970 E Hwy 98 806, Destin, FL 32541

$494,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,072 Status: Active
Current Price: $494,000 List Date: 4/03/2026 Last Modified: 6/03/2026

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.

More Information MLS# 999758

General Property Info

userdefined76: 0 Sub-Type: Condominium Design: N/A SqFt Source: County PA Records Stories In Unit: 1 Stories in Building: 16 Unit Floors Above Ground: 8 Garage: No Carport: No Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1072 Bedrooms: 2 Full Baths: 2 Total Bathrooms: 2 Year Built: 1999

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 460.82 List Date: 2026-04-03 Current Price: $494,000 List Price: $494,000

Location, Tax and Legal

Unit #: 806 Sub Area: 1401 - Destin Beach West Elementary School: Destin Middle School: Destin High School: Destin Legal Description: THE TERRACE AT PELICAN BEACH UNIT 806

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1080 Annual Assessment Amount: 12960 Assessment Paid: Monthly New Buyer Fee: No Last Taxes: 4537.3 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: 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.

Construction Status

Construction Complete: 1

Waterview

Bay: 1 Gulf: 1

Project Facilities

BBQ Pit/Grill: 1 Deed Access: 1 Dumpster: 1 Elevators: 1 Exercise Room: 1 Pool: 1 Short Term Rental - Allowed: 1 TV Cable: 1 Whirlpool: 1

Construction/Siding

Concrete: 1 Foundation On Piling: 1

Utilities

Electric: 1 Public Water: 1

Exterior

Balcony: 1

Interior

Floor Vinyl: 1 Furnished - All: 1 Kitchen Island: 1 Newly Painted: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1 FHA: 1

Appliances

Dishwasher: 1 Disposal: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1

Energy

AC - Central Elect: 1 Heat Cntrl Electric: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Shower Only: 1 MBath Tile: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Fees Include

Accounting: 1 Advertising: 1 Ground Keeping: 1 Insurance: 1 Management: 1 Master Association: 1 Recreational Faclty: 1 Security: 1 Sewer: 1 Telephone: 1 Trash: 1 TV Cable: 1 Water: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 14 - Destin Street #: 970 Street Direction: E Street Name: Hwy 98 State: FL Zip Code: 32541 County: Okaloosa Project Name/Subdivision: The Terrace at Pelican Beach Parcel ID: 00-2S-22-2500-0000-0806

Property Features

Construction Status: Construction Complete Waterview: Bay; Gulf Project Facilities: BBQ Pit/Grill; Deed Access; Dumpster; Elevators; Exercise Room; Pool; Short Term Rental - Allowed; TV Cable; Whirlpool Exterior: Balcony Interior: Floor Vinyl; Furnished - All; Kitchen Island; Newly Painted; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric Utilities: Electric; Public Water Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Rooms: Bedroom; Kitchen; Living Room; Master Bedroom Financing: Conventional; FHA Fees Include: Accounting; Advertising; Ground Keeping; Insurance; Management; Master Association; Recreational Faclty; Security; Sewer; Telephone; Trash; TV Cable; Water

Room Information

Living Room Level: First Dimensions: 27 x 13 Length: 27.00 Width: 13.00 Remarks: Buyer to confirm. Dimensions: 27 x 13 Master Bedroom Level: First Dimensions: 12.2 x 11.11 Length: 12.20 Width: 11.11 Remarks: Buyer to confirm. Dimensions: 12.2 x 11.11 Kitchen Level: First Dimensions: 13 x 12.2 Length: 13.00 Width: 12.20 Remarks: Buyer to confirm. Dimensions: 13 x 12.2 Bedroom Level: First Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Remarks: Buyer to confirm. Dimensions: 12 x 10

Documents

Listing Office: Compass
Last Updated: June - 03 - 2026
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