500 Gulf Shore Drive 519a, Destin, FL

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.

Listing Map