480 Gulf Shore Drive 509, Destin, FL 32541 (MLS# 1000727)

480 Gulf Shore Drive 509, Destin, FL 32541

New Listing

$549,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 895 Status: Active

Current Price: $549,000 List Date: 4/16/2026 Last Modified: 4/16/2026

Overview

Description

Experience the perfect blend of elevated views, flexibility, and investment potential in this Gulf-front mid-rise residence, ideally positioned on the 5th floor within the gated, amenity-rich coastal community of Destin Pointe. From your private balcony, take in sweeping views of the pool, Gulf, and East Pass--an outlook that only a limited number of higher-floor units in Magnolia House can offer. The added elevation not only enhances the view but provides a greater sense of privacy and connection to the surrounding coastal landscape. Inside, Unit 509 offers a unique and highly desirable flex-space design--one of only a handful of units in the building with this capability. An accordion-style wall allows you to easily transform the layout to suit your needs: open it up for an expansive,

Supplements: light-filled living area ideal for entertaining, or close it off to create a private second bedroom for guests. This versatility makes the residence equally appealing as a personal retreat or a high-performing rental. The condo is tastefully appointed and designed for both relaxation and functionality. Residents and guests enjoy access to an exce ... (Read more)

Listing Details MLS# 1000727

Contract Info

List Price/SqFt: 613.41
Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin
Street #: 480
Street Name: Gulf Shore
Street Suffix: Drive
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: MAGNOLIA HOUSE
Parcel ID: 00-2S-24-062E-0000-5090

General Property Info

Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 895
SqFt Source: Building Plan
Full Baths: 2
Total Bathrooms: 2
Stories In Unit: Yes
# of Units in Bldg: 66
Stories in Building: 6
Unit Floors Above Ground: 5
Year Built: 1986
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Pool: Yes
Pool Type: Community

Location, Tax and Legal

Unit #: 509
Sub Area: 1401 - Destin Beach West
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: MAGNOLIA HOUSE UNIT 509

Listing Info, Tax & Legal

Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 3963.51
Annual Assessment Amount: 15854.04
Assessment Paid: Quarterly
New Buyer Fee: No
Last Taxes: 5503.77
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

More Information

Remarks & Misc

Remarks: Experience the perfect blend of elevated views, flexibility, and investment potential in this Gulf-front mid-rise residence, ideally positioned on the 5th floor within the gated, amenity-rich coastal community of Destin Pointe. From your private balcony, take in sweeping views of the pool, Gulf, and East Pass--an outlook that only a limited number of higher-floor units in Magnolia House can offer. The added elevation not only enhances the view but provides a greater sense of privacy and connection to the surrounding coastal landscape. Inside, Unit 509 offers a unique and highly desirable flex-space design--one of only a handful of units in the building with this capability. An accordion-style wall allows you to easily transform the layout to suit your needs: open it up for an expansive,

Waterfront

Coastal Dune Lakes: Yes
Gulf: Yes
Gulf/Pass: Yes

Construction Status

Construction Complete: Yes

Parking Features

Covered: Yes

Waterview

Coastal Dune Lakes: Yes
Gulf: Yes
Gulf/Pass: Yes
Harbor: Yes

Project Facilities

BBQ Pit/Grill: Yes
Beach: Yes
Elevators: Yes
Gated Community: Yes
Picnic Area: Yes
Pool: Yes
Separate Storage: Yes
Tennis: Yes
Whirlpool: Yes

Utilities

Electric: Yes
Phone: Yes
TV Cable: Yes

Exterior

Balcony: Yes
Deck Open: Yes
Hot Tub: Yes

Interior

Breakfast Bar: Yes
Furnished - All: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven Self Cleaning: Yes
Refrigerator: Yes
Smoke Detector: Yes
Smooth Stovetop Rnge: Yes
Washer: Yes

Energy

AC - Central Elect: Yes
Ceiling Fans: Yes
Water Heater - Elect: Yes

Bedroom

Second: Yes

Kitchen

Second: Yes

Living Room

Second: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Living Room: Yes

Property Features

Construction Status: Construction Complete Waterfront: Coastal Dune Lakes; Gulf; Gulf/Pass Waterview: Coastal Dune Lakes; Gulf; Gulf/Pass; Harbor Parking Features: Covered Project Facilities: BBQ Pit/Grill; Beach; Elevators; Gated Community; Picnic Area; Pool; Separate Storage; Tennis; Whirlpool Exterior: Balcony; Deck Open; Hot Tub Interior: Breakfast Bar; Furnished - All Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven Self Cleaning; Refrigerator; Smoke Detector; Smooth Stovetop Rnge; Washer Utilities: Electric; Phone; TV Cable Energy: AC - Central Elect; Ceiling Fans; Water Heater - Elect Bedroom: Second Kitchen: Second Living Room: Second Rooms: Bedroom; Kitchen; Living Room

Room Information

Bedroom Level: Second Dimensions: 15 x 11 Length: 15.00 Width: 11.00 Dimensions: 15 x 11 Bedroom Level: Second Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Living Room Level: Second Dimensions: 25 x 23 Length: 25.00 Width: 23.00 Dimensions: 25 x 23 Kitchen Level: Second Dimensions: 10 x 8 Length: 10.00 Width: 8.00 Dimensions: 10 x 8

Listing Office: Berkshire Hathaway HomeServices

Last Updated: April - 16 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.