940 Highway 98, Unit 16

Destin, FL 32541

$495,000
Price
3
Beds
1,289 Sq. Ft.
$384 / Sq. Ft.
1,289
Sq. Ft.
$384
per Sq. Ft.
a front view of a house with garden
an aerial view of a house with a lake view
a view of a patio with table and chairs and potted plants
a wooden door in front of a house
a bathroom with a sink toilet and shower
a living room with furniture a flat screen tv and a floor to ceiling window
a living room with furniture a flat screen tv and a wall painting
a living room with furniture and a painting on the wall
a bedroom with furniture and a couch
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a kitchen with a stove and a microwave
a kitchen with granite countertop a sink and cabinets
a view of a bathroom with a sink and mirror
a bedroom with a bed and a television
a bedroom with a bed and a window
a bathroom with a sink a toilet and shower
a bed sitting in a bedroom next to a window
a bedroom with a bed a flat screen tv and guitar
a bedroom with bed and large window
a bathroom with a sink and toilet
a bathroom with a sink and a mirror
a view of city
an aerial view of a house with swimming pool and furniture
an aerial view of a house with yard swimming pool and ocean view
an aerial view of a city with balcony
an aerial view of a house with outdoor space and lake view
an aerial view of residential houses with outdoor space
an aerial view of a house with outdoor space
a view of a sky from a terrace
a view of swimming pool with outdoor seating

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. The...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. 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.
  1. Listed by Christopher L Wooten • Brokerage DRE #1044360 • Taylor Allen Properties LLC
    P: (850)-502-9900 C: (850)-502-9900 cwooten85@gmail.com

Property Details for 940 Highway 98, Unit 16

Architectural Style
N/A
Subdivision Name
SOUTH BAY BY THE GULF
LISTING UPDATED: 02/05/2026 09:14 PM

Property Details for 940 Highway 98, Unit 16

StatusActive
MLS #994642
Days on Market3
Taxes$4,441 / year
HOA Fees$860 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1974
CountyOkaloosa County

Location

Listing Courtesy of Taylor Allen Properties LLC
Add your commute

Building Information for 940 Highway 98, Unit 16

Building/Complex940 Highway 98Floor-Stories2Residences8Pet Policy-Pet Policy Details-Year Built1974

Payment Calculator

$3,643 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,413

Property Taxes

$370

HOA Dues

$860

The Payment Calculator is for illustrative purposes only.

