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Sold for $520,000
  • Tax assessed value
    $520,000

    480 Gulf Shore Dr Unit 509, Destin, FL 32541

    2beds
    895sqft
    Condominium
    Built in 1986
    -- sqft lot
    $518,200 Zestimate®
    $581/sqft
    $1,973 Estimated rent

    Home value

    $518,200

    $492,000 - $544,000

    $1,973/mo

    Zestimate® history
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    What's special

    Private balconyTennis courtsMultiple poolsFlex-space designElevated views
    Under contract with a 72 hour kick out clause. Experience the perfect blend of elevated views, flexibility, and investment potential in this Gulf-front mid-rise residence, ideally positioned on the 5th floor within the gated, amenity-rich coastal community of Destin Pointe. From your private balcony, take in sweeping views of the pool, Gulf, and East Pass. The added elevation not only enhances the view but provides a greater sense of privacy and connection to the surrounding coastal landscape. Inside, Unit 509 offers a unique and highly desirable flex-space design--one of only a handful of units in the building with this capability. An accordion-style wall allows you to easily transform the layout to suit your needs: open it up for an expansive, light-filled living area ideal for entertaining, or close it off to create a private second bedroom for guests. This versatility makes the residence equally appealing as a personal retreat or a high-performing rental. The condo is tastefully appointed and designed for both relaxation and functionality. Residents and guests enjoy access to an exceptional array of amenities, including over 3,000 feet of pristine beach frontage, multiple pools, tennis courts, shuffleboard, and 24-hour gated security--all within one of the most sought-after communities along the Emerald Coast. Whether you're seeking a flexible coastal getaway or a smart investment opportunity, Unit 509 offers a rare combination of view, versatility, and value.

    Zillow last checked:

    Listing updated:

    Listed by:

    Caroline on the Coast 850-376-7625,

    Berkshire Hathaway HomeServices

    Bought with:

    Christine P Baeza, 3027542

    Dockside Realty Inc

    Source: ECAOR,MLS#: 1000727MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom
    • Level: Second
    • Area: 165 Square Feet
    • Dimensions: 15 x 11
    Bedroom
    • Level: Second
    • Area: 132 Square Feet
    • Dimensions: 12 x 11
    Kitchen
    • Level: Second
    • Area: 80 Square Feet
    • Dimensions: 10 x 8
    Living room
    • Level: Second
    • Area: 575 Square Feet
    • Dimensions: 25 x 23
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
    Features
    • Breakfast Bar
    • Furnished: Yes
    Interior area
    • Total structure area: 895
    • Total interior livable area: 895 sqft

    Property

    Parking
    • Parking features: Covered
    • Has garage: Yes
    Features
    • Patio & porch: Deck
    • Exterior features: Balcony
    • Has spa: Yes
    • Spa features: Heated
    • Has view: Yes
    • View description: Gulf, Gulf/Pass, Harbor, Lake
    • Has water view: Yes
    • Water view: Gulf,Gulf/Pass,Harbor,Lake
    • Waterfront features: Gulf, Gulf/Pass, Coastal Dune Lakes
    Details
    • Parcel number: 002S24062E00005090

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Condition
    • Construction Complete
    • New construction: No
    • Year built: 1986

    Community & HOA

    Community
    • Features: BBQ Pit/Grill, Beach, Elevators, Gated, Picnic Area, Pool, Separate Storage, Tennis Court(s), Whirlpool
    • Security: Smoke Detector(s)
    • Subdivision: MAGNOLIA HOUSE
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $581/sqft
    • Tax assessed value: $520,000
    • Annual tax amount: $5,503
    • Date on market: 4/16/2026

    Price history

    DateEventPrice
    7/14/2026Sold$520,000-5.3%$581/sqft
    Source: ECAOR #1000727 Report a problem
    6/30/2026Pending sale$549,000$613/sqft
    Source: ECAOR #1000727 Report a problem
    4/16/2026Listed for sale$549,000$613/sqft
    Source: ECAOR #1000727 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,504 +4.7%$418,733 +10%
    2024$5,259 +3.4%$380,666 -26.8%
    2023$5,087 +18.4%$520,000 +28.4%
    2022$4,296 +10.9%$405,000 +19.1%
    2021$3,873 +19%$340,000 +30.8%
    2020$3,253 +2.6%$260,000 +4%
    2019$3,171 +0.2%$250,000
    2018$3,165 $250,000 +13.1%
    2017$3,165 +9.6%$221,000 +9.4%
    2016$2,888 +10.1%$202,000 +4.7%
    2015$2,624 +0.5%$193,000 +1.6%
    2014$2,611 $190,000 +9.8%
    2013-- $173,000
    2012-- $173,000 -15.2%
    2011-- $204,000 -5.1%
    2010-- $215,000 -19.8%
    2009-- $268,000 -13%
    2008-- $308,000 -14.4%
    2007-- $360,000 -18.2%
    2006-- $440,000 +41.9%
    2005-- $310,000 +40.9%
    2004-- $220,000 +13.2%
    2003-- $194,300 +5%
    2002-- $185,000 +8.8%
    2001-- $170,000
    Find assessor info on the county website

    Neighborhood: 32541

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Destin
    • Middle: Destin
    • High: Destin

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

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    $518,200
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    With Zillow Showcase(estimated)
    $528,564