$397,000
SOLD JUN 18, 2026

940 Highway 98 E Unit 54 Destin, FL 32541

Destin Area
2 Beds
2.5 Baths
1,191 Sq Ft
1974 Built

Sale Details

Date Sold: June 18, 2026

$333 Per Sq Ft

19% Below List Price

244 Days on Market

Highlights

  • Lake Front
  • Beach
  • Fishing
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Gated Community

About This Home

As of June 2026

Welcome to your completely renovated 2 Bed, 2.5 Bath REO oasis in Destin. This turn-key unit features stunning views of the serene Lake of South Bay—perfect for a peaceful primary home or high-yield rental. The interior boasts a chic, modern makeover: LVP flooring throughout, fresh paint, and a chef-ready kitchen with elegant granite tops and brand-new stainless steel appliances. This unit was originally built in 1974 and is just under 1200sf. HOA has just installed a new dimensional shingle and continue to make updates to the exterior decking on many of these unit. A must see. Schedule your showing today!

Last Agent to Sell the Property

Cosmo Spellings

Assurance Realty of NWFL LLC License #3113695 Listed on: 09/27/2025

Last Buyer's Agent

Terry Tallent

Aquatic Resort Properties Inc License #3153317

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • Lake Front

Home Design

  • Newly Painted Property
  • Slab Foundation
  • Composition Shingle Roof
  • Cement Board or Planked

Interior Spaces

  • 1,191 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Area
  • Lake Views
  • Exterior Washer Dryer Hookup

Kitchen

  • Walk-In Pantry
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Painted or Stained Flooring
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Open Patio

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

  • Short Term Rentals Allowed
  • Assessor Parcel Number 00-2S-22-4200-00G1-0000

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include accounting, ground keeping, insurance, internet service, legal, licenses/permits, management, security, sewer, water, cable TV, trash
  • 8 Units
  • South Bay By The Gulf #2 Subdivision

Amenities

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

Recreation

  • Beach
  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Fishing

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SOUTH BAY BY THE GULF #2
  • Directions: From Hwy 98, Turn South at South Bay Sign. Follow to the end of the parking lot on the left. Unit is the end unit in the last bank of units on the left.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1974
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: Dishwasher, Microwave, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Floor Laminate, Floor Tile
  • Interior Amenities: Newly Painted, Pantry, Washer/Dryer Hookup, Woodwork Painted
  • Stories: 2
  • Window Features: Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Tile: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Newly Painted: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Siding CmntFbrHrdBrd
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Patio And Porch Features: Patio Open
  • Property Condition: Renovated, Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Fishing, Gated Community, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Separate Storage, Tennis, TV Cable, Waterfront
  • Association: Yes

Fee Information

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

Schools

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

Lot Info

  • Parcel #: 00-2S-22-4200-00G1-0000

Multi Family

  • Number Of Units In Community: 8

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
06/18/2026 06/18/26 Sold $397,000 -9.8% $333 / Sq Ft
05/29/2026 05/29/26 Pending -- -- --
04/21/2026 04/21/26 Price Changed $440,000 -2.2% $369 / Sq Ft
03/05/2026 03/05/26 Price Changed $449,900 -2.2% $378 / Sq Ft
01/21/2026 01/21/26 Price Changed $459,900 -2.1% $386 / Sq Ft
12/10/2025 12/10/25 Price Changed $470,000 -2.1% $395 / Sq Ft
11/01/2025 11/01/25 Price Changed $479,900 -2.0% $403 / Sq Ft
09/27/2025 09/27/25 For Sale $489,900 -- $411 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Agents Affiliated with this Home

  • Cosmo Spellings

    Seller's Agent in 2026

    Cosmo Spellings

    Assurance Realty of NWFL LLC

    (850) 699-1856

    273 Total Sales

    Cosmo Spellings
    Section Image

  • T

    Buyer's Agent in 2026

    Terry Tallent

    Aquatic Resort Properties Inc

    (850) 218-1451

    13 Total Sales

    Terry Tallent
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 986331

Emerald Coast Association of REALTORS®

APN: 00-2S-22-4200-00G1-0000

Florida Okaloosa County Destin 32541

940 Highway 98 E Unit 54, 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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