Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,500,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,224 Sq. Ft.
See This Home
Save This Home
See This Home
Save This Home
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. 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!

Full Property Details for 498 Shelter Cove Dr

General

  • Price: $1,500,000
  • Taxes: $8,590 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 974724
  • Updated: 11/1/2025
  • Added to Site: 269 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Bonus Room, Living Room, Master Bedroom
  • Interior Features: Ceiling Tray/Cofferd, Ceiling Vaulted, Washer/Dryer Hookup
  • Appliances: Auto Garage Door Opn, Central Vacuum, Dishwasher, Dryer, Refrigerator, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Living Room: Living Room

Additional Information

  • Shared Amenities: Gated Community, Pool

Exterior

  • Exterior Features: Porch Screened, Sprinkler System

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage Attached

Location

  • Area: 16 - North Santa Rosa Beach
  • County: Walton
  • Subdivision: Pelican Bay
  • Driving Directions: Hwy 98 to Goldsby Road North. Left onto Shelter Cove Drive. Home is on right.

School Information

  • Elementary School: Van R Butler
  • Middle School: Emerald Coast
  • High School: South Walton

Heating & Cooling

  • Heating/Cooling: Geothermal

Utilities

  • Utility Description: Electric, Public Water, Septic Tank, TV Cable

Structural Information

  • Architectural Style: Contemporary
  • Construction: Stucco
  • Stories/Levels: 2
  • Square Feet: 2,224
  • Sq. Ft. Source: County PA Records
  • Year Built: 2001

Lot Features

  • Property View: Bay
  • Lot Size (Acres): 0.31
  • Lot Dimensions: 85 x 158
  • Lot Features: Dead End, Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Water Features

  • Water Front Type: Bay

Financial Considerations

  • Assessment Amount: $625
  • Assmt Payment Freq: Annually
  • Tax Amount: $8,590
  • Tax Year: 2024
  • Terms: Conventional, FHA, VA

Disclosures and Reports

  • 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
  • Assessment: Yes
  • APN: 24-2S-21-42800-000-0070

Listed by Realty ONE Group Emerald Coast

Quickly Find Out More

* Indicates a required field

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 Send Message, 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 an 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.

We Value Your Privacy

Listing agent

— 498 Shelter Cove Dr —

  • Realty ONE Group Emerald Coast

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 498 Shelter Cove Dr

School District:Walton County School District
NameGradesDistance
Van R. Butler Elementary School
6694 West County Highway 30A, Santa Rosa Beach, FL 32459
K-53.5 mi
Emerald Coast Middle School
4019 US Highway 98 East, Santa Rosa Beach, FL 32459
6-811.4 mi
South Walton High School
645 Greenway Trail, Santa Rosa Beach, FL 32459
9-127.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 498 Shelter Cove Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/10/2025
Price Reduced
$1,500,000
-6.19%
MLS
7/01/2025
Price Reduced
$1,599,000
-8.63%
MLS
4/24/2025
Listed
$1,750,000
137.13%
MLS
12/12/2018
Sold
$738,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 498 Shelter Cove Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,340
—
$1,009,854
3%
2024
$8,340
10%
$983,610
10%
2023
$7,553
22%
$897,173
40%
2021
$6,186
-21%
$639,091
-36%
2022
$7,796
26%
$995,113
65%
2021
$6,186
6%
$603,057
3%
2019
$5,830
46%
$587,027
34%
2018
$3,997
3%
$438,187
2%
2017
$3,886
1%
$429,174
2%
2016
$3,836
-1%
$420,347
1%
2015
$3,868
-1%
$417,425
1%
2014
$3,891
1%
$414,112
2%
2013
$3,855
—
$407,992
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 498 Shelter Cove Dr

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Realty ONE Group Emerald Coast

Similar Properties near 498 Shelter Cove Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

61 Rue Caribe, Miramar Beach, FL 32550 - Photo 1 Price Reduced
-$39,000 (-2.47%)
$1,540,000

61 Rue Caribe  Miramar Beach, FL 32550

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,430
    Sq. Ft.
156 N Bishop Road N, Santa Rosa Beach, FL 32459 - Photo 1
$1,599,000

156 N Bishop Road N  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • 3
    Beds
  • 3
    Total Baths
  • 2,408
    Sq. Ft.
294 W Point Washington Road W, Santa Rosa Beach, FL 32459 - Photo 1
$1,445,000

294 W Point Washington Road W  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • Updated 10 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,068
    Sq. Ft.
368 Ridgewalk Cir, Santa Rosa Beach, FL 32459 - Photo 1
$1,599,000

368 Ridgewalk Cir  #Lot 44B  Santa Rosa Beach, FL 32459

  • Single Family
  • Active
  • 3
    Beds
  • 3
    Total Baths
  • 2,279
    Sq. Ft.

