940 E Highway 98 UNIT 54, Destin, FL 32541 (MLS# 986331)

940 E Highway 98 UNIT 54, Destin, FL 32541

$440,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,191 Status: Active

Current Price: $440,000 List Date: 9/27/2025 Last Modified: 4/21/2026

Overview

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!

Listing Details MLS# 986331

Contract Info

List Price/SqFt: 369.44
Listing Board: Emerald Coast

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

General Property Info

Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 1191
SqFt Source: County PA Records
Full Baths: 2
Half Baths: Yes
Total Bathrooms: 3
Stories In Unit: 2
# of Units in Bldg: 8
Stories in Building: 2
Unit Floors Above Ground: 2
Year Built: 1974
Immediate Occupancy: Yes
Pre-Const Flip: No
Garage: No
Carport: No
Assigned Spaces: Yes
Pool: Yes
Pool Type: Community

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

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

More Information

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: Yes

Waterfront

Lake: Yes

Construction Status

Construction Complete: Yes

Waterview

Lake: Yes

Project Facilities

BBQ Pit/Grill: Yes
Beach: Yes
Community Room: Yes
Deed Access: Yes
Dumpster: Yes
Fishing: Yes
Gated Community: Yes
Pavillion/Gazebo: Yes
Pets Allowed: Yes
Pickle Ball: Yes
Picnic Area: Yes
Pool: Yes
Separate Storage: Yes
Short Term Rental - Allowed: Yes
Tennis: Yes
TV Cable: Yes
Waterfront: Yes

Construction/Siding

Roof Composite Shngl: Yes
Siding CmntFbrHrdBrd: Yes
Slab: Yes

Utilities

Electric: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes

Exterior

Balcony: Yes
Patio Open: Yes

Interior

Floor Laminate: Yes
Floor Tile: Yes
Newly Painted: Yes
Pantry: Yes
Renovated: Yes
Washer/Dryer Hookup: Yes
Window Treatment All: Yes
Woodwork Painted: Yes

Financing

Conventional: Yes
FHA: Yes
VA: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Smoke Detector: Yes
Stove/Oven Electric: Yes

Energy

AC - Central Elect: Yes
Ceiling Fans: Yes
Heat Cntrl Electric: Yes
Water Heater - Elect: Yes

Bedroom

First: Yes

Kitchen

Second: Yes

Living Room

Second: Yes

Rooms

Bedroom: Yes
Dining Area: Yes
Kitchen: Yes
Living Room: Yes

Fees Include

Accounting: Yes
Ground Keeping: Yes
Insurance: Yes
Internet Service: Yes
Legal: Yes
Licenses/Permits: Yes
Management: Yes
Security: Yes
Sewer: Yes
Trash: Yes
TV Cable: Yes
Water: Yes

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

Room Name	Level	Dimensions	Length	Width
Living Room	Second	19 x 12	19.00	12.00
Dining Area	Second	12 x 5	12.00	5.00
Kitchen	Second	12 x 8	12.00	8.00
Bedroom	First	12 x 14	12.00	14.00
Bedroom	First	11 x 12	11.00	12.00

Listing Office: Assurance Realty of NWFL LLC

Last Updated: April - 21 - 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.