NOT LISTED FOR SALE

Silver Beach Towers II 1050 Highway 98 E Unit 1602 Destin, FL 32541

Estimated Value: $861,000 - $1,117,000

2 Beds
2 Baths
1,362 Sq Ft
$1,040/mo HOA Fee

Last Sold June 21, 2024

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

Est. 7% decrease in value since last sale

Current estimated payment $7,277/month

197 Days on Market

Highlights

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

About This Home

As of June 2024

Located in the heart of Destin this condo offers the opportunity to indulge in coastal opulence. Breathtaking views, open concept floor plan, and unparalleled amenities, this property defines the art of coastal living. Perfectly appointed on the 16 th floor, this home offers sweeping panoramic views of the emerald waters. The expansive windows in every room ensure the Gulf of Mexico is never out of sight. The unit has been newly painted throughout, granite countertops, tile flooring, fully furnished.
Silver Beach Towers is perfectly positioned to shopping, restaurants, nightlife and the pristine waters of the gulf. Enjoy the beach life with your family or add this one to your portfolio you will not be disappointed.

Last Agent to Sell the Property

Abbott Martin Group

EXP Realty LLC Listed on: 10/17/2023

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,071

Year Built

  • Built in 2001

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $1,040 Monthly HOA Fees

Home Design

  • Newly Painted Property

Interior Spaces

  • 1,362 Sq Ft Home
  • Partially Furnished
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Dining Area
  • Tile Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Deeded Parking

Outdoor Features

  • In Ground Pool
  • Balcony

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-22-2316-0000-1602

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, management, water, trash
  • Silver Beach Towers Subdivision

Amenities

  • Community Barbecue Grill
  • Community Pavilion
  • Elevator

Recreation

  • Beach

Pet Policy

  • Pets Allowed

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,071

Year Built

Built in 2001

Lot Details

0

HOA Fees

$1,040 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SILVER BEACH TOWERS
  • Directions: Hwy 98 to the intersection of Airport Rd, Silver Beach Towers will be on the Gulf side. Tower East will be to your left upon entering.
  • Architectural Style: N/A
  • Carport Y N: Yes
  • New Construction: No
  • Year Built: 2001
  • Remarks Misc:Remarks: Located in the heart of Destin this condo offers the opportunity to indulge in coastal opulence. Breathtaking views, open concept floor plan, and unparalleled amenities, this property defines the art of coastal living. Perfectly appointed on the 16 th floor, this home offers sweeping panoramic views of the emerald waters. The expansive windows in every room ensure the Gulf of Mexico is never out of sight. The unit has been newly painted throughout, granite countertops, tile flooring, fully furnished. Silver Beach Towers is perfectly positioned to shopping, restaurants, nightlife and the pristine waters of the gulf. Enjoy the beach life with your family or add this one to your portfolio you will not be disappointed.
  • 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
  • Rooms:Dining Area: Yes
  • Energy:Storm Windows: Yes
  • Energy:Storm Doors: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Interior Amenities: Ceiling Crwn Molding, Ceiling Raised, Elevator, Floor Tile, Furnished - Some, Lighting Recessed, Newly Painted, Washer/Dryer Hookup, Window Treatment All
  • Window Features: Storm Window(s)
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Newly Painted: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony, Pool - In-Ground
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Pool - In-Ground: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features: Covered, Deeded
  • General Property Info:Garage2: No
  • 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, Elevators, Exercise Room, Pavillion/Gazebo, Pets Allowed, Pool, Tennis, Waterfront
  • Association #2 Fee: 3119.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Management, Water, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-2316-0000-1602
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9071.41
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Jun 7, 2024
Sold by
Sun James Guo and Kim Chen Hye
Bought by
Teran Daniel Alberto
Seller's Agent
Abbott Martin Group
EXP Realty LLC
List Price
$1,190,000
Sold Price
$1,100,000
Premium/Discount to List
-$90,000
-7.56%
Views
69
Current Estimated Value
$1,022,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,140
Avg. Annual Appreciation
-4.55%
Original Mortgage
$770,000
Outstanding Balance
$758,874
Interest Rate
7.37%
Mortgage Type
New Conventional
Estimated Equity
$263,986

Purchase Details

Listed on
Mar 6, 2019
Closed on
May 17, 2019
Sold by
Metcalf James J and Metcalf Barbara Anne L
Bought by
Sun James and Kim Chon Ilye
Seller's Agent
John Cook
Coldwell Banker Realty
Buyer's Agent
John Cook
Coldwell Banker Realty
List Price
$710,000
Sold Price
$710,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$568,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2008
Sold by
Storey Thomas Richard and Storey Martha Alice
Bought by
Metcalf James J and Metcalf Barbara Anne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2006
Sold by
Storey Thomas R and Storey Martha
Bought by
Storey Thomas Richard and Storey Martha Alice

Purchase Details

Closed on
Jan 24, 2002
Sold by
Silver Beach Investments Of Destin Lc
Bought by
Storey Thomas R and Storey Martha
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
Teran Daniel Alberto $1,100,000 Complete Choice Title Services
Sun James $710,000 Attorney
Metcalf James J $650,000 Attorney
Storey Thomas Richard -- Attorney
Storey Thomas R $498,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teran Daniel Alberto $770,000
Previous Owner Sun James $568,000
Previous Owner Metcalf James J $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2024 06/21/24 Sold $1,100,000 -7.6% $808 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/14/2024 04/14/24 Price Changed $1,190,000 0.0% $874 / Sq Ft
03/05/2024 03/05/24 Price Changed $1,189,999 0.0% $874 / Sq Ft
10/17/2023 10/17/23 For Sale $1,190,000 +67.6% $874 / Sq Ft
05/17/2019 05/17/19 Sold $710,000 0.0% $521 / Sq Ft View Prior Sale
03/13/2019 03/13/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $710,000 -- $521 / 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
2025 $10,659 $900,000 -- $900,000
2024 $9,352 $900,000 -- $900,000
2023 $9,352 $900,000 $0 $900,000
2022 $7,649 $650,000 $0 $650,000
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

  • Abbott Martin Group

    Seller's Agent in 2024

    Abbott Martin Group

    EXP Realty LLC

    (850) 460-2900

    52 in this area

    956 Total Sales

    Abbott Martin Group
    Section Image

  • J

    Seller's Agent in 2019

    John Cook

    Coldwell Banker Realty

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About Silver Beach Towers II

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 934541

Emerald Coast Association of REALTORS®

APN: 00-2S-22-2316-0000-1602

Florida Okaloosa County Destin 32541

1050 Highway 98 E Unit 1602, Destin, FL

Not Listed for Sale

Condos

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