Just Listed near 498 Shelter Cove Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

9700 Grand Sandestin Blvd, Miramar Beach, FL 32550 - Photo 1 Just Listed
$359,000

9700 Grand Sandestin Blvd  #4329  Miramar Beach, FL 32550

  • Condo / Townhouse
  • Active
  • Updated 4 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 870
    Sq. Ft.
Listed by Kim Hunter (850) 597-4560
2031 Pine Island Cir, Miramar Beach, FL 32550 - Photo 1 Just Listed
$1,294,400

2031 Pine Island Cir  Miramar Beach, FL 32550

  • Single Family
  • Active
  • Updated 3 days ago
  • 5
    Beds
  • 6
    Total Baths
  • 3,348
    Sq. Ft.
125 Los Angeles St, Miramar Beach, FL 32550 - Photo 1 Just Listed
$2,499,900

125 Los Angeles St  Miramar Beach, FL 32550

  • Single Family
  • Active
  • Updated 3 days ago
  • 7
    Beds
  • 8
    Total Baths
  • 4,220
    Sq. Ft.
405 Linkside Ln, Miramar Beach, FL 32550 - Photo 1 Just Listed
$670,000

405 Linkside Ln  Miramar Beach, FL 32550

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,560
    Sq. Ft.

Price Reduced near 498 Shelter Cove Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

333 Holley Grove Ln, Point Washington, FL 32459 - Photo 1 Price Reduced
-$6,355 (-1.23%)
$509,900

333 Holley Grove Ln  Point Washington, FL 32459

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,108
    Sq. Ft.
313 Holley Grove Ln, Point Washington, FL 32459 - Photo 1 Price Reduced
-$6,355 (-1.23%)
$509,900

313 Holley Grove Ln  Point Washington, FL 32459

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,108
    Sq. Ft.
11275 Emerald Coast Pkwy, Miramar Beach, FL 32550 - Photo 1 Price Reduced
-$1,600,000 (-16.84%)
$7,900,000

11275 Emerald Coast Pkwy  Miramar Beach, FL 32550

  • Commercial
  • Active
9815 W US Hwy 98 W, Miramar Beach, FL 32550 - Photo 1 Price Reduced
-$10,000 (-2.13%)
$459,000

9815 W US Hwy 98 W  #Unit 126  Miramar Beach, FL 32550

  • Condo / Townhouse
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,206
    Sq. Ft.

Recent Sales near 498 Shelter Cove Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

156 Beacon Point Dr, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$1,345,000

156 Beacon Point Dr  Santa Rosa Beach, FL 32459

  • Single Family
  • Closed
  • 4
    Beds
  • 5
    Total Baths
  • 3,260
    Sq. Ft.
1158 Mack Bayou Rd, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$1,725,000

1158 Mack Bayou Rd  Santa Rosa Beach, FL 32459

  • Single Family
  • Closed
  • 5
    Beds
  • 4
    Total Baths
  • 2,672
    Sq. Ft.
1158 Mack Bayou Rd, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$1,287,500

1158 Mack Bayou Rd  Santa Rosa Beach, FL 32459

  • Single Family
  • Closed
  • 5
    Beds
  • 4
    Total Baths
  • 2,672
    Sq. Ft.
2512 Vineyard Ln, Miramar Beach, FL 32550 - Photo 1 Sold
$1,480,000

2512 Vineyard Ln  Miramar Beach, FL 32550

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,985
    Sq. Ft.

498 Shelter Cove Drive, Santa Rosa Beach, FL 32459 (MLS# 974724) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 498 Shelter Cove Drive is currently listed for $1,500,000 and was received on April 24, 2025. Want to learn more about 498 Shelter Cove Drive? Do you have questions about finding other Single Family real estate for sale in Santa Rosa Beach? You can browse all Santa Rosa Beach real estate or contact a Coldwell Banker agent to request more information.

Tour this property