BEDS2
BATHS2 full
SQUARE FEET987
MLS#1015237
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONISLANDER CONDO
Property Description
Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo on Holiday Isle 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) and wood plank throughout! Ideal for investors (allowing short term rentals) or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $53,000 gross through October 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
Property Features
Property Type: Residential - Condominium
Cooling: Ceiling Fans, Central Air
Heating: Heat Pump Wtr to Air, Central
Home Style: N/A
Taxes: $4,877
Year Built: 1981
Feature Descriptions
Appliances: Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Association Fee Includes: Accounting, Ground Keeping, Insurance, Licenses/Permits, Management, Recreational Faclty, Repairs/Maintenance, Services, Sewer, Telephone, Water, Cable TV, Trash
Community Features: Short Term Rental - Not Allowed, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Fishing, Game Room, Gated Community, Laundry, Pavillion/Gazebo, Picnic Area, Playground, Pool, Separate Storage, Tennis, TV Cable, Whirlpool
Exterior: Concrete
Exterior: Balcony, Hot Tub
Financing Terms: Conventional
Flooring: Floor Tile, Floor WW Carpet
HOA: Yes
Hot Tub: Yes
Interior: Breakfast Bar, Elevator, Wallpaper
Parcel Number: 00-2S-24-1300-0000-4030
Patio/Porch: Patio Covered
Pool Features: Pool Type
Property Condition: Renovated, Construction Complete
Rooms Total: 4
Sewer: Public Sewer
Special View Info: Gulf
Sub Type: Condominium
Utilities: Public Water
Waterfront: Gulf
Window: Window Treatment All, Double Pane Windows, Storm Windows
Room Sizes
Primary Bedroom: 15 X 12 Level - First
Bedroom: 12 X 12 Level - First
Primary Bedroom: 14 X 12 Level - First
Bedroom: 12 X 11 Level - First
Local Schools
High School: Fort Walton Beach
Middle School: Destin
Elementary School: Destin
Listed By / Shown By
Listed By
Agency Name: 1 Percent Lists Florida Coast
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
Estimate Your Payment
Estimated Payment
$ 1,602.10 per month $1,057.14 Principal & Interest $406.42 Property Tax $138.54 Homeowner's Insurance
502 Gulf Shore Drive, Unit 403 | MLS# 1015237
This condo located at 502 Gulf Shore Drive, Unit 403, Destin, FL 32541 is currently listed for sale with an asking price of $475,000. This property was built in 1981 and has 2 bedrooms and 2 full baths with 987 sq. ft. Gulf Shore Drive, Unit 403 is located in the ISLANDER CONDO subdivision. Search ISLANDER CONDO real estate on www.premierfl.com today.