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940 E Highway 98 UNIT 54, Destin, FL 32541

$459,900
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,191 Status: Active
Current Price: $459,900 List Date: 9/27/2025 Last Modified: 2/07/2026

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!

More Information MLS# 986331

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 386.15 List Date: 2025-09-26 Current Price: $459,900 List Price: $459,900

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

Living Room Level: Second Dimensions: 19 x 12 Length: 19.00 Width: 12.00 Dimensions: 19 x 12 Dining Area Level: Second Dimensions: 12 x 5 Length: 12.00 Width: 5.00 Dimensions: 12 x 5 Kitchen Level: Second Dimensions: 12 x 8 Length: 12.00 Width: 8.00 Dimensions: 12 x 8 Bedroom Level: First Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14 Bedroom Level: First Dimensions: 11 x 12 Length: 11.00 Width: 12.00 Dimensions: 11 x 12
Listing Office: Assurance Realty of NWFL LLC
Last Updated: February - 07 - 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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