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

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 exceptional array of amenities, including over 3,000 feet of pristine beach frontage, multiple pools, tennis courts, shuffleboard, and 24-hour gated security--all within one of the most sought-after communities along the Emerald Coast. Whether you're seeking a flexible coastal getaway or a smart investment opportunity, Unit 509 offers a rare combination of view, versatility, and value.

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 613.41 List Date: 2026-04-16 Current Price: $549,000 List Price: $549,000

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

General Property Info

Sub-Type: Condominium Design: N/A SqFt Source: Building Plan Stories In Unit: 1 # of Units in Bldg: 66 Stories in Building: 6 Unit Floors Above Ground: 5 Immediate Occupancy: Yes Garage: Yes Carport: No Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 895 Bedrooms: 2 Full Baths: 2 Total Bathrooms: 2 Year Built: 1986

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

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: 1 Gulf: 1 Gulf/Pass: 1

Construction Status

Construction Complete: 1

Parking Features

Covered: 1

Waterview

Coastal Dune Lakes: 1 Gulf: 1 Gulf/Pass: 1 Harbor: 1

Project Facilities

BBQ Pit/Grill: 1 Beach: 1 Elevators: 1 Gated Community: 1 Picnic Area: 1 Pool: 1 Separate Storage: 1 Tennis: 1 Whirlpool: 1

Utilities

Electric: 1 Phone: 1 TV Cable: 1

Exterior

Balcony: 1 Deck Open: 1 Hot Tub: 1

Interior

Breakfast Bar: 1 Furnished - All: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven Self Cleaning: 1 Refrigerator: 1 Smoke Detector: 1 Smooth Stovetop Rnge: 1 Washer: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Water Heater - Elect: 1

Bedroom

Second: 1

Kitchen

Second: 1

Living Room

Second: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1

Status Change Info

Status: Active

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

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