NOT LISTED FOR SALE

940 Highway 98 E Unit 49 Destin, FL 32541

Estimated Value: $425,719 - $478,000

2 Beds
2.5 Baths
1,192 Sq Ft
$620/mo HOA Fee

Last Sold June 25, 2021

Last sale price $355,000 $298 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,378/month

Highlights

  • Lake Front
  • Boat Dock
  • Heated In Ground Pool
  • Destin Elementary School Rated A-
  • Beach
  • Fishing

About This Home

As of June 2021

VERY NICE 2BR 2 1/2 BA LAKEFRONT CONDO IN SOUTHBAY BY THE GULF. A WELL ESTABLISHED CHARMING 109 UNIT COMPLEX IN MIDDLE OF DESTIN ON 14 LANDSCAPED ACRES FROM SOUTHSIDE OF HIWY 98 TO THE GULF OF MEXICO. CONDO COMES FULLY FURNISHED AND CAN DO $30000 IN GROSS RENTALS. KITCHEN HAS RECENTLY BEEN REMODELED WITH UPGRADED FLOORING, LIGHTING, CABINETS, GRANITE COUNTERS, TILE BACKSPLASH AND S/S APPLIANCES. TWO SPACIOUS DECKS OVERLOOKING DUNES OF DESTIN LAKE ADD 200 SQ FT OF OUTDOOR LIVING SPACE. YOU CAN FISH OFF BOTH DECKS OR ENJOY THE PRISTINE WATER VIEWS. SHORT WALK TO THE 300' OF PRIVATE WHITE SAND BEACH. PROPERTY HAS TWO POOLS, ONE HEATED, TWO KIDDIE POOLS, PICNIC AREA, CLUBROOM, TWO LIGHTED TENNIS COURTS AND SHUFFLEBOARD, A FAMILY ORIENTED PET FRIENDLY PROPERTY.

Last Agent to Sell the Property

Terry Tallent

Aquatic Resort Properties Inc License #3153317 Listed on: 05/11/2021

Last Buyer's Agent

Steven Noble

Lokation License #3474998

Lokation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,186

Year Built

  • Built in 1976

Lot Details

  • Lake Front

HOA Fees

  • $620 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Cement Board or Planked

Interior Spaces

  • 1,192 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Lake Views

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Guest Parking
  • Deeded Parking

Outdoor Features

  • Balcony
  • Covered Deck

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-22-4200-00G6-0000

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, internet service, land recreation, legal, licenses/permits, management, security, sewer, water, cable TV, trash
  • 6 Buildings
  • 6 Units
  • South Bay By The Gulf Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Community Pavilion
  • Recreation Room
  • Community Storage Space

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool
  • Fishing

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Building Fire Alarm
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,186

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: Drive east past Gulf Shore Drive, turn south off Hwy 98 at Southbay Entrance. Unit is down on Lake.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1976
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Waterview:Lake2: Yes
  • Rooms:Great Room: Yes
  • Waterfront:Lake: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 6
  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Range Hood, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Floor Laminate, Floor Tile, Floor WW Carpet, Furnished - All, Owner's Closet, Washer/Dryer Hookup, Window Treatment All
  • Stories: 2
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Roof Shingle/Shake, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, Deck Covered, Deck Open, Pool - Heated, Pool - In-Ground
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • Exterior:Deck Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - Heated: Yes
  • ConstructionSiding:Roof ShingleShake: Yes
  • Exterior:Pool - In-Ground: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Deeded, Guest
  • General Property Info:Garage2: No
  • Parking Features:Guest: 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, Dock, Dumpster, Fishing, Gated Community, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Separate Storage, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 620.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Land Recreation, Legal, Licenses/Permits, Management, Security, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-22-4200-00G6-0000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 25, 2021
Sold by
Jones Steve Buck
Bought by
Plaisance Glenn and Dominick Deborah
Seller's Agent
Terry Tallent
Aquatic Resort Properties Inc
Buyer's Agent
Steven Noble
Lokation
List Price
$355,000
Sold Price
$355,000
Current Estimated Value
$453,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,930
Avg. Annual Appreciation
5.51%
Original Mortgage
$266,250
Outstanding Balance
$246,506
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$197,219

Purchase Details

Closed on
Jul 9, 2013
Sold by
Tanner Lynda and Jones Steve Buck
Bought by
Jones Steve Buck

Purchase Details

Closed on
Oct 8, 2004
Sold by
Jones Steve Buck
Bought by
Jones Steve Buck and Tanner Lynda

Purchase Details

Closed on
Nov 10, 2000
Sold by
Lea Richard H and Lea Anna M
Bought by
Jones Steve Buck
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
Plaisance Glenn $355,000 Mcgill Escrow And Title
Jones Steve Buck -- Attorney
Jones Steve Buck -- --
Jones Steve Buck $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plaisance Glenn $266,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2022 03/27/22 Off Market $355,000 -- --
06/25/2021 06/25/21 Sold $355,000 0.0% $298 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $355,000 -- $298 / 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 $4,186 $355,000 -- $355,000
2023 $4,186 $355,000 $0 $355,000
2022 $3,796 $315,000 $0 $315,000
2021 $2,546 $205,000 $0 $205,000
2020 $2,502 $200,000 $0 $200,000
2019 $2,347 $185,000 $0 $185,000
2018 $2,311 $180,000 $0 $0
2017 $2,183 $167,000 $0 $0
2016 $2,169 $167,000 $0 $0
2015 $2,274 $158,000 $0 $0
2014 $2,118 $145,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 866130

Emerald Coast Association of REALTORS®

APN: 00-2S-22-4200-00G6-0000