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$649,900

Beds
2
Baths
2.0
sq ft
1,030

500 Gulf Shore Dr Unit 119B, Destin, FL 32541

500 Gulf Shore Dr Unit 119B

Destin, FL 32541

  • 1 day on market
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 noteworthy due to its position on Holiday Isle (Gulf Shore Drive), which ends at Norriego Point and 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 lights and the work has been completed. Unit 119B is a 2 bedroom 2 bath unit featuring an open, remodeled floor plan which is elevated offering pool and gulf-views. The laundry area has been relocated to allow has been relocated to allow additional space in the living and kitchen area. The kitchen features updated granite countertops and backsplash, stainless-steel appliances, and crown molding. Master bath has been updated with a double vanity and walk in shower. It is conveniently located near the elevator or stairs for quick and easy access to the beach or pool. The breathtaking gulf views are visible from the kitchen, the living room and Master Bath. Rental Income 2023 $44,304, 2024 $36465 The unit features EFCO (category4) sliding glass doors and windows paid for by the seller. Approximately $30,000 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: 800 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. Spacious 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.

Details

Property type

Condominium

Est. home value

$535,529

Lot size

Unknown

Price per sq ft

$631

Year built

1977

Monthly HOA fee

$975.33

Price History

03/18/2025
EmeraldCoast

EmeraldCoast #971491

Listed
$649,900
+68.81%
09/24/2020
EmeraldCoast

EmeraldCoast #847519

Sold
$385,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Gated, Pool, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$337,707
Asking price
$649,900
Closing costs (~8% of asking)
-$51,992
Est. remaining loan balance
-$260,201
Cash to seller
$337,707

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

September 2020

Original loan amount

$288,750

Est. remaining balance

$260,201

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Robert Mahaffey and Amy Mahaffey

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/19/2025 at 1:45 AM

Listing updated: 03/18/2025 at 8:19 PM

Listed by: Carly St Peter, Carly St Peter, Carly St Peter, Carly G St Peter, Carly G St Peter, Carly St Peter, Carly St Peter, Carly St Peter, Carly St Peter, East Pass Realty Inc Phone #: (850) 837-4191

MLS: EmeraldCoast #971491

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