NOT LISTED FOR SALE

1048 Highway 98 E Unit 106 Destin, FL 32541

Estimated Value: $982,000 - $1,075,861

2 Beds
2 Baths
1,672 Sq Ft
$651/ mo HOA Fee

Last Sold February 27, 2020

Last sale price $677,000 $405 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,858/month

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Fishing
  • Destin Elementary School Rated A-
  • Heated In Ground Pool
  • Primary Bedroom Suite

About This Home

As of February 2020

TOTALLY RENOVATED ground floor Penthouse! New flooring, appliances, A/C, furniture and paint. This condo boasts 1672 sq ft. Other 2/2's in this luxury tower are approximately 1380 sq ft. This property is suitable for full time living. As an investment vacation rental income for 2017/18 grossed approx.$52,800, projections for 2019 are approximately $60K. Priced at over $100.00 per sq ft less than the next listed 2/2 at Sliver Beach this unit has great upside potential. It sold at $1.70M in '04. Parking, secure gated, covered assigned, additional parking within a few steps to private building access via electronic fob, on-site security, 2 pools, spas, and tennis. Located in the heart of Destin makes this property convenient to everything Destin has to offer. Gulf front bedroom with a king bed. Master bath with jetted tub and separate shower. One of the closets could double as an office! The second large bedroom is furnished with two queen beds and has a private bathroom.

Granite counter tops and stainless appliances in the kitchen with a huge laundry room. An oversized private patio puts you steps from high end grills, pools and a gated beach access!

Silver Beach Towers is one of the nicest condo resorts in Destin. A must see! Owner is a licensed Florida Realtor.

Last Agent to Sell the Property

Skip Miller

Better Homes and Gardens Real Estate Emerald Coast License #3049924 Listed on: 01/30/2020

Better Homes and Gardens Real Estate Emerald Coast

Last Buyer's Agent

Jake Cole

Christies International Real Estate Emerald Coast License #3317182

Christies International Real Estate Emerald Coast

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • Property fronts gulf or ocean
  • Property is Fully Fenced

HOA Fees

  • $651 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Guest Parking

Home Design

  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,672 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Double Pane Windows
  • Tinted Windows
  • Window Treatments
  • Entrance Foyer
  • Dining Room
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer

Home Security

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2317-00PH-0106

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, internet service, legal, management, sewer, water, cable TV, trash
  • Silver Beach Towers Subdivision
  • Handicap Modified Features In Community
  • 19-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Elevator
  • Community Storage Space

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Community Whirlpool Spa
  • Fishing

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Building Fire Alarm
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2004 | Remodeled

Lot Details

0.37 Acres

HOA Fees

$651 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: EBET
  • Co List Office Phone: 850-837-8880
  • Subdivision Name: SILVER BEACH TOWERS
  • Directions: Hwy 98 and Airport Road direct gulf front. Across the street from the newly opened Mary's Kitchen. The West tower is on the right as you drive into the complex.
  • Architectural Style: N/A
  • New Construction: No
  • Building Stories: 19
  • Year Built: 2004
  • Remarks Misc:Remarks: TOTALLY RENOVATED ground floor Penthouse! New flooring, appliances, A/C, furniture and paint. This condo boasts 1672 sq ft. Other 2/2's in this luxury tower are approximately 1380 sq ft. This property is suitable for full time living. As an investment vacation rental income for 2017/18 grossed approx.$52,800, projections for 2019 are approximately $60K. Priced at over $100.00 per sq ft less than the next listed 2/2 at Sliver Beach this unit has great upside potential. It sold at $1.70M in '04. Parking, secure gated, covered assigned, additional parking within a few steps to private building access via electronic fob, on-site security, 2 pools, spas, and tennis. Located in the heart of Destin makes this property convenient to everything Destin has to offer. Gulf front bedroom with a king
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Rooms:Foyer: Yes
  • Rooms:Laundry2: Yes
  • Utilities:Underground: Yes
  • Energy:Tinted Windows: Yes
  • Special Features: None
  • Stories: 19

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Fireplace 2+, Floor Marble, Floor WW Carpet, Furnished - All, Lighting Recessed, Owner's Closet, Pantry, Renovated, Washer/Dryer Hookup, Window Treatment All
  • Stories: 19
  • Window Features: Double Pane Windows, Tinted Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Floor Marble: Yes
  • Interior:Fireplace 2: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Fenced Lot-All, Hot Tub, Patio Covered, Pool - Heated, Pool - In-Ground, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Tennis Court: Yes
  • Exterior:Fenced Lot-All: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Covered, Guest
  • Parking Features:Guest: Yes
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Dumpster, Elevators, Fishing, Gated Community, Handicap Provisions, Pets Allowed, Picnic Area, Pool, Separate Storage, Tennis, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 1953.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-2317-00PH-0106
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2025
Sold by
Borra Jeffrey and Borra Chelsea
Bought by
Td Kitkat Llc
Current Estimated Value
$1,012,715

Purchase Details

Closed on
Jul 28, 2023
Sold by
Anderson Christopher W and Anderson Jill
Bought by
Borra Jeffrey and Borra Chelsea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2020
Closed on
Feb 25, 2020
Sold by
Henry Holdings Llc
Bought by
Anderson Christopher W and Bouler Jill J
Seller's Agent
Skip Miller
Better Homes and Gardens Real Estate Emerald Coast
Buyer's Agent
Jake Cole
Christies International Real Estate Emerald Coast
List Price
$677,000
Sold Price
$677,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$541,600
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2012
Sold by
U S Bank National Association
Bought by
Henry Holdings Llc and Miller David L

Purchase Details

Closed on
Mar 26, 2010
Sold by
Bloom Ryan
Bought by
Silver Beach Towers West
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Td Kitkat Llc $999,000 Beach Land And Title Services
Td Kitkat Llc $999,000 Beach Land And Title Services
Borra Jeffrey $1,035,000 Vintage Title & Escrow
Borra Jeffrey $1,035,000 Vintage Title & Escrow
Anderson Christopher W $677,000 None Available
Anderson Christopher W $677,000 None Available
Henry Holdings Llc $400,000 Stewart Title Company
Henry Holdings Llc $400,000 Stewart Title Company
Silver Beach Towers West $6,500 None Available
Silver Beach Towers West $6,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borra Jeffrey $828,000
Previous Owner Anderson Christopher W $541,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2020 02/27/20 Sold $677,000 0.0% $405 / Sq Ft
01/30/2020 01/30/20 For Sale $677,000 -- $405 / Sq Ft
12/15/2019 12/15/19 Pending -- -- --
Source: Emerald Coast Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,251 $950,000 -- $950,000
2024 $9,305 $920,000 -- $920,000
2023 $9,305 $920,000 $0 $920,000
2022 $7,339 $620,000 $0 $620,000
2021 $6,768 $545,000 $0 $545,000
2020 $6,569 $525,000 $0 $525,000
2019 $6,659 $525,000 $0 $525,000
2018 $6,703 $522,000 $0 $0
2017 $6,822 $522,000 $0 $0
2016 $6,780 $522,000 $0 $0
2015 $6,783 $512,000 $0 $0
2014 $6,620 $497,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 810657

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2317-00PH-0106

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