940 Highway 98, Unit 54

Destin, FL 32541

$449,900
Price
2
Beds
1,191 Sq. Ft.
$378 / Sq. Ft.
1,191
Sq. Ft.
$378
per Sq. Ft.
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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...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!
  1. Listed by Cosmo M Spellings • Brokerage DRE #1033115 • Assurance Realty of NWFL LLC
    P: (850)-699-1856 C: (850)-699-1856 cosmo@nwfl4sale.com

Property Details for 940 Highway 98, Unit 54

Waterfront Features
Lake
View
Lake
Architectural Style
N/A
Subdivision Name
SOUTH BAY BY THE GULF #2
Waterfront YN
Yes
LISTING UPDATED: 03/05/2026 06:28 AM

Property Details for 940 Highway 98, Unit 54

StatusActive
MLS #986331
Days on Market171
Taxes-
HOA Fees$860 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1974
CountyOkaloosa County
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Location

Listing Courtesy of Assurance Realty of NWFL LLC
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Building Information for 940 Highway 98, Unit 54

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

Payment Calculator

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$3,364 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,183

Property Taxes

$321

HOA Dues

$860

The Payment Calculator is for illustrative purposes only.

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Property Information for 940 Highway 98, Unit 54

Summary
Location and General Information
  • Community Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Fishing, Gated Community, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Separate Storage, Tennis, TV Cable, Waterfront
  • Directions: From Hwy 98, Turn South at South Bay Sign. Follow to the end of the parking lot on the left. Unit is the end unit in the last bank of units on the left.
  • MLS Area Minor: 1401 - Destin Beach West
  • MLS Area Major: 14 - Destin
  • Latitude: 30.386157
  • Longitude: -86.47847
  • 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 G-1
  • Project Facilities: BBQ PitGrill2, Beach, Community Room, Deed Access, Dumpster, Fishing, Gated Community, PavillionGazebo2, Pets Allowed2, Pickle Ball, Picnic Area, Pool2, Separate Storage, Short Term Rental - Allowed, Tennis, TV Cable3, Waterfront
  • Garage: 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 G-1
  • Parcel Number: 00-2S-22-4200-00G1-0000
  • Association Fee: $0
  • Association YN: Yes
School Information
  • Elementary School: Destin
  • Middle Or Junior School: Destin
  • High School: Destin
Parking
  • Carport YN: No
  • General Property Info:Assigned Spaces: 1.0
Property
Lot Information
  • Building Area Source: County PA Records
  • Lot Size Units: Acres
  • Property Condition: Renovated, Construction Complete
  • Building Area Total: 1191.0
  • General Property Info:SqFt Source: County PA Records
  • Waterfront: Lake
  • Waterview: Lake2
Property and Assessments
  • 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: Roof Composite Shngl, Siding CmntFbrHrdBrd, Slab
  • 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, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Construction Materials: Siding CmntFbrHrdBrd
  • Foundation Details: Slab
  • Pool Features: Pool Type
  • Patio And Porch Features: Patio Open
  • 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: 2.0
  • General Property Info:Pool: Yes
  • General Property Info:Pool Type: Community
  • Exterior: Balcony, Patio Open
Interior Features
  • Heating: Central
  • Cooling: Ceiling Fans, Central Air
  • Interior Features: Newly Painted, Pantry, Washer/Dryer Hookup, Woodwork Painted
  • Flooring: Floor Laminate, Floor Tile
  • Window Features: Window Treatment All
  • Room Type: Living Room, Dining Area, Kitchen, 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: 2.0
  • Bathrooms Full: 2.0
  • Bathrooms Half: 1.0
  • Interior: Floor Laminate, Floor Tile, Newly Painted, Pantry, Renovated2, WasherDryer Hookup, Window Treatment All, Woodwork Painted
  • Appliances: Dishwasher, Microwave, Smoke Detector, StoveOven Electric
Room Information
Room 1
  • Room Type: Living Room
  • Room Level: Second
  • Room Length: 19.0
  • Room Width: 12.0
  • Room Dimensions: 19 x 12
Room 2
  • Room Type: Dining Area
  • Room Level: Second
  • Room Length: 12.0
  • Room Width: 5.0
  • Room Dimensions: 12 x 5
Room 3
  • Room Type: Kitchen
  • Room Level: Second
  • Room Length: 12.0
  • Room Width: 8.0
  • Room Dimensions: 12 x 8
Room 4
  • Room Type: Bedroom
  • Room Level: First
  • Room Length: 12.0
  • Room Width: 14.0
  • Room Dimensions: 12 x 14
Room 5
  • Room Type: Bedroom
  • Room Level: First
  • Room Length: 11.0
  • Room Width: 12.0
  • Room Dimensions: 11 x 12
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 54

