South Bay by The Gulf

940 Hwy. 98 #32

$525,000

● House - Off Market

940 Hwy. 98 #32

Destin, FL 32541

3 Beds

3 Baths, 1 Half Bath

1,289 Ft²

$559,003

RealtyHop Estimate

4.49%

Since Mar 1, 2023

National-US

Primary Model

About This Property

80k Rental Projection! This beautiful, renovated condo at South Bay is located south of Highway 98, has assigned parking at the front door, is located directly across from the pool and is a quick walk to the beautiful beach! This rental powerhouse boasts 3 spacious bedrooms, 2.5 baths including newly renovated master bathroom and guest powder bathroom. Enjoy the many resort style amenities of South Bay including: 2 pools, 2 kiddie pools, 5 acre fresh water lake, lighted tennis courts, shuffle board courts, beach side volley ball, BBQ grilling area and lush grounds made for walking and enjoying the Florida wildlife!

New water heater, refrigerator and windows, HVAC, 12' Insulation in attic, ceiling fans, hurricane sliding door, new carpet in bedrooms

Unit Size

1,289 Ft²

Days on Market

Land Size

Price per sqft

$415

Property Type

House

Property Taxes

$236

HOA Dues

$655

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (ECAR MLS #914599)

Price History

Date / Event	Date	Event
Feb 13, 2023	Sold	Premium
Sold
Jan 4, 2023	Listed by Engel & Volkers 30A Beaches	$535,000
Listed by Engel & Volkers 30A Beaches
Jan 25, 2020	No longer available	-
No longer available
Jan 21, 2020	Listed	$269,000
Listed

	$35,000/annual rental history! This beautiful, renovated condo at South Bay is located south of Highway 98, has assigned parking at the front door, is located directly across from the pool and is a quick walk to the beautiful beach! This rental powerhouse boasts 3 spacious bedrooms, 2.5 baths including newly renovated master bathroom and guest powder bathroom in January 2020! Kitchen renovated in 2015 and includes stainless steel appliances. Step right in to the high dollar rental season with this PROVEN rental producer! Enjoy the many resort style amenities of South Bay including: 2 pools, 2 kiddie pools, 5 acre fresh water lake, lighted tennis courts, shuffle board courts, beach side volley ball, BBQ grilling area and lush grounds made for walking and enjoying the Florida wildlife! The manager has listed the unit size as 1289 square feet.
Apr 11, 2014	Sold	Premium
Sold
Nov 15, 2012	Listed by Chandler Associates	$159,900
Listed by Chandler Associates

	A great deal on a large 3BR/2.5 BA split level End Unit town home (no elevators!) on beach side of Hwy 98. Two assigned parking spaces right outside your front door just steps from a large pool that's so convenient - it feels like its yours, but it's not too close so you don't have to deal with noise. King master along with a Queen second bedroom and twin beds in the third bedroom all upstairs. TWO outside storage units off the large patio for beach and pool stuff - one for you and one for your guests. Grassed area just off the patio big enough for kids to have a catch. Its a quick, pleasant 5 minute walk through the complex over the fresh water lake to the private beach with no streets to cross. Full size washer/dryer. Electrical panel has been replaced in last few years. New oven/stove/microwave and refrigerator. New A/C also just installed! New sleeper sofa and love seat in the spacious living room downstairs. Tile throughout ground floor, and stairs are hardwood. Second pool is heated in winter season, and newly resurfaced tennis courts are lighted. Seller is motivated and will consider all reasonable offers.

Property Highlights

Parking Available

Air Conditioning

Interior Details

Bedrooms: 3

Full Bathrooms: 2

Half Bathrooms: 1

Rooms: 7

Exterior Details

Property Condition: Construction Complete

Year Built: 1975

Pool Features: Pool Type

Financial Details

Tax Year: 2022

Tax Annual Amount: $2,828

Utilities Details

Cooling Type: Ceiling Fan(s), Central Air

Heating Type: Central

Utilities: Electric, Public Sewer, Public Water, TV Cable

Location Details

Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Land Recreation, Legal, Licenses/Permits, Management, Master Association, Other Utilities, Repairs/Maintenance, Security, Sewer, Water, Cable TV, Trash

