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Property Description
RENOVATION-PERIOD INVESTOR OPPORTUNITY IN DESTIN POINTE Magnolia House 109 is a beautifully upgraded one-bedroom, one-bath residence featuring a designer kitchen, in-unit washer and dryer, and a private balcony overlooking lush tropical landscaping and one of the community's sparkling pools. This property comes fully furnished right down to the dishes. Located within one of Destin's premier coastal communities, Destin Pointe offers approximately 3,000 feet of beachfront, three pools, hot tubs, gated access, and a spectacular Gulf-facing infinity pool overlooking the emerald waters of the Gulf of Mexico. Magnolia House is currently undergoing an exciting modernization, See Photos: with reopening anticipated in March 2027, giving today's buyer the opportunity to purchase ahead of the building's refreshed debut. Previous Appraisal was $405,000 making Magnolia House 109 one of the most attractively priced opportunities currently available in Destin Pointe. Whether you are looking for a personal beach retreat, second home, or future vacation-rental investment, Magnolia House 109 offers an appealing combination of location, upgrades, amenities, and value. Buy ahead of the reopening and enjoy the next chapter of this Destin Pointe icon. Buyer to verify all information provided. Why Buy Now? Magnolia House is currently in the midst of an exciting transformation, with reopening anticipated in March 2027. For buyers willing to purchase during this temporary renovation period, Unit 109 presents an opportunity to secure a residence in Destin Pointe before the building's refreshed debut. The modernization of Magnolia House is expected to bring an updated coastal appearance, refreshed walkways, and a clean, modernized exterior while preserving its established location within one of Destin's most sought-after gated beach communities. For an investor or second-home buyer, the timing offers a unique advantage: purchase during the renovation period, prepare for reopening, and be positioned ahead of the 2027 spring and summer season. One of the most attractively priced opportunities currently available in Destin Pointe.
Full Property Details
Full Property Details for 480 Gulf Shore Dr #109
General
- Price: $369,000
- Taxes: $4,263 (2025)
- Status: Active
- Type: Condo
- Source: Emerald_Coast
- MLS ID: 1013098
- Updated: 10/1/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Deed Access, Elevators, Exercise Room, Gated Community, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront, Whirlpool
Interior
- Number of Rooms: 3
- Interior Features: Breakfast Bar, Elevator, Kitchen Island, Newly Painted, Owner's Closet, Pantry, Washer/Dryer Hookup
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
- Furnishings: Furnished - All
- Flooring: Floor Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Additional Information
- Pool: Yes
- Pool Description: Pool - Heated, Pool - In-Ground, Pool Type
- Security/Safety: Fire Alarm/Sprinkler
Exterior
- Exterior Features: Balcony, BBQ Pit/Grill, Hot Tub, Tennis Court
- Porch/Patio/Deck: Deck Covered
Parking
- Attached garage: Yes
- Parking Features: Garage
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: MAGNOLIA HOUSE
- Driving Directions: Take Emerald Coast Parkway to Gulf Shore Drive, Follow Gulf Shore Drive to the end of Destin Pointe Entrance: Security Guard. Magnolia House is located just past the security gate. Follow the road to the right past the pond. Magnolia House is located on the LEFT
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Ground Keeping, Insurance, Internet Service, Land Recreation, Master Association, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Ceiling Fans, Central Air
- Heating Type: Central
- Heating/Cooling: Central, Ceiling Fans, Central Air
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Public Water, TV Cable
Structural Information
- Construction: Stucco
- Exterior Const.: Stucco
- Stories/Levels: 6
- Square Feet: 800
- Sq. Ft. Source: County PA Records
- Year Built: 1986
Water Features
- Water Front: Yes
- Water Front Type: Unit Waterfront, Gulf/Pass, Shore - Beach
Financial Considerations
- Assessment Amount: $3,693
- Tax Amount: $4,263.66
- Tax Year: 2025
Disclosures and Reports
- Legal Description: MAGNOLIA HOUSE UNIT 109; Parcel ID 00-2S-24-062E-0000-1090
- APN: 00-2S-24-062E-0000-1090
- Property ID: 00-2S-24-062E-0000-1090
Listed by Bastion Realty LLC
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Price & Sales History for 480 Gulf Shore Dr #109
Date
Details
Price
Change
Source
10/01/2026
Listed
$369,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 480 Gulf Shore Dr #109
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,264
7%
$360,000
—
2024
$3,971
4%
$360,000
—
2023
$3,822
36%
$360,000
53%
2021
$2,819
-10%
$235,000
-10%
2022
$3,133
11%
$260,000
13%
2021
$2,819
18%
$230,000
27%
2019
$2,386
13%
$181,500
10%
2018
$2,119
5%
$165,000
6%
2017
$2,026
3%
$155,000
2%
2016
$1,974
-5%
$152,000
—
2015
$2,068
12%
$152,000
15%
2013
$1,840
—
$132,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 480 Gulf Shore Dr #109
480 Gulf Shore Drive #109, Destin, FL 32541 (MLS# 1013098) is a Condo property with 1 bedroom and 1 full bathroom. 480 Gulf Shore Drive #109 is currently listed for $369,000 and was received on October 01, 2026. Want to learn more about 480 Gulf Shore Drive #109? Do you have questions about finding other Condo real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

