NOT LISTED FOR SALE

1048 Highway 98 E Unit 605 Destin, FL 32541

Destin Area

Estimated Value: $1,037,067

2 Beds
2 Baths
1,362 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: July 31, 2020

Last sale price $740,000 $543 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,369 / mo

116 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Fitness Center
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Upgraded Media Wing

About This Home

As of July 2020

An exquisite and rare west tower two bedroom condo in Silver Beach Towers. This 6th floor, 1,362 square foot unit features 180 degree views and has been decorated with high end furnishings and finishes. A split floor plan offers privacy and features amazing gulf & beach views from each bedroom. Covered deeded parking and owners locker offer convenience of ownership like no other. Silver Beach Towers is Destin's premier luxury resort situated on 600 feet of pristine gulf front for owners and guests. Added amenities include a heated beach side swimming pool, hot tub and tennis. A must see property that grossed over $79,000 in 2019 rentals and already has over $74,000 on the books for 2020! Call today for details.

Last Agent to Sell the Property

Stewart/Peacock

Scenic Sotheby's International Realty License #BK3019875 Listed on: 03/12/2020

Co-Listed By

Tanner Peacock

Scenic Sotheby's International Realty License #3019875

Last Buyer's Agent

Renee Ryan

Christies International Real Estate Emerald Coast License #3386424

Christies International Real Estate Emerald Coast

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,976

Year Built

  • Built in 2004

Lot Details

  • 0.37

HOA Fees

  • $687 Monthly HOA Fees

Home Design

  • Mirrored Walls
  • Concrete Siding

Interior Spaces

  • 1,362 Sq Ft Home
  • Furnished
  • Shelving
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Bay Window
  • Insulated Doors
  • Entrance Foyer
  • Great Room
  • Upgraded Media Wing
  • Bonus Room
  • Utility Room
  • Gulf Views

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Deeded Parking

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

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

Additional Features

  • Energy-Efficient Doors
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-2317-0000-0605

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, land recreation, master, recreational faclty, repairs/maintenance, security, services, sewer, water, cable TV, trash
  • Silver Beach Towers Subdivision
  • Accessible Features in Community
  • 19-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Community Pavilion
  • Sauna
  • Game Room
  • Meeting Room
  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Exercise Course
  • Community Pool
  • Community Whirlpool Spa

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,976

Year Built

Built in 2004

Lot Details

0.37 Acres

HOA Fees

$687 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: EDRE
  • Co List Office Phone: 850-231-6052
  • Subdivision Name: SILVER BEACH TOWERS
  • Directions: Hwy 98 East to Airport Road, turn south into Silver Beach Towers entrance, continue to west tower.
  • Architectural Style: N/A
  • New Construction: No
  • Efficiency: Doors
  • Year Built: 2004
  • Remarks Misc:Remarks: An exquisite and rare west tower two bedroom condo in Silver Beach Towers. This 6th floor, 1,362 square foot unit features 180 degree views and has been decorated with high end furnishings and finishes. A split floor plan offers privacy and features amazing gulf & beach views from each bedroom. Covered deeded parking and owners locker offer convenience of ownership like no other. Silver Beach Towers is Destin's premier luxury resort situated on 600 feet of pristine gulf front for owners and guests. Added amenities include a heated beach side swimming pool, hot tub and tennis. A must see property that grossed over $79,000 in 2019 rentals and already has over $74,000 on the books for 2020! Call today for details.
  • Utilities Electric: 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
  • Utilities:Community Water: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Foyer: Yes
  • Rooms:Bonus Room: Yes
  • Rooms:Great Room: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Elevator, Floor Tile, Floor WW Carpet, Furnished - All, Owner's Closet, Pantry, Shelving, Split Bedroom, Upgraded Media Wing, Walls Mirrored, Washer/Dryer Hookup, Window Bay, Window Treatment All
  • Stories: 19
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Cultured Mrble: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Interior:Shelving: Yes
  • Interior:Window Bay: Yes
  • Interior:Walls Mirrored: 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

  • Attached Garage: No
  • Parking Features: Covered, Deeded
  • Parking Features:Covered: Yes
  • Parking Features:Deeded: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Game Room, Gated Community, Handicap Provisions, Laundry, Pavillion/Gazebo, Picnic Area, Playground, Pool, Sauna/Steam Room, Separate Storage, Tennis, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 2060.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Land Recreation, Master Association, Recreational Faclty, Repairs/Maintenance, Security, Services, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2317-0000-0605
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6976.48
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 31, 2020
Sold by
White Paul D and White Kathryn A
Bought by
Seller's Agent
Stewart/Peacock
Scenic Sotheby's International Realty
Buyer's Agent
Renee Ryan
Christies International Real Estate Emerald Coast
List Price
$740,000
Sold Price
$740,000
Current Estimated Value
$1,037,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,067
Avg. Annual Appreciation
5.65%
Original Mortgage
$555,000
Outstanding Balance
$357,569
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$679,498

Purchase Details

Listed on
Nov 2, 2012
Closed on
Mar 18, 2013
Sold by
Mina Albert M and Mina Beth A
Bought by
White Paul D and White Kathryn A
Seller's Agent
Tanner Peacock
Churchill Oaks Realty Llc
Buyer's Agent
Tanner Peacock
Churchill Oaks Realty Llc
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$400,000
Interest Rate
3.56%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Mcewen Christopher J and Murphy Lynn C
Bought by
Mina Albert M and Mina Beth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.98%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Destin, FL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$740,000 Marchio Jett
White Paul D $500,000 Aqua Title
Mina Albert M $1,260,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $555,000
Previous Owner White Paul D $2,480,000
Previous Owner White Paul D $400,000
Previous Owner Mina Albert M $150,000
Previous Owner Mina Albert M $999,999
Previous Owner Mcewen Christopher J $167,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2020 07/31/20 Sold $740,000 0.0% $543 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $740,000 +48.0% $543 / Sq Ft
03/18/2013 03/18/13 Sold $500,000 0.0% $367 / Sq Ft View Prior Sale
11/07/2012 11/07/12 Pending -- -- --
11/02/2012 11/02/12 For Sale $500,000 -- $367 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,713 $426,000 $0 $0
Source: Public Records

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 842425

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2317-0000-0605

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