$494,000
Destin, FL 32541
MLS# 999758
Status: Pending
2 beds | 2 baths | 1072 sqft

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Property 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.
Details
Maps
Documents
Status Change Info
Status: Pending
Under Contract Date: 2026-06-06
Contract Info
List Date: 2026-04-03
Current Price: $494,000
List Price: $494,000
List Price/SqFt: 460.82
Listing Board: Emerald Coast
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: TERRACE AT PELICAN BEACH
Parcel ID: 00-2S-22-2500-0000-0806
General Property Info
Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 1072
SqFt Source: County PA Records
Bedrooms: 2
Full Baths: 2
Total Bathrooms: 2
Stories In Unit: 1
Stories in Building: 16
Unit Floors Above Ground: 8
Year Built: 1999
Garage: No
Carport: No
Pool: Yes
Pool Type: Community
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
| Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
| Living Room | First | 27 x 13 | 27.00 | 13.00 | Buyer to confirm. | 27 x 13 |
| Master Bedroom | First | 12.2 x 11.11 | 12.20 | 11.11 | Buyer to confirm. | 12.2 x 11.11 |
| Kitchen | First | 13 x 12.2 | 13.00 | 12.20 | Buyer to confirm. | 13 x 12.2 |
| Bedroom | First | 12 x 10 | 12.00 | 10.00 | Buyer to confirm. | 12 x 10 |
Listing Office: Compass
Last Updated: June - 08 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.