Association Fee Frequency: Monthly

Association Fee2: $655

Request mortgage information redaction

Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20260613 Unit 120 06/13/2026	120	3 Bed	2 Bath	1289 ft²	$589,000 3 Bed 2 Bath 1289 ft²	$560,000 -4.92% 08/10/2026	Bruce Blankenship RE/MAX Coastal Properties
20260121 Unit 65 01/21/2026	65	2 Bed	2 Bath	1191 ft²	$499,000 2 Bed 2 Bath 1191 ft²	$405,000 -18.84% 08/14/2026	Terry Tallent Aquatic Resort Properties Inc
20240902 Unit 86 09/02/2024	86	3 Bed	2 Bath	-	$549,000 3 Bed 2 Bath	$470,000 -14.39% 06/27/2025	Wanda Duke Destin - Crye*Leike Coastal Realty
20240509 Unit 106 05/09/2024	106	3 Bed	2.5 Bath	1289 ft²	$675,000 3 Bed 2.5 Bath 1289 ft²	- -	Terry G Tallent PMA Real Estate Sales Inc
20240308 Unit 78 03/08/2024	78	3 Bed	2.5 Bath	1289 ft²	$535,000 3 Bed 2.5 Bath 1289 ft²	- -	Erin A Treadwell Mainsail Realty Company
20240118 Unit 44 01/18/2024	44	2 Bed	2.5 Bath	1191 ft²	$499,500 2 Bed 2.5 Bath 1191 ft²	- -	John W Karpowich EXP Realty LLC
20230814 Unit UNIT38 08/14/2023	UNIT38	3 Bed	2 Bath	-	$499,999 3 Bed 2 Bath	$430,000 -14.00% 09/15/2025	Douglas E Addeo Community Realty Associates
20230204 Unit 88 02/04/2023	88	3 Bed	2.5 Bath	1289 ft²	$560,000 3 Bed 2.5 Bath 1289 ft²	- -	Diyana G Nikolova EXP Realty LLC
20230202 Unit 80 02/02/2023	80	2 Bed	2.5 Bath	1289 ft²	$469,500 2 Bed 2.5 Bath 1289 ft²	- -	Bruce Blankenship RE/MAX Coastal Properties
20230109 01/09/2023		3 Bed	2.5 Bath	1289 ft²	$535,000 3 Bed 2.5 Bath 1289 ft²	- -	Shelby Hinson Engel & Volkers 30A Beaches
20230104 Unit 32 01/04/2023	32	3 Bed	3 Bath	1289 ft²	$535,000 3 Bed 3 Bath 1289 ft²	$525,000 -1.87% 02/13/2023	Shelby Hinson Engel & Volkers 30A Beaches
20220424 Unit 16 04/24/2022	16	3 Bed	3 Bath	1289 ft²	$455,000 3 Bed 3 Bath 1289 ft²	- -	At The Beach Team Keller Williams Realty Destin
20211101 Unit 52 11/01/2021	52	2 Bed	3 Bath	1191 ft²	$445,000 2 Bed 3 Bath 1191 ft²	- -	Bruce Blankenship RE/MAX Coastal Properties
20211020 Unit 22 10/20/2021	22	3 Bed	3 Bath	1289 ft²	$359,000 3 Bed 3 Bath 1289 ft²	$371,000 +3.34% 12/02/2021	Caleb Midgett Scenic Sotheby's International Realty
20210819 Unit 100 08/19/2021	100	3 Bed	3 Bath	1289 ft²	$439,900 3 Bed 3 Bath 1289 ft²	- -	Bruce Blankenship RE/MAX Coastal Properties
20210427 Unit 50 04/27/2021	50	2 Bed	3 Bath	1182 ft²	$374,000 2 Bed 3 Bath 1182 ft²	- -	-
20210406 Unit 36 04/06/2021	36	3 Bed	3 Bath	1289 ft²	$325,000 3 Bed 3 Bath 1289 ft²	- -	-
20201002 Unit 69 10/02/2020	69	3 Bed	3 Bath	1289 ft²	$425,000 3 Bed 3 Bath 1289 ft²	- -	-
20200621 Unit 72 06/21/2020	72	2 Bed	2 Bath	1056 ft²	$249,900 2 Bed 2 Bath 1056 ft²	- -	-
20200121 Unit 32 01/21/2020	32	3 Bed	3 Bath	1289 ft²	$269,000 3 Bed 3 Bath 1289 ft²	- -	-
20200116 Unit 25 01/16/2020	25	3 Bed	3 Bath	1289 ft²	$275,000 3 Bed 3 Bath 1289 ft²	- -	-
20190925 Unit 28 09/25/2019	28	3 Bed	3 Bath	1289 ft²	$284,900 3 Bed 3 Bath 1289 ft²	- -	-
