NOT LISTED FOR SALE

940 Highway 98 E Unit 25 Destin, FL 32541

Estimated Value: $432,000 - $455,000

3 Beds
2.5 Baths
1,289 Sq Ft
10 Acres Lot

Sale Details

Date Sold: August 21, 2020

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

Est. 71% increase in value since last sale

Current estimated payment $3,350 / mo

154 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Furnished
  • Destin Elementary School Rated A-
  • Primary Bedroom Suite
  • Community Pool

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

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
  • Primary Bedroom Suite

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

Year Built

Built in 1976

Lot Details

10 Acres

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
  • Remarks Misc:Remarks: 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.
  • 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

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
Jan 15, 2020
Closed on
Aug 19, 2020
Sold by
Bought by
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
$444,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,456
Avg. Annual Appreciation
9.63%
Original Mortgage
$182,000
Outstanding Balance
$126,127
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$318,329

Purchase Details

Closed on
Feb 2, 2006
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
$260,000 Attorney
$255,000 Mcneese Title Llc
$189,000 Southern Escrow & Title Llc
$134,000 Mcgill Escrow & Title Llc
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 $182,000
Previous Owner $191,250
Previous Owner $151,200
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
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

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 $4,005 $375,000 -- $375,000
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

    39 in this area

    112 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

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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