506 Gulf Shore Drive Unit #UNIT 615, Destin, FL 32541

$479,000
2
BD
2
BA
1,362
SqFt
List Price
$479,000
Days on Market
40
MLS#
852673
Status
PENDING
Type
Condo
Subtype
Condominium
Bedrooms
2
Bathrooms
2
Full Bathrooms
2
Living Area
1,362
Neighborhood
1401 - Destin Beaches West
Building Name
Inlet Reef Club Condo

Property Description

Beautiful Gulf Front property with great views of the Gulf, Pass, and Destin Harbor from this sixth floor top level unit! Beachy decor and paint makes this unit a strong renter. Last year it grossed over $42,000 with some owner usage and is having a strong year for 2020 in spite of losing the spring due to Covid 19. It has two bedrooms, two full baths and a bunk room which make it desirable for families. Large Master Suite with walk in closet. Owner lock out closet in unit and an added bonus is the under garage parking and separate storage unit. Inlet Reef is gated and offers on-site security, on-site HOA, lighted tennis courts, heated pool and spa, cabana, grills, gym, shuffle board, community room, and the most beautiful beaches on the Emerald Coast that have just been re-nourished. Inlet Reef has to increase the HOA dues due to shortages from covid. They basically added $100/month. They are hoping to reduce them once the rental income comes back. Being offered fully furnished and is turn key rental ready. HBO is included in the cable package included in the HOA dues. Owners are allowed to have pets. The complete HVAC system was replaced in 2016. There a a few exclusions of wall decor: The Destin Rodeo framed prints and an original painting done by the seller.

Additional Information

Appliances
Cooktop, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Microwave, Oven Continue Clean, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
Assmt Fee Term
Quarterly
Association
Emerald Coast
Building Name
Inlet Reef Club Condo
Construction Siding
Concrete, Roof Concrete, Roof Flat, Stucco
Design
N/A
Elementary School
Destin
Energy
AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
Exterior Features
Balcony
Fees
$2,170
Fees Include
Ground Keeping, Insurance, Internet Service, Legal, Licenses/Permits, Management, Recreational Faclty, Repairs/Maintenance, Security, Sewer, Trash, TV Cable, Water
High School
Fort Walton Beach
Interior Features
Breakfast Bar, Ceiling Crwn Molding, Floor Tile, Furnished - All, Hallway Bunk Beds, Pantry, Plantation Shutters, Renovated, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
Legal Description
INLET REEF CLUB UNIT 615
Middle School
Destin
Neighborhood
1401 - Destin Beaches West
Parking Features
Covered
Project Facilities
BBQ Pit/Grill, Beach, Elevators, Exercise Room, Gated Community, Pool, Sauna/Steam Room, Separate Storage, Tennis, TV Cable, Waterfront
Stories In Bldg
7
Unit Number
UNIT 615
Utilities
Electric, Public Sewer, Public Water, TV Cable
Waterfront
Gulf
Waterview
Gulf, Gulf/Pass, Harbor, Intracoastal Waterwy
Year Built
1983

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Five Star Properties RE FL Inc.