940 Highway 98 UNIT 16, Destin, FL 32541 (MLS# 994642)

940 Highway 98 UNIT 16, Destin, FL 32541

$495,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,289 Status: Active

Current Price: $495,000 List Date: 2/06/2026 Last Modified: 2/06/2026

Description

Welcome to South Bay by the Gulf. Please consider this beautifully maintained condo in the South Bay by the Gulf community in the heart of Destin, Florida. This 1,289 square foot, 3-bedroom, 2.5-bath unit offers an ideal opportunity as a full-time or second home, or short-term vacation rental. Positioned on 14 acres, this family-friendly community of 109 townhomes stretches from Highway 98 to the Gulf of Mexico, enjoying 300 feet of private, deep white sand beach along a low-density shoreline.

Supplements: The unit features an open living and dining floor plan with a sleeper sofa, a fully equipped kitchen, a private landscaped patio, an in-unit washer and dryer, and a functional bedroom layout including a primary suite with private bath, two guest bedrooms, a shared full bath, and a downstairs half-bath. Community amenities include two swimming pools (one seasonally heated), private beach access, a 5-acre freshwater lake stocked with turtles and ducks, a kiddie pool, grilling areas, tennis and pickleball courts, shuffleboard, and beachside volleyball. Conveniently located to Big Kahuna's Water & Adventure Park and just minutes from popular Destin dining and entertainment such as McGuire's Irish Pub, AJ's Seafood & Oyster Bar, and Margaritaville, this property combines coastal lifestyle appeal with strong rental and investment potential.

More Information MLS# 994642

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 384.02 List Date: 2026-02-05 Current Price: $495,000 List Price: $495,000

Location, Tax and Legal

Unit #: UNIT 16 Sub Area: 1401 - Destin Beach West Elementary School: Destin Middle School: Destin High School: Destin Legal Description: SOUTHBAY BY THE GULF UNIT B-7

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: 1 Immediate Occupancy: Yes Pre-Const Flip: No Garage: No Carport: No Street Spaces: 2 Assigned Spaces: 1 Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1289 Bedrooms: 3 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: No New Buyer Fee Paid: $ Last Taxes: 4441.32 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Welcome to South Bay by the Gulf. Please consider this beautifully maintained condo in the South Bay by the Gulf community in the heart of Destin, Florida. This 1,289 square foot, 3-bedroom, 2.5-bath unit offers an ideal opportunity as a full-time or second home, or short-term vacation rental. Positioned on 14 acres, this family-friendly community of 109 townhomes stretches from Highway 98 to the Gulf of Mexico, enjoying 300 feet of private, deep white sand beach along a low-density shoreline.

Construction Status

Construction Complete: 1

Project Facilities

Deed Access: 1 Pool: 1 Short Term Rental - Allowed: 1 Tennis: 1

Construction/Siding

Frame: 1 Siding Wood: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Exterior

Patio Open: 1 Porch: 1

Interior

Floor Tile: 1 Owner's Closet: 1 Pantry: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven Self Cleaning: 1 Refrigerator: 1 Refrigerator W/IceMk: 1

Energy

AC - Central Elect: 1 AC - High Efficiency: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Storm Doors: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBed Walk-in Closet: 1

Master Bedroom

Second: 1

Bedroom

Second: 1

Kitchen

First: 1

Rooms

Bedroom: 1 Dining Room: 1 Kitchen: 1 Master Bedroom: 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 Name: Highway 98 State: FL Zip Code: 32541 County: Okaloosa Project Name/Subdivision: SOUTH BAY BY THE GULF Parcel ID: 00-2S-22-4200-00B7-0000

Property Features

Construction Status: Construction Complete Project Facilities: Deed Access; Pool; Short Term Rental - Allowed; Tennis Exterior: Patio Open; Porch Interior: Floor Tile; Owner's Closet; Pantry; Washer/Dryer Hookup; Window Treatment All Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven Self Cleaning; Refrigerator; Refrigerator W/IceMk Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; AC - High Efficiency; Ceiling Fans; Heat Cntrl Electric; Storm Doors; Water Heater - Elect Master Bedroom: Second Bedroom: Second Kitchen: First Rooms: Bedroom; Dining Room; Kitchen; Master Bedroom Fees Include: Accounting; Ground Keeping; Insurance; Internet Service; Legal; Licenses/Permits; Management; Security; Trash; TV Cable; Water

Room Information

Dining Room Level: First Dimensions: 19 x 17 Length: 19.00 Width: 17.00 Remarks: Dining/Living Combo Dimensions: 19 x 17 Kitchen Level: First Dimensions: 14 x 8 Length: 14.00 Width: 8.00 Dimensions: 14 x 8 Master Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 11 x 10 Length: 11.00 Width: 10.00 Dimensions: 11 x 10 Bedroom Level: Second Dimensions: 10 x 9 Length: 10.00 Width: 9.00 Dimensions: 10 x 9

Listing Office: Taylor Allen Properties LLC

Last Updated: February - 06 - 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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