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$440,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 987 Sq. Ft.
  • Updated 7 hours ago

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Welcome to Islander 203--an exceptional investment opportunity offering strong rental potential and coastal appeal. This well-maintained unit features a bright, open-concept living and dining area that flows seamlessly onto a private balcony, showcasing gorgeous Gulf views and creating an inviting space for relaxation. The kitchen features white appliances including a new dishwasher as of 2025, ample cabinetry, granite countertops, and a functional layout ideal for short- or long-term stays. Spacious bedrooms provide comfort and privacy, while the primary suite includes a private bathroom with a modern double vanity for added convenience. Positioned in a highly desirable community with deeded beach access, Islander 203 attracts vacationers and seasonal residents alike. Enjoy a full suite of amenities, including two heated pools, two hot tubs, tennis, pickleball, and basketball courts, a fitness room, and a poolside BBQ pavilion--making this the perfect beach getaway. Whether you're expanding your portfolio or seeking a turnkey income-producing property, Islander 203 delivers the perfect blend of location, views, amenities, and investment potential. Call for a showing today!

Full Property Details for 502 Gulf Shore Dr #203

General

  • Price: $440,000
  • Taxes: $5,222 (2025)
  • Status: Pending
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 999862
  • Updated: 4/14/2026
  • Added to Site: 9 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Deed Access, Dumpster, Elevators, Exercise Room, Laundry, Pavillion/Gazebo, Pool, Tennis

Interior

  • Number of Rooms: 5
  • Interior Features: Breakfast Bar, Ceiling Crwn Molding, Owner's Closet, Woodwork Painted
  • Appliances: Dishwasher, Disposal, Freezer, Microwave, Refrigerator, Smooth Stovetop Rnge, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

Exterior

  • Exterior Features: Balcony

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: ISLANDER CONDO PH 2
  • Driving Directions: Heading West, turn left onto Gulf Shore Dr. Drive 1.4 miles and the Islander will be on your left hand side.

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Fort Walton Beach

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Advertising, Ground Keeping, Insurance, Internet Service, Management, Recreational Faclty, Security, Sewer, Water, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating/Cooling: Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Phone, TV Cable

Structural Information

  • Construction: Concrete, Steel
  • Exterior Const.: Concrete, Steel
  • Square Feet: 987
  • Sq. Ft. Source: County PA Records
  • Year Built: 1981

Lot Features

  • Property View: Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Gulf

Financial Considerations

  • Assessment Amount: $839
  • Tax Amount: $5,222.99
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: ISLANDER PHASE I UNIT 203
  • APN: 00-2S-24-1300-0000-2030
  • Property ID: 00-2S-24-1300-0000-2030

Listed by Keller Williams Realty Destin and Keller Williams Realty SRB

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Listing agents

— 502 Gulf Shore Dr #203 —

  • Keller Williams Realty Destin

  • Keller Williams Realty SRB

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 502 Gulf Shore Dr #203

School District:Okaloosa County School District
NameGradesDistance
Destin Elementary School
630 Kelly Street, Destin, FL 32541
PK-41.3 mi
Destin Middle School
4608 Legendary Marina Drive, Destin, FL 32541
5-84.6 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-128.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 Gulf Shore Dr #203 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/05/2026
Listed
$440,000
1.15%
MLS
11/29/2021
Sold
$435,000
—
Public Record
Get Price Alerts and Save Property
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 for 502 Gulf Shore Dr #203

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,223
2%
$441,000
-2%
2024
$5,134
6%
$451,000
5%
2023
$4,823
40%
$431,000
46%
2021
$3,448
-17%
$296,000
-14%
2022
$4,170
21%
$346,000
38%
2021
$3,448
21%
$251,000
16%
2019
$2,861
14%
$215,600
10%
2018
$2,517
6%
$196,000
8%
2017
$2,379
1%
$182,000
—
2016
$2,364
-5%
$182,000
3%
2015
$2,482
5%
$176,000
7%
2014
$2,363
3%
$165,000
4%
2013
$2,300
—
$159,000
—
View All
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 for 502 Gulf Shore Dr #203

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty Destin and Keller Williams Realty SRB

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502 Gulf Shore Drive #203, Destin, FL 32541 (MLS# 999862) is a Condo property with 2 bedrooms and 2 full bathrooms. 502 Gulf Shore Drive #203 is currently listed for $440,000 and was received on April 05, 2026. Want to learn more about 502 Gulf Shore Drive #203? 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.

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