502 Gulf Shore Drive #Unit 114, Destin, FL 32541
Sources: Emerald Coast MLS (listings + 12-mo closed sales), FEMA, modeled insurance. Interpretation: Momentum Research. Data notes
As of September 30, 2026, 502 Gulf Shore Drive #UNIT 114 in Islander Condo, Destin is listed at $369,877. That is 51% above Islander Condo's median closed sale of $244,800 over the last 12 months (23 recorded sales). It has been 501 days on market, longer than the community's typical 29 days to contract. Listing facts: built in 1984, waterfront. The parcel maps to FEMA flood zone AE, a special flood hazard area where lenders generally require flood insurance. Figures are from the MLS record and county data; deemed reliable but not guaranteed.
- No CDD assessment on record
- Built 1984 · 42 yrs
- 501 days on market
- HOA ~$50/mo (estimate; confirm)
Pricing & the MORRIS ADDN TO CRESTVIEW market
How this home is priced against recent nearby sales, and where MORRIS ADDN TO CRESTVIEW has been over 25 years. Momentum Research analysis of Emerald Coast MLS records; closed sales, deemed reliable but not guaranteed. Estimates only; see data notes.
Median sale price by year
12-month median closed price, 2012–2026.
Market Heat by year (0–100)
Momentum Market Heat, 2015–2026. Now 58 (normal).
This home’s history
- 1984BuiltPer public record
- Aug 4, 2026First trackedObserved at $392,877 · 501 days on market
- Aug 10, 2026Price cut$387,877 (-$5,000, -1.3%)
- Sep 12, 2026Price cut$369,877 (-$18,000, -4.6%)
- NowActiveCurrently for sale
Build year is from public record. Listing milestones reflect movewithmomentum.com’s own observations since we began tracking this listing and are not the MLS listing history; dates and prices are deemed reliable but not guaranteed.
Estimated monthly payment
- Principal & interest $1,975/mo 77%
- Taxes $324/mo 13%
- Insurance $201/mo 8%
- HOA $50/mo 2%
$2,549/mo at 20% down, 30-yr @ 7.03% · edit any field to update.
Editable estimate — not a loan offer. Estimates only; see data & estimate notes.
Property taxes
✓ Based on certified county tax rollMany first-time Florida buyers are surprised when property taxes jump after closing. This estimate helps you budget before you make an offer.
Most of this comes from Florida’s Save Our Homes assessment cap resetting when the home sells — the current owner’s protected assessment doesn’t transfer to a new buyer.
Adjust for your exemptions, portability, and down payment
A market / assessed / taxable trend chart appears here once the prior-year rolls are ingested.
Sources: Florida DOR certified tax roll (2025), Emerald Coast AR. County public record, not MLS data — matched to this home by parcel ID. Estimates are not a tax bill.
Natural hazard risk
FEMA National Risk Index for Okaloosa County, FL: overall Relatively Moderate. Ratings compare this county with every county in the United States for expected annual loss from each hazard.
Source: FEMA National Risk Index (county level, hazard risk ratings only). Ratings describe the county, not this parcel; the flood zone shown above is parcel-specific. Verify insurance requirements with your lender and agent.
Momentum Property Score
39/100 is limited across the objective indicators below. It reflects only those measures — not the home’s quality, condition, or desirability.
A 0-100 score built from objective property and market data: flood risk, insurance, pricing, supply, affordability, and recent sales. Higher means more measures line up in a buyer’s favor. It reflects only the factors below.
Momentum Scores are objective, rules-based indicators computed from listing facts, public records, and recent nearby sales. They are not appraisals, valuations, investment advice, or judgments about a neighborhood or who should live there. Verify independently.
The Momentum read
63% of homes in MORRIS ADDN TO CRESTVIEW are owner-occupied. An estimated 37% are non-owner-occupied, including 6% held in a company or trust and 7% out-of-state owners.Why it matters: a high owner-occupied share typically means fewer rentals nearby and steadier resale demand.Source: Florida Department of Revenue 2025 assessment roll (public records), 1860 homes matched. Community-level context.
Recent MORRIS ADDN TO CRESTVIEW sales closed near 99.0% of original asking.Why it matters: the community’s own record shows how far opening prices typically move, and how often buyers compete without financing.Momentum Research analysis of Emerald Coast MLS records, community-level, 12 months ending September 20, 2026. Aggregates only; deemed reliable but not guaranteed.
