Date
Details
Price
Change
Source
4/16/2026
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$549,000
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Property Description
Experience the perfect blend of elevated views, flexibility, and investment potential in this Gulf-front mid-rise residence, ideally positioned on the 5th floor within the gated, amenity-rich coastal community of Destin Pointe. From your private balcony, take in sweeping views of the pool, Gulf, and East Pass--an outlook that only a limited number of higher-floor units in Magnolia House can offer. The added elevation not only enhances the view but provides a greater sense of privacy and connection to the surrounding coastal landscape. Inside, Unit 509 offers a unique and highly desirable flex-space design--one of only a handful of units in the building with this capability. An accordion-style wall allows you to easily transform the layout to suit your needs: open it up for an expansive, light-filled living area ideal for entertaining, or close it off to create a private second bedroom for guests. This versatility makes the residence equally appealing as a personal retreat or a high-performing rental. The condo is tastefully appointed and designed for both relaxation and functionality. Residents and guests enjoy access to an exceptional array of amenities, including over 3,000 feet of pristine beach frontage, multiple pools, tennis courts, shuffleboard, and 24-hour gated security--all within one of the most sought-after communities along the Emerald Coast. Whether you're seeking a flexible coastal getaway or a smart investment opportunity, Unit 509 offers a rare combination of view, versatility, and value.
Full Property Details
Full Property Details for 480 Gulf Shore Dr #509
General
- Price: $549,000
- Taxes: $5,503 (2025)
- Status: Active
- Type: Condo
- Source: Emerald_Coast
- MLS ID: 1000727
- Updated: 4/16/2026
- Added to Site: 31 day(s) ago
Rental Information
- Complex Features: BBQ Pit/Grill, Beach, Elevators, Gated Community, Picnic Area, Pool, Separate Storage, Tennis, Whirlpool
Interior
- Number of Rooms: 4
- Interior Features: Breakfast Bar
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Smooth Stovetop Rnge, Washer, Water Heater - Elect
- Furnishings: Furnished - All
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Pool: Yes
- Pool Description: Pool Type
Exterior
- Exterior Features: Balcony, Hot Tub
- Porch/Patio/Deck: Deck Open
Parking
- Parking Features: Covered
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: MAGNOLIA HOUSE
- Driving Directions: Turn south on Gulf Shore Drive, enter the gates of Destin Pointe and follow Waverly Circle around to Magnolia House
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Ceiling Fans, Central Air
- Heating/Cooling: Ceiling Fans, Central Air
Utilities
- Utility Description: Electric, Phone, TV Cable
Structural Information
- Stories/Levels: 6
- Square Feet: 895
- Sq. Ft. Source: Building Plan
- Year Built: 1986
Lot Features
- Property View: Harbor, Gulf, Lake
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Coastal Dune Lakes, Gulf, Gulf/Pass
Financial Considerations
- Assessment Amount: $3,963
- Tax Amount: $5,503.77
- Tax Year: 2025
Disclosures and Reports
- Legal Description: MAGNOLIA HOUSE UNIT 509
- APN: 00-2S-24-062E-0000-5090
- Property ID: 00-2S-24-062E-0000-5090
Listed by Berkshire Hathaway HomeServices
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— 480 Gulf Shore Dr #509 —
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Price & Sales History for 480 Gulf Shore Dr #509
Tax History
Tax History for 480 Gulf Shore Dr #509
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,504
5%
$520,000
—
2024
$5,259
3%
$520,000
—
2023
$5,087
31%
$520,000
53%
2021
$3,873
-10%
$340,000
-16%
2022
$4,296
11%
$405,000
56%
2021
$3,873
22%
$260,000
4%
2019
$3,171
—
$250,000
3%
2018
$3,165
10%
$243,100
10%
2017
$2,888
10%
$221,000
9%
2016
$2,624
—
$202,000
5%
2015
$2,611
9%
$193,000
12%
2013
$2,394
—
$173,000
—
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 #509
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Sold by Bonnie Hall
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480 Gulf Shore Drive #509, Destin, FL 32541 (MLS# 1000727) is a Condo property with 2 bedrooms and 2 full bathrooms. 480 Gulf Shore Drive #509 is currently listed for $549,000 and was received on April 16, 2026. Want to learn more about 480 Gulf Shore Drive #509? 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.