500 Gulf Shore Drive 519a, Destin

$360,000

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SOLD: Jul 27, 2023
1 Bed
1 Bath
636 Sqft
0 Acre
0 Garage

Here is Destin's best value for a Gulf-front unit offering 10% gross rental returns yearly. It has been professionally inspected and all repairs completed, including a brand new water heater! Perfectly positioned, this 5th floor unit has breathtaking views of 1 of the largest beaches (900 ft) on Holiday Isle, in this coveted location just around from the East Pass and Destin's Harbor Walk. It is being offered turn-key and furnished with some newer furniture recently, including a new sofa/sleeper and also has a new refrigerator. Over the past few years, the JE owners have updated the complex with new hurricane windows and doors, along with a new cooling tower for the unit's ACs. Jetty East is a lovely, gated property with 24 hour security, with lovely and lush grounds.The amenities include: a 2400 sq. ft. pool with sun deck, hot tub, beach side pavilion with charcoal grills, tennis courts, pickle ball, fitness room, kid's activities, music entertainment, shuffleboard, and an owner's meeting room.

Here you feel like you are a world away from real life, yet you are just a couple of miles to all the conveniences of Destin: shopping, eateries, ice cream shoppes, entertainment venues, and some of the best restaurants the Emerald Coast has to offer.

This condo is perfect for primary, secondary or short-term rental. It did $43,876 in Gross rental revenue in 2022, managed by the onsite mgmt, and this is with the owner blocking several peak weeks for personal use. There are booked rental weeks to convey at a closing IF the buyer desires them through the Jetty East Management.

*Note that with an acceptable offer the Sellers will pay the remaining balance on the current special owner's assessment at closing.

*All listing details are deemed to be correct and accurate, but buyer is responsible for verifying any and all details as needed.

Essential Information

Status
Sold
MLS® #
919195
Sale Date
July 27th, 2023
Sale Price
$360,000
List Price
$370,000
Bedrooms
1
Bathrooms
1.00
Full Baths
1
Square Footage
636
Acres
0.00
Year Built
1977
Type
Residential
Sub-Type
Condominium
Style
N/A

Community Information

Address
500 Gulf Shore Drive 519a
Area
14 - Destin
SubArea
1401 - Destin Beaches West
Subdivision
JETTY EAST CONDO
City
Destin
County
Okaloosa
State
FL
Zip Code
32541

Amenities

Parking
Covered, Garage Attached
Is Waterfront
Yes
Waterfront
Gulf, Shore - Beach
Has Pool
Yes

Amenities

BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Fishing, Gated Community, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Pool, Tennis, TV Cable, Waterfront, Whirlpool

Utilities

Electric, Public Sewer, Public Water, TV Cable

Pool

Pool - Heated, Pool - In-Ground, Community

Interior

Heating
Heat Cntrl Electric
Cooling
AC - Central Elect

Interior Features

Breakfast Bar, Floor Tile, Furnished - All, Lighting Track, Owner's Closet, Pantry, Renovated, Washer/Dryer Hookup, Window Treatment All

Appliances

Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smooth Stovetop Rnge, Stove/Oven Electric, Washer

Exterior

Foundation
Foundation On Piling

Exterior

Concrete, Foundation On Piling, Roof Membrane, Stucco

Exterior Features

Balcony, Pavillion/Gazebo, Pool - Heated, Pool - In-Ground, Tennis Court

Roof

Foundation On Piling, Roof Membrane

School Information

Elementary
Destin
Middle
Destin
High
Fort Walton Beach

Additional Information

HOA Fees
3349.00
HOA Fees Freq.
Quarterly

Listing Details

Office
Compass

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.

Listing information last updated on May 13th, 2024 at 10:33pm CDT.