940 E Highway 98 UNIT 54
Destin, FL 32541
MLS# 986331
2 beds | 3 baths | 1191 sqft
Property DescriptionWelcome 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!
Listing Board: Emerald Coast
List Price/SqFt: 377.75
List Date: 2025-09-26
Current Price: $449,900
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
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
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
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!
Community Room: 1
Deed Access: 1
Gated Community: 1
Pavillion/Gazebo: 1
Pets Allowed: 1
Pickle Ball: 1
Separate Storage: 1
Short Term Rental - Allowed: 1
Roof Composite Shngl: 1
Siding CmntFbrHrdBrd: 1
Electric: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Floor Laminate: 1
Floor Tile: 1
Newly Painted: 1
Pantry: 1
Renovated: 1
Washer/Dryer Hookup: 1
Window Treatment All: 1
Woodwork Painted: 1
Dishwasher: 1
Microwave: 1
Smoke Detector: 1
Stove/Oven Electric: 1
AC - Central Elect: 1
Ceiling Fans: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Accounting: 1
Ground Keeping: 1
Insurance: 1
Internet Service: 1
Legal: 1
Licenses/Permits: 1
Area: 14 - Destin
Street #: 940
Street Direction: E
Street Name: Highway 98
County: Okaloosa
Project Name/Subdivision: SOUTH BAY BY THE GULF #2
Parcel ID: 00-2S-22-4200-00G1-0000
Sale Type: Real Estate Owned
Construction Status: Construction Complete
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
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 Name | Level | Dimensions | Length | Width |
| Living Room | Second | 19 x 12 | 19.00 | 12.00 |
| Dining Area | Second | 12 x 5 | 12.00 | 5.00 |
| Kitchen | Second | 12 x 8 | 12.00 | 8.00 |
| Bedroom | First | 12 x 14 | 12.00 | 14.00 |
| Bedroom | First | 11 x 12 | 11.00 | 12.00 |
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.