Pelican Cove Townhomes Homes for Sale

Living in Pelican Cove Townhomes

Okaloosa County's parcel layer groups 18 parcels under series 01-2S-24-4818, all legally named Pelican Cove, and together they cover 1.75 acres. Seventeen are townhouse lots. The eighteenth is a 0.91-acre common area, slightly more than half the plat. Ten lots carry odd Placid Drive numbers from 2381 to 2399, five carry even numbers from 2384 to 2392, and Lots 16 and 17 are addressed 941 and 939 Harrelson Drive. The county dates every one of the seventeen homes to 1997.

In the USGS hydrography, Choctawhatchee Bay meets the common-area parcel and no lot, so the drawn water reaches the shared ground before any homesite, and Lots 1 through 9 sit about 38 to 49 feet back from that drawn shoreline. Four lot legals name a boat slip: Lot 1 with slip 4, Lot 2 with slip 3, Lot 3 with slip 6 and Lot 14 with slip 2. The county prints an abbreviated legal for each parcel, and Lot 7's added metes-and-bounds strip is visibly cut off mid-call, so silence on the other thirteen lots does not prove they hold no slip. That question is settled by the recorded deed and any slip assignment for the specific lot.

FEMA's National Flood Hazard Layer puts special flood hazard ground on all seventeen lots, though not evenly. Zone AE with a 10-foot base flood elevation covers the whole of Lots 1 through 9 and part of Lot 10, while the rest of Lot 10 and all of Lots 11 and 12 carry the 9-foot figure. Lots 13 through 15 are mostly AE at 9 feet with shaded Zone X, the 0.2 percent annual chance area, along part of each, and the two Harrelson Drive lots reverse that split, keeping AE on only about an eighth of their ground. The common area adds Zone VE at 13 feet across roughly an eighth of its own parcel.

Fort Walton Beach is the postal name only: the county's city-limit layer returns unincorporated ground at a point inside each of the 18 parcels, so no city boundary contains the plat. Listing records searched on September 24, 2026 tie ten closed sales to the Pelican Cove name, the earliest on January 31, 2016 and the latest on June 22, 2025, and show no home for sale that day. For the common area, the tax roll's owner of record reads Pelican Cove Owners Assc. Florida's corporation registry lists a not-for-profit corporation called Pelican Cove Owners Association, filed September 22, 1997 and active as of October 17, 2026, with a principal address on Placid Drive inside the subdivision. That entry is silent on upkeep duties, charges, who may tie up at a numbered slip and what leasing limits apply, so the recorded declaration and the association itself have to answer those.