$650,000
2
Beds
⋅
2
Baths
⋅
1015557
MLS
⋅
1,036
SqFt.
Jetty East is a gated, six-story midrise located directly on the beach on Holiday Isle along Gulf Shore Drive in Destin. It offers covered under-building parking and convenient access to Destin Harbor, East Pass jetties, and New Norriego Point for walking, biking, snorkeling, and fishing. Unit Details & Renovations (Unit 213B):Full Remodel (2015): Taken down to the studs with a reconfigured kitchen layout. Upgrades included complete copper rewiring with a new electrical panel, exterior venting for both bathroom fans, updated plumbing lines, luxury vinyl plank (LVP) flooring, quartz countertops in the kitchen and bathrooms, custom kitchen cabinets, crown molding, shiplap walls, and tiled showers with glass doors. Appliance & Systems Updates: Water heater (10/26), Refrigerator (7/26), Microwave (5/25), and HVAC system (6/20).
Rental Income: Generates $42,500 to $45,800 annually, even with heavy owner usage.
Building Amenities & Location: Amenities: 900 feet of beach frontage, a 2,400-square-foot pool with a sun deck, hot tub, beachside pavilion with charcoal grills, tennis and pickleball courts, fitness room, shuffleboard, children's activities, seasonal music entertainment, 24-hour security, and an owners' room with a full kitchen.
Location: Close proximity to local shopping, dining, and grocery stores, including the new Publix. Financing & Structural Notes: Jetty East is classified as a non-warrantable condotel and does not qualify for conventional Fannie Mae or Freddie Mac financing. The required Milestone Study and Structural Reserve Study were both completed in mid-summer.
500 Gulf Shore Dr Unit UNIT 213B, Destin