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Sold for $640,000
    • $640,000

    506 Gulf Shore Dr Unit 107, Destin, FL 32541

    2beds
    1,362sqft
    Condominium
    Built in 1982
    -- sqft lot
    $823,900 Zestimate®
    $470/sqft
    $2,482 Estimated rent

    Home value

    $823,900

    $725,000 - $939,000

    $2,482/mo

    Zestimate® history
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    What's special

    Beachfront livingLarge gulf-front poolOutdoor terraceNew carpet in bedroomsWasher and dryerSpacious open floor planFull gym
    Discover true beachfront living in this charming 1st floor condo with fantastic Gulf views! Although it is on the first floor, the elevation above the parking area ensures unobstructed views of the Gulf! No need to take the elevator when you're steps from the sand and pool! There's an opportunity to enhance the unit by converting the breakfast nook into a charming bunk room, as seen in other units. By purchasing this two-bedroom condo and creating an additional bedroom, you can significantly increase its value! Enjoy a spacious open floor plan that flows into an outdoor terrace, perfect for enjoying your morning coffee and cocktails at sunset. Upgrades in 2024 include new carpet in bedrooms, new A/C, new Stainless steel appliances, and washer and dryer. Premium amenities at Inlet Reef Cl lub include a large gulf-front pool, beach chair service, lighted pickleball & tennis courts, shuffleboard, full gym, covered owners parking, guest parking, and owner's storage closet for all your beach items. This serene beach retreat would make a great permanent residence, second home or a fully furnished turnkey rental investment! This property is a must-see, offering everything you desire in a coastal getaway!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cassandra L DeJulio 913-961-2580,

    Compass

    Bought with:

    Dana K Reines, 3553971

    Real Broker LLC

    Source: ECAOR,MLS#: 972597MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    • Area: 208 Square Feet
    • Dimensions: 16 x 13
    Bedroom
    • Level: First
    • Area: 150 Square Feet
    • Dimensions: 15 x 10
    Breakfast room
    • Level: First
    • Area: 64 Square Feet
    • Dimensions: 8 x 8
    Kitchen
    • Level: First
    • Area: 120 Square Feet
    • Dimensions: 15 x 8
    Living room
    • Level: First
    • Area: 270 Square Feet
    • Dimensions: 18 x 15
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Washer, Electric Water Heater
    • Laundry: Common Area, Washer/Dryer Hookup
    Features
    • Breakfast Bar, Recessed Lighting, Owner's Closet, Wallpaper, Walls Mirrored
    • Flooring: Tile, Carpet
    • Doors: Storm Door(s)
    • Windows: Storm Window(s), Window Treatments
    • Furnished: Yes
    Interior area
    • Total structure area: 1,362
    • Total interior livable area: 1,362 sqft

    Property

    Parking
    • Total spaces: 1
    • Covered spaces: 1
    Features
    • Exterior features: Balcony
    • Has view: Yes
    • View description: Gulf, Gulf/Pass
    • Has water view: Yes
    • Water view: Gulf,Gulf/Pass
    • Waterfront features: Gulf, Gulf/Pass
    Details
    • Parcel number: 002S24457500001070

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block, Concrete, Stucco, Steel Frame
    • Roof: Concrete
    Condition
    • Construction Complete,Needs Work
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Fitness Center, Gated, Pool, Sauna/Steam Room, TV Cable, Tennis Court(s), Waterfront, Whirlpool, Pickleball, Short Term Rental - Allowed
    • Security: Fire Alarm, Smoke Detector(s)
    • Subdivision: INLET REEF CLUB CONDO
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds, Insurance, Licenses/Permits, Management, Recreational Faclty, Security, Sewer, Cable TV, Trash, Water
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $470/sqft
    • Tax assessed value: $742,500
    • Annual tax amount: $6,979
    • Date on market: 4/28/2025

    Price history

    DateEventPrice
    11/14/2025Sold$640,000-8.6%$470/sqft
    Source: ECAOR #972597 Report a problem
    10/6/2025Pending sale$700,000$514/sqft
    Source: ECAOR #972597 Report a problem
    7/7/2025Price change$700,000-4.8%$514/sqft
    Source: ECAOR #972597 Report a problem
    4/28/2025Listed for sale$735,000$540/sqft
    Source: ECAOR #972597 Report a problem
    4/28/2025Pending sale$735,000$540/sqft
    Source: ECAOR #972597 Report a problem
    3/31/2025Listed for sale$735,000-13.5%$540/sqft
    Source: ECAOR #972597 Report a problem
    11/13/2024Listing removed$850,000$624/sqft
    Source: BHHS broker feed #953182 Report a problem
    7/6/2024Listed for sale$850,000-5.5%$624/sqft
    Source: ECAOR #953182 Report a problem
    6/14/2024Listing removed--
    Source: ECAOR #941459 Report a problem
    2/3/2024Listed for sale$899,900+80.2%$661/sqft
    Source: ECAOR #941459 Report a problem
    6/30/2010Listing removed$499,500$367/sqft
    Source: RE/MAX Coastal Properties #527352 Report a problem
    11/25/2009Listed for sale$499,500-28.5%$367/sqft
    Source: RE/MAX Coastal Properties #527352 Report a problem
    8/27/2009Listing removed$699,000$513/sqft
    Source: INLET REEF CLUB CONDOMINIUM OWNERS ASSO INC #504227 Report a problem
    5/31/2009Price change$699,000-4.1%$513/sqft
    Source: INLET REEF CLUB CONDOMINIUM OWNERS ASSO INC #504227 Report a problem
    5/17/2009Listed for sale$729,000$535/sqft
    Source: INLET REEF CLUB CONDOMINIUM OWNERS ASSO INC #504227 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,995 +10%$618,915 +10%
    2024$7,270 +12.6%$562,650 -2.1%
    2023$6,458 +15.3%$575,000 +23.7%
    2022$5,604 -3%$465,000
    2021$5,774 +5%$465,000 +3.3%
    2020$5,498 +5.8%$450,000 +4.7%
    2019$5,198 +14%$430,000 +21.1%
    2018$4,558 $355,000 +1.3%
    2017$4,558 -0.4%$350,500 +10.2%
    2016$4,576 +10.8%$318,000 +5%
    2015$4,131 -1.2%$303,000 +1.7%
    2014$4,181 $298,000 +4.6%
    2013-- $285,000 -3.7%
    2012-- $296,000
    2011-- $296,000 -8.4%
    2010-- $323,000 -18%
    2009-- $394,000 -7.3%
    2008-- $425,000 -5.1%
    2007-- $448,000
    2006-- $448,000 +5.9%
    2005-- $423,000 +24.4%
    2004-- $340,000 +23.3%
    2003-- $275,706 +2%
    2002-- $270,300 +2%
    2001-- $265,000
    Find assessor info on the county website

    Neighborhood: 32541

    Nearby homes

    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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