Welcome to 705 Gulf Shore Drive, Unit 101 in Destin, a promising investment with similar units in the community reaching $57,000 in annual rental income. This inviting unit offers a comfortable interior, ideal for personal enjoyment and appealing to renters. It boasts access to a community dock, perfect for boating enthusiasts. Situated in a desirable location, this property balances the charm of a beachside retreat with the practicality of a profitable rental, making it an attractive choice for homeowners and investors alike.
Property Details
Property Features
Property Information:
Architectural Style: N/A
Year Built: 1981
Living Area: 1,203 SqFt
Listing Office:
Office Name: Dream Destin Realty PLLC
Office Email: brian@dreamdestin.com
Listing Agent: Dustin L Cornwell
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Other
Directions Information:
Directions: From Hwy 98 head west on Gulfshore Drive and Destin Sands will be located on the right
Price Information
Listing Price Info
Price Summary:
List Price: $540,000
Price Per SqFt: $449/SqFt
HOA Fees:
Amount: $1683
Frequency: Quarterly
Tax Information:
Annual Amount: $3,941
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Destin, FL.
This property is $93.2K less than the Median Sold Price and $65/SqFt more than other homes in Destin, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Emerald Coast Association of REALTORS®
MLS Number: #938542
Listing Office:
Office Name: Dream Destin Realty PLLC
Office Email: brian@dreamdestin.com
Listing Agent: Dustin L Cornwell
Information Deemed Reliable but not guaranteed. The information being provided is 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 listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 13, 2018
Dec 13, 2018Home Sold
$412,500
Oct 13, 2016
Oct 13, 2016Home Sold
$366,400
Apr 14, 2016
Apr 14, 2016Home Sold
$289,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,941
$315,000
2018
$3,409
$265,550
2017
$3,352
$256,510
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,324
Per Month
Principal & Interest
$2,696
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$561
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,685
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Destin Elementary School
630 Kelly St
Distance between this listing and this school1.17 miles
Public District Grades PK-4
9
/10
Eglin Elementary School
200 Gaffney Rd
Distance between this listing and this school6.69 miles
Public District Grades KG-4
4
/10
Shalimar Elementary School
1350 Joe Martin Cir
Distance between this listing and this school6.85 miles
Public District Grades PK-5
Nearby Schools
7
/10
Destin Middle School
4608 Legendary Marina Dr
Distance between this listing and this school3.86 miles
Public District Grades 5-8
10
/10
Northwest Florida Ballet Academie
310 Perry Ave SE
Distance between this listing and this school7.07 miles
Public District Grades 3-8
4
/10
Meigs Middle School
150 Richbourg Ave
Distance between this listing and this school7.12 miles
Public District Grades 6-8
Nearby Schools
5
/10
Choctawhatchee High School
110 Racetrack Rd NW
Distance between this listing and this school9.01 miles
Public District Grades 9-12
6
/10
Fort Walton Beach High School
400 Hollywood Blvd SW
Distance between this listing and this school9.30 miles
Public District Grades 9-12
7
/10
Niceville High School
800 John Sims Pkwy E
Distance between this listing and this school9.39 miles
The neighbors living near this home have an average income of $80,435. Most Destin, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 705 Gulf Shore Dr Unit 101
What is the listing price of this property?
The listing price of 705 Gulf Shore Dr Unit 101 property is $540,000.
What type of property is this?
The property 705 Gulf Shore Dr Unit 101 is a condo located in Destin, Florida, 32541.
Is this property for sale now?
Active Listing: 705 Gulf Shore Dr Unit 101 is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $3,941 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 13, 2018 for $412,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 705 Gulf Shore Dr Unit 101 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 705 Gulf Shore Dr Unit 101 is 1,203 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 705 Gulf Shore Dr Unit 101 is 1981.
This home is located at 705 Gulf Shore Dr Unit 101 in Destin, FL and zip code 32541. This 1,203 square foot home was built in 1981. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 18, 2023 and is currently priced at $540,000.
Destin, FL housing market in October 2024 saw over 0 listings sold above listed price, more than 3 sold at listed price and over 32 sold below. Between September 2024 and October 2024, Destin, FL real estate market has seen increase in the number of listings by 4.8%. In October 2024, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $633,205.
From Rocket Homes Real Estate and based on county public records data.