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Off market
    • $481,800

    502 Gulf Shore Dr Unit 204, Destin, FL 32541

    2beds
    987sqft
    Condo
    Built in 1983
    -- sqft lot
    $481,800 Zestimate®
    $488/sqft
    $2,056 Estimated rent

    Home value

    $481,800

    $438,000 - $530,000

    $2,056/mo

    Zestimate® history
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    What's special

    Priced for IMMEDIATE sale! This unit (and unit 205 for sale next door) are the two BEST 2 bed/2 bath gulf view units under 200K currently on the market in Destin. Next door unit sold for 18K more than this list price. Enjoy unobstructed gulf views and sunsets from your south facing balcony. Partially upgraded with all new flooring and flat screen TV's. These units have NEVER been on a rental program and are in pristine condition. Rental projections are 25K/yr. This is the investment opportunity you've been waiting for. Both condos are rental ready and with additional upgrades, these units could top 28K+ in annual revenue. Do not miss this opportunity to get a 2/2 with this kind of view and rental potential, all for under 200K.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central
    Features
    • Furnished: Yes
    Interior area
    • Total interior livable area: 987 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 3.98 Acres
    Details
    • Parcel number: 002S24130000002040

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 1983

    Community & HOA

    Community
    • Features: Fitness Center
    HOA
    • Has HOA: Yes
    • HOA fee: $1,815 monthly
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $488/sqft
    • Tax assessed value: $441,000
    • Annual tax amount: $4,841

    Price history

    DateEventPrice
    10/29/2024Listing removed$555,000$562/sqft
    Source: ECAOR #940005 Report a problem
    5/29/2024Price change$555,000-1.8%$562/sqft
    Source: ECAOR #940005 Report a problem
    1/18/2024Listed for sale$565,000-1.7%$572/sqft
    Source: ECAOR #940005 Report a problem
    12/1/2022Listing removed--
    Source: ECAOR #898647 Report a problem
    6/11/2022Price change$575,000-1.7%$583/sqft
    Source: ECAOR #898647 Report a problem
    5/17/2022Listed for sale$585,000+193.2%$593/sqft
    Source: ECAOR #898647 Report a problem
    1/12/2016Sold$199,500$202/sqft
    Source: Public Record Report a problem
    12/28/2015Listed for sale$199,500$202/sqft
    Source: Resortquest Real Estate #743554 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,841 +3.6%$381,949 +10%
    2024$4,672 +6.1%$347,226 -19.4%
    2023$4,403 +16.2%$431,000 +24.6%
    2022$3,788 +9.8%$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

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