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!
Sold for $397,000
Zestimate®
$397,000
940 Highway 98 E Unit 54, Destin, FL 32541
2beds
1,191sqft
Condominium
Built in 1974
-- sqft lot
$397,000 Zestimate®
$333/sqft
$3,868 Estimated rent
Home value
$397,000
$373,000 - $425,000
$3,868/mo
Zestimate® history
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$3,868/mo
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$2,549/mo
Est. payment
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$2,549/mo
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List your homeWhat's special
Completely renovatedFresh paintElegant granite topsNew dimensional shingleChic modern makeoverLvp flooring throughoutBrand-new stainless steel appliances
Zillow last checked:
Listing updated:
Listed by:
Cosmo M Spellings 850-699-1856,
Assurance Realty of NWFL LLC
Bought with:
Terry G Tallent, 3153317
Aquatic Resort Properties Inc
Source: ECAOR,MLS#: 986331
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: First
- Area: 168 Square Feet
- Dimensions: 12 x 14
Bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 11 x 12
Dining area
- Level: Second
- Area: 60 Square Feet
- Dimensions: 12 x 5
Kitchen
- Level: Second
- Area: 96 Square Feet
- Dimensions: 12 x 8
Living room
- Level: Second
- Area: 228 Square Feet
- Dimensions: 19 x 12
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Microwave, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Newly Painted, Pantry, Woodwork Painted
- Flooring: Laminate, Tile
- Windows: Window Treatments
Interior area
- Total structure area: 1,191
- Total interior livable area: 1,191 sqft
Property
Features
- Patio & porch: Patio
- Exterior features: Balcony
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
Details
- Parcel number: 002S22420000G10000
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Siding CmntFbrHrdBrd
- Foundation: Slab
- Roof: Composition
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 1974
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Fishing, Gated, Pavillion/Gazebo, Picnic Area, Pool, Separate Storage, TV Cable, Tennis Court(s), Waterfront, Pickleball, Short Term Rental - Allowed
- Security: Smoke Detector(s)
- Subdivision: SOUTH BAY BY THE GULF #2
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Insurance, Legal, Licenses/Permits, Management, Security, Sewer, Cable TV, Trash, Water, Internet
Location
- Region: Destin
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $355,000
- Annual tax amount: $3,674
- Date on market: 9/27/2025
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $397,000+1218.9%$333/sqft |
Source:  ECAOR #986331 Report a problem | ||
| 9/6/2013 | Sold | $30,100-92.1%$25/sqft |
Source: Public Record Report a problem | ||
| 2/2/2007 | Sold | $379,000+5.6%$318/sqft |
Source: Public Record Report a problem | ||
| 4/8/2005 | Sold | $359,000+43.6%$301/sqft |
Source: Public Record Report a problem | ||
| 5/24/2004 | Sold | $250,000+47.9%$210/sqft |
Source: Public Record Report a problem | ||
| 1/17/2003 | Sold | $169,000$142/sqft |
Source: Public Record Report a problem | ||
| 9/10/2002 | Sold | $169,000$142/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,674 +3.5% | $272,855 -23.1% |
| 2023 | $3,549 +10.3% | $355,000 +12.7% |
| 2022 | $3,217 +26.4% | $315,000 +53.7% |
| 2021 | $2,546 +1.7% | $205,000 +2.5% |
| 2020 | $2,502 +6.6% | $200,000 +8.1% |
| 2019 | $2,347 +1.5% | $185,000 +2.8% |
| 2018 | $2,311 | $180,000 +7.8% |
| 2017 | $2,311 +5.9% | $167,000 |
| 2016 | $2,183 +0.6% | $167,000 +5.7% |
| 2015 | $2,169 -5.1% | $158,000 +9% |
| 2014 | $2,286 | $145,000 +12.4% |
| 2013 | -- | $129,000 |
| 2012 | -- | $129,000 -4.4% |
| 2011 | -- | $135,000 -19.6% |
| 2010 | -- | $168,000 -25% |
| 2009 | -- | $224,000 -4.3% |
| 2008 | -- | $234,000 -19.3% |
| 2007 | -- | $290,000 -3.3% |
| 2006 | -- | $300,000 +42.9% |
| 2005 | -- | $210,000 +50% |
| 2004 | -- | $140,000 +24.6% |
| 2003 | -- | $112,400 +5% |
| 2002 | -- | $107,000 +1.9% |
| 2001 | -- | $105,000 |
Find assessor info on the county website
Neighborhood: 32541
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Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.3 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 3.3 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 9.8 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Destin
- 32541
- 940 Highway 98 E Unit 54
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