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$700,000

506 Gulf Shore Dr Unit 107 Destin, FL 32541

2 beds
2 full
1,362 sqft
$514 / sqft
Condo

Property details

About 506 Gulf Shore Dr Unit 107

Discover true beachfront living in this charming 1st floor condo with fantastic Gulf views! Although it is on the first floor, the elevation above the parking area ensures unobstructed views of the Gulf! No need to take the elevator when youre steps from the sand and pool! Theres an opportunity to enhance the unit by converting the breakfast nook into a charming bunk room, as seen in other units. By purchasing this two-bedroom condo and creating an additional bedroom, you can significantly increase its value! Enjoy a spacious open floor plan that flows into an outdoor terrace, perfect for enjoying your morning coffee and cocktails at sunset. Upgrades in 2024 include new carpet in bedrooms, new A/C, new Stainless steel appliances, and washer and dryer. Premium amenities at Inlet Reef Cl lub include a large gulf-front pool, beach chair service, lighted pickleball & tennis courts, shuffleboard, full gym, covered owners parking, guest parking, and owners storage closet for all your beach items. This serene beach retreat would make a great permanent residence, second home or a fully furnished turnkey rental investment! This property is a must-see, offering everything you desire in a coastal getaway!

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size1,362 sqft
Year built1982
MLS #972597
WaterfrontGulf
ViewGulf

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Self Cleaning Oven, Refrigerator, Refrigerator, Ice Maker, Electric Oven, Washer
  • Interior: Breakfast Bar, Recessed Lighting, Owners Closet, Wallpaper, Mirrored Walls, Washer/Dryer Hookups
  • Total Bedroom Count: 2
  • Private Pool: No
  • Waterfront: Gulf
  • View: Gulf
  • Exterior: Balcony
  • Architectural Style: N/A
  • Heating: Central
  • Cooling: Central Air
  • List Price: $700,000
  • Price/SqFt: $513
  • HOA Amount: $3400 Quarterly
  • Annual Tax Amount: $6,458
  • Tax Year: 2023
  • Directions: Turn South off HWY 98 onto Gulf Shore Dr., Inlet Reef is a gated community on the left, about 1.5 miles on Gulf side.
  • Year Built: 1982
  • Living Area: 1,362 SqFt
  • MLS Number: 972597
  • MLS Name: Emerald Coast Association of REALTORS®
  • Office Name: Compass
  • Office Email: brokerfl@compass.com
  • Listing Agent: Cassandra L DeJulio

IDX Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 3:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$575,000$6,458
2022$465,000$5,603
2021$465,000$5,603
2020$450,000$5,774
2018$355,000$4,558
2017$350,500$4,576

History based on county public records data.

Nearby schools

8

Destin Elementary School

Public District PK-4

1.3 mi

630 Kelly St

5

Elliott Point Elementary School

Public District PK-5

6.4 mi

301 Hughes St NE

4

Shalimar Elementary School

Public District PK-5

6.4 mi

1350 Joe Martin Cir

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $111,932. The majority of Destin, FL residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

0%
<35k
44%
35k-100k
25%
100k-200k
31%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

56%
Single, No Kids
5%
Single, with Kids
36%
Married, No Kids
3%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

3%
<11 yrs old
2%
12-17 yrs old
20%
18-34 yrs old
56%
35-64 yrs old
19%
65+ yrs old

What do the neighbors do for fun?

  • College FootballCollege Football
  • Skiing/snowboardingSkiing/snowboarding
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • BJs Wholesale ClubBJs Wholesale Club
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • SonicSonic
  • PaneraPanera
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • KiaKia
  • InfinitiInfiniti
  • LexusLexus

What do the neighbors listen to?

  • New CountryNew Country
  • Adult HitsAdult Hits
  • OldiesOldies
All data provided by Home Junction and Claritas

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Frequently asked questions

About 506 Gulf Shore Dr Unit 107

The listing price of 506 Gulf Shore Dr Unit 107 property is $700,000.

The property 506 Gulf Shore Dr Unit 107 is a condo located in Destin, Florida, 32541.

Active Listing: 506 Gulf Shore Dr Unit 107 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 506 Gulf Shore Dr Unit 107 are: Destin Elementary School (GreatSchools Rating 8/10), Elliott Point Elementary School (GreatSchools Rating 5/10), Shalimar Elementary School (GreatSchools Rating 4/10), Destin Middle School (GreatSchools Rating 8/10), Northwest Florida Ballet Academie (GreatSchools Rating 10/10), Meigs Middle School (GreatSchools Rating 5/10), Choctawhatchee High School (GreatSchools Rating 4/10), Fort Walton Beach High School (GreatSchools Rating 5/10), Okaloosa Technical College and Choice High School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2023 is $6,458 (source: MLS/based on county public records data).

The property at 506 Gulf Shore Dr Unit 107 has 2 bedrooms and 2 bathrooms.

The property 506 Gulf Shore Dr Unit 107 is 1,362 SqFt (source: MLS/tax record).

The year of construction for 506 Gulf Shore Dr Unit 107 is 1982.

This home is located at 506 Gulf Shore Dr Unit 107 in Destin, FL and zip code 32541. This 1,362 square foot home was built in 1982. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 31, 2025 and is currently priced at $700,000.

Over 3 listings were sold over their listed price in June 2025 in Destin, FL. In the same period over 58 listings were sold below the listed price and 7 listings were sold for the listed price. In June 2025 in Destin, FL there were 3.3% more homes for sale than in May. In June 2025 median list price was $579,000 and the average listing age was 125 days.

From Rocket Homes Real Estate and based on county public records data.

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