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About This Home

This 3-bedroom, 3-bathroom townhouse at 940 Highway 98 in Destin, FL is listed for $538,500 ($418 per sqft). Built in 1975, the home offers 1,289 sqft of living space on a N/A lot.

Agent Description

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.

Key Features

  • Built in 1975
  • 2 stories

Property Details

2 stories
2 full, 1 half
#36
1975

Amenities

ViewA/C

Monthly Cost Estimate

$3,740/mo

20% down · 6.5% · 30 years

Principal$389
Interest$2,334
Insurance$157
HOA$860

Estimates only. Actual payments may vary.

Location

940 Highway 98

Destin, FL 32541

SOUTH BAY BY THE GULF

Features & Amenities

Interior Features

Newly PaintedWasher/Dryer Hookup

Exterior Features

BalconyTennis Court

Property Details

Flooring

Laminate

Construction

Frame Siding Wood

Views

Lake

Pool Features

Deck

Heating

Central

Cooling

Central Air

Appliances

DishwasherDryerMicrowaveOven Self CleaningRefrigerator W/IceMkSmoke DetectorStove/Oven ElectricWasherWater Heater - Elect

Questions & Answers

This 3-bedroom, 3-bathroom townhouse at 940 Highway 98 is listed at $538,500 ($418/sqft). The estimated monthly payment is $3,194 based on 20% down at 6.5% interest.

HOA fees are $860/month.

Key features include: Built in 1975, 2 stories. Interior Features: Newly Painted, Washer/Dryer Hookup. Exterior Features: Balcony, Tennis Court.

This property is listed by Peter Appezzato and can be reached at 2123005102 or pete@theshorttermshop.com.

PA

Peter Appezzato

Agent at EXP Realty LLC

(212) 300-5102

Listed by EXP Realty LLC · View on Broker Site

MLS# 990969· Source: listhub· Updated 175 days ago

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

940 Highway 98, Destin, FL 32541

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