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Off market
  • $492,300

    502 Gulf Shore Dr Unit 706, Destin, FL 32541

    2beds
    2baths
    987sqft
    Condo
    Built in 1983
    -- sqft lot
    $492,300 Zestimate®
    $499/sqft
    $2,056 Estimated rent

    Home value

    $492,300

    $448,000 - $542,000

    $2,056/mo

    Zestimate® history
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    Rent Zestimate®

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    $4,996/mo

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    $4,996/mo

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    What's special

    IF YOU WANT TO SHOW A FANTASTIC UPDATED CONDO WITH AWESOME VIEWS OF THE GULF, THEN YOU DEFINITELY WANT TO SHOW THIS ONE. UNIT HAS NEW PENDANT LIGHTING, NEW LIVING ROOM FURNITURE , RECENTLY PAINTED, TILE FLOORS IN LIVING ROOM/DINING AND KITCHEN AREA, NEW FAUCETS , AND NEW LIGHTING IN BATHS. A LARGE 14 FOOT BALCONY IS JUST WAITING FOR YOU TO READ YOUR BOOK , OR HAVE AFTERNOON COCKTAILS AS YOU ENJOY THOSE FAMOUS SUNSETS AND VIEWS YOU HEAR ABOUT OF THE GULF OF MEXICO. UNIT IS IN IMMACULATE CONDITION , RENTAL READY AND FULLY FURNISHED. THE ISLANDER OFFERS TWO POOLS ( ONE HEATED ) WITH SPAS , LIGHTED TENNIS COURTS , BASKETBALL COURT, SHUFFLEBOARD COURT, OUTDOOR GRILLING AREA, AND A GAME ROOM. THE BEACH AREA INCLUDES DECK CHAIRS AND KAYAK RENTALS. WHATEVER YOUR INTERESTS ARE, YOU CAN BE SURE THEY WILL BE SATISFIED AT THE ISLANDER. LOCATED ON GULF SHORE DR, ON HOLIDAY ISLE, WITH NO CONGESTION FROM TRAFFIC, SOME 2 MILES OF PAVED WALKING/JOGGING PATHS, CONVENIENT TO GROCERY STORES, MOVIE THEATER, SHOPPING AND ENTERTAINMENT. THIS IS ONE OF THOSE UNITS WHERE THERE IS REPEAT BUSINESS EVERY YEAR AND THE RENTERS ONLY WANT THIS UNIT. GROSS RENTAL FOR LAST YEAR ENDED 06/30/08 TOTALED $31,292 ,AND FOR THE YEAR ENDED 06/30/09 GROSS RENTAL EXCEEDED $29,000. THE SECOND HIGHEST GROSSING UNIT IN THE BUILDING !!!!! LOW ASSOCIATION FEES INCLUDE, CABLE , INTERNET , PHONE, INSURANCE ON THE BUILDING, SEWER, AND TRASH. A GREAT OPPORTUNITY TO OWN ON THE GULF. CALL TODAY TO VIEW THIS SPECIAL UNIT AND EXPERIENCE BEACH LIFE AS IT SHOULD BE LIVED AT 'THE ISLANDER!'

    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: 987 sqft

    Property

    Parking
    • Parking features: Off-street
    Lot
    • Size: 3.98 Acres
    Details
    • Parcel number: 002S24130000007060

    Construction

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

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $1,815 monthly
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $499/sqft
    • Tax assessed value: $446,000
    • Annual tax amount: $4,931

    Price history

    DateEventPrice
    12/8/2009Sold$225,000-18.2%$228/sqft
    Source: Public Record Report a problem
    8/8/2009Listed for sale$275,000$279/sqft
    Source: 100% REalty, Inc. #474232 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,931 +3.7%$391,691 +10%
    2024$4,756 +6.1%$356,083 -18.3%
    2023$4,482 +16%$436,000 +24.2%
    2022$3,863 +9.7%$351,000 +16.6%
    2021$3,521 +12.9%$301,000 +17.6%
    2020$3,120 +6.6%$256,000 +6.2%
    2019$2,928 +13.4%$241,000 +19.9%
    2018$2,581 $201,000 +7.5%
    2017$2,581 +5.6%$187,000
    2016$2,444 +0.6%$187,000 +3.3%
    2015$2,429 -4.7%$181,000 +6.5%
    2014$2,548 $170,000 +3.7%
    2013-- $164,000
    2012-- $164,000
    2011-- $164,000 -3%
    2010-- $169,000 -17.2%
    2009-- $204,000 -11.3%
    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 schools

    GreatSchools rating
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    $492,300
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    +$9,846
    With Zillow Showcase(estimated)
    $502,146