NOT LISTED FOR SALE

940 Highway 98 E Unit 80 Destin, FL 32541

Estimated Value: $477,000 - $543,000

3 Beds
2.5 Baths
1,289 Sq Ft
43,560 Sq Ft Lot

Last Sold June 05, 2024

Last sale price $545,000 $423 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,869/month

15 Days on Market

Highlights

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

About This Home

As of June 2024

Beachside renovated, end unit 3 bedroom /2.5 bath townhome, listed under AVM with projected gross income of 55k for 2024 as first year as vacation rental.
Southbay by The Gulf is a pet friendly, gated complex, centrally located to shopping, dining, fishing, boating, and entertainment. The unit itself has been renovated, including freshly painted and updated with new light fixtures, TVs, furniture and updated countertops. Too many updates to list!
This well appointed property offers a private backyard with dining area and plenty of space for entertainment and relaxation. Unit 80 is centrally located close to the private beach access, across from the pool and near the tennis courts and private lake. Dedicated parking space in front of the townhome is included, as well as overflow parking.

Last Agent to Sell the Property

Hristina Peeva

Robert Slack LLC License #3549452 Listed on: 04/18/2024

Robert Slack LLC

Last Buyer's Agent

William Valentine

The Premier Property Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,972

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 1

HOA Fees

  • $810 Monthly HOA Fees

Interior Spaces

  • 1,289 Sq Ft Home
  • Ceiling Fan
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite

Outdoor Features

  • Heated Pool
  • Deeded access to the beach

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-4201-0012-00L6

Community Details

Overview

  • Southbay By The Gulf South Side Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Community Barbecue Grill
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,972

Year Built

Built in 1974 | Remodeled

Lot Details

1 Acres

HOA Fees

$810 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SOUTHBAY BY THE GULF SOUTH SIDE
  • Directions: From Hwy 98 Across from Raceway, Turn south on Sandprint Drive. Follow the road around Lake to Southbay's South entrance. Enter gate code, follow road around and unit 80 is one of the first units on the right
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1974
  • Remarks Misc:Remarks: Beachside renovated, end unit 3 bedroom /2.5 bath townhome, listed under AVM with projected gross income of 55k for 2024 as first year as vacation rental. Southbay by The Gulf is a pet friendly, gated complex, centrally located to shopping, dining, fishing, boating, and entertainment. The unit itself has been renovated, including freshly painted and updated with new light fixtures, TVs, furniture and updated countertops. Too many updates to list! This well appointed property offers a private backyard with dining area and plenty of space for entertainment and relaxation. Unit 80 is centrally located close to the private beach access, across from the pool and near the tennis courts and private lake. Dedicated parking space in front of the townhome is included, as well as overflow parking.
  • Utilities Electric: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Energy:Ceiling Fans: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Renovated

Exterior Features

  • Pool Features: Pool Type
  • Exterior Features: Pool - Heated, Renovated, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Tennis Court: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Deed Access, Gated Community, Pets Allowed, Pool, Tennis, TV Cable
  • Association #2 Fee: 810.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 00-2S-22-4201-0012-00L6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1971.76
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jun 5, 2024
Sold by
Cobb Christopher and Evans Brooke E
Bought by
Paul Zeperniek and Paul Leeanna Zeperniek
Seller's Agent
Hristina Peeva
Robert Slack LLC
Buyer's Agent
William Valentine
The Premier Property Group
List Price
$554,900
Sold Price
$545,000
Premium/Discount to List
-$9,900
-1.78%
Views
100
Current Estimated Value
$508,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,921
Avg. Annual Appreciation
-3.86%
Original Mortgage
$490,500
Outstanding Balance
$483,588
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$24,491

Purchase Details

Closed on
Mar 13, 2023
Sold by
Power Bruce
Bought by
Cobb Christopher and Evans Brooke E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2017
Sold by
Kock Charles L and Kock Barbara F
Bought by
Power Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2002
Sold by
Gemeny Irma J and The Gemeny Family Trust
Bought by
Kock Charles L and Kock Barbara F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.52%
Source: Public Records
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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
Paul Zeperniek $545,000 Waypoint Title
Cobb Christopher $460,000 Vintage Title & Escrow
Power Bruce $230,000 Attorney
Kock Charles L $145,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul Zeperniek $490,500
Previous Owner Cobb Christopher $414,000
Previous Owner Power Bruce $184,000
Previous Owner Kock Charles L $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2024 06/05/24 Sold $545,000 -1.8% $423 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $554,900 -- $430 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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
2025 $4,974 $420,000 -- $420,000
2024 $1,972 $365,000 -- $365,000
2023 $1,972 $203,592 $0 $0
2022 $1,919 $197,662 $0 $0
2021 $1,911 $191,905 $0 $0
2020 $1,893 $189,255 $0 $0
2019 $1,868 $185,000 $0 $185,000
2018 $2,311 $180,000 $0 $0
2017 $2,222 $170,000 $0 $0
2016 $2,143 $165,000 $0 $0
2015 $2,180 $150,000 $0 $0
2014 $2,182 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 947194

Emerald Coast Association of REALTORS®

APN: 00-2S-22-4201-0012-00L6

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