940 Highway 98 E Unit 36 Destin, FL 32541
Estimated payment $4,009/month
Highlights
- Beach
- Heated In Ground Pool
- Gated Community
- Destin Elementary School Rated A-
- Fishing
- Lake View
About This Home
Here is your chance to own the nicest unit available in Southbay! This beautifully renovated / fully furnished 3BD/2.5BA Townhome (1289 sq. ft.) in Southbay by the Gulf. This unit features 2 stories with a large, open floor plan on the main level and
3 bedrooms upstairs with a complete renovation in 2023. Nearly everything is new. As a self managed STR, this did $58K in 2024 at only 50% occupancy. Sellers use it a good amount. Remove owner usage to rent it more aggressively and watch the revenue will climb!! Easy beach access as well as a quick drive to everything Destin has to offer. You will love all the new features: New painting, Murals done, panels done, New furniture and beds except for bunk beds, HVAC system replaced, New washing machine, New kitchen burner,
Schlage door lock, Ring door camera and ring perimeter camera.
HOA installed a new ball and tennis court, New walking bridge and new roof on the property.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,904
Year Built
- Built in 1975
HOA Fees
- $860 Monthly HOA Fees
Home Design
- Newly Painted Property
- Slab Foundation
- Frame Construction
- Composition Shingle Roof
- Wood Siding
Interior Spaces
- 1,289 Sq Ft Home
- 2-Story Property
- Furnished
- Ceiling Fan
- Living Room
- Laminate Flooring
- Lake Views
Kitchen
- Electric Oven or Range
- Self-Cleaning Oven
- Microwave
- Ice Maker
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Heated In Ground Pool
- Balcony
- Deck
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-22-4200-00F3-0000
Community Details
Overview
- Association fees include accounting, ground keeping, internet service, land recreation, master, recreational faclty, security, sewer, water, cable TV, trash
- South Bay By The Gulf Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Community Pavilion
- Recreation Room
- Laundry Facilities
Recreation
- Beach
- Tennis Courts
- Community Pool
- Fishing
Pet Policy
- Pets Allowed
Security
- Gated Community
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,904 | $375,000 | -- | $375,000 |
| 2023 | $3,904 | $375,000 | $0 | $375,000 |
| 2022 | $3,133 | $260,000 | $0 | $260,000 |
| 2021 | $1,135 | $129,419 | $0 | $0 |
| 2020 | $1,122 | $127,632 | $0 | $0 |
| 2019 | $1,103 | $175,000 | $0 | $0 |
| 2018 | $1,089 | $122,436 | $0 | $0 |
| 2017 | $1,078 | $119,918 | $0 | $0 |
| 2016 | $1,049 | $117,452 | $0 | $0 |
| 2015 | $1,257 | $116,636 | $0 | $0 |
| 2014 | $1,260 | $115,710 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $538,500 | -1.6% | $418 / Sq Ft | |
| 04/14/2023 04/14/23 | Sold | $547,000 | -3.9% | $424 / Sq Ft | View Prior Sale |
| 03/03/2023 03/03/23 | Pending | -- | -- | -- | |
| 02/23/2023 02/23/23 | Price Changed | $569,000 | -1.0% | $441 / Sq Ft | |
| 02/13/2023 02/13/23 | For Sale | $575,000 | +91.7% | $446 / Sq Ft | |
| 04/06/2022 04/06/22 | Off Market | $299,900 | -- | -- | |
| 04/30/2021 04/30/21 | Sold | $299,900 | 0.0% | $233 / Sq Ft | View Prior Sale |
| 04/09/2021 04/09/21 | Pending | -- | -- | -- | |
| 04/05/2021 04/05/21 | For Sale | $299,900 | -- | $233 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $547,000 | New Title Company | |
| Warranty Deed | $299,900 | Mcneese Title Llc | |
| Warranty Deed | $162,500 | H & S Title & Escrow Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $492,300 | New Conventional |
Source: Emerald Coast Association of REALTORS®
MLS Number: 990969
APN: 00-2S-22-4200-00F3-0000
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