515 Beach Drive, Destin

$598,000

3 Beds
2 Baths
2,199 Sqft
.51 Acre
0 Garage

This 1973 cinderblock home offers a unique opportunity for buyers seeking space, flexibility, and future potential. The property was thoughtfully expanded over the years, combining the original structure (located south of the kitchen) with a later addition to create a larger footprint. Situated across two lots, this property presents excellent possibilities — whether as a renovation project, a rental investment, or a site for building two new homes in the future. While the home reflects its age and will require updates and repairs, it was occupied less than two years ago and provides a solid starting point for the right buyer with vision. The sellers are unable to verify the condition or age of major systems and features, including the roof and HVAC. The HVAC is currently not operational however, there are no known active roof leaks. The property also includes multiple storage structures  a shed with lean-to storage on both sides, a boat barn with additional side storage, and another separate shed  offering ample space for tools, equipment, or hobbies. The sellers are actively cleaning and clearing both the interior and exterior, and the condition is improving daily. Listing photos were taken prior to much of this cleanup. The primary value lies in the land and its development potential, but the existing home remains in place to provide buyers with options. The property is being sold AS IS, with the sellers also offering the option to demolish and remove the home for an additional $15,000 if desired. This is an excellent opportunity for investors, builders, or buyers looking to create something new in a versatile and spacious setting.

Essential Information
MLS® #994498
Price$598,000
Sold Price$460,000
Date Sold$2026-04-06
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage2,199
Acres0.51
Year Built1973
TypeResidential
Sub-TypeDetached Single Family
StyleRanch
StatusSold
Community Information
Address515 Beach Drive
Area14 - Destin
SubdivisionRESUB OF KELLYS ADD TO DESTIN
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
Has PoolYes
PoolIn Ground
Utilities

Electric, Public Sewer, Public Water

Interior
AppliancesElectric Water Heater
HeatingWood Stove
# of Stories1
Interior Features

Breakfast Bar, Beamed Ceilings, Fireplace, Split Bedroom, Walls Paneled

Cooling

Central Air, Window Unit(s), Ceiling Fan(s)

Exterior
WindowsWindow Treatments
RoofComposite Shngl
Exterior Features

Lawn Pump, Outdoor Shower, Yard Building

Lot Description

Interior Lot, Level, Sidewalk, Within 1/2 Mile to Water, Will Divide

Construction

Block, Frame, Siding Brick Some, Trim Wood

School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
Days on Website253
ZoningCity, Resid Single Family
Office

Real Estate Professionals of Destin Inc

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 1:37am CDT.