About This Home

This 1-bedroom, 1-bathroom condo at 500 Gulf Shore Drive #507A in Destin, FL is listed for $440,000 ($692 per sqft). Built in 1977, the home offers 636 sqft of living space on a N/A lot.

Key Features

  • Built in 1977
  • 6 stories
  • Waterfront

Property Details

6 stories
1 full
#507A
1977

Amenities

WaterfrontA/C
Listing Description

Jetty East is a Gulf front 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 the New Norriego Point Park.

Gulf Shore drive has a bike or walking path. 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. Enjoy Gorgeous Views of the Gulf of Mexico, Destin/East Pass and expansive views toward Fort Walton.

Unit 507A is 1 of 6 - one-bedroom units on the Gulf facing east side of Jetty East. Huge Value in this unit's location. Gorgeous Views of the pool and Gulf. Gross rental income '23 $42,676 24' $41,437 25' $42,137 Rents are typically higher in this location.

No winter rental income. The kitchen/living room is open and spacious. Kitchen feature stainless steel appliances, tiled back splash and granite counter tops with small built-in desk. The bathroom features tall cabinets and tiled floors. 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, 3 beach accesses, tennis courts, pickleball, fitness room, kids' activities, music entertainment, shuffleboard, covered parking, 24-hour security. Remodeled owners' room with full kitchen for meetings or parties. The required Milestone Study and Structural Reserve Study were completed mid-summer 2025. Financing Note: 98% of STR condos are Non-warrantable/ Condotel. No conventional (government backed Fannie or Freddie) financing.

Monthly Cost Estimate

$5,559/mo

20% down · 6.5% · 30 years

Principal$318
Interest$1,907
Insurance$128
HOA$3,206

Estimates only. Actual payments may vary.

Location

500 Gulf Shore Drive #507A

Destin, FL 32541

JETTY EAST CONDO

Features & Amenities

Interior Features

Owner's ClosetWasher/Dryer Hookup

Exterior Features

Balcony

Property Details

Flooring

Tile

Construction

Concrete

Parking

Covered

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalDryerMicrowaveRefrigeratorStove/Oven ElectricWasherWater Heater - Elect

Questions & Answers

This 1-bedroom, 1-bathroom condo at 500 Gulf Shore Drive is listed at $440,000 ($692/sqft). The estimated monthly payment is $5,559 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $3206/month.

Key features include: Built in 1977, 6 stories, Waterfront. Interior Features: Owner's Closet, Washer/Dryer Hookup. Exterior Features: Balcony.

This property is listed by Carly G St Peter.

CP

Carly G St Peter

License 634180

Agent at East Pass Realty

Listed by East Pass Realty · Broker phone: (850) 837-4191 · View on Broker Site · Broker website

MLS# 998602· Source: Emerald Coast Association of Realtors· 220 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

500 Gulf Shore Drive #507A, Destin, FL 32541

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