What’s unique here: one of only 716 active listings in MORRIS ADDN TO CRESTVIEW, no CDD assessment.
Jump to: About this home · Every number, sourced · Monthly cost · Flood & risk · History · FAQ
Updated September 30, 2026 · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
About this home
LIMITED 30-DAY PRICE OPPORTUNITY -- Newly repositioned at $369,877 through October 12, 2026. Seller intends to withdraw the property from the market if not under contract by that date. All offers remain subject to seller review and acceptance.
*Charming Coastal Retreat - Unit #114, Islanders Condominium, Destin, FL Discover the perfect blend of comfort and convenience in Unit #114 at the Islanders Condominium. This immaculate, ground-floor unit offers the ultimate in accessibility, allowing you to step right out to beautifully maintained green spaces, with the beach and pool area just moments away. Forget about the hassle of elevators or stairs - enjoy the ease of direct access and nearby parking.
Bathed in natural light, this bright and cheerful condo provides ample space for relaxation and entertaining. The unit features tasteful upgrades, New Appliances and is offered fully furnished. Located in the vibrant heart of Destin, FL, known for its top-rated beaches and as a premier vacation destination, this condo promises an unmatched coastal living experience.
The Islanders Condominium is celebrated for its pristine condition, well-tended grounds, and strong financial health. The building recently passed the SIRS inspection and is set for some fresh painting this fall, all within budget and with generous reserves. Friendly on-site management ensures a welcoming and hassle-free environment.
The resort boasts a wide array of amenities designed to cater to both relaxation and adventure seekers. Enjoy two sparkling pools, with one heated year-round, and unwind in one of the two hot tubs. Stay active with access to a tennis court, four pickleball courts, a basketball half-court, and a mini gym.
For those who love outdoor gatherings, the poolside pavilion with BBQ grills and tables is perfect for family and friends. The Islander also provides free beach service, including two beach chairs and an umbrella for each rental. Additionally, you can enjoy a game of shuffleboard or explore nearby kayak and paddleboard rentals.
This condo is not just a delightful escape but also a savvy investment opportunity with strong rental income potential in one of the most sought-after locations in Destin. Don't miss your chance to own this slice of paradise. Schedule your private tour today and experience the exceptional lifestyle offered at Unit #114, Islanders Condominium *BONUS......
A 70 Day 2026 booking is already on the Books!!! Future Booking is transferable to buyer; however, dates and terms are subject to guest cancellations.
All 44 photos
Description provided by World Impact Real Estate and reproduced from the MLS; not independently verified.
Every fact, sourced
Listing data, public records, our calculations, and what to verify — each fact shown once. Estimates and calculations shown are for general information only, are not appraisals or advice, and should be independently verified.
Listing facts MLS
Public records & third-party data
Calculated estimates
Buyer should verify Buyer verify
Similar homes for sale near ISLANDER CONDO
Active listings nearby at a comparable size and price. Listings held by brokerages other than Momentum Realty are marked with the listing broker. Deemed reliable but not guaranteed.
Newest listings in ISLANDER CONDO
- 514 Gulf Shore Drive #Unit 102 · $999,000 · 2 bd / 2.0 ba · listed September 30, 2026 (courtesy of RE/MAX Gulf Coast Realty)
- 1050 E Highway 98 #901E · $1,900,000 · 4 bd / 3.0 ba · listed September 29, 2026 (courtesy of Compass)
- 5919 Pineforest Drive · $370,000 · 3 bd / 2.0 ba · listed September 29, 2026 (courtesy of Ruckel Properties Inc)
- 3 Ipswich Circle · $475,000 · 4 bd / 2.5 ba · listed September 29, 2026 (courtesy of Realty ONE Group Emerald Coast)
- 217 NE Yacht Club Drive · $2,200,000 · 4 bd / 2.5 ba · listed September 28, 2026 (courtesy of Livin Right Real Estate LLC)
- 371 NW Oakland Circle · $260,000 · 3 bd / 1.5 ba · listed September 27, 2026 (courtesy of RE/MAX Gulf Coast Realty)
Recently off market in ISLANDER CONDO
- 671 Nautilus Court #Unit 502 · last listed $459,000 · 2026-09-29
- 514 Gulf Shore Drive #Unit 102 · last listed $1,100,000 · 2026-09-29
- 4577 Castlewood Lane · last listed $535,000 · 2026-09-29
- 4353 Poverty Creek Road · last listed $885,800 · 2026-09-29
- 4207 Indian Bayou Trail #21103 · last listed $320,000 · 2026-09-29
- 318 Boxer Avenue · last listed $539,900 · 2026-09-29
Price & listing history
Building permits
Flood zone & elevation
Sourced environmental data for the parcel. Confirm with FEMA and your insurer.
