About 500 Gulf Shore Drive Unit 317a
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. 317A is a 1 bedroom 1 bath unit offering gorgeous gulf views from the kitchen, living room and balcony. Decorated with Blue tones, plank flooring, granite counter tops in the kitchen and bath, stainless steel appliances, eat in breakfast bar, tiled back splash, ceiling fans in the living room and bedroom, Rental income 2023 $49,820, 2024 $41,000(no winter income) 2025 $38,000 (no winter rental). The unit features EFCO (category4) sliding glass doors and windows paid for by the seller. Approximately $25,000 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 2024. Financing Note: 98% of STR condos are Non-warrantable/ Condotel. No conventional (government backed Fannie or Freddie) financing.
