For sale

Price cut: $15K (7/13)

$475,000

970 Highway 98 #505, Destin, FL 32541

2beds

1,072sqft

$3,036/mo

Get pre-qualified

Condominium

Built in 1999

-- sqft lot

$-- Zestimate^®

$443/sqft

$-- HOA

What's special

Sleek granite countertopsUpdated appliancesUpscale furnishingsSophisticated tile flooring throughoutBeautifully designed kitchenPrivate spacious balconyPremium upgraded mattresses

Here is your opportunity to own an exquisitely appointed 2-bedroom, 2-bath residence at The Terrace at Pelican Beach. Impeccably maintained and thoughtfully curated, this elegant unit showcases upscale furnishings, including a sleeper sofa, with all beds featuring premium upgraded mattresses to comfortably accommodate up to six guests. Unit 505 offers a beautifully designed kitchen complemented by sleek granite countertops, updated appliances, and sophisticated tile flooring throughout--creating a seamless blend of style and functionality. Step onto your private, spacious balcony and indulge in sweeping panoramic views of the Gulf of America, a tranquil lake, and four resort-style pools, two of which are heated during the winter months.

124 days
254
17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: First
Area: 135.54 Square Feet
Dimensions: 12.2 x 11.11

Bedroom

Level: First
Area: 120 Square Feet
Dimensions: 12 x 10

Other

Description: 173 sq. ft.

Kitchen

Level: First
Area: 183 Square Feet
Dimensions: 15 x 12.2

Living room

Description: Living/Dining Combo
Level: First
Area: 351 Square Feet
Dimensions: 27 x 13

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater

Features

Breakfast Bar, Owner's Closet
Flooring: Tile
Windows: Window Treatments
Furnished: Yes

Interior area

Total structure area: 1,072
Total interior livable area: 1,072 sqft

Property

Parking

Parking features: Guest, Other, Covered
Has garage: Yes

Features

Exterior features: Balcony
Has view: Yes
View description: Gulf, Lake
Has water view: Yes
Water view: Gulf,Lake
Waterfront features: Lake Front

Details

Parcel number: 002S22250000000505

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Condition

Construction Complete,Renovated
New construction: No
Year built: 1999

Utilities & green energy

Water: Public

Community & HOA

Community

Features: BBQ Pit/Grill, Community Room, Deed Access, Dumpster, Elevators, Fitness Center, Fishing, Gated, Pool, Sauna/Steam Room, TV Cable, Tennis Court(s), Pickleball, Short Term Rental - Allowed
Subdivision: TERRACE AT PELICAN BEACH

HOA

Has HOA: Yes
Services included: Maintenance Grounds, Sewer, Cable TV, Trash, Internet

Location

Region: Destin

Financial & listing details

Price per square foot: $443/sqft
Tax assessed value: $422,500
Annual tax amount: $5,004
Date on market: 4/30/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/13/2026	Price change	$475,000-3.1%$443/sqft
Source: ECAOR #1001840 Report a problem
5/23/2026	Price change	$490,000-1.6%$457/sqft
Source: ECAOR #1001840 Report a problem
4/30/2026	Listed for sale	$498,000+2.7%$465/sqft
Source: ECAOR #1001840 Report a problem
5/7/2025	Sold	$485,000-2.8%$452/sqft
Source: ECAOR #969524 Report a problem
3/30/2025	Pending sale	$499,000$465/sqft
Source: ECAOR #969524 Report a problem
2/25/2025	Listed for sale	$499,000-6.7%$465/sqft
Source: ECAOR #969524 Report a problem
10/31/2024	Listing removed	$535,000$499/sqft
Source: ECAOR #954149 Report a problem
7/8/2024	Listed for sale	$535,000+75.4%$499/sqft
Source: ECAOR #954149 Report a problem
10/29/2019	Sold	$305,000-4.7%$285/sqft
Source: ECAOR #823712 Report a problem
8/19/2019	Price change	$319,900-3.1%$298/sqft
Source: Adams Real Estate Inc #823712 Report a problem
5/25/2019	Listed for sale	$330,000+15.8%$308/sqft
Source: Adams Real Estate Inc #823712 Report a problem
10/3/2009	Listing removed	$285,000$266/sqft
Source: OCEAN REEF REALTY INC #523468 Report a problem
9/15/2009	Listed for sale	$285,000-24.4%$266/sqft
Source: OCEAN REEF REALTY INC #523468 Report a problem
4/26/2004	Sold	$377,000+36.1%$352/sqft
Source: Public Record Report a problem
10/21/2003	Sold	$277,000$258/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,004 0%	$422,500
2024	$5,005 +17.7%	$422,500
2023	$4,251 +18.5%	$422,500 +29%
2022	$3,589 +16.8%	$327,500 +32.3%
2021	$3,074 +3.4%	$247,500 +4.2%
2020	$2,972 +5.4%	$237,500 +4.4%
2019	$2,819 +11.2%	$227,500 +15.2%
2018	$2,536	$197,500 +3.1%
2017	$2,536 +1.3%	$191,500
2016	$2,503 +0.6%	$191,500 +3.8%
2015	$2,487 +1.8%	$184,500 +8.8%
2014	$2,444	$169,500 +11.1%
2013	--	$152,500 +2.3%
2012	--	$149,000 -13.4%
2011	--	$172,000 -15.3%
2010	--	$203,000 -19.8%
2009	--	$253,000 -11.2%
2008	--	$285,000 -8.1%
2007	--	$310,000 -16.2%
2006	--	$370,000
2005	--	$370,000 +68.2%
2004	--	$220,000 +10%
2003	--	$200,000 +7.8%
2002	--	$185,500 +1%
2001	--	$183,600