NOT LISTED FOR SALE

940 Highway 98 E Unit 25 Destin, FL 32541

Estimated Value: $443,737 - $463,000

3 Beds
2.5 Baths
1,289 Sq Ft
$620/mo HOA Fee

Last Sold August 21, 2020

Last sale price $260,000 $202 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,312/month

154 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Community Pool
  • Destin Elementary School Rated A-
  • Furnished
  • Open Patio

About This Home

As of August 2020

Property under contract with 72 hour kick out clause.This well maintained 3 bedroom town home is just steps from the heated pool, and private beach. This property offers a spacious floor plan, tiled throughout the first floor and carpet in the bedrooms on the 2nd floor. Unit 25 is offered fully furnished and rental ready! South Bay features 2 pools, 2 kiddie pools, 300 ft. of private beach with beach service and 2 tennis courts. South Bay is located in the heart of Destin which offers a great opportunity for a great rental investment. Rental units like this generate 30k in gross rental income with potential to do much more.

Last Agent to Sell the Property

Shannyn Stevenson

Newman Dailey Resort Properties License #691585 Listed on: 01/15/2020

Last Buyer's Agent

S Maria Druin

Keller Williams Realty Destin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,698

Year Built

  • Built in 1976

Lot Details

  • 10

HOA Fees

  • $620 Monthly HOA Fees

Parking

  • Guest Parking

Home Design

  • Frame Construction
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,289 Sq Ft Home
  • Furnished
  • Living Room
  • Tile Flooring

Kitchen

  • Electric Oven or Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deeded access to the beach
  • Open Patio

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-4200-00D4-0000

Community Details

Overview

  • Association fees include ground keeping, management, recreational faclty
  • South Bay By The Gulf Subdivision

Recreation

  • Beach
  • Community Pool

Additional Features

  • Community Storage Space
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,698

Year Built

Built in 1976

Lot Details

0

HOA Fees

$620 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SOUTH BAY BY THE GULF
  • Directions: IF TRAVELING EAST, JUST PAST GULF SHORE DRIVE. TAKE SECOND RIGHT AFTER ENTERING COMPLEX, UNIT IS SECOND BUILDING ON RIGHT.
  • Architectural Style: N/A
  • New Construction: No
  • Year Built: 1976
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Washers: Yes
  • Utilities:Community Water: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Floor Tile, Furnished - All
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Composite Shngl, Wood Siding
  • Exterior Features: Patio Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes
  • ConstructionSiding:Siding Wood: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Guest
  • Parking Features:Guest: Yes

Utilities

  • Cooling: 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: Beach, Deed Access, Dumpster, Pool, Separate Storage, TV Cable
  • Association #2 Fee: 620.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Management, Recreational Faclty

Schools

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

Lot Info

  • Parcel #: 00-2S-22-4200-00D4-0000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2020
Closed on
Aug 19, 2020
Sold by
Babineau Dennie R and Babineau Teresa
Bought by
Housholder Andrew and Housholder Kelly
Seller's Agent
Shannyn Stevenson
Newman Dailey Resort Properties
Buyer's Agent
S Maria Druin
Keller Williams Realty Destin
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$450,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,934
Avg. Annual Appreciation
11.24%
Original Mortgage
$182,000
Outstanding Balance
$128,944
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$321,990

Purchase Details

Closed on
Feb 2, 2006
Sold by
Swanson Nancy
Bought by
Babineau Dennie R and Babineau Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2004
Sold by
Cannon Shane L
Bought by
Swanson Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2002
Sold by
Oths Joseph A and Oths Jane M
Bought by
Cannon Shane L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Housholder Andrew $260,000 Attorney
Babineau Dennie R $255,000 Mcneese Title Llc
Swanson Nancy $189,000 Southern Escrow & Title Llc
Cannon Shane L $134,000 Mcgill Escrow & Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Housholder Andrew $182,000
Previous Owner Babineau Dennie R $191,250
Previous Owner Swanson Nancy $151,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $260,000 0.0% $202 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $260,000 -- $202 / 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 $3,698 $375,000 -- $375,000
2023 $3,698 $375,000 $0 $375,000
2022 $2,946 $260,000 $0 $260,000
2021 $2,608 $210,000 $0 $210,000
2020 $2,272 $185,000 $0 $185,000
2019 $2,136 $175,000 $0 $175,000
2018 $2,036 $170,000 $0 $0
2017 $1,751 $134,000 $0 $0
2016 $1,741 $134,000 $0 $0
2015 $1,888 $128,000 $0 $0
2014 $1,893 $128,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shannyn Stevenson

    Seller's Agent in 2020

    Shannyn Stevenson

    Newman Dailey Resort Properties

    (850) 259-1874

    33 in this area

    127 Total Sales

    Shannyn Stevenson
    Section Image

  • S

    Buyer's Agent in 2020

    S Maria Druin

    Keller Williams Realty Destin

  • S

    Buyer's Agent in 2020

    S. Maria Druin

    Engel & Volkers St Augustine

    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 838322

Emerald Coast Association of REALTORS®

APN: 00-2S-22-4200-00D4-0000

Florida Okaloosa County Destin 32541

940 Highway 98 E Unit 25, Destin, FL

This home is located at 940 Highway 98 E Unit 25, Destin, FL 32541 since 15 January 2020 and is currently estimated at $450,934, approximately $349 per square foot. This property was built in 1976. 940 Highway 98 E Unit 25 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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