About 1002 Highway 98 505
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.
This property located within the PELICAN BEACH RESORT CONDO subdivision in Destin is priced at 705/sq. ft. and has been on the market for 377 days. 1002 Highway 98 505 is 873 square feet of living space and has 1 bedroom and 2 baths The average list price of properties in this same area is $821,258.
Features of 1002 Highway 98 505
| MLS® # | 922770 |
|---|---|
| Price | $615,900 |
| Bedrooms | 1 |
| Sold Price | $603,000 |
| Bathrooms | 2.00 |
| Date Sold | 2023-08-10 |
| Full Baths | 2 |
| Days until Sold | 95 |
| Square Footage | 873 |
| Acres | 0.00 |
| Year Built | 1998 |
| Type | Residential |
| Sub-Type | Condominium |
| Style | N/A |
| Status | Sold |
Community Information
| Address | 1002 Highway 98 505 |
|---|---|
| Area | 14 - Destin |
| Subdivision | PELICAN BEACH RESORT CONDO |
| City | Destin |
| County | Okaloosa |
| State | FL |
| Zip Code | 32541 |
Amenities
| Amenities | BBQ Pit/Grill, Beach, Community Room, Elevators, Exercise Room, Gated Community, Picnic Area, Pool, Sauna/Steam Room, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront |
|---|---|
| Utilities | Electric |
| Parking | Garage |
| Is Waterfront | Yes |
| Waterfront | Gulf |
| Has Pool | Yes |
| Pool | Community |
Interior
| Heating | Heat Cntrl Electric |
|---|---|
| Cooling | AC - Central Elect |
| Has Basement | No |
| Fireplace | No |
School Information
| Elementary | Destin |
|---|---|
| Middle | Destin |
| High | Destin |
Additional Information
| Days on Website | 377 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 787.43 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Adams Real Estate Inc |
|---|