20190524 Unit UNIT33 05/24/2019	UNIT33	3 Bed	4 Bath	1289 ft²	$253,000 3 Bed 4 Bath 1289 ft²	$247,000 -2.37% 02/14/2020	John E King RE/MAX Crown Realty
20180923 Unit 98 09/23/2018	98	3 Bed	2 Bath	1289 ft²	- 3 Bed 2 Bath 1289 ft²	- -	-
20160501 Unit 27 05/01/2016	27	3 Bed	3 Bath	1289 ft²	$223,700 3 Bed 3 Bath 1289 ft²	$200,000 -10.59% 08/05/2016	Wanda Duke Destin - Crye*Leike Coastal Realty
20150805 Unit 78 08/05/2015	78	3 Bed	3 Bath	1289 ft²	$210,000 3 Bed 3 Bath 1289 ft²	$205,000 -2.38% 09/30/2015	B J Chandler Chandler Associates
20141215 Unit 121 12/15/2014	121	3 Bed	3 Bath	1289 ft²	$209,000 3 Bed 3 Bath 1289 ft²	$198,000 -5.26% 06/12/2015	Denise Dufault Gulf Coast Realty Group FL
20140924 Unit UNIT15 09/24/2014	UNIT15	3 Bed	3 Bath	1289 ft²	$167,100 3 Bed 3 Bath 1289 ft²	$167,000 -0.06% 07/01/2015	Patricia Williams REALTY ONE GROUP MVP
20130826 Unit 10 08/26/2013	10	3 Bed	4 Bath	1620 ft²	$169,900 3 Bed 4 Bath 1620 ft²	$160,000 -5.83% 12/19/2013	The Kelly Group Team Keller Williams Realty Destin
20130727 Unit 11 07/27/2013	11	4 Bed	3 Bath	1700 ft²	$145,000 4 Bed 3 Bath 1700 ft²	$130,000 -10.34% 08/21/2013	Annemarie Kronfuss ERA American Real Estate
20130601 Unit 27 06/01/2013	27	3 Bed	3 Bath	1289 ft²	$169,900 3 Bed 3 Bath 1289 ft²	$169,500 -0.24% 06/28/2013	Wanda Duke Destin - Crye*Leike Coastal Realty
20130110 Unit 62 01/10/2013	62	2 Bed	3 Bath	1191 ft²	$169,000 2 Bed 3 Bath 1191 ft²	$165,000 -2.37% 05/28/2013	Denise Dufault Gulf Coast Realty Group FL
20121115 Unit 32 11/15/2012	32	3 Bed	3 Bath	1289 ft²	$159,900 3 Bed 3 Bath 1289 ft²	$130,000 -18.70% 04/11/2014	B J Chandler Chandler Associates
20120522 Unit 124 05/22/2012	124	3 Bed	4 Bath	1620 ft²	$549,000 3 Bed 4 Bath 1620 ft²	$525,000 -4.37% 02/15/2013	John Cook STRONG FOUNDATION REALTY LLC
20120420 Unit 90 04/20/2012	90	2 Bed	1 Bath	1056 ft²	$135,000 2 Bed 1 Bath 1056 ft²	$122,000 -9.63% 08/09/2012	The Kelly Group Team Keller Williams Realty Destin
20120326 Unit 131 03/26/2012	131	3 Bed	4 Bath	1620 ft²	$599,900 3 Bed 4 Bath 1620 ft²	$500,000 -16.65% 05/15/2012	John Cook STRONG FOUNDATION REALTY LLC
20111119 Unit 70 11/19/2011	70	3 Bed	3 Bath	1269 ft²	$174,900 3 Bed 3 Bath 1269 ft²	$174,900 11/14/2014	Beth Beno Keller Williams Realty Destin
-00011130 Unit 21 11/30/-0001	21	3 Bed	3 Bath	1289 ft²	$199,000 3 Bed 3 Bath 1289 ft²	- -	-

Building Info

940 U.S. 98 940 U.S. 98, Destin, FL 32541

3 Units for Sale

More about this Building

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About South Bay by The Gulf

Stats & Trends

Median Asking:

$459,500

Sale Price/ft²

$357

Below Asking

0.05%

Average Days on Market

206

Average Home Size

1289 ft²

Average Home Age

51.7 years

Currently For Sale

3 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Listed by: Shelby A Hinson, Engel & Volkers 30A Beaches
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 914599

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