NOT LISTED FOR SALE

1048 Highway 98 E Unit 505 Destin, FL 32541

Estimated Value: $973,000 - $1,095,000

2 Beds
2 Baths
1,362 Sq Ft
$1,067/ mo HOA Fee

Last Sold January 15, 2025

Last sale price $1,100,000 $808 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,362/month

2 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Main Floor Primary Bedroom
  • Destin Elementary School Rated A-
  • Primary Bedroom Suite
  • Furnished

About This Home

As of January 2025

A true ''toes in the sand condo' with some of the best rental numbers on the Beach, these 2 bedroom units are some of the most sought-after units on the beach. The design is second to none, with both bedrooms on the beach front, giving everyone a front row seat. This unit boasts all new furniture, new hot water heater, new master tub, upgraded granite counters in the kitchen and baths, and spectacular panoramic views from your Living Room, Kitchen, Dining & both Bedrooms. Turnkey with deeded parking in the garage and separate storage space. Enjoy 600 ft of beach frontage, 2 large gulf front pools, 2 hot tubs, grilling area, private dune boardwalk & tennis. Located in the heart of Destin near shopping and dining, and the convenience and safety of a traffic light at the entrance.

Last Agent to Sell the Property

Brent Winjum

Aquatic Resort Properties Inc License #638644 Listed on: 11/05/2024

Last Buyer's Agent

Terry Tallent

Aquatic Resort Properties Inc License #3153317

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,804

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 0.37

HOA Fees

  • $1,067 Monthly HOA Fees

Parking

  • 1 Covered Space

Home Design

  • Concrete Siding

Interior Spaces

  • 1,362 Sq Ft Home
  • Furnished
  • Woodwork
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Great Room
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Split Bedroom Floorplan
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Schools

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

Utilities

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

Additional Features

  • Balcony
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2317-0000-0505

Community Details

Overview

  • Association fees include ground keeping, internet service, legal, management, master, recreational faclty, security, sewer, water, cable TV, trash
  • Silver Beach Towers Subdivision
  • 19-Story Property

Amenities

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

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,804

Year Built

Built in 2004 | Remodeled

Lot Details

0.37 Acres

HOA Fees

$1,067 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SILVER BEACH TOWERS
  • Directions: Located on the south side of 98 across from Airport Road directly on the beach. The west building is on the right.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2004
  • Remarks Misc:Remarks: A true ''toes in the sand condo' with some of the best rental numbers on the Beach, these 2 bedroom units are some of the most sought-after units on the beach. The design is second to none, with both bedrooms on the beach front, giving everyone a front row seat. This unit boasts all new furniture, new hot water heater, new master tub, upgraded granite counters in the kitchen and baths, and spectacular panoramic views from your Living Room, Kitchen, Dining & both Bedrooms. Turnkey with deeded parking in the garage and separate storage space. Enjoy 600 ft of beach frontage, 2 large gulf front pools, 2 hot tubs, grilling area, private dune boardwalk & tennis. Located in the heart of Destin near shopping and dining, and the convenience and safety of a traffic light at the entrance.
  • 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
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Great Room: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Floor Tile, Furnished - All, Lighting Recessed, Owner's Closet, Renovated, Split Bedroom, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Stories: 19
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Woodwork Painted: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • Covered Parking 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, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Dumpster, Elevators, Pets Allowed, Picnic Area, Pool, Separate Storage, Tennis, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 3200.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Internet Service, Legal, Management, Master Association, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2317-0000-0505
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8804.27
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Jan 9, 2025
Sold by
William Oliver And Lynn Boone House Trus and Boone Lynn Chadwell
Bought by
Voumvourakis George T and Voumvourakis Atiianasia I
Seller's Agent
Brent Winjum
Aquatic Resort Properties Inc
Buyer's Agent
Terry Tallent
Aquatic Resort Properties Inc
List Price
$1,125,000
Sold Price
$1,100,000
Premium/Discount to List
-$25,000
-2.22%
Views
2
Current Estimated Value
$1,050,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,066
Avg. Annual Appreciation
-3.83%
Original Mortgage
$770,000
Outstanding Balance
$761,354
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$289,580

Purchase Details

Closed on
May 2, 2018
Sold by
Boone William O and Boone Lynn C
Bought by
Boone William O and Boone Lynn Chadwell
Source: Public Records
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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
Voumvourakis George T $1,100,000 Mcgill Escrow & Title
Voumvourakis George T $1,100,000 Mcgill Escrow & Title
Boone William O -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Voumvourakis George T $770,000
Closed Voumvourakis George T $770,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Sold $1,100,000 -2.2% $808 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $1,125,000 -- $826 / Sq Ft
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 $9,920 $850,000 -- $850,000
2024 $8,804 $850,000 -- $850,000
2023 $8,804 $800,000 $0 $800,000
2022 $7,593 $640,000 $0 $640,000
2021 $7,016 $565,000 $0 $565,000
2020 $6,882 $550,000 $0 $550,000
2019 $6,976 $550,000 $0 $550,000
2018 $6,700 $530,000 $0 $0
2017 $6,103 $467,000 $0 $0
2016 $6,066 $467,000 $0 $0
2015 $6,067 $458,000 $0 $0
2014 $5,665 $426,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 962466

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2317-0000-0505

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