Welcome to Islander 203--an exceptional investment opportunity offering strong rental potential and coastal appeal. This well-maintained unit features a bright, open-concept living and dining area that flows seamlessly onto a private balcony, showcasing gorgeous Gulf views and creating an inviting space for relaxation. The kitchen features white appliances including a new dishwasher as of 2025, ample cabinetry, granite countertops, and a functional layout ideal for short- or long-term stays. Spacious bedrooms provide comfort and privacy, while the primary suite includes a private bathroom with a modern double vanity for added convenience. Positioned in a highly desirable community with deeded beach access, Islander 203 attracts vacationers and seasonal residents alike. Enjoy a full suite of amenities, including two heated pools, two hot tubs, tennis, pickleball, and basketball courts, a fitness room, and a poolside BBQ pavilion--making this the perfect beach getaway. Whether you're expanding your portfolio or seeking a turnkey income-producing property, Islander 203 delivers the perfect blend of location, views, amenities, and investment potential. Call for a showing today!
Sold for $440,000
$440,000
502 Gulf Shore Dr Unit 203, Destin, FL 32541
2beds
987sqft
Condominium
Built in 1981
-- sqft lot
$429,100 Zestimate®
$446/sqft
$2,067 Estimated rent
Home value
$429,100
$408,000 - $451,000
$2,067/mo
Zestimate® history
Owner options
List your home for rent
$2,067/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,067/mo
Rent Zestimate®
Refinance and save
$2,864/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,864/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Private balconySpacious bedroomsGranite countertopsGorgeous gulf viewsWhite appliancesModern double vanityAmple cabinetry
Zillow last checked:
Listing updated:
Listed by:
At The Beach Team 850-654-3325,
Keller Williams Realty Destin
Bought with:
Chelsea D Groves, 3406210
EXP Realty LLC
Source: ECAOR,MLS#: 999862
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 168 Square Feet
- Dimensions: 14 x 12
Bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Dining room
- Level: First
- Area: 308 Square Feet
- Dimensions: 22 x 14
Kitchen
- Level: First
- Area: 60 Square Feet
- Dimensions: 12 x 5
Living room
- Level: First
- Area: 208.5 Square Feet
- Dimensions: 15 x 13.9
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Freezer, Microwave, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Breakfast Bar, Crown Molding, Owner's Closet, Woodwork Painted
- Flooring: Tile
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 987
- Total interior livable area: 987 sqft
Property
Features
- Exterior features: Balcony
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf
Details
- Parcel number: 002S24130000002030
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, Steel Frame
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 1981
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Deed Access, Dumpster, Elevators, Fitness Center, Pavillion/Gazebo, Pool, Tennis Court(s), Pickleball, Short Term Rental - Allowed
- Subdivision: ISLANDER CONDO PH 2
HOA
- Has HOA: Yes
- Services included: Advertising, Maintenance Grounds, Insurance, Management, Recreational Faclty, Security, Sewer, Trash, Water, Internet
Location
- Region: Destin
Financial & listing details
- Price per square foot: $446/sqft
- Tax assessed value: $441,000
- Annual tax amount: $5,222
- Date on market: 4/5/2026
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2026 | Sold | $440,000$446/sqft |
Source:  ECAOR #999862 Report a problem | ||
| 4/14/2026 | Pending sale | $440,000$446/sqft |
Source: ECAOR #999862 Report a problem | ||
| 4/5/2026 | Listed for sale | $440,000-20%$446/sqft |
