For sale Condo

Listed Feb 5, 2026

$495,000 Est. $3,274/mo

940 Highway 98 Unit 16

  • 3

    Beds

  • 3

    Baths

  • 1,289

    Sq ft

The story

  • Pool

Welcome to South Bay by the Gulf. Please consider this beautifully maintained condo in the South Bay by the Gulf community in the heart of Destin, Florida. This 1,289 square foot, 3-bedroom, 2.5-bath unit offers an ideal opportunity as a full-time or second home, or short-term vacation rental. Positioned on 14 acres, this family-friendly community of 109 townhomes stretches from Highway 98 to the Gulf of Mexico, enjoying 300 feet of private, deep white sand beach along a low-density shoreline. The unit features an open living and dining floor plan with a sleeper sofa, a fully equipped kitchen, a private landscaped patio, an in-unit washer and dryer, and a functional bedroom layout including a primary suite with private bath, two guest bedrooms, a shared full bath, and a downstairs half-bath. Community amenities include two swimming pools (one seasonally heated), private beach access, a 5-acre freshwater lake stocked with turtles and ducks, a kiddie pool, grilling areas, tennis and pickleball courts, shuffleboard, and beachside volleyball. Conveniently located to Big Kahuna's Water & Adventure Park and just minutes from popular Destin dining and entertainment such as McGuire's Irish Pub, AJ's Seafood & Oyster Bar, and Margaritaville, this property combines coastal lifestyle appeal with strong rental and investment potential.

Facts & features

Home type

Condo

Year built

1974

Floors

2

Price per sq ft

$384

Included features

  • Pool

    Yes

  • Cooling

    Ceiling Fans, Central Air

  • Heating

    Central

  • Appliances

    Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Water Heater - Elect

  • Flooring

    Floor Tile

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$3,274 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,635
  • Property tax $495
  • Insurance $144

Includes principal, interest, taxes & insurance.

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Listing Broker

Taylor Allen Properties LLC

Broker Name

Taylor Allen Properties LLC

Agent

Christopher L Wooten