1002 Highway 98, Unit 505

873 Sq. Ft.
$691 / Sq. Ft.
873
Sq. Ft.
$691
per Sq. Ft.

Description

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...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.
  1. Listed by Brett A Pasquariello • Brokerage DRE #255230 • Adams Real Estate Inc
    P: (850)-585-1844 C: (850)-585-1844 brett.ecproperties@gmail.com

Property Details for 1002 Highway 98, Unit 505

Waterfront Features
Gulf
Architectural Style
N/A
Subdivision Name
PELICAN BEACH RESORT CONDO
Waterfront YN
Yes
LISTING UPDATED: 10/27/2024 09:46 PM

Property Details for 1002 Highway 98, Unit 505

StatusSold
MLS #922770
Days on Market66
Taxes-
HOA Fees$787 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1998
CountyOkaloosa County

Location

Listing Courtesy of Adams Real Estate Inc

Sold By Corcoran Reverie Destin

Add your commute

Building Information for 1002 Highway 98, Unit 505

Building/Complex1002 Highway 98Floor5Stories-Residences-Pet Policy-Pet Policy Details-Year Built1998

Payment Calculator

$4,185 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,939

Property Taxes

$459

HOA Dues

$787

The Payment Calculator is for illustrative purposes only.

Property Information for 1002 Highway 98, Unit 505

Summary
Location and General Information
  • Community Features: BBQ Pit/Grill, Beach, Community Room, Elevators, Exercise Room, Gated Community, Picnic Area, Pool, Sauna/Steam Room, Tennis, TV Cable, Waterfront
  • Directions: South side of HWY 98 E across from Big kahunas.
  • MLS Area Minor: 1401 - Destin Beach West
  • MLS Area Major: 14 - Destin
  • Latitude: 30.385707
  • Longitude: -86.474639
  • Location Tax and Legal:Sub Area: 1401 - Destin Beach West
  • Location Tax and Legal:Elementary School: Destin
  • Location Tax and Legal:Middle School: Destin
  • Location Tax and Legal:High School: Destin
  • Location Tax and Legal:Legal Description: PELICAN BEACH RESORT CONDO UNIT 505
  • Project Facilities: BBQ PitGrill2, Beach, Community Room, Elevators, Exercise Room, Gated Community, Picnic Area, Pool2, SaunaSteam Room, Short Term Rental - Allowed, Tennis, TV Cable3, Waterfront
  • Garage 2: true
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Legal, Management, Master Association, Recreational Faclty, Security, Telephone, Water, Cable TV, Taxes, Trash
  • Association Fee2: $787
  • Tax Legal Description: PELICAN BEACH RESORT CONDO UNIT 505
  • Parcel Number: 00-2S-22-2033-0005-5050
  • Association Fee: $0
  • Association YN: Yes
School Information
  • Elementary School: Destin
  • Middle Or Junior School: Destin
  • High School: Destin
Parking
  • Carport YN: No
  • Attached Garage YN: No
  • Parking Features: Garage
  • Parking Features: Garage3
Property
Lot Information
  • Building Area Source: Condo Docs
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Property Condition: Construction Complete
  • Building Area Total: 873.0
  • Lot Size Square Feet: 0.0
  • General Property Info:SqFt Source: Condo Docs
  • Waterfront: Gulf
Property and Assessments
  • Floor Plans Count: 0.0
  • Property Type: Residential, Condo
  • Year Built: 1998.0
  • Property Sub Type: Condominium
  • New Construction YN: No
  • General Property Info:Sub-Type: Condominium
  • General Property Info:Design: N/A
  • Construction Status: Construction Complete
  • Occupancy Status: Vacation Rental
Utilities
  • Utilities: Electric
  • Electric: True
  • Utilities: Electric
  • Energy: AC - Central Elect, Heat Cntrl Electric
Interior and Exterior Features
Exterior Features
  • Pool Features: Pool Type
  • General Property Info:Stories In Unit: 1.0
  • General Property Info:Unit Floors Above Ground: 5.0
  • General Property Info:Pool: Yes
  • General Property Info:Pool Type: Community
Interior Features
  • Heating: Central
  • Cooling: Central Air
  • Room Type: Kitchen, Living Room, Master Bedroom
  • Rooms Total: 3.0
  • Bathrooms Total Integer: 2.0
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Notational: 2.0
  • Cooling YN: Yes
  • Heating YN: Yes
  • Bedrooms Total: 1.0
  • Bathrooms Full: 2.0
Room Information
Room 1
  • Room Type: Kitchen
  • Room Level: First
  • Room Length: 10.0
  • Room Width: 9.0
  • Room Dimensions: 10 x 9
Room 2
  • Room Type: Living Room
  • Room Level: First
  • Room Length: 16.0
  • Room Width: 15.0
  • Room Dimensions: 16 x 15
Room 3
  • Room Type: Master Bedroom
  • Room Level: First
  • Room Length: 12.0
  • Room Width: 12.0
  • Room Dimensions: 12 x 12
Rental
Rent Information
  • Listing Info Tax Legal:Is Subject Leased: false

Property History for 1002 Highway 98, Unit 505

DateEvent & SourcePriceAppreciation
Aug 10, 2023

Sold (Public Record)

Public Record #1517016248

$603,000

+4.7% / yr

Aug 10, 2023

Sold

ECAR #922770

$603,000—
Jul 11, 2023

Pending

ECAR #922770

—
May 7, 2023

Listed (Active)

ECAR #922770

$629,000—
Dec 7, 2001

Sold (Public Record)

Public Record #82006577

$225,000—
Dec 3, 2001

Sold

ECAR #314808

$225,000—
Nov 13, 2001

Pending

ECAR #314808

—
Sep 1, 2001

Listed (Active)

ECAR #314808

$239,900—
DateEvent & SourcePrice
08/10/2023

Sold (Public Record)

Public Record #1517016248

$603,000

+4.7% / yr

08/10/2023

Sold

ECAR #922770

$603,000
07/11/2023

Pending

ECAR #922770

—
05/07/2023

Listed (Active)

ECAR #922770

$629,000
12/07/2001

Sold (Public Record)

Public Record #82006577

$225,000
12/03/2001

Sold

ECAR #314808

$225,000
11/13/2001

Pending

ECAR #314808

—
09/01/2001

Listed (Active)

ECAR #314808

$239,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1002 Highway 98, Unit 505

Taxable ValueLand-Additions$465,000Total-
Tax Record2025$5,507 ($459 / month)
Home Facts
Beds1Total Finished SqFt775 SqFtAbove Grade Finished SqFt775 SqFtLot Size439,231 SqFtStyleCondominiumYear Built1998CountyOKALOOSAAPN00-2S-22-2033-0005-5050

Schools near 1002 Highway 98, Unit 505

This home is within Okaloosa County School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Destin Elementary School
PublicPK to 4

Destin Middle School
Public5 to 8

Fort Walton Beach High School
Public9 to 12

Destin High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Adams Real Estate Inc

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