940 Highway 98, Unit 36
Description
3 bedrooms upstairs with a complete renovation in 2023. Nearly everything is new. As a self managed STR, this did $58K in 2024 at only 50% occupancy. Sellers also use it a good amount. Remove owner usage to rent it more aggressively and watch the revenue...Here is your chance to own the nicest unit available in Southbay! This beautifully renovated / fully furnished 3BD/2.5BA Townhome (1289 sq. ft.) in Southbay by the Gulf. This unit features 2 stories with a large, open floor plan on the main level and
3 bedrooms upstairs with a complete renovation in 2023. Nearly everything is new. As a self managed STR, this did $58K in 2024 at only 50% occupancy. Sellers also use it a good amount. Remove owner usage to rent it more aggressively and watch the revenue climb! Easy beach access as well as a quick drive to everything Destin has to offer. You will love all the new features: New painting, Murals done, panels done, New furniture and beds except for bunk beds, HVAC system replaced, New washing machine, New kitchen burner,
Schlage door lock, Ring door camera and ring perimeter camera. HOA installed a new ball and tennis court, New walking bridge and new roof on the property.
- Listed by Pete Appezzato • Brokerage DRE #no data • EXP Realty LLCP: (212)-300-5102 C: (212)-300-5102 pete@theshorttermshop.com
Property Details for 940 Highway 98, Unit 36
Property Details for 940 Highway 98, Unit 36
| Status | Active |
|---|---|
| MLS # | 990969 |
| Days on Market | 100 |
| Taxes | - |
| HOA Fees | $860 / month |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential / Attached Single Unit |
| Year Built | 1975 |
| Lot Size | - |
| County | Okaloosa County |
Location
Building Information for 940 Highway 98, Unit 36
Payment Calculator
$3,843 per month
30 year fixed, 6.11% Interest
$2,613
$370
$860
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1Property Information for 940 Highway 98, Unit 36
- Community Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
- Directions: Traveling east on HWY 98 go through Gulf Shore Drive intersection, and just past WEST MARINE make a right into South Bay. Traveling west on HWY 98 go past PANCAKERY and make a left into South Bay. Go approx. 1 block and the unit is on your right across from the lakefront units.
- MLS Area Minor: 1401 - Destin Beach West
- MLS Area Major: 14 - Destin
- Latitude: 30.387041
- Longitude: -86.479129
- 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 F-3
- Project Facilities: BBQ PitGrill2, Beach, Community Room, Dumpster, Fishing, Gated Community, Laundry, PavillionGazebo2, Pets Allowed2, Picnic Area, Pool2, Short Term Rental - Allowed, Tennis, TV Cable3
- Association Fee Frequency: Monthly
- Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Land Recreation, Master Association, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash
- Association Fee2: $860
- Tax Legal Description: SOUTHBAY BY THE GULF UNIT F-3
- Parcel Number: 00-2S-22-4200-00F3-0000
- Association Fee: $0
- Association YN: Yes
- Elementary School: Destin
- Middle Or Junior School: Destin
- High School: Destin
- Carport YN: No
- Building Area Source: County PA Records
- Lot Size Units: Acres
- Property Condition: Renovated, Construction Complete
- Lot Features: Within 1/2 Mile to Water
- Building Area Total: 1289.0
- General Property Info:SqFt Source: County PA Records
- Waterview: Lake2
- Lot Features: Within 12 Mile to Water
- Floor Plans Count: 0.0
- Property Type: Residential
- Year Built: 1975.0
- Property Sub Type: Attached Single Unit
- New Construction YN: No
- General Property Info:Sub-Type: Attached Single Unit
- General Property Info:Design: Townhome
- Listing Info Tax Legal:Homestead: false
- Construction Status: Construction Complete
