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$538,500

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,289 Sq. Ft.
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Here is your chance to own the nicest unit available in Southbay! This beautifully renovated / fully furnished 3BD/2.5BA Townhome (1289 sq. ft.) in Southbay by the Gulf. This unit features 2 stories with a large, open floor plan on the main level and3 bedrooms upstairs with a complete renovation in 2023. Nearly everything is new. As a self managed STR, this did $58K in 2024 at only 50% occupancy. Sellers also use it a good amount. Remove owner usage to rent it more aggressively and watch the revenue climb!! Easy beach access as well as a quick drive to everything Destin has to offer. You will love all the new features: New painting, Murals done, panels done, New furniture and beds except for bunk beds, HVAC system replaced, New washing machine, New kitchen burner, Schlage door lock, Ring door camera and ring perimeter camera. HOA installed a new ball and tennis court, New walking bridge and new roof on the property.

Full Property Details for 940 Hwy 98 #Unit 36

General

  • Price: $538,500
  • Status: Active
  • Type: Townhouse
  • Source: Emerald_Coast
  • MLS ID: 990969
  • Updated: 12/12/2025
  • Added to Site: 40 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Kitchen, Living Room, Master Bedroom
  • Interior Features: Floor Laminate, Furnished - All, Newly Painted, Renovated, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, 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
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Beach, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Short Term Rental - Allowed, Tennis, TV Cable
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, Deck Open, Pool - Heated, Pool - In-Ground, Tennis Court

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: South Bay By The Gulf
  • Driving Directions: Traveling east on HWY 98 go through Gulf Shore Drive intersection, and just pastWEST MARINE make a right into South Bay. Traveling west on HWY 98 go past PANCAKERY and make a left into South Bay. Go approx. 1 block and the unit is on your right across from the lakefront units.

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

  • Architectural Style: Townhome
  • Construction: Frame, Roof Composite Shngl, Siding Wood, Slab
  • Stories/Levels: 2
  • Square Feet: 1,289
  • Sq. Ft. Source: County PA Records
  • Year Built: 1975

Lot Features

  • Property View: Lake
  • Lot Features: Within 1/2 Mile to Water
  • Zoning: Resid Multi-Family

Financial Considerations

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

Disclosures and Reports

  • Legal Description: SOUTHBAY BY THE GULF UNIT F-3
  • Assessment: Yes
  • APN: 00-2S-22-4200-00F3-0000

Listed by EXP Realty LLC

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Listing agent

— 940 Hwy 98 #Unit 36 —

  • EXP Realty 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 36

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 36 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/08/2025
Listed
$538,500
-1.55%
MLS
4/14/2023
Sold
$547,000
—
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 36

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,441
—
$375,000
—
2024
$4,442
14%
$375,000
—
2023
$3,904
244%
$375,000
190%
2021
$1,135
-64%
$129,419
-50%
2022
$3,133
176%
$260,000
104%
2021
$1,135
3%
$127,632
2%
2019
$1,103
1%
$124,762
2%
2018
$1,089
1%
$122,436
2%
2017
$1,078
3%
$119,918
2%
2016
$1,049
-17%
$117,452
1%
2015
$1,257
—
$116,636
1%
2014
$1,260
1%
$115,710
2%
2013
$1,247
—
$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 36

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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

Get Pre-Approved

Listed by EXP Realty LLC

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940 Highway 98 #Unit 36, Destin, FL 32541 (MLS# 990969) is a Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 940 Highway 98 #Unit 36 is currently listed for $538,500 and was received on December 08, 2025. Want to learn more about 940 Highway 98 #Unit 36? Do you have questions about finding other 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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