521 Shelter Cove Dr, Santa Rosa Beach, FL, 32459
About This Home
Do you enjoy sitting on your porch and watching the dolphins play? Look no further - Welcome to this stunning, like-new home in the sought-after bay front community of Pelican Bay—designed with style, space, and flexibility for full-time living or the perfect second home. This beautifully crafted 5-bedroom, 3-bath residence features a thoughtfully planned layout with a first-floor primary suite, three additional bedrooms and a full bath on the main level, plus a spacious upstairs bedroom with its own full bath—ideal for guests or a private retreat. Enjoy open-concept living and dining areas, a large kitchen with ample cabinetry, a walk-in pantry, and easy flow for entertaining. Other standout features include an oversized two-car garage, additional parking, and a whole-house generator for added peace of mind. Located in Pelican Bay, a gated, boutique community amenities include a tennis and pickle ball court, bay front park , dock to fish, pull your boat up for loading and unloading, drop in your kayak or paddle board. All of this with LOW HOA fees about a mile to shopping, restaurants and entertainment at Grand Boulevard, as well as the hospital and just minutes to the beach.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Construction Complete
- Year built: 2020
Materials
- Roof: Metal
- Construction materials: Siding CmntFbrHrdBrd
Type & Style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Microwave,Range Hood,Tankless Water Heater
- Laundry features: Washer/Dryer Hookup
Bedroom
- Level: First
- Area: 169.36
- Dimensions: 14.6 x 11.6
Bedroom
- Level: First
- Area: 169.36
- Dimensions: 14.6 x 11.6
Bedroom
- Level: First
- Area: 329.7
- Dimensions: 21 x 15.7
Bedroom
- Level: Second
- Area: 467.82
- Dimensions: 20.7 x 22.6
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Dining Area
- Level: First
- Area: 92.4
- Dimensions: 8.4 x 11
Features
- Breakfast Bar,Bookcases,Split Bedroom
- Flooring: Vinyl,Carpet
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,783
- Total interior livable area: 2,783 sqft
Kitchen
- Level: First
- Area: 221
- Dimensions: 13 x 17
Living Room
- Level: First
- Area: 441
- Dimensions: 21 x 21
Master Bedroom
- Level: First
- Area: 282
- Dimensions: 15 x 18.8
Property
Details
- Parcel number: 242S21428000000140
- Zoning description: Resid Single Family
Features
- Stories: 2
- Patio & porch: Covered,Screened
- Exterior features: Columns,Lawn Pump,Sprinkler System,Rain Gutters
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- On waterfront: Yes
Lot
- Lot size: 0.30 Acres
- Features: Covenants,Flood Insurance Req,Level,Restrictions,Within 1/2 Mile to Water
- Lot size dimensions: 83 x 176 x 81 x 185
Parking
- Total spaces: 2
- Parking features: Garage Door Opener,Detached,Guest
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Coastal Flooding
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Walton County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $765 | $9,180 |
| Property Taxes | $602 | $7,224 |
| Electricity | $280 | $3,360 |
| Total | $6,197 | $74,364 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-27 | Price change | $949,900 |
| 2026-01-10 | Price change | $975,000 |
| 2025-10-21 | Price change | $985,000 |
| 2025-07-18 | Price change | $999,000 |
| 2025-06-30 | Price change | $1,050,000 |
| 2025-06-09 | Listed for sale | $1,100,000 |
| 2019-06-18 | Sold | $120,000 |
| 2017-10-20 | Sold | $97,000 |
| 2014-07-18 | Sold | $81,000 |
For Sale by Agent
View on Zillow