500 Gulf Shore Drive 519a, Destin

$370,000

1 Bed
1 Bath
636 Sqft
0 Acre
0 Garage

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.

Essential Information
MLS® #919195
Price$370,000
Sold Price$360,000
Date Sold$2023-07-27
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage636
Acres0.00
Year Built1977
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address500 Gulf Shore Drive 519a
Area14 - Destin
SubdivisionJETTY EAST CONDO
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
ParkingCovered, Garage Attached
Is WaterfrontYes
WaterfrontGulf, Shore - Beach
Has PoolYes
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

Pool

Pool - Heated, Pool - In-Ground, Community, Private

Interior
HeatingHeat Cntrl Electric
CoolingAC - Central Elect
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

Exterior
FoundationFoundation On Piling
Exterior

Concrete, Foundation On Piling, Roof Membrane, Stucco

Exterior Features

Balcony, Pool - Heated, Pool - In-Ground, Tennis Court, Pavillion/Gazebo

Roof

Foundation On Piling, Roof Membrane

School Information
ElementaryDestin
MiddleDestin
HighFort Walton Beach
Additional Information
Days on Website413
HOA Fees3349.00
HOA Fees Freq.Quarterly
Listing Details
OfficeCompass
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2024, All rights reserved.

Listing information last updated on May 3rd, 2024 at 11:33am CDT.