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$640,000

  • Sold
  • Closed
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,362 Sq. Ft.
  • Updated 5 days ago
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Discover true beachfront living in this charming 1st floor condo with fantastic Gulf views! Although it is on the first floor, the elevation above the parking area ensures unobstructed views of the Gulf! No need to take the elevator when you're steps from the sand and pool! There's an opportunity to enhance the unit by converting the breakfast nook into a charming bunk room, as seen in other units. By purchasing this two-bedroom condo and creating an additional bedroom, you can significantly increase its value! Enjoy a spacious open floor plan that flows into an outdoor terrace, perfect for enjoying your morning coffee and cocktails at sunset. Upgrades in 2024 include new carpet in bedrooms, new A/C, new Stainless steel appliances, and washer and dryer. Premium amenities at Inlet Reef Cl lub include a large gulf-front pool, beach chair service, lighted pickleball & tennis courts, shuffleboard, full gym, covered owners parking, guest parking, and owner's storage closet for all your beach items. This serene beach retreat would make a great permanent residence, second home or a fully furnished turnkey rental investment! This property is a must-see, offering everything you desire in a coastal getaway!

Full Property Details for 506 Gulf Shore Dr #UNIT 107

General

  • Sold For: $640,000
  • Taxes: $6,979 (2024)
  • Status: Closed
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 972597
  • Added to Site: 356 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Gated Community, Laundry, Pets Allowed, Pool, Sauna/Steam Room, Tennis, TV Cable, Water

Interior

  • Number of Rooms: 5
  • Interior Features: Breakfast Bar, Lighting Recessed, Owner's Closet, Wallpaper, Walls Mirrored, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Tile, Floor WW Carpet New

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

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: INLET REEF CLUB CONDO
  • Driving Directions: Turn South off HWY 98 onto Gulf Shore Dr., Inlet Reef is a gated community on the left, about 1.5 miles on Gulf side.

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Ground Keeping, Insurance, Licenses/Permits, Management, Master Association, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash

Heating & Cooling

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

Utilities

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

Structural Information

  • Construction: Concrete, Block, Steel, Stucco
  • Exterior Const.: Concrete, Block, Steel, Stucco
  • Stories/Levels: 7
  • Square Feet: 1,362
  • Sq. Ft. Source: Appraiser
  • Year Built: 1982

Lot Features

  • Property View: Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Gulf, Gulf/Pass

Financial Considerations

  • Assessment Amount: $3,400
  • Tax Amount: $6,979.04
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: INLET REEF CLUB UNIT 107
  • APN: 00-2S-24-4575-0000-1070
  • Property ID: 00-2S-24-4575-0000-1070

Listed by Compass
Sold by Real Broker LLC

Listing agent

— 506 Gulf Shore Dr #UNIT 107 —

  • Compass

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 506 Gulf Shore Dr #UNIT 107

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
5-84.5 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-128.6 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 506 Gulf Shore Dr #UNIT 107

Date
Details
Price
Change
Source
11/14/2025
Sold
$640,000
-8.57%
MLS
7/07/2025
Price Reduced
$700,000
-4.76%
MLS
3/31/2025
Listed
$735,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Compass
Sold by Real Broker LLC

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506 Gulf Shore Drive #UNIT 107, Destin, FL 32541 (MLS# 972597) is a Condo property that was sold at $640,000 on November 14, 2025. Want to learn more about 506 Gulf Shore Drive #UNIT 107? 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.