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498 Shelter Cove Drive, Santa Rosa Beach, FL 32459

$1,420,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,224 Lot Size (sq. ft.): 13,504 Status: Active
Current Price: $1,420,000 List Date: 11/01/2025 Last Modified: 2/12/2026

Description

Bayfront Beauty with Custom Features & Breathtaking Views! Don't miss this rare opportunity to own an award-winning, custom-built bayfront home with 85 feet of stunning waterfront. This 3-bedroom, 2.5-bath gem is designed for both comfort and style, featuring a spacious open floor plan, cathedral ceilings, and panoramic bay views that set the scene for peaceful living and elegant entertaining. The gourmet kitchen boasts granite countertops, custom cabinetry, and plenty of space for gathering. Retreat to the master suite and enjoy your private slice of paradise with a tray ceiling, large walk-in closet, and a gorgeous view of the bay to wake up to every morning.

Supplements: This home is packed with premium upgrades, including: WaterFurnace geothermal HVAC system Storm shutters & 8-ft wind-rated garage door (perfect for oversized vehicles) Whole-house generator Built-in pest deterrent system Irrigation and security systems And for boating enthusiasts  there is a boat dock that comes equipped with a boat lift, making it easy to get out on the water at a moment's notice. This home is the ideal blend of luxury, durability, and waterfront living. Schedule your private tour today and experience bayfront living at its finest!

More Information MLS# 974724

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 638.49 List Date: 2025-04-18 Current Price: $1,420,000 List Price: $1,420,000

Location, Tax and Legal

Sub Area: 1601 - SRB NW of Hwy 98 to Church Hill Bayou Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: LOT 7 PELICAN BAY PHASE 1 S/D OR 1414-212 OR 1900-390 OR 2254-234 OR 2289-1632 OR 2770-1240

General Property Info

Sub-Type: Detached Single Family Design: Contemporary SqFt Source: County PA Records Immediate Occupancy: Yes Garage: Yes Carport: No Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 2224 Bedrooms: 3 Full Baths: 2 Half Baths: 1 Total Bathrooms: 3 # Stories: 2 Year Built: 2001 Garage Spaces: 2 Acreage: 0.31

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 625 Annual Assessment Amount: 625 Assessment Paid: Annually New Buyer Fee: Yes New Buyer Fee Amt: 1250 New Buyer Fee Paid: $ Last Taxes: 8590 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Bayfront Beauty with Custom Features & Breathtaking Views! Don't miss this rare opportunity to own an award-winning, custom-built bayfront home with 85 feet of stunning waterfront. This 3-bedroom, 2.5-bath gem is designed for both comfort and style, featuring a spacious open floor plan, cathedral ceilings, and panoramic bay views that set the scene for peaceful living and elegant entertaining. The gourmet kitchen boasts granite countertops, custom cabinetry, and plenty of space for gathering. Retreat to the master suite and enjoy your private slice of paradise with a tray ceiling, large walk-in closet, and a gorgeous view of the bay to wake up to every morning.

Waterfront

Bay: 1 Waterfront Feet: 85

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Waterview

Bay: 1

Lot Features

Dead End: 1 Within 1/2 Mile to Water: 1

Project Facilities

Gated Community: 1 Pool: 1

Construction/Siding

Stucco: 1

Utilities

Electric: 1 Public Water: 1 Septic Tank: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Exterior

Porch Screened: 1 Sprinkler System: 1

Interior

Ceiling Tray/Cofferd: 1 Ceiling Vaulted: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1 FHA: 1 VA: 1

Appliances

Auto Garage Door Opn: 1 Central Vacuum: 1 Dishwasher: 1 Dryer: 1 Refrigerator: 1 Stove/Oven Electric: 1 Washer: 1

Energy

Geothermal: 1

Master Bedroom

First: 1

Bedroom

Second: 1

Living Room

First: 1

Rooms

Bedroom: 1 Bonus Room: 1 Living Room: 1 Master Bedroom: 1

Fees Include

Recreational Faclty: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 16 - North Santa Rosa Beach Street #: 498 Street Name: Shelter Cove Street Suffix: Drive State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: Pelican Bay Parcel ID: 24-2S-21-42800-000-0070

Property Features

Construction Status: Construction Complete Lot Features: Dead End; Within 1/2 Mile to Water Zoning: Resid Single Family Waterfront: Bay Waterview: Bay Parking Features: Garage Attached Project Facilities: Gated Community; Pool Exterior: Porch Screened; Sprinkler System Interior: Ceiling Tray/Cofferd; Ceiling Vaulted; Washer/Dryer Hookup Appliances: Auto Garage Door Opn; Central Vacuum; Dishwasher; Dryer; Refrigerator; Stove/Oven Electric; Washer Utilities: Electric; Public Water; Septic Tank; TV Cable Energy: Geothermal Master Bedroom: First Bedroom: Second Living Room: First Rooms: Bedroom; Bonus Room; Living Room; Master Bedroom Financing: Conventional; FHA; VA Fees Include: Recreational Faclty

Room Information

Living Room Level: First Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Master Bedroom Level: First Dimensions: 20 x 15 Length: 20.00 Width: 15.00 Dimensions: 20 x 15 Bedroom Level: Second Dimensions: 15 x 11 Length: 15.00 Width: 11.00 Dimensions: 15 x 11 Bedroom Level: Second Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Bonus Room Level: Second Dimensions: 15 x 15 Length: 15.00 Width: 15.00 Dimensions: 15 x 15
Listing Office: Realty ONE Group Emerald Coast
Last Updated: February - 12 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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