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$495,000 Just Listed

  • For Sale
  • Active
  • Condo / Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,289 Sq. Ft.
  • Updated 6 days ago
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Welcome to South Bay by the Gulf. Please consider this beautifully maintained condo in the South Bay by the Gulf community in the heart of Destin, Florida. This 1,289 square foot, 3-bedroom, 2.5-bath unit offers an ideal opportunity as a full-time or second home, or short-term vacation rental. Positioned on 14 acres, this family-friendly community of 109 townhomes stretches from Highway 98 to the Gulf of Mexico, enjoying 300 feet of private, deep white sand beach along a low-density shoreline. The unit features an open living and dining floor plan with a sleeper sofa, a fully equipped kitchen, a private landscaped patio, an in-unit washer and dryer, and a functional bedroom layout including a primary suite with private bath, two guest bedrooms, a shared full bath, and a downstairs half-bath. Community amenities include two swimming pools (one seasonally heated), private beach access, a 5-acre freshwater lake stocked with turtles and ducks, a kiddie pool, grilling areas, tennis and pickleball courts, shuffleboard, and beachside volleyball. Conveniently located to Big Kahuna's Water & Adventure Park and just minutes from popular Destin dining and entertainment such as McGuire's Irish Pub, AJ's Seafood & Oyster Bar, and Margaritaville, this property combines coastal lifestyle appeal with strong rental and investment potential.

Full Property Details for 940 Hwy 98 #UNIT 16

General

  • Price: $495,000
  • Taxes: $4,441 (2025)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 994642
  • Updated: 2/5/2026
  • Added to Site: 6 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Dining Room, Kitchen, Master Bedroom
  • Interior Features: Floor Tile, Owner's Closet, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Kitchen: Kitchen
  • Dining Room: Dining Room

Additional Information

  • Shared Amenities: Deed Access, Pool, Short Term Rental - Allowed, Tennis
  • Pool: Yes

Exterior

  • Exterior Features: Patio Open, Porch

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: South Bay By The Gulf
  • Driving Directions: Located on the south side of HWY 98, across from Jimmy John's, between Sunsations and Shores Shopping Center. Going east on HWY 98 make a right into South Bay entrance. Unit is located in the first complex on your right next to the entrance of South Bay.

School Information

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

Heating & Cooling

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

Utilities

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

Structural Information

  • Construction: Frame, Siding Wood
  • Stories/Levels: 0
  • Stories in Building: 2
  • Square Feet: 1,289
  • Sq. Ft. Source: County PA Records
  • Year Built: 1974

Unit Information

  • Units in Building: 8

Financial Considerations

  • Assessment Amount: $860
  • Assmt Payment Freq: Monthly
  • Tax Amount: $4,441
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SOUTHBAY BY THE GULF UNIT B-7
  • Assessment: Yes
  • APN: 00-2S-22-4200-00B7-0000

Listed by Taylor Allen Properties LLC

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Listing agent

— 940 Hwy 98 #UNIT 16 —

  • Taylor Allen Properties 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 Hwy 98 #UNIT 16

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 Hwy 98 #UNIT 16 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Listed
$495,000
8.79%
MLS
5/19/2022
Sold
$455,000
—
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 940 Hwy 98 #UNIT 16

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,441
—
$375,000
—
2024
$4,442
-1%
$375,000
—
2023
$4,480
78%
$375,000
79%
2021
$2,518
-12%
$210,000
-19%
2022
$2,847
13%
$260,000
41%
2021
$2,518
18%
$185,000
14%
2019
$2,136
5%
$162,140
10%
2018
$2,036
16%
$147,400
10%
2017
$1,751
1%
$134,000
—
2016
$1,741
-8%
$134,000
5%
2015
$1,888
—
$128,000
—
2014
$1,893
9%
$128,000
12%
2013
$1,734
—
$114,000
—
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 Hwy 98 #UNIT 16

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Taylor Allen Properties LLC

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940 Highway 98 #UNIT 16, Destin, FL 32541 (MLS# 994642) is a Condo / Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 940 Highway 98 #UNIT 16 is currently listed for $495,000 and was received on February 05, 2026. Want to learn more about 940 Highway 98 #UNIT 16? 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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