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Off market
  • $836,000

    480 Gulf Shore Dr #Penthouse 602, Destin, FL 32541

    2beds
    2baths
    1,318sqft
    Condo
    Built in 1986
    -- sqft lot
    $836,000 Zestimate®
    $634/sqft
    $2,392 Estimated rent

    Home value

    $836,000

    $761,000 - $920,000

    $2,392/mo

    Zestimate® history
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    $5,948/mo

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    What's special

    The only TOP FLOOR PENTHOUSE available at beautiful Magnolia House! This is the largest size condominium in the building and the panoramic views are as unique and gorgeous as anything on the Emerald Coast of Florida - pristine and captivating views of the Gulf of Mexico, Destin's East Pass and jetties, and the Destin Harbor and Okaloosa Island! A variety of stunning coastal views visible from your balcony, master bedroom, living and dining room! Watch the fishing boats come and go through the pass and marvel at the sunrises and sunsets! Condominium features include a spacious living and dining area, master bedroom & bath with a walk-in closet, garden tub & separate shower, a rare private lanai sitting area outside the front door and a large storage unit. Magnolia House is a unique mid-rise, low density condominium located in the gated island neighborhood of Destin Pointe. Amenities include over 3000 feet of beach, 24 hour manned security, two lakes, jetties for scuba diving, snorkeling and fishing, lighted Tennis courts, shuttle service, picnic area, shuffleboard and covered parking. Destin Pointe and Magnolia House are like a coastal wildlife refuge. Truly a remarkable property, location and value for beach vacations and vacation rentals! This condominium grossed over $31,600 in vacation rentals in 2012 and is an outstanding vacation getaway in a coastal environment unlike any other!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 1,318 sqft

    Property

    Parking
    • Parking features: Carport
    Lot
    • Size: 0.39 Acres
    Details
    • Parcel number: 002S24062E00006020

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 1986

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $599 monthly
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $634/sqft
    • Tax assessed value: $700,000
    • Annual tax amount: $8,290

    Price history

    DateEventPrice
    7/19/2022Pending sale$899,999$683/sqft
    Source: ECAOR #902349 Report a problem
    6/28/2022Listed for sale$899,999+165.5%$683/sqft
    Source: ECAOR #902349 Report a problem
    7/1/2013Listing removed$339,000$257/sqft
    Source: Resortquest Real Estate Of Florida Llc #596241 Report a problem
    5/5/2013Listed for sale$339,000-9.6%$257/sqft
    Source: Resortquest Real Estate Of Florida Llc #596241 Report a problem
    8/10/2012Listing removed$375,000$285/sqft
    Source: RE/MAX SOUTHERN REALTY #566288 Report a problem
    2/21/2012Price change$375,000-5.1%$285/sqft
    Source: RE/MAX SOUTHERN REALTY #566288 Report a problem
    10/22/2011Price change$395,000-9.1%$300/sqft
    Source: RE/MAX SOUTHERN REALTY #566288 Report a problem
    1/11/2011Listed for sale$434,500-2.4%$330/sqft
    Source: BLUE MARLIN REALTY GROUP #550299 Report a problem
    11/19/2010Listing removed$445,000$338/sqft
    Source: Prudential Real Estate #519885 Report a problem
    5/12/2010Price change$445,000-4.3%$338/sqft
    Source: Prudential Real Estate #519885 Report a problem
    10/17/2009Price change$465,000-6.1%$353/sqft
    Source: Prudential Real Estate #519885 Report a problem
    7/11/2009Listed for sale$495,000+165.4%$376/sqft
    Source: Prudential Real Estate #519885 Report a problem
    5/1/1993Sold$186,500$142/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,290 0%$700,000
    2024$8,293 -0.8%$700,000
    2023$8,362 +58.6%$700,000 +52.2%
    2022$5,272 +11.7%$460,000 +21.1%
    2021$4,719 +3.3%$380,000 +4.1%
    2020$4,567 +0%$365,000 +1.4%
    2019$4,566 -1.1%$360,000
    2018$4,617 $360,000 +10.3%
    2017$4,617 +8.2%$326,500 +2%
    2016$4,267 +2.7%$320,000 +2.9%
    2015$4,157 -0.4%$311,000 +3.3%
    2014$4,175 $301,000 +9.9%
    2013-- $274,000
    2012-- $274,000 -12.5%
    2011-- $313,000 -4.9%
    2010-- $329,000 -13.9%
    2009-- $382,000 -12.4%
    2008-- $436,000 -18.5%
    2007-- $535,000 -17.1%
    2006-- $645,000 +46.6%
    2005-- $440,000 +42.9%
    2004-- $308,000 +18.6%
    2003-- $259,700 +6%
    2002-- $245,000 +8.9%
    2001-- $225,000
    Find assessor info on the county website

    Neighborhood: 32541

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: DESTIN
    • Middle: BRUNER
    • High: FORT WALTON BEACH
    • District: OKALOOSA

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $836,000
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    +$16,720
    With Zillow Showcase(estimated)
    $852,720