Source: ECAOR #999862 Report a problem | ||
| 10/28/2024 | Listing removed | $550,000$557/sqft |
Source: ECAOR #949938 Report a problem | ||
| 5/23/2024 | Price change | $550,000-2.7%$557/sqft |
Source: ECAOR #949938 Report a problem | ||
| 5/15/2024 | Listed for sale | $565,000$572/sqft |
Source: ECAOR #949938 Report a problem | ||
| 1/13/2024 | Listing removed | -- |
Source: ECAOR #934477 Report a problem | ||
| 10/31/2023 | Price change | $565,000-3.4%$572/sqft |
Source: ECAOR #934477 Report a problem | ||
| 10/12/2023 | Price change | $585,000+31.5%$593/sqft |
Source: ECAOR #934477 Report a problem | ||
| 11/7/2021 | Pending sale | $445,000$451/sqft |
Source: ECAOR #885219 Report a problem | ||
| 11/4/2021 | Listed for sale | $445,000+122.5%$451/sqft |
Source: ECAOR #885219 Report a problem | ||
| 5/15/2013 | Sold | $200,000-12.2%$203/sqft |
Source: ECAOR #580737 Report a problem | ||
| 7/17/2012 | Listing removed | $227,900$231/sqft |
Source: RE/MAX SOUTHERN REALTY #570293 Report a problem | ||
| 4/17/2012 | Price change | $227,900-0.5%$231/sqft |
Source: RE/MAX SOUTHERN REALTY #570293 Report a problem | ||
| 12/29/2011 | Price change | $229,000-2.5%$232/sqft |
Source: RE/MAX SOUTHERN REALTY #560089 Report a problem | ||
| 8/7/2011 | Price change | $234,900-1.3%$238/sqft |
Source: RE/MAX SOUTHERN REALTY #560089 Report a problem | ||
| 7/1/2011 | Price change | $238,000-4.4%$241/sqft |
Source: RE/MAX SOUTHERN REALTY #560089 Report a problem | ||
| 12/20/2010 | Listed for sale | $249,000$252/sqft |
Source: 100% REalty, Inc. #549531 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,223 +1.7% | $441,000 +5.3% |
| 2024 | $5,134 +6.4% | $418,660 -2.9% |
| 2023 | $4,823 +15.7% | $431,000 +24.6% |
| 2022 | $4,170 +20.9% | $346,000 +16.9% |
| 2021 | $3,448 +13% | $296,000 +17.9% |
| 2020 | $3,051 +6.6% | $251,000 +6.4% |
| 2019 | $2,861 +13.7% | $236,000 +20.4% |
| 2018 | $2,517 | $196,000 +7.7% |
| 2017 | $2,517 +5.8% | $182,000 |
| 2016 | $2,379 +0.6% | $182,000 +3.4% |
| 2015 | $2,364 -4.7% | $176,000 +6.7% |
| 2014 | $2,482 | $165,000 +3.8% |
| 2013 | -- | $159,000 |
| 2012 | -- | $159,000 |
| 2011 | -- | $159,000 -3% |
| 2010 | -- | $164,000 -17.6% |
| 2009 | -- | $199,000 -13.5% |
| 2008 | -- | $230,000 -24.6% |
| 2007 | -- | $305,000 +376.6% |
| 2006 | -- | $64,000 -82.2% |
| 2005 | -- | $360,000 +80% |
| 2004 | -- | $200,000 +8.1% |
| 2003 | -- | $185,000 +6.9% |
| 2002 | -- | $173,000 +8.1% |
| 2001 | -- | $160,000 |
Find assessor info on the county website
Neighborhood: 32541
Nearby homes
- $595,0002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 708, Destin, FL 32541Sold
- $445,0002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 302, Destin, FL 32541Pending
- $389,9002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 315, Destin, FL 32541For Sale
- $458,0002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 102, Destin, FL 32541Sold
- $455,0002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 408, Destin, FL 32541Sold
- $585,0002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 509, Destin, FL 32541Sold
- $435,0002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 105, Destin, FL 32541Sold
- $456,6002 bd2 ba987 sqft502 Gulf Shore Dr UNIT 119, Destin, FL 32541Off Market
Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.3 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 4.6 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 8.6 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Fort Walton Beach
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$429,100
2% more
+$8,582
With Zillow Showcase(estimated)
$437,682
- Florida
- Okaloosa County
- Destin
- 32541
- 502 Gulf Shore Dr Unit 203
Nearby cities
Nearby zip codes
Other Destin Topics