Property Information for 940 Highway 98, Unit 16

Summary
Location and General Information
  • Community Features: Short Term Rental - Allowed, Deed Access, Pool, Tennis
  • Directions: Located on the south side of HWY 98, across from Jimmy John's, between Sunsations and Shores Shopping Center. Going east on HWY 98 make a right into South Bay entrance. Unit is located in the first complex on your right next to the entrance of South Bay.
  • MLS Area Minor: 1401 - Destin Beach West
  • MLS Area Major: 14 - Destin
  • Latitude: 30.388015
  • Longitude: -86.478686
  • Location Tax and Legal:Sub Area: 1401 - Destin Beach West
  • Location Tax and Legal:Elementary School: Destin
  • Location Tax and Legal:Middle School: Destin
  • Location Tax and Legal:High School: Destin
  • Location Tax and Legal:Legal Description: SOUTHBAY BY THE GULF UNIT B-7
  • Project Facilities: Deed Access, Pool2, Short Term Rental - Allowed, Tennis
  • Garage 2: false
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Legal, Licenses/Permits, Management, Security, Sewer, Water, Cable TV, Trash
  • Association Fee2: $860
  • Tax Legal Description: SOUTHBAY BY THE GULF UNIT B-7
  • Parcel Number: 00-2S-22-4200-00B7-0000
  • Association Fee: $0
  • Association YN: Yes
  • Tax Annual Amount: $4,441
  • Listing Info Tax Legal:Last Taxes: $4,441
  • Listing Info Tax Legal:Last Tax Year: 2025.0
School Information
  • Elementary School: Destin
  • Middle Or Junior School: Destin
  • High School: Destin
Parking
  • Carport YN: No
  • General Property Info:Street Spaces: 2.0
  • General Property Info:Assigned Spaces: 1.0
Property
Lot Information
  • Building Area Source: County PA Records
  • Lot Size Units: Acres
  • Property Condition: Construction Complete
  • Building Area Total: 1289.0
  • General Property Info:SqFt Source: County PA Records
Property and Assessments
  • Tax Year: 2025.0
  • Floor Plans Count: 0.0
  • Property Type: Residential, Condo
  • Year Built: 1974.0
  • Property Sub Type: Condominium
  • New Construction YN: No
  • General Property Info:Sub-Type: Condominium
  • General Property Info:Design: N/A
  • General Property Info:Pre-Const Flip: false
  • Listing Info Tax Legal:Homestead: false
  • Construction Status: Construction Complete
  • Construction Siding: Frame, Siding Wood
  • Occupancy Status: Vacation Rental
Utilities
  • Sewer: True
  • Utilities: Electric, Public Water, TV Cable
  • Electric: True
  • 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
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Siding Wood
  • Pool Features: Pool Type
  • Patio And Porch Features: Patio Open, Porch
  • Stories Total: 2.0
  • General Property Info:Stories In Unit: 2.0
  • General Property Info:# of Units in Bldg: 8.0
  • General Property Info:Stories in Building: 2.0
  • General Property Info:Unit Floors Above Ground: 1.0
  • General Property Info:Pool: Yes
  • General Property Info:Pool Type: Community
  • Exterior: Patio Open, Porch
Interior Features
  • Heating: Central
  • Cooling: Ceiling Fans, Central Air
  • Interior Features: Owner's Closet, Pantry, Washer/Dryer Hookup
  • Flooring: Floor Tile
  • Window Features: Window Treatment All
  • Door Features: Storm Door(s)
  • Room Type: Dining Room, Kitchen, Master Bedroom, Bedroom
  • Rooms Total: 5.0
  • Bathrooms Total Integer: 3.0
  • Bathrooms Total Decimal: 2.5
  • Bathrooms Total Notational: 2.1
  • Cooling YN: Yes
  • Heating YN: Yes
  • Bedrooms Total: 3.0
  • Bathrooms Full: 2.0
  • Bathrooms Half: 1.0
  • Interior: Floor Tile, Owner's Closet, Pantry, WasherDryer Hookup, Window Treatment All
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator WIceMk
Room Information
Room 1
  • Room Type: Dining Room
  • Room Level: First
  • Room Length: 19.0
  • Room Width: 17.0
  • Room Description: Dining/Living Combo
  • Room Dimensions: 19 x 17
Room 2
  • Room Type: Kitchen
  • Room Level: First
  • Room Length: 14.0
  • Room Width: 8.0
  • Room Dimensions: 14 x 8
Room 3
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 12.0
  • Room Width: 12.0
  • Room Dimensions: 12 x 12
Room 4
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 11.0
  • Room Width: 10.0
  • Room Dimensions: 11 x 10
Room 5
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 10.0
  • Room Width: 9.0
  • Room Dimensions: 10 x 9
Multi Family
Multi Family Information
  • Number Of Units In Community: 8.0
Rental
Rent Information
  • General Property Info:Immediate Occupancy: true
  • Listing Info Tax Legal:Is Subject Leased: false

Property History for 940 Highway 98, Unit 16

DateEvent & SourcePriceAppreciation
Feb 6, 2026

Listed (Active)

ECAR #994642

$495,000—
May 19, 2022

Sold (Public Record)

Public Record #1491816393

$455,000

+10.9% / yr

May 19, 2022

Sold

ECAR #896606

$455,000—
Apr 30, 2022

Pending

ECAR #896606

—
Apr 23, 2022

Listed (Active)

ECAR #896606

$455,000—
Aug 13, 2010

Sold (Public Record)

Public Record #295052946

$135,000

-2.5% / yr

Aug 13, 2010

Sold

ECAR #524888

$135,000—
Jun 27, 2010

Pending

ECAR #524888

—
Oct 2, 2009

Expired

ECAR #498236

—
Sep 30, 2009

Listed (Active)

ECAR #524888

$149,000—
Jul 4, 2008

Listed (Active)

ECAR #498236

$215,000—
Aug 1, 2006

Expired

ECAR #419110

$424,900—
Feb 15, 2006

Listed (Active)

ECAR #419110

$424,900—
Jan 31, 2006

Expired

ECAR #396536

—
Jul 16, 2005

Expired

ECAR #385520

—
Jul 16, 2005

Listed (Active)

ECAR #396536

$425,000—
Apr 8, 2005

Listed (Active)

