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$470,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,191 Sq. Ft.
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Welcome to your completely renovated 2 Bed, 2.5 Bath REO oasis in Destin. This turn-key unit features stunning views of the serene Lake of South Bay--perfect for a peaceful primary home or high-yield rental. The interior boasts a chic, modern makeover: LVP flooring throughout, fresh paint, and a chef-ready kitchen with elegant granite tops and brand-new stainless steel appliances. This unit was originally built in 1974 and is just under 1200sf. HOA has just installed a new dimensional shingle and continue to make updates to the exterior decking on many of these unit. A must see. Schedule your showing today!

Full Property Details for 940 E Hwy 98 E #UNIT 54

General

  • Price: $470,000
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 986331
  • Updated: 12/10/2025
  • Added to Site: 113 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Dining Area, Kitchen, Living Room
  • Interior Features: Floor Laminate, Floor Tile, Newly Painted, Pantry, Renovated, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Appliances: Dishwasher, Microwave, Smoke Detector, Stove/Oven Electric

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Fishing, Gated Community, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Pool, Separate Storage, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, Patio Open

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: South Bay By The Gulf #2
  • Driving Directions: From Hwy 98, Turn South at South Bay Sign. Follow to the end of the parking lot on the left. Unit is the end unit in the last bank of units on the left.

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect

Utilities

  • Utility Description: Electric, Public Sewer, Public Water, TV Cable

Structural Information

  • Construction: Roof Composite Shngl, Siding CmntFbrHrdBrd, Slab
  • Stories/Levels: 0
  • Stories in Building: 2
  • Square Feet: 1,191
  • Sq. Ft. Source: County PA Records
  • Year Built: 1974

Unit Information

  • Units in Building: 8

Lot Features

  • Property View: Lake

Water Features

  • Water Front Type: Lake

Financial Considerations

  • Assessment Amount: $860
  • Assmt Payment Freq: Monthly
  • Terms: Conventional, FHA, VA

Disclosures and Reports

  • Legal Description: SOUTHBAY BY THE GULF UNIT G-1
  • Assessment: Yes
  • APN: 00-2S-22-4200-00G1-0000

Listed by Assurance Realty of NWFL LLC

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Listing agent

— 940 E Hwy 98 E #UNIT 54 —

  • Assurance Realty of NWFL LLC

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 940 E Hwy 98 E #UNIT 54

School District:Okaloosa County School District
NameGradesDistance
Destin Elementary School
630 Kelly Street, Destin, FL 32541
PK-41.4 mi
Destin Middle School
4608 Legendary Marina Drive, Destin, FL 32541
5-83.4 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-129.8 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 940 E Hwy 98 E #UNIT 54 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/10/2025
Price Reduced
$470,000
-2.06%
MLS
11/01/2025
Price Reduced
$479,900
-2.04%
MLS
9/27/2025
Listed
$489,900
44.3%
MLS
11/05/2020
Sold
$339,500
—
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 940 E Hwy 98 E #UNIT 54

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,855
12%
$420,000
15%
2024
$4,324
5%
$365,000
4%
2023
$4,109
18%
$350,000
25%
2021
$3,477
-7%
$280,000
-11%
2022
$3,751
8%
$315,000
62%
2021
$3,477
48%
$195,000
5%
2019
$2,347
2%
$185,000
3%
2018
$2,311
4%
$180,000
6%
2017
$2,222
4%
$170,000
3%
2016
$2,143
-2%
$165,000
10%
2015
$2,180
—
$150,000
—
2014
$2,182
10%
$150,000
13%
2013
$1,991
—
$133,000
—
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 940 E Hwy 98 E #UNIT 54

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*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

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Listed by Assurance Realty of NWFL LLC

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940 E Highway 98 E #UNIT 54, Destin, FL 32541 (MLS# 986331) is a Condo / Townhouse property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 940 E Highway 98 E #UNIT 54 is currently listed for $470,000 and was received on September 27, 2025. Want to learn more about 940 E Highway 98 E #UNIT 54? Do you have questions about finding other Condo / Townhouse real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

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