502 Gulf Shore DR #403, Destin, FL 32541
502 Gulf Shore DR #403, Destin, FL 32541
502 Gulf Shore DR #403, Destin, FL 32541
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$475,000
Est. payment /mo
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2 Beds
2 Baths
987 SqFt
New

502 Gulf Shore DR #403 Destin, FL 32541

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 987 sqft

Price per Sqft $481

Subdivision Islander Condo

MLS Listing ID 1015237

Bedrooms 2

Full Baths 2

HOA Fees $980/mo

HOA Y/N Yes

Year Built 1981

Annual Tax Amount $4,877

Tax Year 2025

Property Sub-Type Condominium

Source Emerald Coast Association of REALTORS®

Land Area 987

Property Description

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

Location

State FL

County Okaloosa

Community Short Term Rental - Not Allowed, Bbq Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Fishing, Game Room, Gated Community, Laundry, Pavillion/Gazebo, Picnic Area, Playground, Pool, Separate Storage, Tennis, Tv Cable, Whirlpool

Area 14 - Destin

Direction Hwy. 98 to Gulf Shore Drive. Continue past 2 stop signs and The Islander is on the right.

Rooms

Primary Bedroom Level Main

Master Bedroom true

Interior

Interior Features Breakfast Bar, Elevator, Wallpaper

Heating Heat Pump Wtr to Air, Central

Cooling Ceiling Fans, Central Air

Flooring Floor Tile, Floor WW Carpet

Furnishings Furnished - All

Window Features Window Treatment All,Double Pane Windows,Storm Windows

Appliance Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect

Exterior

Exterior Feature Balcony, Hot Tub, Covered Patio, Hot Tub, Balcony

Pool Pool Type

Community Features Short Term Rental - Not Allowed, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Fishing, Game Room, Gated Community, Laundry, Pavillion/Gazebo, Picnic Area, Playground, Pool, Separate Storage, Tennis, TV Cable, Whirlpool

Utilities Available Public Water

Waterfront Description Gulf

View Gulf

Roof Type Built-Up

Porch Patio Covered

Garage No

Building

Faces Hwy. 98 to Gulf Shore Drive. Continue past 2 stop signs and The Islander is on the right.

Sewer Public Sewer

New Construction No

Schools

Elementary Schools Destin

Middle Schools Destin

High Schools Fort Walton Beach

Others

Pets Allowed No

HOA Fee Include Accounting, Ground Keeping, Insurance, Management, Sewer, TV Cable, Trash, Water

Tax ID 00-2S-24-1300-0000-4030

Security Features Fire Alarm/Sprinkler


 Emerald Coast MLS - IDX
Listed by Cherissa Cabahug 1 Percent Lists Florida Coast

Nearby Locations

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Jeff House

Jeff House

REALTOR / Real Estate Advisor

+1(434) 981-2585

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502 Gulf Shore DR #403