From the FEMA flood map. Lender-required flood insurance may apply; confirm for the parcel.
Approximate parcel elevation from USGS; confirm exact elevation with a survey.
This is a coastal Florida county. Premiums and coverage vary by home; obtain a quote from a licensed insurer.
Internet & broadband
AT&T Fiber covers much of NE Florida; confirm availability at the address.
Xfinity/Spectrum cable broadband is widely available.
T-Mobile / Verizon fixed-wireless as a backup option.
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Listed by World Impact Real Estate · MLS # 976588
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Recent sales activity in ISLANDER CONDO
Recent comparable closed sales near this home, from public records. Summary figures are for general reference only and are not a valuation of this property. See the ISLANDER CONDO neighborhood guide for more.
Recent nearby closings in the data set.
Canonical 12-month median closed price. Reference only.
Canonical 12-month median $/sq ft. Reference only.
Explore Okaloosa County
Browse market data, schools, taxes, and homes for sale across the county.
Assigned schools
Schools currently assigned to this address in Okaloosa County, provided as neutral factual data. Assignments can change — confirm current zoning with the school district. This is not a statement about the home's suitability for any person or family.
Assigned schools per the MLS listing — assignments can change; confirm current zoning with the district. Browse school-zone pages →
Comparable recent sales
Recent closed sales nearby, with photos, so you can compare. Sold prices are public record, deemed reliable but not guaranteed.
No closely comparable recent sales were found in this data set.
Just listed: new homes for sale in the Emerald Coast in the last 48 hours · updated hourly · RSS · The Emerald Coast market today: new listings, price cuts, pendings
Investment snapshot
Objective rental and cash-flow estimates for a buyer weighing this as an investment. Rough figures for general information only — not a guarantee of rent, an appraisal, or investment advice. Verify independently.
Buyer research checklist
Items worth confirming for 502 Gulf Shore Drive #UNIT 114, chosen from what the record shows. This is general guidance, not advice about this specific property.
- Built in 1984 (42 years): ask for the roof and HVAC replacement dates — insurers commonly ask for roof age on homes this old, and it changes the premium.
- Condominium: request the association's budget, reserves, the most recent milestone or structural inspection report, and two years of meeting minutes before relying on the dues.
- FEMA flood zone AE: lenders generally require flood insurance here — get an elevation certificate and a flood quote before the inspection period ends.
- Get a homeowners insurance quote for this specific address in Okaloosa County; a wind-mitigation inspection and, on older homes, a four-point inspection can change the premium.
- Waterfront: confirm seawall or dock condition and permits, and ask who owns and maintains the shoreline.
- Confirm square footage and room dimensions independently.
- Order a survey to confirm lot boundaries and easements.
- Review permit history with the county.
- Property taxes: the estimate on this page (about $3,884/yr) assumes reassessment at the list price; the seller's homestead cap does not transfer, so their current bill is not a guide.
- School zoning shown here comes from district data and changes; confirm the assigned schools directly with the district before relying on them.
Approximate distances
Approximate drive times for general reference only.
Groceries, dining, and parks for this city — see the city guide.
View →Schools, taxes, and services are county-administered — see the county guide.
View →Amenities and HOA/CDD detail on the neighborhood guide.
Data sources & freshness
| Listing record | Emerald Coast MLS, refreshed hourly (last: September 30, 2026) |
| Community market stats | Emerald Coast MLS closed sales, as of September 20, 2026 |
| Flood zone & elevation | FEMA flood maps + USGS elevation (Zone AE shown above) |
| Taxes & monthly cost | Estimated from county rates; not a quote |
| Insurance figure | Modeled estimate; obtain a real quote before offering |
| Schools | 2025-26 district assignments; verify with the district |
Momentum Research lines are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Estimates are informational, not appraisals or advice. Methodology: how Momentum scores are computed.