ECAR #385520

$392,000—
Dec 31, 2004

Expired

ECAR #369026

—
Aug 23, 2004

Expired

ECAR #363695

$349,500—
Aug 23, 2004

Listed (Active)

ECAR #369026

$340,000—
Jun 30, 2004

Expired

ECAR #363523

$395,000—
Jun 17, 2004

Listed (Active)

ECAR #363695

$395,000—
Jun 15, 2004

Listed (Active)

ECAR #363523

$395,000—
Jun 2, 2004

Sold

ECAR #362878

$235,000—
May 3, 2004

Pending

ECAR #362878

—
Apr 30, 2004

Listed (Active)

ECAR #362878

$235,000—
Sep 29, 2003

Sold (Public Record)

Public Record #122690843

$161,000—
Sep 25, 2003

Sold

ECAR #338678

$161,000—
Aug 30, 2003

Pending

ECAR #338678

—
Feb 25, 2003

Listed (Active)

ECAR #338678

$170,000—
DateEvent & SourcePrice
02/06/2026

Listed (Active)

ECAR #994642

$495,000
05/19/2022

Sold (Public Record)

Public Record #1491816393

$455,000

+10.9% / yr

05/19/2022

Sold

ECAR #896606

$455,000
04/30/2022

Pending

ECAR #896606

—
04/23/2022

Listed (Active)

ECAR #896606

$455,000
08/13/2010

Sold (Public Record)

Public Record #295052946

$135,000

-2.5% / yr

08/13/2010

Sold

ECAR #524888

$135,000
06/27/2010

Pending

ECAR #524888

—
10/02/2009

Expired

ECAR #498236

—
09/30/2009

Listed (Active)

ECAR #524888

$149,000
07/04/2008

Listed (Active)

ECAR #498236

$215,000
08/01/2006

Expired

ECAR #419110

$424,900
02/15/2006

Listed (Active)

ECAR #419110

$424,900
01/31/2006

Expired

ECAR #396536

—
07/16/2005

Expired

ECAR #385520

—
07/16/2005

Listed (Active)

ECAR #396536

$425,000
04/08/2005

Listed (Active)

ECAR #385520

$392,000
12/31/2004

Expired

ECAR #369026

—
08/23/2004

Expired

ECAR #363695

$349,500
08/23/2004

Listed (Active)

ECAR #369026

$340,000
06/30/2004

Expired

ECAR #363523

$395,000
06/17/2004

Listed (Active)

ECAR #363695

$395,000
06/15/2004

Listed (Active)

ECAR #363523

$395,000
06/02/2004

Sold

ECAR #362878

$235,000
05/03/2004

Pending

ECAR #362878

—
04/30/2004

Listed (Active)

ECAR #362878

$235,000
09/29/2003

Sold (Public Record)

Public Record #122690843

$161,000
09/25/2003

Sold

ECAR #338678

$161,000
08/30/2003

Pending

ECAR #338678

—
02/25/2003

Listed (Active)

ECAR #338678

$170,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 940 Highway 98, Unit 16

Taxable ValueLand-Additions$375,000Total-
Tax Record2025$4,441 ($370 / month)
Home Facts
Beds3Total Finished SqFt1,289 SqFtAbove Grade Finished SqFt1,289 SqFtLot Size470,365 SqFtStyleCondominiumYear Built1974CountyOKALOOSAAPN00-2S-22-4200-00B7-0000

Schools near 940 Highway 98, Unit 16

This home is within Okaloosa County School District.
Rating
School
Type
Grades
Distance
Destin Elementary School
Public - PK to 4
Destin Middle School
Public - 5 to 8
Fort Walton Beach High School
Public - 9 to 12
Destin High School
Charter - 9 to 12
Rating
School
Distance
Destin Elementary School
PublicPK to 4

Destin Middle School
Public5 to 8

Fort Walton Beach High School
Public9 to 12

Destin High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 940 Highway 98, Unit 16, Destin, FL 32541

940 Highway 98, Unit 16 is a condo for sale in Destin, FL 32541. This property was listed for sale on February 6, 2026 by Taylor Allen Properties LLC, it's currently listed at $495,000. It has been on the market for a total of 3 days and was last sold on May 19, 2022. This listing's school district is Okaloosa County School District. Nearby schools include Destin Elementary School, Destin Middle School and Fort Walton Beach High School. 940 Highway 98, Unit 16 is a 3-bed, 3-bath, 1,289 sqft condo built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Taylor Allen Properties LLC

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.