For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Destin 32541 Holiday Isle
509B Gulf Shore Drive
$480,000
● Land - Off Market

509B Gulf Shore Drive

Destin, FL 32541
bedrooms
Studio
bathrooms
0 Bath
$753,093
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Large canal-front lot with almost 80 ft of deep water frontage on acclaimed Holiday Isle. This homesite offers the convenience and amenities of Holiday Isle plus Gulf views and beach access just across the street and 2 boat slips already in place allows you to live your dream of homeownership in the Southeast's premier vacation spot. Holiday Isle is a 2-mile long peninsula renowned for its beautiful beaches, fishing, and boating, and eclectic homes.
Unit Size
-
Days on Market
42 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$341
HOA Dues
-
Year Built
1983

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (ECAR #810471)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Dec 19, 2018 Sold
Premium
Sold
Nov 7, 2018 Listed by Coldwell Banker Realty $495,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,915
  • Lot Size Frontage Feet: 780
  • Total Building Area: 4,160
  • Gross Building Area: 4,160
  • Building Area: 2,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLIDAY ISLE
  • Land Acres: 0000000251
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: HOLIDAY ISLE LOT 111 BLK F

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-2186-000F-1110
  • Block: F
  • Lot: 111
  • Municipality: DESTIN
  • Latitude: 30.385
  • Longitude: -86.4994

    Address

  • Full Address: 509 Gulf Shore Dr
  • Address - House Number: 509
  • Address - Street Name: Gulf Shore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C004
  • 4-Digit Zip Code: 3008
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,428
  • Tax Year: 2023
  • Tax Amount: $1,117,607
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 1,585,376
  • High Value: 1,713,540
  • Low Value: 1,457,212

    Market Valuation

  • Market Total Value: $1,016,578
  • Market Land Value: $768,652
  • Market Improvement Value: $247,926

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,016,578
  • Assessed Land Value: $768,652
  • Assessed Improvements Value: $247,926

    Sales

  • Current Sale Contract Date: Aug 15, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3642347
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Holiday Isle

Stats & Trends

Median Asking:

$1,100,000

Sale Price/ft²

$547

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2441 ft²

Average Home Age

39.9 years

Currently For Sale

21 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Roger G Archer, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 810471
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 509B Gulf Shore Drive built and last sold?
The property at 509B Gulf Shore Drive was built in 1983 and last sold on Aug 15, 2023 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 509B Gulf Shore Drive is $499,950.
What are some comparable homes to 509B Gulf Shore Drive?
There are currently no comparable homes to 509B Gulf Shore Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Destin Homes for Sale
Destin Houses for Sale
Destin Condos for Sale
Destin Townhouses for Sale
Destin Land for Sale
Destin Homes with Basements
Destin Homes with Pools
Destin Homes with Parking
Nearby Cities
Miramar Beach Homes for Sale
Wright Homes for Sale
Fort Walton Beach Homes for Sale
Lake Lorraine Homes for Sale
Ocean City Homes for Sale
Shalimar Homes for Sale
Cinco Bayou Homes for Sale
Nearby Property Records
Okaloosa County, FL Property Records
Walton County, FL Property Records
Santa Rosa County, FL Property Records
Washington County, FL Property Records
Bay County, FL Property Records
Holmes County, FL Property Records
Escambia County, FL Property Records
Covington County, AL Property Records
Neighborhoods
Santa Rosa Island Real Estate
Downtown Destin Real Estate
Crystal Beach Real Estate
Port Dixie Real Estate
Destin Harbor Real Estate
Seabreeze Real Estate
Northwest Real Estate
Oakland Real Estate
Nearby Counties
Fort Walton Beach Homes for Sale
Top Real Estate Agents
Top Agents in Holiday Isle
Top Agents in Destin
Top Agents in Fort Walton Beach
Top Agents in 32541
Top Agents in Miramar Beach
Top Agents in 32550
Top Agents in 32548
Top Agents in Wright