- Construction Siding: Frame, Roof Composite Shngl, Siding Wood, Slab
- Occupancy Status: Vacation Rental
- Sewer: True
- Utilities: Electric, Public Water, TV Cable
- Electric: True
- Utilities: Electric, Public Sewer, Public Water, TV Cable
- Energy: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
- Exterior Features: Balcony, Tennis Court
- Construction Materials: Frame, Siding Wood
- Foundation Details: Slab
- Stories: 2.0
- Pool Features: Pool - Heated, Pool - In-Ground, Pool Type
- Patio And Porch Features: Deck Open
- General Property Info:Pool: Yes
- General Property Info:Pool Type: Community
- Exterior: Balcony, Deck Open, Pool - Heated, Pool - In-Ground, Tennis Court
- Heating: Central
- Cooling: Ceiling Fans, Central Air
- Interior Features: Newly Painted, Washer/Dryer Hookup
- Flooring: Floor Laminate
- Room Type: Living 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 Laminate, Furnished - All, Newly Painted, Renovated2, WasherDryer Hookup
- Appliances: Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator WIceMk, Smoke Detector, StoveOven Electric, Washer
- Room Type: Living Room
- Room Level: First
- Room Length: 17.0
- Room Width: 16.0
- Room Dimensions: 17 x 16
- Room Type: Kitchen
- Room Level: First
- Room Length: 12.0
- Room Width: 8.0
- Room Dimensions: 12 x 8
- Room Type: Master Bedroom
- Room Level: Second
- Room Length: 12.0
- Room Width: 11.0
- Room Dimensions: 12 x 11
- Room Type: Bedroom
- Room Level: Second
- Room Length: 10.0
- Room Width: 10.0
- Room Dimensions: 10 x 10
- Room Type: Bedroom
- Room Level: Second
- Room Length: 10.0
- Room Width: 9.0
- Room Dimensions: 10 x 9
- Furnished: Furnished - All
- General Property Info:Immediate Occupancy: true
- Listing Info Tax Legal:Is Subject Leased: false
Property History for 940 Highway 98, Unit 36
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 8, 2025 | Listed (Active) ECAR #990969 | $538,500 | — |
| Apr 14, 2023 | Sold (Public Record) Public Record #1510379301 | $547,000 | +36.0% / yr |
| Apr 14, 2023 | Sold ECAR #916900 | $547,000 | — |
| Mar 3, 2023 | Pending ECAR #916900 | — | |
| Feb 13, 2023 | Listed (Active) ECAR #916900 | $575,000 | — |
| Apr 30, 2021 | Sold (Public Record) Public Record #1459575937 | $299,900 | +5.4% / yr |
| Apr 30, 2021 | Sold ECAR #868455 | $299,900 | — |
| Apr 9, 2021 | Pending ECAR #868455 | — | |
| Apr 5, 2021 | Listed (Active) ECAR #868455 | $325,000 | — |
| Jul 31, 2009 | Sold (Public Record) Public Record #274574391 | $162,500 | — |
| Jul 31, 2009 | Sold ECAR #480057 | $162,500 | — |
| Jul 13, 2009 | Pending ECAR #480057 | — | |
| Nov 14, 2007 | Listed (Active) ECAR #480057 | $219,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/08/2025 | Listed (Active) ECAR #990969 | $538,500 |
| 04/14/2023 | Sold (Public Record) Public Record #1510379301 | $547,000 +36.0% / yr |
| 04/14/2023 | Sold ECAR #916900 | $547,000 |
| 03/03/2023 | Pending ECAR #916900 | — |
| 02/13/2023 | Listed (Active) ECAR #916900 | $575,000 |
| 04/30/2021 | Sold (Public Record) Public Record #1459575937 | $299,900 +5.4% / yr |
| 04/30/2021 | Sold ECAR #868455 | $299,900 |
| 04/09/2021 | Pending ECAR #868455 | — |
| 04/05/2021 | Listed (Active) ECAR #868455 | $325,000 |
| 07/31/2009 | Sold (Public Record) Public Record #274574391 | $162,500 |
| 07/31/2009 | Sold ECAR #480057 | $162,500 |
| 07/13/2009 | Pending ECAR #480057 | — |
| 11/14/2007 | Listed (Active) ECAR #480057 | $219,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 940 Highway 98, Unit 36
Schools near 940 Highway 98, Unit 36
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| 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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Listing Courtesy of EXP Realty 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.