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$449,900
940 E Highway 98 UNIT 54
Destin, FL 32541
MLS# 986331
2 beds  |  3 baths  |  1191 sqft


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Property Description
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!

Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 377.75
List Date: 2025-09-26
Current Price: $449,900
List Price: $449,900
Location, Tax and Legal
Unit #: UNIT 54
Sub Area: 1401 - Destin Beach West
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: SOUTHBAY BY THE GULF UNIT G-1
General Property Info
Sub-Type: Condominium
Design: N/A
SqFt Source: County PA Records
Stories In Unit: 2
# of Units in Bldg: 8
Stories in Building: 2
Unit Floors Above Ground: 2
Immediate Occupancy: Yes
Pre-Const Flip: No
Garage: No
Carport: No
Assigned Spaces: 1
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 1191
Bedrooms: 2
Full Baths: 2
Half Baths: 1
Total Bathrooms: 3
Year Built: 1974
Listing Info, Tax & Legal
Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 860
Annual Assessment Amount: 10320
Assessment Paid: Monthly
New Buyer Fee: Yes
New Buyer Fee Amt: 150
New Buyer Fee Paid: $
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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!
Sale Type
Real Estate Owned: 1
Waterfront
Lake: 1
Construction Status
Construction Complete: 1
Waterview
Lake: 1
Project Facilities
BBQ Pit/Grill: 1
Beach: 1
Community Room: 1
Deed Access: 1
Dumpster: 1
Fishing: 1
Gated Community: 1
Pavillion/Gazebo: 1
Pets Allowed: 1
Pickle Ball: 1
Picnic Area: 1
Pool: 1
Separate Storage: 1
Short Term Rental - Allowed: 1
Tennis: 1
TV Cable: 1
Waterfront: 1
Construction/Siding
Roof Composite Shngl: 1
Siding CmntFbrHrdBrd: 1
Slab: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Exterior
Balcony: 1
Patio Open: 1
Interior
Floor Laminate: 1
Floor Tile: 1
Newly Painted: 1
Pantry: 1
Renovated: 1
Washer/Dryer Hookup: 1
Window Treatment All: 1
Woodwork Painted: 1
Financing
Conventional: 1
FHA: 1
VA: 1
Appliances
Dishwasher: 1
Microwave: 1
Smoke Detector: 1
Stove/Oven Electric: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Bedroom
First: 1
Kitchen
Second: 1
Living Room
Second: 1
Rooms
Bedroom: 1
Dining Area: 1
Kitchen: 1
Living Room: 1
Fees Include
Accounting: 1
Ground Keeping: 1
Insurance: 1
Internet Service: 1
Legal: 1
Licenses/Permits: 1
Management: 1
Security: 1
Sewer: 1
Trash: 1
TV Cable: 1
Water: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 14 - Destin
Street #: 940
Street Direction: E
Street Name: Highway 98
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: SOUTH BAY BY THE GULF #2
Parcel ID: 00-2S-22-4200-00G1-0000
Property Features
Sale Type: Real Estate Owned
Construction Status: Construction Complete
Waterfront: Lake
Waterview: Lake
Project Facilities: BBQ Pit/Grill; Beach; Community Room; Deed Access; Dumpster; Fishing; Gated Community; Pavillion/Gazebo; Pets Allowed; Pickle Ball; Picnic Area; Pool; Separate Storage; Short Term Rental - Allowed; Tennis; TV Cable; Waterfront
Exterior: Balcony; Patio Open
Interior: Floor Laminate; Floor Tile; Newly Painted; Pantry; Renovated; Washer/Dryer Hookup; Window Treatment All; Woodwork Painted
Appliances: Dishwasher; Microwave; Smoke Detector; Stove/Oven Electric
Utilities: Electric; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect
Bedroom: First
Kitchen: Second
Living Room: Second
Rooms: Bedroom; Dining Area; Kitchen; Living Room
Financing: Conventional; FHA; VA
Fees Include: Accounting; Ground Keeping; Insurance; Internet Service; Legal; Licenses/Permits; Management; Security; Trash; TV Cable; Water
Room Information
Room Name Level Dimensions Length Width
Living RoomSecond19 x 1219.0012.00
Dining AreaSecond12 x 512.005.00
KitchenSecond12 x 812.008.00
BedroomFirst12 x 1412.0014.00
BedroomFirst11 x 1211.0012.00

Listing Office: Assurance Realty of NWFL LLC

Last Updated: March - 30 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.


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