1 of 52

Want to see similar homes for sale?

506 Gulf Shore Drive

Destin, FL 32541

2 beds
2 baths
1,362 sqft
$671 per sqft
1982 build
– on site

More homes

Inlet Reef on Holiday Isle, Destin, experience the luxury and lifestyle of coastal living in this highly sought-after Gulf Front Condo. The unparalleled views and direct access to the balcony from both the living area and the master bedroom, offer the perfect vantage point to enjoy the sunsets. The custom kitchen, designed for culinary enthusiasts, features custom cabinetry, new appliances, elegant granite counters, and recessed lighting. The master bath has been thoughtfully renovated with quartz counters, double sinks, a seated vanity, a spacious tile shower, and a custom closet complete with a built-in shoe rack. The guest room, with its generous closet, provides a tranquil space for relaxation. An added convenience is a full size in-unit washer and dryer. The condo is also equipped with a Halo water detection system, Impact Sliders and storm shutters for added peace of mind. Recent upgrades, including a completely replaced HVAC system in 2021 and a new Water Heater in 2020. Inlet Reef's amenities include a large gulf-front pool, lighted tennis courts, pickle ball courts, and a state-of-the-art workout facility. Owners enjoy garage parking on a first-come, first-serve basis, and owners pets are welcome. This unit is not only a luxurious residence but also an income-producing opportunity, thanks to its prime location. Units in Inlet Reef have demonstrated impressive gross rental income ranging from $68,000 to $117,000, depending on occupancy. Additionally, for the upcoming season, enjoy the added convenience of beach chair service. Don't miss this rare opportunity to own a piece of coastal paradise with luxurious living and impressive rental potential. Schedule your showing today.

Listing courtesy of ECARMLS / Coldwell Banker Realty

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# 937227 —

The Building

Year Built:

1982
Construction Materials:

Concrete, Steel, Stucco
# of Buildings:

114
Building Area Total:

1362.0
Building Area Source:

Appraiser
Architectural Style:

N/A
Basement:

None
Stories Total:

7
Levels:

None
Foundation Details:

None
Exterior Features:

Balcony
Patio And Porch Features:

None
Accessibility Features:

None
Security Features:

None
Direction Faces:

None
Green Energy Efficient:

Doors

Interior

Interior Features:

Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - None, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Renovated, Washer/Dryer Hookup
Rooms Total:

4
Flooring:

None
Fireplace:

No
Fireplaces Total:

None
Fireplace Features:

None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Financial & Terms

Buyer Financing:

Conventional

Location

Directions:

From Highway 98 in Destin, turn south on Gulf Shore Drive. Continue on Gulf Shore DR, Inlet Reef building will be on your left.

The Property

Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Construction Complete
Property Attached:

None
Lot Size Units:

Acres
Possible Use:

None
Parcel Number:

00-2S-24-4575-0000-4040
Topography:

None
Waterfront:

true
Waterfront Features:

Gulf
Water Body Name:

None

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

3710.12
Tax Legal Description:

INLET REEF CLUB UNIT 404

Beds

Bedrooms Total:

2

Baths

Total Baths:

2.0
Total Baths:

2
Full Baths:

2
Partial Baths:

None
Three Quarter Baths:

None
Quarter Baths:

None

The Listing

Home Warranty:

No

Heating & Cooling

Heating:

No
Cooling:

No

Utilities

Utilities:

Community Water, Electric, Public Sewer, Public Water, TV Cable
Electric:

None
Sewer:

None

Appliances

Appliances:

Dishwasher, Dryer, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer
Dryer:

true
Washer:

true
Microwave:

true
Dishwasher:

true

Schools

Elementary School:

Destin
Elementary School District:

None
Middle Or Junior School:

Destin
Middle Or Junior School District:

None
High School:

Destin

The Community

Subdivision Name:

INLET REEF CLUB CONDO
Community Features:

BBQ Pit/Grill, Beach, Community Room, Dumpster, Elevators, Exercise Room, Gated Community, Pets Allowed, Pool, Sauna/Steam Room, Separate Storage, TV Cable, Waterfront, Whirlpool
Association:

true
Association Amenities:

None
Association Fee:

None
Association Fee 2:

3459.0
Association Fee Frequency:

Quarterly
Association Fee Includes:

Accounting, Ground Keeping, Insurance, Internet Service, Management, Security, Sewer, Water, Cable TV, Trash
Pool Private:

None
Pool Features:

Pool Type
Spa Features:

None
Pets Allowed:

None
Senior Community:

No

Parking

Attached Garage:

false
Carport:

false
Parking Features:

Garage, Covered, See Remarks

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$148/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price	% Change
3/1/24 Mar 1, 2024	Sold	ECARMLS	$915,000

Condo Sold on 3/1/2024

$915,000

Listing provided by broker:

Paige Brown

Coldwell Banker Realty

Newest listings in Destin, FL

Similar sold homes

Listing Courtesy of: ECARMLS and Coldwell Banker Realty.

The information provided is exclusively 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 information provided is deemed reliable but is not guaranteed and should be independently verified.

506 Gulf Shore Drive

Destin, FL 32541