For sale

$538,400

940 Highway 98 E Unit 36, Destin, FL 32541

3beds

1,289sqft

$3,406/mo

Get pre-qualified

Townhouse

Built in 1975

-- sqft lot

$-- Zestimate^®

$418/sqft

$-- HOA

What's special

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.

269 days
308
23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Level: Second
Area: 132 Square Feet
Dimensions: 12 x 11

Bedroom

Level: Second
Area: 100 Square Feet
Dimensions: 10 x 10

Bedroom

Level: Second
Area: 90 Square Feet
Dimensions: 10 x 9

Kitchen

Level: First
Area: 96 Square Feet
Dimensions: 12 x 8

Living room

Level: First
Area: 272 Square Feet
Dimensions: 17 x 16

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dishwasher, Dryer, Microwave, Washer, Electric Water Heater
Laundry: Common Area, Washer/Dryer Hookup

Features

Newly Painted
Flooring: Laminate
Furnished: Yes

Interior area

Total structure area: 1,289
Total interior livable area: 1,289 sqft

Property

Features

Stories: 2
Patio & porch: Deck
Exterior features: Balcony, Tennis Court(s)
Pool features: Heated, In Ground
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake

Lot

Features: Within 1/2 Mile to Water

Details

Parcel number: 002S22420000F30000
Zoning description: Resid Multi-Family

Construction

Type & style

Home type: Townhouse
Property subtype: Townhouse

Materials

Frame, Wood Siding
Foundation: Slab
Roof: Composition

Condition

Construction Complete,Renovated
New construction: No
Year built: 1975

Utilities & green energy

Water: Public

Community & HOA

Community

Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Fishing, Gated, Pavillion/Gazebo, Picnic Area, Pool, TV Cable, Tennis Court(s), Short Term Rental - Allowed
Security: Smoke Detector(s)
Subdivision: SOUTH BAY BY THE GULF

HOA

Has HOA: Yes
Services included: Maintenance Grounds, Insurance, Land Recreation, Recreational Faclty, Security, Sewer, Cable TV, Trash, Water, Internet

Location

Region: Destin

Financial & listing details

Price per square foot: $418/sqft
Tax assessed value: $375,000
Annual tax amount: $4,441
Date on market: 7/3/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/3/2026	Price change	$538,4000%$418/sqft
Source: ECAOR #990969 Report a problem
12/8/2025	Listed for sale	$538,500-1.6%$418/sqft
Source: ECAOR #990969 Report a problem
4/14/2023	Sold	$547,000-3.9%$424/sqft
Source: ECAOR #916900 Report a problem
3/4/2023	Pending sale	$569,000$441/sqft
Source: ECAOR #916900 Report a problem
2/23/2023	Price change	$569,000-1%$441/sqft
Source: ECAOR #916900 Report a problem
2/13/2023	Listed for sale	$575,000+91.7%$446/sqft
Source: ECAOR #916900 Report a problem
5/3/2021	Sold	$299,900$233/sqft
Source: Public Record Report a problem
4/10/2021	Pending sale	$299,900$233/sqft
Source: RE/MAX International #868455 Report a problem
4/8/2021	Listed for sale	$299,900+84.6%$233/sqft
Source: RE/MAX International #868455 Report a problem
8/5/2009	Sold	$162,500$126/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,441 0%	$375,000
2024	$4,442 +13.8%	$375,000
2023	$3,904 +24.6%	$375,000 +44.2%
2022	$3,133 +176.1%	$260,000 +100.9%
2021	$1,135 +1.1%	$129,419 +1.4%
2020	$1,122 +1.7%	$127,632 +2.3%
2019	$1,103 +1.3%	$124,762 +1.9%
2018	$1,089	$122,436 +2.1%
2017	$1,089 +1%	$119,918 +2.1%
2016	$1,078 +2.8%	$117,452 +0.7%
2015	$1,049 -16.6%	$116,636 +0.8%
2014	$1,257	$115,710 +1.5%
2013	--	$114,000 +1.5%
2012	--	$112,270 +3%
2011	--	$109,000 -17.4%
2010	--	$132,000 -15.4%
2009	--	$156,000
2008	--	$156,000 -13.3%
2007	--	$180,000 -14.3%
2006	--	$210,000 +20%
2005	--	$175,000 +45.8%
2004	--	$120,000 +12%
2003	--	$107,100 +5%
2002	--	$102,000 +2%
2001	--	$100,000