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$399,900 Sale Pending

  • For Sale
  • Pending
  • Condo / Townhouse
  • 2 Beds
  • 2 Full Baths
  • 987 Sq. Ft.
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Welcome to Islander 318, your perfect getaway on the Emerald Coast! This beautifully updated 2-bedroom, 2-bathroom condo is located on the 3rd floor and offers stunning sunset views right from your private balcony. Inside, you'll find cool, Travertine tile flooring throughout, modern granite countertops, and stainless steel appliances in the fully equipped kitchen. The condo has been thoughtfully updated with new bedding and fresh furnishings in the dining area and master bedroom. The spacious living area features a 50'' flat-screen TV with a Blu-ray player, and the comfortable sleeper sofa allows the unit to accommodate up to six guests. Guests at The Islander enjoy an array of resort-style amenities, including two pools (one heated seasonally), a fitness center, tennis courts, a basketball court, shuffleboard, and outdoor grilling stations. Whether you're looking to relax on the private beach, explore nearby attractions, or enjoy Destin's fantastic dining and shopping, Islander 318 is the perfect home base for your next beach vacation. The Islander Condominiums are located in the heart of Destin, offering a prime location with private beach access and easy access to top attractions. The property features beautifully maintained grounds, two swimming pools, and a variety of recreational activities. Guests love the convenience to Destin's best restaurants, shopping centers, and entertainment venues, including Big Kahuna's Water Park, Destin Harbor Boardwalk, and Henderson Beach State Park.

Full Property Details for 502 Gulf Shore Dr #318

General

  • Price: $399,900
  • Taxes: $4,162 (2024)
  • Status: Pending
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 983620
  • Updated: 12/31/2025
  • Added to Site: 150 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Dining Room, Full Bathroom, Living Room, Master Bedroom
  • Interior Features: Furnished - All, Window Treatment All
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Living Room: Living Room
  • Dining Room: Dining Room

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Fishing, Gated Community, Handicap Provisions, Laundry, Pavillion/Gazebo, Pickle Ball, Picnic Area, Pool, Tennis, TV Cable
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - Heated, Pool - In-Ground, Shower

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Islander Condo Ph 2
  • Driving Directions: Hwy 98 into the heart of Destin. Off Hwy 98 head south on Gulf Shore Dr, The Islander resort is located 1.5 miles down on the gulf side on your left

School Information

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

Heating & Cooling

  • Heating/Cooling: AC - High Efficiency, Heat Cntrl Electric, Water Heater - Elect

Utilities

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

Structural Information

  • Construction: Insulated Conc Forms
  • Stories/Levels: 0
  • Square Feet: 987
  • Sq. Ft. Source: County PA Records
  • Year Built: 1984

Lot Features

  • Property View: Coastal Dune Lakes, Gulf, Gulf/Pass

Water Features

  • Water Front Type: Gulf, Gulf/Pass

Financial Considerations

  • Assessment Amount: $799
  • Assmt Payment Freq: Monthly
  • Tax Amount: $4,162
  • Tax Year: 2024
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: ISLANDER PH II UNIT 318
  • Assessment: Yes
  • APN: 00-2S-24-1302-0000-3180

Listed by Emerald Coast Vacation Rentals & Sales

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— 502 Gulf Shore Dr #318 —

  • Emerald Coast Vacation Rentals & Sales

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 #318

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 502 Gulf Shore Dr #318 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/01/2025
Price Reduced
$399,900
-3.62%
MLS
8/28/2025
Price Reduced
$414,900
-3.49%
MLS
8/21/2025
Listed
$429,900
—
MLS
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 #318

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,367
5%
$392,000
—
2024
$4,163
4%
$392,000
—
2023
$4,015
34%
$392,000
61%
2021
$2,992
-14%
$243,500
-23%
2022
$3,468
16%
$317,000
40%
2021
$2,992
15%
$227,000
15%
2019
$2,593
10%
$197,230
10%
2018
$2,351
10%
$179,300
10%
2017
$2,130
1%
$163,000
—
2016
$2,117
-7%
$163,000
2%
2015
$2,270
4%
$160,000
7%
2013
$2,178
—
$150,000
—
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.

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NMLS#: 1598647

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Listed by Emerald Coast Vacation Rentals & Sales

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502 Gulf Shore Drive #318, Destin, FL 32541 (MLS# 983620) is a Condo / Townhouse property with 2 bedrooms and 2 full bathrooms. 502 Gulf Shore Drive #318 is currently listed for $399,900 and was received on August 21, 2025. Want to learn more about 502 Gulf Shore Drive #318? Do you have questions about finding other Condo / Townhouse 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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