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Realty ONE Group Emerald Coast
502 Gulf Shore Dr Unit 403, Destin, FL 32541
- $475,000
- 2
- BD
- 2
- BA
- 987
- SqFt
- List Price
- $475,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 1015237
- Subtype
- Residential
- Year Built
- 1981
- Bedrooms
- 2
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 987
- Subdivision
- Islander Condo
- Neighborhood
- Destin Beach West
- MLS Area Major
- Destin
Property Description
Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo in Miramar Beach with direct Gulf views and a private balcony just steps from the sand. Completely remodeled in 2018, this rare unit includes an in-unit washer and dryer and recent mechanicals (new A/C and water heater installed 5/2025). Ideal for investors or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $49,100 gross through 9/30/2026 and $41,700 gross in 2025 -- and is move-in ready. Buyers who close before year-end can start collecting the remaining high-season rental receipts right away and may benefit from year-end tax planning. Resort amenities: - Two pools (one heated seasonally) - Tennis & pickleball courts - Basketball & shuffleboard - Fitness center - Grilling pavilion - Summer kids activities & poolside fun
Additional Information
- Interior Features
- Breakfast Area, Wallpaper, Elevator
- Exterior Features
- Balcony, Hot Tub
- Taxes
- $4,877
- Flooring
- Tile, Carpet
- Appliances
- Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Electric Water Heater
- Heating
- Central
- Air Conditioning
- Central Air, Ceiling Fan(s)
- Elementary School
- Destin
- Middle School
- Destin
- High School
- Fort Walton Beach
- View
- Gulf
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Listing courtesy of 1 Percent Lists Florida Coast.
Vendor Member Number : 28166