502 Gulf Shore Drive 403
Destin, FL 32541
$475,000
NEW LISTING Active
Description
Welcome to The Islander Unit 403 -- a turnkey, income-producing 2-bedroom, 2-bath beachfront condo in Miramar Beach with direct Gulf views and a private balcony just steps from the sand. Completely remodeled in 2018, this rare unit includes an in-unit washer and dryer and recent mechanicals (new A/C and water heater installed 5/2025). Ideal for investors or owners seeking immediate rental income, Unit 403 has an outstanding rental history -- $49,100 gross through 9/30/2026 and $41,700 gross in 2025 -- and is move-in ready. Buyers who close before year-end can start collecting the remaining high-season rental receipts right away and may benefit from year-end tax planning.
Resort amenities:
- Two pools (one heated seasonally)
- Tennis & pickleball courts
- Basketball & shuffleboard
- Fitness center
- Grilling pavilion
- Summer kids activities & poolside fun
Listing details MLS# 1015237
Location, Tax and Legal
- Area
- 14 - Destin
- Sub area
- 1401 - Destin Beach West
- Subdivision
- ISLANDER CONDO
- County
- Okaloosa
- Parcel ID
- 00-2S-24-1300-0000-4030
- Tax year
- 2025
- Annual tax
- 4877.09
- Legal description
- ISLANDER PHASE I UNIT 403
General Property Info
- Property type
- Residential
- Year built
- 1981
- New construction
- No
- Condition
- Renovated, Construction Complete
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Full baths
- 2
- Half baths
- 0
- Building area
- 987
- Heating
- Heat Pump Wtr to Air, Central
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Tile, Floor WW Carpet
- Interior features
- Breakfast Bar, Elevator, Wallpaper
- Appliances
- Cooktop, Dishwasher, Disposal, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
- Total rooms
- 4
Exterior and Site
- Construction
- Concrete
- Roof
- Roof Built-Up
- Exterior features
- Balcony, Hot Tub
- Patio and porch
- Patio Covered
- Pool
- No
- Pool features
- Pool Type
- View
- Gulf
Utilities
- Utilities
- Public Water
- Sewer
- Public Sewer
Schools
- Elementary
- Destin
- Middle school
- Destin
- High school
- Fort Walton Beach
Association and Fees
- Association
- Yes
- Association fee
- 980.38
- Fee frequency
- Monthly
- Fee includes
- Accounting, Ground Keeping, Insurance, Licenses/Permits, Management, Recreational Faclty, Repairs/Maintenance, Services, Sewer, Telephone, Water, Cable TV, Trash
Remarks and Misc
- Directions
- Hwy. 98 to Gulf Shore Drive. Continue past 2 stop signs and The Islander is on the right.
