Active
500 Gulf Shore Drive, Unit 516A
Destin FL, 32541
$359,900
$565.88 per sqft
Active
1 Bed
1 Bath
636 sqft
Condos
Built in 1977
Jetty East is a Gated 6-story midrise with under building parking located on the beautiful sugar sand beach in Destin, Fl. The location is unique as it is located on Holiday Isle (Gulf Shore Drive) which ends at Destin Harbor. It's great for biking or walking. The jetties of the east pass make a great spot to snorkel or fish from the jetties. Jetty East is one of the few condos to offer covered parking. The required Milestone Study and Structural Reserve Study were completed mid-summer. There was an assessment August 1, 2024, for replacing the building sky light and has been completed. Unit 516A is a very light and bright unit with large tile flooring and luxury plank in the bedroom. Granite counter tops in the kitchen with a new refrigerator. Great views from the unit and balcony Gross Rental income ranges from $35000 to $45000.
The unit features EFCO (category4) sliding glass doors and windows paid for by the seller. Approximately $20,000 value. Begin and end each day enjoying spectacular morning views of the Gulf of Mexico. Enjoy evening sunsets and seasonal fireworks from the beach. Great location for shopping, grocery stores (New Publix) and restaurants. Jetty East Amenities: 900 feet of beach, 2400 sq. ft. pool with sun deck, hot tub, beach side pavilion with charcoal grills, tennis courts, pickleball, fitness room, kids' activities, music entertainment, shuffleboard, covered parking, 24-hour security. Nice owners room with full kitchen for meetings or parties. Financing Note: Jetty is a Non-warrantable/ Condotel. No conventional (government backed Fannie or Freddie) financing.
970558
MLSⓇ ID
March 8, 2025
Listed
March 8, 2025
Updated
Interior Features
Bedrooms
1
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Floor Tile, Floor Vinyl, Furnished - All, Owners Closet, Washer/Dryer Hookup
Appliances
Dishwasher, Dryer, Fire Alarm/Sprinkler, Microwave, Refrigerator, Stove/Oven Electric, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Balcony
Architectural Style
N/A
School Information
High School
Fort Walton Beach
Elementary School
Destin
Other Property Details
Area Name
14 - Destin
Association Fee
$3,192
Association Fee Frequency
Quarterly
Garage
No
View
Yes
View Description
Gulf, Bay
County
Okaloosa
Pool Features
Pool Type
Utilities
Public Sewer, Public Water, TV Cable
Courtesy of East Pass Realty Inc, Carly G St Peter,
Listing Contact: 850-865-0853
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Data last updated 4:37 AM UTC, 3/8/2025