502 Gulf Shore Drive #403, Destin, FL 32541

Destin
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
502 Gulf Shore Drive #403,Destin, FL 32541
$475,000
  • 2 Beds
  • 2 Baths
  • 987 sq. ft.
  • Condominium
  • Active
Listed by: cherissa cabahug
Office: 1 percent lists florida coast
MLS#:1015237
Source:FL_ECAR

Price summary

  • Price:$475,000
  • Price per sq. ft.:$481.26
  • Monthly HOA dues:$980

About this home

Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo on Holiday Isle with direct Gulf views and a private balcony just steps from the sand. Completely remodeled in 2018, this rare unit includes an in-unit washer and dryer and recent mechanicals (new A/C and water heater installed 5/2025) and wood plank throughout! Ideal for investors (allowing short term rentals) or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $53,000 gross through October 2026 and $41,700 gross in 2025 -- and is move-in ready. Buyers who close before year-end can start collecting the remaining high-season rental receipts right away and may benefit from year-end tax planning. Resort amenities: - Two pools (one heated seasonally) - Tennis & pickleball courts - Basketball & shuffleboard - Fitness center - Grilling pavilion - Summer kids activities & poolside fun

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Home facts

  • Year built:1981
  • Subdivision & Development:ISLANDER CONDO
  • Listing ID #:1015237
  • Added:3 day(s) ago
  • Updated:November 13, 2026 at 04:13 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:4
  • Kitchen Description:Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator/Icemaker, Stove/Oven Electric
  • Living area:987 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1981
  • Building area:987 sq. ft.
  • Exterior Features:Balcony, Hot Tub

Schools

  • High school:Fort Walton Beach
  • Middle school:Destin
  • Elementary school:Destin

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$481.26
  • Tax amount:$4,877 (2025)

Features and amenities

  • Appliances:Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator w/Ice Maker, Stove/Oven Electric
  • Amenities:Breakfast Bar, Elevator, Wallpaper
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