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Destin Condos › Inlet Reef

Inlet Reef Condos for Sale on Holiday Isle, Destin

Inlet Reef Club is a gated Gulf-front condo building at 506 Gulf Shore Drive on Holiday Isle, next door to Jetty East and close to the East Pass. Units are roomy 2-bedroom, 2-bath plans of about 1,362 sq ft with Gulf-view balconies. Owners get private beach access, a pool and hot tub, a fitness center, sauna, tennis and pickleball. Short-term rentals are allowed.

  • 1 pending, none active
  • Pending list price $629,000
  • 3 sold in the last 12 months
  • HOA about $3,908/quarter
Call Jason (850) 797-6227

Listing counts and prices from the Emerald Coast MLS, checked November 11, 2026. The listings below update automatically.

What Inlet Reef condos are selling for

Unit type Sales (12 mo) Sold range Median $/sq ft Asking now
2BR/2BA · about 1,362 sq ft 3 $540,000–$685,000 ~$470 $629,000 (pending)
What this means for buyers: Inlet Reef rarely has more than a unit or two for sale. Right now nothing is available; the one listing is already under contract at a $629,000 list price. The three sales in the past year ranged from $540,000 to $685,000, all below their last list price by 2% to 9%. A current listing says the building recently finished a major exterior renovation and waterproofing project and that the SIRS and milestone inspections are done. If that holds up in the association documents, it takes away a big risk that many older Destin buildings still carry. If you want in here, set up alerts so you hear the day a unit lists.

Inlet Reef at a glance

Address
506 Gulf Shore Dr, Destin, FL 32541
Area
Holiday Isle, near the East Pass, next to Jetty East
Built
1982
Building
Gated Gulf-front mid-rise with elevators
Unit mix
2BR/2BA, about 1,362 sq ft
Rentals
Short-term rentals allowed
HOA
About $3,908 per quarter in a current listing; includes insurance, internet, grounds and management
Recent work
Exterior renovation and waterproofing completed; SIRS and milestone inspections done, per a current listing

Amenities

Beach
Private beach access on Holiday Isle
Pool
Pool and hot tub
Security
Gated community
Fitness
Fitness center and sauna
Sports
Tennis, pickleball and shuffleboard
Outdoor
Grills and landscaped grounds
Storage
Separate owner storage and community room

Building details come from MLS listing data and public sources, and should be confirmed with the association's current documents before you buy.

Buying it as a rental?

Get a rental income estimate for the unit you're looking at, based on comparable Inlet Reef rentals, with HOA, insurance and management costs included.

Own at Inlet Reef?

Find out what your unit would sell for today, priced against recent sales of the same floor plan and view.

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Inlet Reef FAQ

Can you rent out an Inlet Reef condo?

Yes. Current MLS listings show short-term rentals allowed.

How much are Inlet Reef HOA fees?

A current listing shows HOA dues of $3,908 per quarter, covering insurance, internet, grounds and management.

How much do Inlet Reef condos cost?

The only listing is pending at a $629,000 list price. In the past 12 months, three 2-bedroom units sold for $540,000 to $685,000, about $470 per square foot.

Is Inlet Reef on the beach?

Yes. Inlet Reef Club sits on the Gulf on Holiday Isle, with private beach access and Gulf-view balconies.

Are pets allowed at Inlet Reef?

A current MLS listing shows pets allowed. Confirm the current pet rules with the association.

Are there special assessments or inspection issues?

A current listing says the building finished a major exterior renovation and waterproofing project and that the SIRS and milestone inspections are complete. Ask whether any part of that assessment is still unpaid on the unit you are buying, and request the reports. Jason can request these for any unit you are considering.

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