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502 Gulf Shore Drive 403

Destin, FL 32541

MLS#: 1015237

$475,000

Status: Active
Listing number: 1015237
Listing provided by: 1 Percent Lists Florida Coast
Listing agent phone: None
Last update: 31 minutes ago
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ISLANDER CONDO - Residential

Property

Beds

2

Full Baths

2

1/2 Baths

None

Year Built

1981

Sq.Footage

987

Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo in Miramar Beach 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). Ideal for investors or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $49,100 gross through 9/30/2026 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

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Elevator

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Heating YN

    YES

  • Heating

    Central, Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete

  • Other Exterior Features

    Balcony

  • Patio and Porch Features

    Patio, Covered

  • Pool

    No

  • Waterfront YN

    YES

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    N/A

Price

  • Sales Price

    $475,000

  • Tax Amount

    $4,877.09

  • Sq. Footage

    987

  • Price/SqFt

    $481

HOA

  • Association

    YES

  • Association Fee

    $980.38

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Destin

  • Middle School

    Destin

  • High School

    Fort Walton Beach

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Okaloosa

Elementary School

Destin

Middle School

Destin

High School

Fort Walton Beach

Listing Courtesy of Cherissa Cabahug, 1 Percent Lists Florida Coast

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Amy Livingston

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(850) 781-0651

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Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo in Miramar Beach 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). Ideal for investors or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $49,100 gross through 9/30/2026 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

502 Gulf Shore Drive 403

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