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Sold for $915,000
  • $915,000

    506 Gulf Shore Dr Unit 404, Destin, FL 32541

    2beds
    1,362sqft
    Condominium
    Built in 1982
    -- sqft lot
    $895,000 Zestimate®
    $672/sqft
    $2,452 Estimated rent

    Home value

    $895,000

    $814,000 - $985,000

    $2,452/mo

    Zestimate® history
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    What's special

    Lighted tennis courtsStorm shuttersCustom cabinetryPickle ball courtsElegant granite countersCustom kitchenLarge gulf-front pool
    Inlet Reef on Holiday Isle, Destin, experience the luxury and lifestyle of coastal living in this highly sought-after Gulf Front Condo. The unparalleled views and direct access to the balcony from both the living area and the master bedroom, offer the perfect vantage point to enjoy the sunsets. The custom kitchen, designed for culinary enthusiasts, features custom cabinetry, new appliances, elegant granite counters, and recessed lighting. The master bath has been thoughtfully renovated with quartz counters, double sinks, a seated vanity, a spacious tile shower, and a custom closet complete with a built-in shoe rack. The guest room, with its generous closet, provides a tranquil space for relaxation. An added convenience is a full size in-unit washer and dryer. The condo is also equipped with a Halo water detection system, Impact Sliders and storm shutters for added peace of mind. Recent upgrades, including a completely replaced HVAC system in 2021 and a new Water Heater in 2020. Inlet Reef's amenities include a large gulf-front pool, lighted tennis courts, pickle ball courts, and a state-of-the-art workout facility. Owners enjoy garage parking on a first-come, first-serve basis, and owners pets are welcome. This unit is not only a luxurious residence but also an income-producing opportunity, thanks to its prime location. Units in Inlet Reef have demonstrated impressive gross rental income ranging from $68,000 to $117,000, depending on occupancy. Additionally, for the upcoming season, enjoy the added convenience of beach chair service. Don't miss this rare opportunity to own a piece of coastal paradise with luxurious living and impressive rental potential. Schedule your showing today.

    Zillow last checked:

    Listing updated:

    Listed by:

    Paige A Brown 850-830-9514,

    Coldwell Banker Realty

    Bought with:

    Linda B Lee, 3084103

    Christies International Real Estate Emerald Coast

    Source: ECAOR,MLS#: 937227MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    • Area: 192 Square Feet
    • Dimensions: 16 x 12
    Bedroom
    • Level: First
    • Area: 130 Square Feet
    • Dimensions: 13 x 10
    Kitchen
    • Level: First
    • Area: 120 Square Feet
    • Dimensions: 15 x 8
    Living room
    • Level: First
    • Area: 270 Square Feet
    • Dimensions: 18 x 15
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Washer, Electric Water Heater
    • Laundry: Washer/Dryer Hookup
    Features
    • Breakfast Bar, Recessed Lighting, Newly Painted, Owner's Closet, Pantry
    • Flooring: Tile, Carpet
    Interior area
    • Total structure area: 1,362
    • Total interior livable area: 1,362 sqft

    Property

    Parking
    • Parking features: Garage, See Remarks, Covered
    • Has garage: Yes
    Features
    • Exterior features: Balcony
    • On waterfront: Yes
    • Waterfront features: Gulf
    Details
    • Parcel number: 002S24457500004040

    Construction

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

    Utilities & green energy

    • Water: Public
    Green energy
    • Energy efficient items: Doors

    Community & HOA

    Community
    • Features: BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Fitness Center, Gated, Pool, Sauna/Steam Room, Separate Storage, TV Cable, Waterfront, Whirlpool, Pickleball, Short Term Rental - Allowed
    • Subdivision: INLET REEF CLUB CONDO
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds, Insurance, Management, Security, Sewer, Cable TV, Trash, Water, Internet
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $672/sqft
    • Tax assessed value: $742,500
    • Annual tax amount: $3,710
    • Date on market: 11/24/2023

    Price history

    DateEventPrice
    3/1/2024Sold$915,000-1.1%$672/sqft
    Source: ECAOR #937227 Report a problem
    12/18/2023Pending sale$924,990$679/sqft
    Source: ECAOR #937227 Report a problem
    11/24/2023Listed for sale$924,990$679/sqft
    Source: ECAOR #937227 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,331 +113.9%$742,500 +102.1%
    2024$3,894 +2.5%$367,387 +3%
    2023$3,801 +2.4%$356,686 +3%
    2022$3,710 +0.2%$346,297 +3%
    2021$3,703 +0.8%$336,211 +1.4%
    2020$3,674 +1.1%$331,569 +2.3%
    2019$3,632 +0.9%$324,114 +1.9%
    2018$3,601 $318,071 +2.1%
    2017$3,601 +0.5%$311,529 +2.1%
    2016$3,583 +2.8%$305,121 +0.7%
    2015$3,487 -5.8%$303,000 +1.7%
    2014$3,700 $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 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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    $895,000
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    With Zillow Showcase(estimated)
    $912,900