Turnkey Investment Opportunity - 4 Minute walk to the beach & over $41, 000 in rental revenue in just 10 months, with additional owner usageshowcasing its incredible investment potential! Highly sought-after Terrace at Pelican Beach. This income-producing property generated High occupancy rates with strong repeat guests due to its prime location and luxurious updates. Turnkey investment, perfect for short-term rentals with no major updates needed. Updated & Move-In Ready Modern kitchen with brand-new shaker cabinets, quartz countertops, & a stylish shiplap surround. New tile flooring throughout, fresh paint, updated furnishings, artwork, & accessories. Spacious open-concept living & dining area designed for relaxation and entertainment Resort-Style Amenities & Prime Location Amazing Tiki Hut beachside! Deeded beach access to Destin's sugar-white sands and emerald waters. Resort-style pool, hot tub, fitness center, tennis courts, game room, BBQ grills, and more! Located across from Big Kahuna's Water & Adventure Park and some of the top dining, shopping, and entertainment. Whether you're looking for a vacation rental or a personal beach getaway, this condo delivers strong ROI with the perfect blend of luxury and location.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 12.0 x 12.0
- Bedroom 1 Dimensions: 10.0 x 12.0
- Primary Bedroom Level: First
- Bedroom 1 Level: First
Other Rooms
- Total Rooms: 4
- Living Room Dimensions: 13.0 x 27.0
- Living Room Level: First
- Living Room Features: dining/living room combo
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Floor Tile
- Furnished - All
- Owner's Closet
- Renovated
- Window Treatment All
Appliances
- Cooktop
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Smoke Detector
- Stove/Oven Electric
- Washer
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 12.0 x 13.0
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- BBQ Pit/Grill
- Deck Open
Pool and Spa
- Pool Features: Community
- Pool Private: Yes
Waterfront and Water Access
Home Features
- View: Lake
- Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect
Homeowners Association
- Association: Yes
- Association Fee: 1052
- Association Fee Frequency: Monthly
- Association Fee Includes: Accounting, Ground Keeping, Internet Service, Legal, Master Association, Recreational Faclty, Security, Sewer, Telephone, Water, Cable TV, Trash
- Calculated Total Monthly Association Fees: 1052
School Information
- Elementary School: Destin
- High School: Fort Walton Beach
- Middle School: Destin
Amenities and Community Features
- BBQ Pit/Grill
- Beach
- Community Room
- Deed Access
- Dumpster
- Elevators
- Exercise Room
- Fishing
- Game Room
- Gated Community
- Pavillion/Gazebo
- Picnic Area
- Pool
- Sauna/Steam Room
- Tennis
- TV Cable
- Facilities: BBQ PitGrill2, Short Term Rental - Allowed, SaunaSteam Room, Dumpster, Picnic Area, TV Cable3, Deed Access, Community Room, Gated Community, Tennis, PavillionGazebo2, Fishing, Elevators, Pool2, Beach, Exercise Room, Game Room
- Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Fishing, Game Room, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Sauna/Steam Room, Tennis, TV Cable
Other Property Info
- Annual Tax Amount: 4126
- Source Listing Status: Active
- County: Okaloosa
- Directions: Inside Pelican Beach Resort across from Big Kahuna Water Park
- Tax Year: 2024
- Source Property Type: Residential
- Area: 14 - Destin
- Property Subtype: condo
- MLS Area Minor: 1401 - Destin Beach West
- Source Neighborhood: TERRACE AT PELICAN BEACH
- Parcel Number: 00-2S-22-2500-0000-0205
- Subdivision: TERRACE AT PELICAN BEACH
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1072
- Year Built: 2000
- Building Area Source: Agent-Measured
- Building Area Total: 1072
- Building Exterior Type: Concrete
- Construction Materials: Concrete
- Property Age: 25
- Property Condition: Construction Complete
- Building Total Stories: 98
Utilities
- Electric
- Public Sewer
- Public Water
- TV Cable
