$1,575,000
SOLD JUN 8, 2023

1048 Highway 98 E Unit 201 Destin, FL 32541

3 Beds
3 Baths
1,914 Sq Ft
$1,163/mo HOA Fee

Recently Sold

$823 Per Sq Ft

12% Below List Price

291 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Fishing
  • Destin Elementary School Rated A-
  • In Ground Pool
  • Vaulted Ceiling

About This Home

As of June 2023

unique opportunity to own an exquisitely furnished and never rented Second Floor 3 Bedroom, 3 Bath Gulf Front Condominium. this residence boasts 10 ft ceilings and 9 Ft sliding doors leading to your private Balcony overlooking the Emerald Green Waters of the gulf of Mexico, sugary white sand beaches, Swimming pools, waterfalls and Hot Tubs. imagine waking up in your gulf front master bedroom and listening to the waves gently lapping the shoreline while you watch the dolphins playing in the surf. grab a morning cup of coffee and enjoy the sights and sounds while sitting on your private balcony or sit on the custom Italian leather couches and chairs in your great room. this beautiful and unique home has designer touches throughout and is truly a unique opportunity for an owner looking for a home, second home or an investment property. this luxury Condominium features, custom italian leather couch and recliner, stainless appliances, upgraded laundry room with storage, poly wood patio furniture, tempur-pedic adjustable master bed, HDTV in all rooms, Havertys and J Miller Furniture throughout, Custom Drapes and Hunter Douglas Slider Drapes, Quartz and Granite countertops. Silver Beach Towers boasts gulf side swimming pools, waterfalls, hot tubs, grass play area, grilling areas, basketball goal, tennis court, deeded and covered owner/guest parking, enclosed and air conditioned hallways, lobby and owner storage areas, high speed elevators and so much more. Silver Beach Towers has long been known as the crown jewel of condominiums on the emerald coast by owners, guests and rental guests and its easy to see why. first class amenities in a gulf front community that is managed by on site management team makes for an exceptional and enjoyable experience. Silver Beach Towers Homeowners Association also derives income from ancillary business services offsetting HOA fees helping keep HOA fees lower and still providing unsurpassed and unrivaled service amenities and maintenance of the entire community.

Last Agent to Sell the Property

The Ketchersid Team

Corcoran Reverie Destin Listed on: 01/05/2023

Corcoran Reverie Destin

Co-Listed By

Bill Mitchell

The Ketchersid Group LLC License #702997

Last Buyer's Agent

Crystal Newborn

Red Hot Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,686

Year Built

  • Built in 2004

Lot Details

  • Property fronts gulf or ocean
  • Sprinkler System

HOA Fees

  • $1,163 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Flat Roof Shape
  • Flat Roof with Façade front
  • Membrane Roofing
  • Concrete Siding
  • Piling Construction

Interior Spaces

  • 1,914 Sq Ft Home
  • Furnished
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Entrance Foyer
  • Great Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Walk-In Pantry
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • Dressing Area
  • 3 Full Bathrooms
  • Cultured Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • In Ground Pool
  • Balcony
  • Terrace
  • Built-In Barbecue

Additional Homes

  • Dwelling with Separate Living Area

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2317-0000-0201

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, internet service, legal, licenses/permits, management, master, sewer, supplies, water, cable TV, trash
  • 96 Buildings
  • 96 Units
  • Silver Beach Towers Subdivision
  • 19-Story Property

Amenities

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

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Fishing

Security

  • Storm Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,686

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,163 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: EHJ1
  • Co List Office Phone: 850-424-3094
  • Subdivision Name: SILVER BEACH TOWERS
  • Directions: Centrally Located in Destin at the intersection of Hwy 98 and airport Road. From the Destin Bridge drive East-when you pass Big Kahunas Waterpark go to the next red light. silver beach will be on your right. from Mid Bay Bridge Turn Right, pass ''the Track'' and the next red light turn left. silver beach west is the building on your right.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2004
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Foyer: Yes
  • Rooms:Laundry2: Yes
  • Energy:Storm Windows: Yes
  • Rooms:Great Room: Yes
  • Rooms:Terrace: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 96
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Raised, Ceiling Tray/Cofferd, Floor Tile, Furnished - Some, Lighting Recessed, Owner's Closet, Pantry, Split Bedroom, Window Treatment All
  • Stories: 19
  • Window Features: Storm Window(s)
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Interior:Ceiling TrayCofferd: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Foundation On Piling, Roof Flat, Roof Membrane
  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - In-Ground, Separate Living Area, Sprinkler System, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Pool - In-Ground: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Tennis Court: Yes
  • ConstructionSiding:Roof Flat: Yes
  • Exterior:Separate Living Area: Yes