DateEvent & SourcePriceAppreciation
Mar 5, 2026

Price Change

ECAR #986331

$449,900—
Jan 20, 2026

Price Change

ECAR #986331

$459,900—
Dec 10, 2025

Price Change

ECAR #986331

$470,000—
Nov 1, 2025

Price Change

ECAR #986331

$479,900—
Sep 27, 2025

Price Change

ECAR #986331

$459,900—
Sep 27, 2025

Listed (Active)

ECAR #986331

$489,900—
Feb 1, 2007

Sold

ECAR #403956

$379,000—
Jan 29, 2007

Sold (Public Record)

Public Record #213958489

$379,000

+3.0% / yr

Jan 17, 2007

Pending

ECAR #403956

—
Jan 16, 2007

Listed (Active)

ECAR #403956

$425,000—
Apr 8, 2005

Sold (Public Record)

Public Record #155915285

$359,000

+51.3% / yr

Apr 1, 2005

Sold

ECAR #380228

$359,000—
Mar 2, 2005

Pending

ECAR #380228

—
Feb 17, 2005

Expired

ECAR #379096

—
Feb 2, 2005

Listed (Active)

ECAR #380228

$359,000—
Feb 2, 2005

Listed (Active)

ECAR #379096

$359,000—
May 24, 2004

Sold (Public Record)

Public Record #136504375

$250,000

+33.7% / yr

Jan 17, 2003

Sold (Public Record)

Public Record #107610279

$169,000—
Sep 10, 2002

Sold (Public Record)

Public Record #99555922

$169,000—
Sep 6, 2002

Sold

ECAR #328792

$169,000—
Sep 2, 2002

Sold

ECAR #328726

$169,000—
Aug 30, 2002

Pending

ECAR #328726

—
Aug 15, 2002

Pending

ECAR #328792

—
Jul 12, 2002

Expired

ECAR #313930

$178,000—
Jul 12, 2002

Listed (Active)

ECAR #328792

$178,000—
Jul 11, 2002

Listed (Active)

ECAR #328726

$178,000—
Aug 14, 2001

Listed (Active)

ECAR #313930

$178,000—
DateEvent & SourcePrice
03/05/2026

Price Change

ECAR #986331

$449,900
01/20/2026

Price Change

ECAR #986331

$459,900
12/10/2025

Price Change

ECAR #986331

$470,000
11/01/2025

Price Change

ECAR #986331

$479,900
09/27/2025

Price Change

ECAR #986331

$459,900
09/27/2025

Listed (Active)

ECAR #986331

$489,900
02/01/2007

Sold

ECAR #403956

$379,000
01/29/2007

Sold (Public Record)

Public Record #213958489

$379,000

+3.0% / yr

01/17/2007

Pending

ECAR #403956

—
01/16/2007

Listed (Active)

ECAR #403956

$425,000
04/08/2005

Sold (Public Record)

Public Record #155915285

$359,000

+51.3% / yr

04/01/2005

Sold

ECAR #380228

$359,000
03/02/2005

Pending

ECAR #380228

—
02/17/2005

Expired

ECAR #379096

—
02/02/2005

Listed (Active)

ECAR #380228

$359,000
02/02/2005

Listed (Active)

ECAR #379096

$359,000
05/24/2004

Sold (Public Record)

Public Record #136504375

$250,000

+33.7% / yr

01/17/2003

Sold (Public Record)

Public Record #107610279

$169,000
09/10/2002

Sold (Public Record)

Public Record #99555922

$169,000
09/06/2002

Sold

ECAR #328792

$169,000
09/02/2002

Sold

ECAR #328726

$169,000
08/30/2002

Pending

ECAR #328726

—
08/15/2002

Pending

ECAR #328792

—
07/12/2002

Expired

ECAR #313930

$178,000
07/12/2002

Listed (Active)

ECAR #328792

$178,000
07/11/2002

Listed (Active)

ECAR #328726

$178,000
08/14/2001

Listed (Active)

ECAR #313930

$178,000

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

Public Records for 940 Highway 98, Unit 54

Taxable ValueLand-Additions$355,000Total-
Tax Record2025$3,850 ($321 / month)
Home Facts
Beds2Total Finished SqFt1,191 SqFtAbove Grade Finished SqFt1,191 SqFtLot Size470,365 SqFtStyleCondominiumYear Built1974CountyOKALOOSAAPN00-2S-22-4200-00G1-0000

Schools near 940 Highway 98, Unit 54

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 54, Destin, FL 32541

940 Highway 98, Unit 54 is a condo for sale in Destin, FL 32541. This property was listed for sale on September 27, 2025 by Assurance Realty of NWFL LLC, it's currently listed at $449,900. It has been on the market for a total of 171 days and was last sold on February 1, 2007. 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 54 is a 2-bed, 3-bath, 1,191 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Assurance Realty of NWFL 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.