$607,500
SOLD AUG 29, 2016

500 Gulf Shore Dr Unit 405 Destin, FL 32541

3 Beds
3 Baths
1,630 Sq Ft
$533/mo HOA Fee

Recently Sold

$373 Per Sq Ft

78 Days on Market

Highlights

  • Beach Front
  • Beach
  • Fishing
  • Destin Elementary School Rated A-
  • Heated In Ground Pool
  • Gulf View

About This Home

As of September 2020

Gross Rental Income 2015 $75,926 and projected Gross Rental Income 2016 is approximately $80,000. Possible Seller financing with acceptable contract. This three bedroom Duplex has 2 bedrooms 2 baths on one side, and 1 bedroom 1 bath on the other side. Each condominium has a complete updated kitchen with stainless appliances and granite countertops, and washer and dryer and is beautifully decorated. See the pictures! You have two separate units but only one maintenance fee. This West end unit is perfectly situated on the South end of the building right over the beach with views of that emerald water for miles. If you are an investor Buyer, this one can't be overlooked. Seller has already paid the Special Assessment of June 11, 2016. Come BUY Today!

Last Agent to Sell the Property

Yvonne Lazarus

East Pass Realty Inc License #3008194 Listed on: 06/05/2016

Last Buyer's Agent

Yvonne Lazarus

East Pass Realty Inc License #3008194 Listed on: 06/05/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,586

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • Beach Front
  • Property fronts gulf or ocean
  • Leasehold Lot

HOA Fees

  • $533 Monthly HOA Fees

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Piling Construction
  • Stucco

Interior Spaces

  • 1,630 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Plantation Shutters
  • Insulated Doors
  • Dining Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Covered Spaces
  • Covered Parking
  • Guest Parking

Eco-Friendly Details

  • Energy-Efficient Doors

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Gazebo

Schools

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

Utilities

  • High Efficiency Air Conditioning
  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-24-1295-0000-4050

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, legal, licenses/permits, management, utilities, security, sewer, telephone, water, cable TV, trash
  • 198 Buildings
  • 198 Units
  • Jetty East Condominium Subdivision

Amenities

  • Community Barbecue Grill
  • Community Pavilion
  • Recreation Room
  • Elevator

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Community Whirlpool Spa
  • Fishing

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,586

Year Built

Built in 1975 | Remodeled

Lot Details

0

HOA Fees

$533 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Jetty East Condominium
  • Directions: Hwy 98 to Gulf Shore Drive, follow Gulf Shore Drive 1.5 miles and Jetty East will be on the left on the beach side.
  • Architectural Style: N/A
  • New Construction: No
  • Efficiency: Doors
  • Building Stories: 1
  • Year Built: 1975
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Balcony2: Yes
  • Waterfront:Unit Waterfront: Yes
  • Energy:AC - 2 or More: Yes
  • Waterfront:Shore - Beach: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 198
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Continue Clean, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Plantation Shutters, Renovated, Split Bedroom, Window Treatment All
  • Stories: 6
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Plantation Shutters: Yes
  • Appliances:Oven Continue Clean: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Unit Waterfront, Gulf, Shore - Beach, Shore - Natural
  • Waterfront: Yes
  • Construction Type: Concrete, Foundation On Piling, Roof Membrane, Stucco
  • Exterior Features: Balcony, Hot Tub, Hurricane Shutters, Pavillion/Gazebo, Pool - Heated, Pool - In-Ground, Renovated, Shower, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • Exterior:Hurricane Shutters: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Exterior:PavillionGazebo: Yes
  • Exterior:Tennis Court: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Parking Features: Covered, Guest
  • Parking Features:Guest: Yes
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Elevators, Exercise Room, Fishing, Gated Community, Leasehold, Pavillion/Gazebo, Pets Allowed, Pool, Tennis, Waterfront, Whirlpool
  • Association #2 Fee: 1600.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Legal, Licenses/Permits, Management, Other Utilities, Security, Sewer, Telephone, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-24-1295-0000-4050
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 198

Tax Info

  • Tax Annual Amount: 4586.46
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Sep 4, 2020
Sold by
Geehan Elizabeth A and Estate Of Douglas M Geehan
Bought by
Frederick Rentals Llc
Seller's Agent
Carly St. Peter
East Pass Realty Inc
Buyer's Agent
Carly St. Peter
East Pass Realty Inc
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$901,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,571
Avg. Annual Appreciation
5.19%

Purchase Details

Closed on
Nov 5, 2019
Sold by
Okaloosa County
Bought by
Geehan Douglas
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Aqua Title Services
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $557,500 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $700,000 0.0% $429 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $700,000 +15.2% $429 / Sq Ft
06/23/2019 06/23/19 Off Market $607,500 -- --
08/29/2016 08/29/16 Sold $607,500 0.0% $373 / Sq Ft
08/22/2016 08/22/16 Pending -- -- --
06/05/2016 06/05/16 For Sale $607,500 -- $373 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,615 $640,000 -- $640,000
2023 $7,615 $640,000 $0 $640,000
2022 $7,252 $630,000 $0 $630,000
2021 $6,520 $525,000 $0 $525,000
2020 $6,081 $500,000 $0 $500,000
2019 $5,454 $430,000 $0 $430,000
2018 $5,977 $465,500 $0 $0
2017 $6,084 $465,500 $0 $0
2016 $4,755 $380,500 $0 $0
2015 $4,586 $346,000 $0 $0
2014 $4,046 $289,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 754189

Emerald Coast Association of REALTORS®

APN: 00-2S-24-1295-0000-4050