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Dumpster, Elevators, Fishing, Picnic Area, Pool, Separate Storage, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 3488.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Legal, Licenses/Permits, Management, Master Association, Sewer, Supplies, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-2317-0000-0201
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 96

Tax Info

  • Tax Annual Amount: 9686.19
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Jun 8, 2023
Sold by
Jones Russell E and Jones Deborah M
Bought by
Campbell Marlena Asevedo
Seller's Agent
The Ketchersid Team
Corcoran Reverie Destin
Buyer's Agent
Crystal Newborn
Red Hot Realty
List Price
$1,795,000
Sold Price
$1,575,000
Premium/Discount to List
-$220,000
-12.26%
Views
53
Current Estimated Value
$1,726,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,934
Avg. Annual Appreciation
3.48%
Original Mortgage
$1,102,500
Outstanding Balance
$1,078,977
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$615,559
Source: Public Records

Similar Homes in Destin, FL

  • 1048 U S 98 Unit 106W, Destin, FL 32541

    $1,199,000

    • 2 Beds
    • 2 Baths
    • 1,672 Sq Ft
    • 1048 U S 98
    • Unit 106W
    • Destin, FL

    Fully furnished and 300+ sq ft larger than any other 2-bedroom in the building, this rare corner unit includes a separate bunk room—offering more space, privacy, and rental appeal. A 2024 rental income of $108,886 proves its investment potential. Located on the first floor for easy access but set back from the pool for added peace, it also boasts assigned garage parking and near-entry

    Taylor Jernigan KELLER WILLIAMS REALTY GULF COAST

    Section Image
  • 1048 Highway 98 E Unit 106, Destin, FL 32541

    $1,199,000

    • 2 Beds
    • 2 Baths
    • 1,672 Sq Ft
    • 1048 Highway 98 E
    • Unit 106
    • Destin, FL

    Fully furnished and over 300 square feet larger than any other 2-bedroom in the building, this coastal retreat is in a league of its own. It’s also the only 2-bedroom unit with a separate bunk room — meaning more space, more privacy, and way more appeal for renters and guests. Whether you’re after a personal escape or a powerhouse investment, this property delivers. With $108,886 in rental income

    Amber Jernigan KELLER WILLIAMS REALTY GULF COAST

    Section Image
  • 1048 U S 98 Unit 1502, Destin, FL 32541

    $1,190,000

    • 2 Beds
    • 2 Baths
    • 1,362 Sq Ft
    • 1048 U S 98
    • Unit 1502
    • Destin, FL

    Searching for a sanctuary with unobstructed Gulf panoramas and the soothing sound of waves? This fully furnished 2-bedroom, 2-bath condo in Silver Beach Towers West offers just that! Expansive floor-to-ceiling glass sliders flood the living room with natural light, seamlessly connecting to an oversized balcony accessible from both bedrooms. Tiled flooring and neutral hues evoke coastal elegance

    Howard Dolgoff Emerald Coast Properties Inc

    Section Image
  • 1044 U S 98 Unit 101, Destin, FL 32541

    $1,390,000

    • 3 Beds
    • 3 Baths
    • 1,701 Sq Ft
    • 1044 U S 98
    • Unit 101
    • Destin, FL

    Exceptional Gulf-Front Condo in Emerald Towers!Experience coastal luxury in this beautifully remodeled and tastefully furnished 3-bedroom, 3-bathroom condo located in the highly sought-after Emerald Towers. This turn-key unit is being sold fully furnished and ready for immediate enjoyment or rental income.Step into the spacious open-concept living and dining area, complete with a built-in wet bar

    Ed Smith RE/MAX Coastal Properties

    Section Image
  • 1044 Highway 98 E Unit 806, Destin, FL 32541

    $1,595,000

    • 3 Beds
    • 3 Baths
    • 1,701 Sq Ft
    • 1044 Highway 98 E
    • Unit 806
    • Destin, FL

