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1002 Highway 98 #UNIT 1912, 
Destin, FL 32541

$645,000


2

Beds


2

Baths


924

Sq Ft


Condo

Active

Listed by

At The Beach Team

John P Moran

Keller Williams Realty Destin

Last updated:

January 3, 2026, 04:01 PM

MLS#

992010

Source:

FL ECAR

About This Home

1002 Highway 98 #UNIT 1912

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.

Home Facts

Condo

2 Baths

2 Bedrooms

Built in 1998

Price Summary

645,000

$698 per Sq. Ft.

MLS #:

992010

Last Updated:

January 3, 2026, 04:01 PM

Added:

15 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

924 Sq. Ft.


Structure

Structure

Building Area:

924 Sq. Ft.

Year Built:

1998


Finances & Disclosures

Finances

Price:

$645,000

Price per Sq. Ft:

$698 per Sq. Ft.

Source:FL ECAR
The information being provided by Emerald Coast Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast Association Of REALTORS®. Keller Williams Realty Destin is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Realty Destin, a broker participant of Emerald Coast Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Emerald Coast Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Emerald Coast Association Of REALTORS®. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.