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$500,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 987 Sq. Ft.
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Welcome to your slice of paradise at the Islander Condominium in Destin! Nestled in the heart of this vibrant coastal community, this 2 bed, 2 bath gem offers the ideal fusion of comfort and convenience. Step into your gated retreat and be greeted by stunning gulf views and unforgettable sunsets, setting the stage for endless relaxation and rejuvenation. With amenities like two sparkling swimming pools, inviting hot tubs, and courts for both pickleball and tennis, every day is filled with opportunities for leisure and fun. But the perks don't stop there - deeded beach access ensures that the pristine white sands and captivating Emerald waters are mere steps from your door. Whether you're seeking a second home or an investment opportunity in the thriving rental market, The Islander delivers the quintessential beach lifestyle you've been dreaming of. Don't miss your chance to make this oasis your own - live the beach life to the fullest at The Islander Condominium!

Full Property Details for 502 Gulf Shore Dr #UNIT 205

General

  • Price: $500,000
  • Taxes: $5,342 (2024)
  • Status: Active
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 948846
  • Updated: 4/13/2026
  • Added to Site: 440 day(s) ago

Rental Information

  • Complex Features: BBQ Pit/Grill, Beach, Deed Access, Elevators, Exercise Room, Gated Community, Laundry, Pool, Waterfront

Interior

  • Number of Rooms: 6
  • Appliances: Disposal, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Stove/Oven Electric, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Hardwood, 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
  • Driving Directions: From Highway 98, Turn South onto Gulf Shore Drive and continue along the road, stay straight at stop light and enter Holiday Isle, after the 2nd stop sign the The Islander will be on the left.

School Information

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

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Electricity, Ground Keeping, Insurance, Internet Service, Land Recreation, Management, Other Utilities, 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

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

Structural Information

  • Construction: Stucco
  • Exterior Const.: Stucco
  • Stories/Levels: 7
  • 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: $799
  • Tax Amount: $5,342.82
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: ISLANDER PHASE I UNIT 205
  • APN: 00-2S-24-1300-0000-2050
  • Property ID: 00-2S-24-1300-0000-2050

Listed by The Premier Property Group Seacrest Office

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Listing agent

— 502 Gulf Shore Dr #UNIT 205 —

  • The Premier Property Group Seacrest Office

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 #UNIT 205

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 #UNIT 205 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/28/2025
Price Reduced
$500,000
-9.91%
MLS
3/20/2025
Price Reduced
$555,000
-3.48%
MLS
5/08/2024
Listed
$575,000
0.88%
MLS
8/12/2022
Sold
$570,000
—
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 #UNIT 205

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,223
-2%
$441,000
-2%
2024
$5,343
4%
$451,000
5%
2023
$5,149
45%
$431,000
46%
2021
$3,547
-9%
$296,000
-14%
2022
$3,896
10%
$346,000
38%
2021
$3,547
18%
$251,000
6%
2019
$2,994
19%
$236,000
20%
2018
$2,517
6%
$196,000
8%
2017
$2,379
1%
$182,000
—
2016
$2,364
-5%
$182,000
3%
2015
$2,482
8%
$176,000
11%
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 #UNIT 205

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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 The Premier Property Group Seacrest Office

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502 Gulf Shore Drive #UNIT 205, Destin, FL 32541 (MLS# 948846) is a Condo property with 2 bedrooms and 2 full bathrooms. 502 Gulf Shore Drive #UNIT 205 is currently listed for $500,000 and was received on March 20, 2025. Want to learn more about 502 Gulf Shore Drive #UNIT 205? 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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