1002 Highway 98 #UNIT 1912, Destin, FL 32541
Local realty services provided by:CENTURY 21 Ryan Realty
1002 Highway 98 #UNIT 1912,Destin, FL 32541
$645,000
- 2 Beds
- 2 Baths
- 924 sq. ft.
- Condominium
- Pending
Listed by: at the beach team, john p moran
Office: keller williams realty destin
MLS#:992010
Source:FL_ECAR
Price summary
- Price:$645,000
- Price per sq. ft.:$698.05
About this home
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. Renovated units within the resort, can generate $80K+ in annual gross rental income. NOTE: This unit collected $98,904 in 2023. BONUS UPGRADE: this unit has an extra storage room on the balcony. 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 This updated 2-bedroom condo at Pelican Beach Resort offers unobstructed Gulf views and a profile that aligns with what experienced buyers and investors are prioritizing in today's Florida condo market.
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.
Contact an agent
Home facts
- Year built:1998
- Listing ID #:992010
- Added:55 day(s) ago
- Updated:February 24, 2026 at 08:12 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:6
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator/Icemaker, Stove/Oven Electric
- Living area:924 sq. ft.
Structure and exterior
- Year built:1998
- Building area:924 sq. ft.
- Exterior Features:BBQ Pit/Grill, Balcony, Hot Tub, Sauna/Steam, Tennis Court
Schools
- High school:Fort Walton Beach
- Middle school:Destin
- Elementary school:Destin
Utilities
- Water:Public Water
Finances and disclosures
- Price:$645,000
- Price per sq. ft.:$698.05
- Tax amount:$6,235 (2024)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator w/Ice Maker, Stove/Oven Electric, Washer
- Laundry features:Dryer, Washer
- Amenities:Breakfast Bar
New listings near 1002 Highway 98 #UNIT 1912
- New
$1,050,000Active3 beds 3 baths2,649 sq. ft.408 Kelly Plantation #410, Destin, FL 32541
MLS# 996379Listed by: SANDERS BEACH REALTY LLC - New
$379,900Active3 beds 3 baths1,537 sq. ft.7 Renea Cove, Destin, FL 32541
MLS# 994220Listed by: BERKSHIRE HATHAWAY HOMESERVICES - New
$319,999Active2 beds 2 baths1,150 sq. ft.4203 Indian Bayou Trail #1716, Destin, FL 32541
MLS# 996319Listed by: ERA AMERICAN REAL ESTATE - New
$2,199,900Active5 beds 5 baths4,918 sq. ft.44 Tranquility Lane, Destin, FL 32541
MLS# 996297Listed by: CENTURY 21 WIMCO REALTY INC - New
$1,250,000Active2 beds 2 baths1,362 sq. ft.1048 E Highway 98 #1502 W, Destin, FL 32541
MLS# 996272Listed by: SCENIC REAL ESTATE - New
$450,125Active3 beds 2 baths1,470 sq. ft.108 Bismark Boulevard #49, Destin, FL 32541
MLS# 996215Listed by: DR HORTON REALTY OF EMERALD COAST LLC - New
$431,125Active3 beds 2 baths1,459 sq. ft.108 Bismark Boulevard #50, Destin, FL 32541
MLS# 996221Listed by: DR HORTON REALTY OF EMERALD COAST LLC - New
$431,125Active3 beds 2 baths1,459 sq. ft.108 Bismark Boulevard #51, Destin, FL 32541
MLS# 996223Listed by: DR HORTON REALTY OF EMERALD COAST LLC - New
$431,125Active3 beds 2 baths1,459 sq. ft.108 Bismark Boulevard #52, Destin, FL 32541
MLS# 996225Listed by: DR HORTON REALTY OF EMERALD COAST LLC - New
$1,150,000Active2 beds 2 baths1,362 sq. ft.1050 E Highway 98 #605E, Destin, FL 32541
MLS# 996168Listed by: SCENIC REAL ESTATE