment's notice. This home is the ideal blend of luxury, durability, and waterfront living. Schedule your private tour today and experience bayfront living at its finest!

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Lawson 850-865-5733,

    Realty ONE Group Emerald Coast

    Bought with:

    Jerry G Lymburner, 3613928

    Scenic Sotheby's International Realty

    Source: ECAOR,MLS#: 974724MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: First
    • Area: 300 Square Feet
    • Dimensions: 20 x 15
    Bedroom
    • Level: Second
    • Area: 165 Square Feet
    • Dimensions: 15 x 11
    Bedroom
    • Level: Second
    • Area: 156 Square Feet
    • Dimensions: 13 x 12
    Bonus room
    • Level: Second
    • Area: 225 Square Feet
    • Dimensions: 15 x 15
    Living room
    • Level: First
    • Area: 252 Square Feet
    • Dimensions: 18 x 14
    Heating
    • Geothermal
    Appliances
    • Included: Dishwasher, Dryer, Refrigerator, Washer
    • Laundry: Washer/Dryer Hookup
    Features
    • Central Vacuum, Tray Ceiling(s), Vaulted Ceiling(s)
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,224
    • Total interior livable area: 2,224 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener
    • Attached garage spaces: 2
    Features
    • Stories: 2
    • Patio & porch: Screened
    • Exterior features: Sprinkler System
    • Has view: Yes
    • View description: Bay
    • Has water view: Yes
    • Water view: Bay
    • Waterfront features: Bay
    Lot
    • Size: 0.31 Acres
    • Dimensions: 85 x 158
    • Features: Dead End, Within 1/2 Mile to Water
    Details
    • Parcel number: 242S21428000000070
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    Condition
    • Construction Complete
    • New construction: No
    • Year built: 2001

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Features: Gated, Pool
    • Subdivision: Pelican Bay
    HOA
    • Has HOA: Yes
    • Services included: Recreational Faclty
    Location
    • Region: Santa Rosa Beach

    Financial & listing details

    • Price per square foot: $585/sqft
    • Tax assessed value: $1,009,854
    • Annual tax amount: $8,590
    • Date on market: 11/1/2025

    Price history

    DateEventPrice
    4/30/2026Sold$1,300,000-8.5%$585/sqft
    Source: ECAOR #974724 Report a problem
    3/2/2026Pending sale$1,420,000$638/sqft
    Source: ECAOR #974724 Report a problem
    2/6/2026Price change$1,420,000-5.3%$638/sqft
    Source: ECAOR #974724 Report a problem
    9/10/2025Price change$1,500,000-6.2%$674/sqft
    Source: ECAOR #974724 Report a problem
    7/1/2025Price change$1,599,000-8.6%$719/sqft
    Source: ECAOR #974724 Report a problem
    4/24/2025Listed for sale$1,750,000+137.1%$787/sqft
    Source: ECAOR #974724 Report a problem
    12/14/2018Sold$738,000-3.9%$332/sqft
    Source: ECAOR #804789 Report a problem
    10/23/2018Pending sale$768,000$345/sqft
    Source: Keller Williams Emerald Coast Realty #804789 Report a problem
    8/8/2018Price change$768,000-1.5%$345/sqft
    Source: Keller Williams Emerald Coast Realty #804789 Report a problem
    6/25/2018Price change$780,000-1.1%$351/sqft
    Source: BAR INVEST REALTY LLC #794676 Report a problem
    3/26/2018Listed for sale$789,000+350.9%$355/sqft
    Source: NON-MEMBER OFFICE #794676 Report a problem
    9/29/2000Sold$175,000$79/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,771 +5.2%$935,693 +10%
    2024$8,340 +10.4%$850,630 +10%
    2023$7,553 -3.1%$773,300 +10%
    2022$7,796 +26%$703,000 +10%
    2021$6,186 +2.8%$639,091 +6%
    2020$6,020 +3.3%$603,057 +2.7%
    2019$5,830 $587,027 +34%
    2018$5,830 +45.8%$438,187 +2.1%
    2017$3,997 +2.9%$429,174 +2.1%
    2016$3,886 +1.3%$420,347 +0.7%
    2015$3,836 -0.8%$417,425 +0.8%
    2014$3,869 $414,112 +1.5%
    2013-- $407,992 +1.7%
    2012-- $401,172 +3%
    2011-- $389,487 +1.6%
    2010-- $383,294 +2.7%
    2009-- $373,217 +0.1%
    2008-- $372,844 +3%
    2007-- $361,984 +5.6%
    2005-- $342,869 +3%
    2004-- $332,883 +1.9%
    2003-- $326,676 +2.6%
    2002-- $318,434 +129.4%
    2001-- $138,800
    Find assessor info on the county website

    Neighborhood: 32459

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Van R Butler
    • Middle: Emerald Coast
    • High: South Walton

    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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