506 Gulf Shore Drive Unit 404, Destin

$924,990

2 Beds
2 Baths
1,362 Sqft
0 Acre
0 Garage

Inlet Reef on Holiday Isle, Destin, experience the luxury and lifestyle of coastal living in this highly sought-after Gulf Front Condo. The unparalleled views and direct access to the balcony from both the living area and the master bedroom, offer the perfect vantage point to enjoy the sunsets.The custom kitchen, designed for culinary enthusiasts, features custom cabinetry, new appliances, elegant granite counters, and recessed lighting. The master bath has been thoughtfully renovated with quartz counters, double sinks, a seated vanity, a spacious tile shower, and a custom closet complete with a built-in shoe rack.The guest room, with its generous closet, provides a tranquil space for relaxation. An added convenience is a full size in-unit washer and dryer. The condo is also equipped with a Halo water detection system, Impact Sliders and storm shutters for added peace of mind. Recent upgrades, including a completely replaced HVAC system in 2021 and a new Water Heater in 2020.

Inlet Reef's amenities include a large gulf-front pool, lighted tennis courts, pickle ball courts, and a state-of-the-art workout facility. Owners enjoy garage parking on a first-come, first-serve basis, and owners pets are welcome. This unit is not only a luxurious residence but also an income-producing opportunity, thanks to its prime location. Units in Inlet Reef have demonstrated impressive gross rental income ranging from $68,000 to $117,000, depending on occupancy. Additionally, for the upcoming season, enjoy the added convenience of beach chair service. Don't miss this rare opportunity to own a piece of coastal paradise with luxurious living and impressive rental potential. Schedule your showing today.

Essential Information
MLS® #937227
Price$924,990
Sold Price$915,000
Date Sold$2024-03-01
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,362
Acres0.00
Year Built1982
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address506 Gulf Shore Drive Unit 404
Area14 - Destin
SubdivisionINLET REEF CLUB CONDO
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
ParkingGarage, See Remarks, Covered
Is WaterfrontYes
WaterfrontGulf
Has PoolYes
PoolCommunity, Private
Amenities

Community Room, Pool, TV Cable, Waterfront, BBQ Pit/Grill, Beach, Dumpster, Elevators, Exercise Room, Gated Community, Sauna/Steam Room, Separate Storage, Whirlpool, Pets Allowed, Pickle Ball, Short Term Rental - Allowed

Utilities

Electric, Public Sewer, Public Water, TV Cable, Community Water

Interior Features

Floor Tile, Floor WW Carpet, Breakfast Bar, Furnished - None, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Renovated, Washer/Dryer Hookup

Appliances

Dishwasher, Dryer, Microwave, Stove/Oven Electric, Refrigerator W/IceMk, Washer

Exterior
ExteriorConcrete, Stucco, Steel
Exterior FeaturesBalcony
ConstructionSteel
School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
Days on Website160
HOA Fees3459.00
HOA Fees Freq.Quarterly
Listing Details
OfficeColdwell Banker Realty
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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 2nd, 2024 at 10:33am CDT.