500 Gulf Shore Drive 519a, Destin, FL

$360,000

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1

Bed

1

Bath

636

Square feet

Description

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.

Features of 500 Gulf Shore Drive 519a

MLS® # 919195
Sold 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 Condominium
Sub-Type Condominium
Style N/A
Status Sold

Community Information

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

Amenities

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
Parking Covered, Garage Attached
Is Waterfront Yes
Waterfront Gulf, Shore - Beach
Has Pool Yes
Pool Pool - Heated, Pool - In-Ground, Community

Interior

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
Heating Heat Cntrl Electric
Cooling AC - Central Elect
Has Basement No
Fireplace No

Exterior

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
Foundation Foundation On Piling

School Information

Elementary Destin
Middle Destin
High Fort Walton Beach

Additional Information

Days on Website 432
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 3349.00
HOA Fees Freq. Quarterly

Listing Details

OfficeCompass

For more information call

(850) 325-0004

Listing Map

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