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506 Gulf Shore Drive #UNIT 404, Destin, FL 32541
$915,000
506 Gulf Shore Drive #UNIT 404, Destin, FL 32541View this property at 506 Gulf Shore Drive #UNIT 404, Destin, FL 32541
506 Gulf Shore Drive #UNIT 404DestinFL32541
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Property Description
Inlet Reef on Holiday Isle, Destin, experience the luxury and lifestyle of coastal living in this highly sought-after Gulf Front Condo. The unparalleled views and direct access to the balcony from both the living area and the master bedroom, offer the perfect vantage point to enjoy the sunsets.The custom kitchen, designed for culinary enthusiasts, features custom cabinetry, new appliances, elegant granite counters, and recessed lighting. The master bath has been thoughtfully renovated with quartz counters, double sinks, a seated vanity, a spacious tile shower, and a custom closet complete with a built-in shoe rack. The guest room, with its generous closet, provides a tranquil space for relaxation. An added convenience is a full size in-unit washer and dryer. The condo is also equipped with a Halo water detection system, Impact Sliders and storm shutters for added peace of mind. Recent upgrades, including a completely replaced HVAC system in 2021 and a new Water Heater in 2020. Inlet Reef's amenities include a large gulf-front pool, lighted tennis courts, pickle ball courts, and a state-of-the-art workout facility. Owners enjoy garage parking on a first-come, first-serve basis, and owners pets are welcome. This unit is not only a luxurious residence but also an income-producing opportunity, thanks to its prime location. Units in Inlet Reef have demonstrated impressive gross rental income ranging from $68,000 to $117,000, depending on occupancy. Additionally, for the upcoming season, enjoy the added convenience of beach chair service. Don't miss this rare opportunity to own a piece of coastal paradise with luxurious living and impressive rental potential. Schedule your showing today.
Full Property Details
Full Property Details for 506 Gulf Shore Dr #UNIT 404
General
- Sold For: $915,000
- Taxes: $3,710 (2022)
- Status: Closed
- Type: Condo /Townhouse
- MLS ID: 937227
- Added to Site: 178 day(s) ago
Interior
- Rooms/Areas: Bedroom, Kitchen, Living Room, Master Bedroom
- Interior Features: Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - None, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Renovated, Washer/Dryer Hookup
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
Additional Information
- Shared Amenities: BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Gated Community, Pets Allowed, Pickle Ball, Pool, Sauna/Steam Room, Separate Storage, Short Term Rental - Allowed, TV Cable, Waterfront, Whirlpool
- Pool: Yes
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Parking: Covered, Garage, See Remarks
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Inlet Reef Club Condo
- Driving Directions: From Highway 98 in Destin, turn south on Gulf Shore Drive. Continue on Gulf Shore DR, Inlet Reef building will be on your left.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Heating/Cooling: Insulated Doors, Water Heater - Elect
Utilities
- Utility Description: Community Water, Electric, Public Sewer, Public Water, TV Cable
Structural Information
- Construction: Concrete, Steel, Stucco
- Stories/Levels: 0
- Stories in Building: 7
- Square Feet: 1,362
- Sq. Ft. Source: Appraiser
- Year Built: 1982
Unit Information
- Units in Building: 114
Water Features
- Water Front Type: Gulf
Financial Considerations
- Assessment Amount: $3,459
- Assmt Payment Freq: Quarterly
- Tax Amount: $3,710
- Tax Year: 2022
- Terms: Conventional
Disclosures and Reports
- Legal Description: INLET REEF CLUB UNIT 404
- Assessment: Yes
- APN: 00-2S-24-4575-0000-4040
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Schools
Schools serving 506 Gulf Shore Dr #UNIT 404
School District:Okaloosa County School District
Rating | Name | Grades | Distance |
---|---|---|---|
630 Kelly St, Destin, FL 32541 | PK-5 | 1.3 mi | |
4608 Legendary Marina Dr, Destin, FL 32541 | 5-8 | 4.6 mi | |
400 Hollywood Blvd Sw, Ft Walton Bch, FL 32548 | 9-12 | 8.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 Gulf Shore Dr #UNIT 404
Date
Details
Price
Change
Source
3/01/2024
Sold
$915,000
-1.08%
MLS
11/24/2023
Listed
$924,990
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
506 Gulf Shore Drive #UNIT 404, Destin, FL 32541 (MLS# 937227) is a Condo / Townhouse property that was sold at $915,000 on March 01, 2024. Want to learn more about 506 Gulf Shore Drive #UNIT 404? 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.