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$499,000

Beds
2
Baths
2.0
sq ft
987

502 Gulf Shore Dr Unit 314, Destin, FL 32541

502 Gulf Shore Dr Unit 314

Destin, FL 32541

  • 287 days on market
    • Price drop $11,000↓
This Destin, FL condo offers an exceptional living experience with its prime location and comprehensive amenities. Situated on the 3rd floor, this 2 bedroom, 2 bathroom unit comfortably accommodates 6 people, making it perfect for families or groups. It boasts unobstructed views of the Destin Pass, providing a picturesque backdrop for enjoying morning coffee or watching the stunning sunsets. The condo comes fully furnished and turnkey, ready to serve as a second home or a lucrative rental property with a strong history of occupancy. The Islander Resort enhances your stay with two pools (one heated in winter), two hot tubs, tennis and pickleball courts, a basketball half-court, shuffleboard, and a pavilion with BBQ grills. For added convenience, the resort features onsite management to assist with everything from cleaning to key handling. The recent upgrades to hurricane-proof windows and sliding doors ensure your safety and peace of mind. Located off the bustling highway 98, The Islander is a popular choice for guests seeking beach access, tennis, a seasonally heated pool, and more, all within a beautifully maintained property.

Details

Property type

Condominium

Est. home value

$475,228

Lot size

Unknown

Price per sq ft

$506

Year built

1984

Monthly HOA fee

$799

Price History

07/12/2024
EmeraldCoast

EmeraldCoast #944494

Price change
$499,000
-2.16%
05/04/2024
EmeraldCoast

EmeraldCoast #944494

Price change
$510,000
-2.86%
03/11/2024
EmeraldCoast

EmeraldCoast #944494

Listed
$525,000
+12.9%

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

$199,024
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$260,056
Cash to seller
$199,024

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

Seller’s Loan History

Lender

Northpointe Bank

Loan start date

May 2023

Original loan amount

$265,000

Est. remaining balance

$260,056

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Charlotte Luisa Donoghue

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: 12/23/2024 at 2:35 AM

Listing updated: 11/16/2024 at 2:04 PM

Listed by: Richard Eimers, Richard Eimers, Richard Eimers, Richard Eimers, Richard Eimers, Richard Eimers, Richard Eimers, Richard Eimers, Richard Eimers, Beach Road Realty Phone #: (850) 259-1798

MLS: EmeraldCoast #944494

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