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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 924 sqft
Price per Sqft $698
Subdivision Pelican Beach Resort Condo
MLS Listing ID 992010
Bedrooms 2
Full Baths 2
HOA Y/N Yes
Year Built 1998
Annual Tax Amount $6,235
Tax Year 2024
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 924
Property Description
From a risk and ownership standpoint, the fundamentals matter. Pelican Beach Resort is a financially sound, well-maintained building with its Structural Integrity Reserve Study (SIRS) complete and no Milestone Inspection issues. In a post-Surfside environment, those details are not footnotes they are decision drivers. Strong associations with completed structural reviews continue to attract financing, buyers, and renters while weaker buildings are increasingly filtered out of the market.
The condo itself has recent updates and is truly rental-ready. The master bath has been remodeled, new living room furnishings have been added, and the layout comfortably sleeps six adults. This combination of condition, layout, and location supports both personal use and short-term rental demand without the need for immediate capital improvements.
From an income perspective, comparable renovated 2-bedroom units within Pelican Beach Resort can generate $80,000+ in annual gross rental income, depending on owner use and management strategy. The resort's beachfront location, depth of amenities, and repeat-guest appeal drive consistent demand across seasons.
Pelican Beach Resort remains one of Destin's most established Gulf-front destinations, offering three swimming pools including a new Gulf-front infinity pool, an indoor/outdoor swim-through pool, and a kiddie pool, along with a fitness center with hot and dry sauna, tennis court, tiki bar, onsite café, and private beach access to Destin's sugar-white sand and emerald waters.
For owners, flexibility is a key advantage. Onsite rental management is available for a hands-off approach, while owners may also choose to self-manage or work with a third-party manager. This flexibility, paired with the building's financial strength and the unit's updated condition, is what separates long-term performers from problem properties.
Whether you are seeking a second home at the beach, a short-term rental investment, or a blend of both, this condo represents the type of opportunity that holds value through market cycles a well-located, well-maintained Gulf-front property with clarity around risk, performance, and ownership.
Location
State FL
County Okaloosa
Community Bbq Pit/Grill, Deed Access, Dumpster, Elevators, Exercise Room, Game Room, Gated Community, Laundry, Pool, Sauna/Steam Room, Tennis, Tv Cable, Waterfront
Area 14 - Destin
Direction Located on the beach off Hwy 98 across the street from Big Kahunas.
Rooms
Kitchen true
Interior
Interior Features Breakfast Bar
Heating Central
Cooling Central Air
Flooring Floor Vinyl
Furnishings Furnished - All
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Exterior
Exterior Feature Balcony, BBQ Pit/Grill, Hot Tub, Pool - Enclosed, Sauna/Steam, Tennis Court, In-Ground Pool, Enclosed Pool, BBQ / Grill, Hot Tub, Sauna / Steam Room, Balcony
Pool Pool - In-Ground, Pool Type
Community Features BBQ Pit/Grill, Deed Access, Dumpster, Elevators, Exercise Room, Game Room, Gated Community, Laundry, Pool, Sauna/Steam Room, Tennis, TV Cable, Waterfront
Utilities Available Public Water
Waterfront Description Gulf
View Gulf
Accessibility 340
Garage No
Building
Faces Located on the beach off Hwy 98 across the street from Big Kahunas.
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Destin
Middle Schools Destin
High Schools Fort Walton Beach
Others
Pets Allowed No
HOA Fee Include Accounting,Ground Keeping,Internet Service,Licenses/Permits,Sewer,Water,Cable TV,Trash
Tax ID 00-2S-22-2033-0019-1912
Miscellaneous Updated 2BR condo with unobstructed Gulf views at Pelican Beach Resort — a financially strong, well-maintained building with no SIRS or Milestone Inspection issues. In today's condo market, those details matter. Based on comparable renovated units within the resort, properties like this can generate $80K+ in annual gross rental income. Recently updated and rental-ready with a remodeled master bath and new furnishings. Pelican Beach Resort offers three pools (including a new Gulf-front infinity pool), fitness center with sauna, tennis, tiki bar, onsite café, and private beach access. A low-risk, high-demand Gulf-front condo that checks the boxes experienced buyers are prioritizing.
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