500 Gulf Shore Drive Unit 507a, Destin, FL

About 500 Gulf Shore Drive Unit 507a

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.

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