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$1,850,000
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Property Description
Situated in the heart of Destin at 1004 E Hwy 98, this property offers unmatched visibility and a premier location directly across from the iconic Big Kahuna's Water Park. This sale is for the real estate only not the business, making it a rare chance to secure a solid investment in one of Florida's most desirable commercial corridors. The building is currently occupied by a long-term tenant, providing immediate rental income and stability for the new owner. With high daily traffic counts on Hwy 98, your investment is positioned in one of the most traveled and recognizable stretches of Destin. The area is continuously ranked among the fastest-growing destinations on the Gulf Coast, fueled by thriving tourism, a strong local economy, and ongoing development. This prime location sits in the middle of it all surrounded by hotels, restaurants, retail, and entertainment offering endless opportunity for future growth and appreciation. Whether you're looking to diversify your investment portfolio, secure a steady income-producing asset, or position yourself for the future of Destin's commercial expansion, this property delivers unmatched potential.
Full Property Details
Full Property Details for 1004 Hwy 98 E
General
- Sold For: $1,850,000
- Status: Closed
- Type: Commercial
- Source: 933
- MLS ID: 323905
- Added to Site: 141 day(s) ago
Interior
- Furnishings: Unfurnished
Location
- Area: Other Counties
- Subdivision: No Named Subdivision
- Driving Directions: Headed east on Hwy 98 E property will be located on the right hand side between S. Mattie Kelly Blvd and Gulf Shores Drive
Heating & Cooling
- Cooling Type: Central Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Internet Available, Phone Connected, Sewer Connected, Water Connected
Structural Information
- Construction Status: Construction Complete
- Ceiling Height: 10
- Square Feet: 144
- Living Area: 3,699 Sq. Ft.
- Year Built: 1985
Unit Information
- Occupancy Rate: Tenant
Lot Features
- Lot Dimensions: IRR
- Frontage: 128
Disclosures and Reports
- Legal Description: COM INTER S R/W HWY 98 & E LINE OF W2500 FT BETWEEN SILVER BCH & 2ND EAST PASS ADD N75 DEG W48 FT TO POB CONT W129 FT S196 FT E122 FT N166 FT TO POB AS
Listed by Nonmember Office
Sold by Anchor Realty Florida
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Schools
Schools serving 1004 Hwy 98 E
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 1.5 mi |
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 3 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 10.1 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 1004 Hwy 98 E
Date
Details
Price
Change
Source
8/28/2025
Sold
$1,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1004 Hwy 98 E, Destin, FL 32541 (MLS# 323905) is a Commercial property that was sold at $1,850,000 on August 28, 2025. Want to learn more about 1004 Hwy 98 E? Do you have questions about finding other Commercial real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