Frequently asked questions
How big is 502 Gulf Shore Drive #UNIT 114 and when was it built?
Per the listing record, 502 Gulf Shore Drive #UNIT 114 was built in 1984 and has 2 bedrooms and 2.0 bathrooms. Living area and lot size come from the MLS record and should be verified against the county property appraiser.
What community is 502 Gulf Shore Drive #UNIT 114 in?
502 Gulf Shore Drive #UNIT 114 is in Islander Condo in Destin, Okaloosa County. The community section on this page shows recent closed sales, days on market, and active inventory for Islander Condo from the same MLS data.
Why might property taxes on 502 Gulf Shore Drive #UNIT 114 differ from the current owner's?
The estimate on this page (about $3,884 per year) assumes reassessment at the list price. Florida's Save Our Homes rule caps annual assessment increases for homesteaded owners, and the assessment resets after a sale, so a new owner's bill may differ from the seller's. Any tax figure shown here is an estimate, not the actual bill — confirm with the county property appraiser and tax collector.
Is 502 Gulf Shore Drive #UNIT 114 in a flood zone?
The FEMA flood map places this parcel in Zone AE, a special flood hazard area where lenders generally require flood insurance on a mortgaged purchase. Confirm the parcel's status with FEMA and your insurer, and ask for an elevation certificate.
Can I rely on the figures on this page?
No. Estimated taxes, insurance, payments, and any market or comparable-sales summary are opinions and estimates for general information only and should not be relied upon. Verify all information independently before making any decision.
See 502 Gulf Shore Drive #UNIT 114 in person
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Opinion & estimate — do not rely on this page. Any figure on this page that is not a verbatim fact from the listing or a public record — including estimated property taxes, insurance, CDD/HOA amounts, mortgage payments, comparable-sales summaries, and market statistics — is an opinion and estimate provided for general informational purposes only. These figures may be inaccurate or out of date, are not appraisals, valuations, or financial, legal, tax, or investment advice, and should not be relied upon. Do not make any purchase, offer, financing, or other decision based on this page. Independently verify everything — price, square footage, lot size, year built, taxes, CDD/HOA, flood status, school assignments, permits, and community rules — with the listing broker, the county, your lender, a licensed inspector, an insurer, and your own advisors before acting.
Estimate methodology. Tax estimates apply a typical county millage rate to the list price and will differ from the actual assessed bill. Cost and market figures are derived from available data and simple calculations, not a professional appraisal. We make no representation that any estimate reflects fair market value.
Equal Housing Opportunity. Content on this page is compiled from public records, MLS data, and automated sources and may contain errors or be out of date. It is general information only, not a representation about any specific property, community, builder, or association. Verify information independently before relying on it. Momentum Realty supports the Fair Housing Act and does not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. Information about schools, distances, and amenities is provided as neutral factual data to help you research the property and is not a statement about who should or should not live here or the suitability of the home or neighborhood for any person or group. School data may change — confirm current assignments with the school district.
Found an error? If you are the owner, listing agent, or a party to this property and believe any information is inaccurate, email and we will review and correct or remove it promptly.
Automated content. Some summaries, distances, and estimates on this page are generated automatically from public and proprietary data sources and may contain errors or omissions. We strive for accuracy but cannot guarantee the completeness or accuracy of any information. Verify anything important independently.
No warranty; measurements & photos. No guarantee, warranty, or representation of any kind is made regarding the completeness or accuracy of any information, descriptions, or measurements on this page — including square-footage measurements and property condition — all of which should be independently verified through appropriate means, including in-person inspection and public records. Photographs may be virtually staged or digitally enhanced and may not reflect actual property conditions. Momentum Realty and its agents expressly disclaim any liability in connection with the information provided.
MLS / IDX. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Emerald Coast Association of REALTORS® Internet Data Exchange. Real estate listings held by brokerage firms other than Momentum Realty are marked with the listing broker's name and include the name of the listing agent. Data provided is deemed reliable but is not guaranteed by the MLS to be accurate. 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. Source: Emerald Coast Association of REALTORS®. © 2026 Emerald Coast Association of REALTORS®, Inc. All rights reserved.
Listing data is deemed reliable but is not guaranteed and is subject to change or withdrawal without notice. Square footage and lot size are approximate. Real estate brokerage services provided by Momentum Realty, licensed in Florida and Georgia. © 2026 Move With Momentum LLC.