Date
Details
Price
Change
Source
11/10/2026
Listed
$475,000
—
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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$475,000 Just Listed
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Property Description
Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo on Holiday Isle 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) and wood plank throughout! Ideal for investors (allowing short term rentals) or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $53,000 gross through October 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
Full Property Details
Full Property Details for 502 Gulf Shore Dr #403
General
- Price: $475,000
- Taxes: $4,877 (2025)
- Status: Active
- Type: Condo
- Source: Emerald_Coast
- MLS ID: 1015237
- Updated: 11/10/2026
- Added to Site: 2 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Not Allowed, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Fishing, Game Room, Gated Community, Laundry, Pavillion/Gazebo, Picnic Area, Playground, Pool, Separate Storag
Interior
- Number of Rooms: 4
- Interior Features: Breakfast Bar, Elevator, Wallpaper
- Appliances: Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
- Furnishings: Furnished - All
- Flooring: Floor Tile, Floor WW Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Pool: Yes
- Pool Description: Pool Type
- Security/Safety: Fire Alarm/Sprinkler
Exterior
- Exterior Features: Balcony, Hot Tub
- Porch/Patio/Deck: Patio Covered
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: ISLANDER CONDO
- Driving Directions: Hwy. 98 to Gulf Shore Drive. Continue past 2 stop signs and The Islander is on the right.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Fort Walton Beach
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Ground Keeping, Insurance, Licenses/Permits, Management, Recreational Faclty, Repairs/Maintenance, Services, Sewer, Telephone, Water, Cable TV, Trash
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Ceiling Fans, Central Air
- Heating Type: Heat Pump Wtr to Air, Central
- Heating/Cooling: Heat Pump Wtr to Air, Central, Ceiling Fans, Central Air
Utilities
- Sewer: Public Sewer
- Utility Description: Public Water
Structural Information
- Construction: Concrete
- Exterior Const.: Concrete
- Square Feet: 987
- Sq. Ft. Source: Appraiser
- Year Built: 1981
Lot Features
- Property View: Gulf
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Gulf
Green Features
- Energy Efficient: Doors
Financial Considerations
- Tax Amount: $4,877.09
- Tax Year: 2025
Disclosures and Reports
- Legal Description: ISLANDER PHASE I UNIT 403
- APN: 00-2S-24-1300-0000-4030
- Property ID: 00-2S-24-1300-0000-4030
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Schools
Schools serving 502 Gulf Shore Dr #403
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 1.3 mi |
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 4.6 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 8.5 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 #403
Tax History
Tax History for 502 Gulf Shore Dr #403
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,877
4%
$443,000
-2%
2024
$4,705
6%
$453,000
5%
2023
$4,434
28%
$433,000
45%
2021
$3,477
-9%
$298,000
-14%
2022
$3,818
10%
$348,000
38%
2021
$3,477
20%
$253,000
16%
2019
$2,888
14%
$217,800
10%
2018
$2,542
6%
$198,000
8%
2017
$2,405
1%
$184,000
—
2016
$2,390
-5%
$184,000
3%
2015
$2,508
8%
$178,000
11%
2013
$2,327
—
$161,000
—
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 502 Gulf Shore Dr #403
502 Gulf Shore Drive #403, Destin, FL 32541 (MLS# 1015237) is a Condo property with 2 bedrooms and 2 full bathrooms. 502 Gulf Shore Drive #403 is currently listed for $475,000 and was received on November 10, 2026. Want to learn more about 502 Gulf Shore Drive #403? 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.