    $54,000 PRICE REDUCTION!!!Wake up every day to panoramic views of the sparkling Gulf in this stunning 3-bedroom, 3-bathroom luxury condo in the highly sought-after Emerald Towers. With 1,701 sq ft of thoughtfully designed living space and a 2016 full renovation, this residence offers an unparalleled blend of elegance, comfort, and breathtaking beauty.The open-concept floor plan invites

    Kenneth Frizzell Keller Williams Realty Destin

    Section Image
  • 1050 Highway 98 E Unit 502, Destin, FL 32541

    $1,125,000

    • 2 Beds
    • 2 Baths
    • 1,362 Sq Ft
    • 1050 Highway 98 E
    • Unit 502
    • Destin, FL

    Unit 502 E Silver Beach Towers is a lovely 2-bedroom, 2-bath Gulf front condo, nicely furnished, well-maintained, self-managed rental unit. Both bedrooms face the Gulf with balcony access. The open living, dining, and kitchen area offers Gulf views, tiled floors, a kitchen with stainless steel appliances, updated cabinets and a breakfast bar. The master bath has a jetted tub and updated walk-in

    Janette Klein Scenic Real Estate

    Section Image
  • 1050 Highway 98 E Unit 605, Destin, FL 32541

    $1,189,000

    • 2 Beds
    • 2 Baths
    • 1,362 Sq Ft
    • 1050 Highway 98 E
    • Unit 605
    • Destin, FL

    605 East Silver Beach Towers. This 2-bedroom, 2-bath condominium has both bedrooms facing the Gulf - a rare design for Gulf-front condos on the Emerald Coast. This property also provides panoramic beach views from the main living area. Features include tiled flooring in all main living areas, floor-to-ceiling doors/windows, access to the oversized balcony from both bedrooms & the living room,

    Janette Klein Scenic Real Estate

    Section Image
  • 1050 Highway 98 E Unit 306, Destin, FL 32541

    $1,749,000

    • 3 Beds
    • 3 Baths
    • 1,914 Sq Ft
    • 1050 Highway 98 E
    • Unit 306
    • Destin, FL

    Complete Remodel...it's all been done! Plus + Beachside food and beverage service now at Silver Beach Towers! Who wouldn't want yummy food and tasty frozen drinks delivered right to their beach chair? Offering panoramic views, this completely remodeled larger 3 bedroom gulf-front condo has a popular split floor plan. It is beautifully presented with all-new lighting, custom window treatments and

    Heather Williams Scenic Sotheby's International Realty

    Section Image
  • 1050 Highway 98 E Unit 1003, Destin, FL 32541

    $1,457,000

    • 3 Beds
    • 3 Baths
    • 1,790 Sq Ft
    • 1050 Highway 98 E
    • Unit 1003
    • Destin, FL

    This Beautiful 10th Floor Unit Condominium located in the Very Desirable community of Silver Beach Towers East with mesmerizing 180 degree beach views east and west. An entire wall of floor to ceiling windows provide nothing but water views from the living room, dining room, kitchen and master suite. Enjoy the large gulf side great room and kitchen - perfect for entertaining your friends and

    Joshua Kline Emerald Coast Vacation Rentals & Sales

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,575,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,102,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2023 06/08/23 Sold $1,575,000 -4.5% $823 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
05/07/2023 05/07/23 Price Changed $1,650,000 -7.0% $862 / Sq Ft
10/20/2022 10/20/22 Price Changed $1,775,000 -0.8% $927 / Sq Ft
10/06/2022 10/06/22 Price Changed $1,790,000 -0.3% $935 / Sq Ft
07/20/2022 07/20/22 For Sale $1,795,000 -- $938 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $12,955 $1,300,000 -- $1,300,000
2023 $12,955 $1,300,000 $0 $1,300,000
2022 $9,882 $820,000 $0 $820,000
2021 $9,686 $780,000 $0 $780,000
2020 $9,134 $730,000 $0 $730,000
2019 $9,260 $730,000 $0 $730,000
2018 $9,341 $730,000 $0 $0
2017 $8,613 $659,000 $0 $0
2016 $8,560 $659,000 $0 $0
2015 $8,558 $646,000 $0 $0
2014 $8,330 $627,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 904081

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2317-0000-0201