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940 E Highway 98 UNIT 54, Destin, FL 32541

$449,900
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,191 Status: Active
Current Price: $449,900 List Date: 9/27/2025 Last Modified: 3/30/2026

Overview

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!

Listing Details MLS# 986331

Contract Info

List Price/SqFt
377.75
Listing Board
Emerald Coast

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

General Property Info

Sub-Type
Condominium
Design
N/A
Apx SqFt(Htd/Cooled)
1191
SqFt Source
County PA Records
Full Baths
2
Half Baths
Yes
Total Bathrooms
3
Stories In Unit
2
# of Units in Bldg
8
Stories in Building
2
Unit Floors Above Ground
2
Year Built
1974
Immediate Occupancy
Yes
Pre-Const Flip
No
Garage
No
Carport
No
Assigned Spaces
Yes
Pool
Yes
Pool Type
Community

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

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

More Information

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
Yes

Waterfront

Lake
Yes

Construction Status

Construction Complete
Yes

Waterview

Lake
Yes

Project Facilities

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

Construction/Siding

Roof Composite Shngl
Yes
Siding CmntFbrHrdBrd
Yes
Slab
Yes

Utilities

Electric
Yes
Public Sewer
Yes
Public Water
Yes
TV Cable
Yes

Exterior

Balcony
Yes
Patio Open
Yes

Interior

Floor Laminate
Yes
Floor Tile
Yes
Newly Painted
Yes
Pantry
Yes
Renovated
Yes
Washer/Dryer Hookup
Yes
Window Treatment All
Yes
Woodwork Painted
Yes

Financing

Conventional
Yes
FHA
Yes
VA
Yes

Appliances

Dishwasher
Yes
Microwave
Yes
Smoke Detector
Yes
Stove/Oven Electric
Yes

Energy

AC - Central Elect
Yes
Ceiling Fans
Yes
Heat Cntrl Electric
Yes
Water Heater - Elect
Yes

Bedroom

First
Yes

Kitchen

Second
Yes

Living Room

Second
Yes

Rooms

Bedroom
Yes
Dining Area
Yes
Kitchen
Yes
Living Room
Yes

Fees Include

Accounting
Yes
Ground Keeping
Yes
Insurance
Yes
Internet Service
Yes
Legal
Yes
Licenses/Permits
Yes
Management
Yes
Security
Yes
Sewer
Yes
Trash
Yes
TV Cable
Yes
Water
Yes

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 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.

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