NOT LISTED FOR SALE

Destin Gulfgate 1180 Scenic Highway 98 Unit 205 Destin, FL 32541

Estimated Value: $1,031,000 - $1,119,000

2 Beds
2 Baths
1,430 Sq Ft
$1,097/mo HOA Fee

Last Sold June 15, 2023

Last sale price $1,250,000 $874 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $7,498/month

21 Days on Market

Highlights

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

About This Home

As of June 2023

GULF FRONT spacious 2-bedroom luxury condo with stunning views of the beach and Gulf, in one of Destin's premier complexes. This second floor updated unit with deeded parking space, (third floor level) is fully furnished, professionally decorated and rental ready with the latest technologies. Other features are 30' private balcony, Gulf Front master bedroom with balcony, custom walk-in doorless shower in large master bath, wet bar with wine cooler and ice maker, 2 queen beds in guest Bedroom. Gated community has 450' of beach frontage for owners and guests only, Gulfside pool and fitness center. With in-house rental structure of lower mgmt. fees, Destin Gulfgate units have net performance of higher than average Destin rental income properties with this being a Top Grossing Unit.

Last Agent to Sell the Property

Molly Hageman

Hageman Coastal Properties License #3009765 Listed on: 03/22/2023

Last Buyer's Agent

Jennifer McGregor

LPT Realty License #SL3501302

LPT Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,999

Year Built

  • Built in 1993

Lot Details

  • 4

HOA Fees

  • $1,097 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Deeded Parking

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Piling Construction

Interior Spaces

  • 1,430 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Balcony
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-5100-0000-0205

Community Details

Overview

  • Association fees include accounting, advertising, ground keeping, insurance, internet service, land recreation, legal, licenses/permits, management, master, utilities, recreational faclty, sewer, water, cable TV, taxes, trash
  • 66 Buildings
  • 66 Units
  • Destin Gulfgate Condo Subdivision
  • 11-Story Property

Amenities

  • Community Barbecue Grill
  • Recreation Room
  • Elevator

Recreation

  • Beach
  • Community Pool

Security

  • Gated Community
  • Building Fire Alarm
  • Hurricane or Storm Shutters
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,999

Year Built

Built in 1993

Lot Details

0

HOA Fees

$1,097 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: DESTIN GULFGATE CONDO
  • Directions: On Scenic Highway 98 in Destin across from The Track and directly on the Beach/Gulf of Mexico.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1993
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Balcony2: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 66
  • Appliances: Dishwasher, Dryer, Fire Alarm/Sprinkler, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Furnished - All, Washer/Dryer Hookup
  • Stories: 11
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Foundation On Piling, Roof Membrane
  • Exterior Features: Balcony, Hurricane Shutters
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • Exterior:Hurricane Shutters: Yes
  • ConstructionSiding:Roof Membrane: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Garage, Covered, Deeded
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes
  • 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: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Elevators, Exercise Room, Gated Community, Pool, Waterfront
  • Association #2 Fee: 3292.16
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Advertising, Ground Keeping, Insurance, Internet Service, Land Recreation, Legal, Licenses/Permits, Management, Master Association, Other Utilities, Recreational Faclty, Sewer, Water, Cable TV, Taxes, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-5100-0000-0205
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 66

Tax Info

  • Tax Annual Amount: 7998.78
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jun 14, 2023
Sold by
Croesus Properties I Llc
Bought by
Traymar Partnership
Seller's Agent
Molly Hageman
Hageman Coastal Properties
Buyer's Agent
Jennifer McGregor
LPT Realty
List Price
$1,250,000
Sold Price
$1,250,000
Views
45
Current Estimated Value
$1,068,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$181,148
Avg. Annual Appreciation
-6.53%
Original Mortgage
$750,000
Outstanding Balance
$729,798
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$339,054

Purchase Details

Closed on
Aug 15, 2014
Sold by
Holbrook Jeffrey O and Holbrook Pamela M
Bought by
Croesus Properties I Llc
Source: Public Records

Range of Values:

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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
Traymar Partnership $1,250,000 Omega Title
Croesus Properties I Llc $587,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Traymar Partnership $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $1,250,000 0.0% $874 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $1,250,000 -- $874 / 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 $9,540 $920,000 -- $920,000
2023 $9,540 $920,000 $0 $920,000
2022 $7,999 $700,000 $0 $700,000
2021 $7,140 $575,000 $0 $575,000
2020 $7,032 $575,000 $0 $575,000
2019 $6,342 $500,000 $0 $500,000
2018 $6,163 $480,000 $0 $0
2017 $6,142 $470,000 $0 $0
2016 $6,105 $470,000 $0 $0
2015 $6,226 $470,000 $0 $0
2014 $5,379 $414,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Molly Hageman

    Hageman Coastal Properties

    (850) 865-2842

    3 in this area

    33 Total Sales

    Molly Hageman
    Section Image
  • Jennifer McGregor

    Buyer's Agent in 2023

    Jennifer McGregor

    LPT Realty

    (720) 427-7385

    1 in this area

    76 Total Sales

    Jennifer McGregor
    Section Image
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About Destin Gulfgate

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 919446

Emerald Coast Association of REALTORS®

APN: 00-2S-22-5100-0000-0205

Florida Okaloosa County Destin 32541

1180 Scenic Highway 98 Unit 205, Destin, FL

This home is located at 1180 Scenic Highway 98 Unit 205, Destin, FL 32541 since 22 March 2023 and is currently estimated at $1,068,852, approximately $747 per square foot. This property was built in 1993. 1180 Scenic Highway 98 Unit 205 is a home located in Okaloosa County with nearby schools including Destin Elementary School, Destin Middle School, and Fort Walton Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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