NOT LISTED FOR SALE

502 Gulf Shore Dr Unit 517 Destin, FL 32541

Estimated Value: $446,754 - $481,000

2 Beds
2 Baths
987 Sq Ft
$627/mo HOA Fee

Last Sold September 08, 2020

Last sale price $320,000 $324 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,518/month

9 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • Destin Elementary School Rated A-
  • Deeded access to the beach
  • Fishing

About This Home

As of September 2020

Update 8/6/20: MULTIPLE OFFERS HAVE BEEN SUBMITTED: Seller calling for 'highest and best' offer by 5pm Friday (8/7/20).

Imagine sitting on your private lanai, sipping an ice cold beverage at sunset, looking out over the dune lake, and the beach, watching the boats return to the harbor at Destin's famous East Pass. Dolphins frolic, pelicans soar and fireworks light up the night from that same spot. This is the reason you come to Destin. Picture yourself entering this totally remodeled, professionally decorated, soothingly air-conditioned space. Quartz counters. Stainless steel appliances. Large porcelain tile and hard surface floors throughout. Smart TV's. Upgraded Baths... Even an in unit washer/dryer! Platinum Rated Rental Machine: gross incomes of apx. $36k in 2018 and $38k in 2019.

Last Agent to Sell the Property

Andrew Werschky

Fathom Realty FL LLC License #3310435 Listed on: 07/29/2020

Fathom Realty FL LLC

Last Buyer's Agent

Tibor Pollak

Anchor Realty Florida License #3446485

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,622

Year Built

  • Built in 1984

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $627 Monthly HOA Fees

Property Views

  • Gulf
  • Lake

Home Design

  • Concrete Siding
  • Steel Siding

Interior Spaces

  • 987 Sq Ft Home
  • Partially Furnished
  • Ceiling Fan
  • Great Room

Kitchen

  • Walk-In Pantry
  • Self-Cleaning Oven
  • Induction Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Hollywood Bathroom
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-24-1302-0000-5170

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, internet service, land recreation, management, master, recreational faclty, repairs/maintenance, sewer, water, cable TV, trash
  • Islander Condo Ph 2 Subdivision
  • Handicap Modified Features In Community
  • 7-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room
  • Laundry Facilities
  • Elevator

Recreation

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

Security

  • Gated Community
  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,622

Year Built

Built in 1984

Lot Details

0

HOA Fees

$627 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: ISLANDER CONDO PH 2
  • Directions: From HWY 98 Turn South on Gulf Shore Dr, and the Islander is 1 1/2 miles down on the gulf side.
  • Architectural Style: N/A
  • New Construction: No
  • Year Built: 1984
  • Utilities Electric: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterfront:GulfPass: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Waterview:Lake2: Yes
  • Energy:Storm Windows: Yes
  • Rooms:Great Room: Yes
  • Energy:Storm Doors: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Interior Amenities: Floor Hardwood, Floor Tile, Floor Vinyl, Furnished - Some, Owner's Closet, Pantry, Washer/Dryer Hookup
  • Stories: 7
  • Window Features: Storm Window(s)
  • Interior:WasherDryer Hookup: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Floor Vinyl: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Appliances:Freezer: Yes
  • Mstr BdrmMstr Bath:MBath Hollywood: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Gulf
  • Waterfront Features: Gulf, Gulf/Pass
  • Waterfront: Yes
  • Construction Type: Concrete, Steel
  • Exterior Features: Balcony, Hot Tub, Pool - Heated, Pool - In-Ground, Shower, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Steel: Yes
  • Exterior:Balcony: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Tennis Court: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Fishing, Gated Community, Handicap Provisions, Laundry, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 627.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Land Recreation, Management, Master Association, Recreational Faclty, Repairs/Maintenance, Sewer, Water, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 00-2S-24-1302-0000-5170
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2621.51
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2020
Closed on
Aug 31, 2020
Sold by
Little Pelican Investments Llc
Bought by
Mckinney Angela and Mckinney David
Seller's Agent
Andrew Werschky
Fathom Realty FL LLC
Buyer's Agent
Tibor Pollak
Anchor Realty Florida
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$469,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,189
Avg. Annual Appreciation
8.00%
Original Mortgage
$240,000
Outstanding Balance
$172,497
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$296,693

Purchase Details

Listed on
Jan 15, 2016
Closed on
Feb 26, 2016
Sold by
Guinn Andrew and Guinn Kelley
Bought by
Little Pelican Investmenst Llc
Seller's Agent
Stephen Parish
First Gulf Realty LLC
Buyer's Agent
Ed Smith
RE/MAX Coastal Properties
List Price
$211,000
Sold Price
$211,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%

Purchase Details

Closed on
Oct 23, 2013
Sold by
Erickson Nina J
Bought by
Guinn Andrew and Guinn Kelley

Purchase Details

Closed on
Feb 19, 2002
Sold by
Okaloosa County
Bought by
Erickson William and Erickson Nina
Source: Public Records

Range of Values:

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Average Value
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List Price
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 Buyer Sale Price Title Company
Mckinney Angela $320,000 Pratt Aycock Title Llc
Little Pelican Investmenst Llc $211,000 Omega Title Llc
Guinn Andrew $153,800 None Available
Erickson William -- Associated Land Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckinney Angela $240,000
Previous Owner Erickson William E $150,000
Previous Owner Erickson William E $139,750
Previous Owner Erickson William E $139,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Off Market $320,000 -- --
09/08/2020 09/08/20 Sold $320,000 0.0% $324 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $320,000 +51.7% $324 / Sq Ft
06/23/2019 06/23/19 Off Market $211,000 -- --
02/26/2016 02/26/16 Sold $211,000 0.0% $214 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $211,000 -- $214 / 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 $4,080 $394,000 -- $394,000
2023 $4,080 $394,000 $0 $394,000
2022 $3,527 $319,000 $0 $319,000
2021 $3,049 $245,500 $0 $245,500
2020 $2,804 $229,000 $0 $229,000
2019 $2,622 $214,000 $0 $214,000
2018 $2,378 $189,000 $0 $0
2017 $2,156 $165,000 $0 $0
2016 $2,143 $165,000 $0 $0
2015 $2,296 $162,000 $0 $0
2014 $2,256 $157,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Andrew Werschky

    Fathom Realty FL LLC

    Section Image
  • Tibor Pollak

    Buyer's Agent in 2020

    Tibor Pollak

    Anchor Realty Florida

    (850) 502-9061

    22 in this area

    69 Total Sales

    Tibor Pollak
    Section Image

  • S

    Seller's Agent in 2016

    Stephen Parish

    First Gulf Realty LLC

  • Ed Smith

    Buyer's Agent in 2016

    Ed Smith

    RE/MAX

    (850) 259-0602

    67 in this area

    138 Total Sales

    Ed Smith
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 851933

Emerald Coast Association of REALTORS®

APN: 00-2S-24-1302-0000-5170

Florida Okaloosa County Destin 32541

502 Gulf Shore Dr Unit 517, Destin, FL

This home is located at 502 Gulf Shore Dr Unit 517, Destin, FL 32541 since 29 July 2020 and is currently estimated at $469,189, approximately $475 per square foot. This property was built in 1984. 502 Gulf Shore Dr Unit 517 is a home located in Okaloosa County with nearby schools including Destin Elementary School, Destin Middle School, and Fort Walton Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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