Destin · Condo Building
The Aegean Condos for Sale
A 1975 condominium of 80 residences at 520 Gulf Shore Drive on Holiday Isle, on a 6.03 acre parcel whose boundary is the Gulf shoreline and which FEMA maps entirely inside the special flood hazard area, with Old Pass Lagoon under 250 feet behind it.
1975
Year Built
80
Total Units
Yes
Gulf Front
Year built, floor and unit figures are as published by the sources cited at the foot of this page. Confirm them against the association's own documents during diligence.
About The Aegean
Two waters define this parcel and the county's own layers name both. The 6.03 acre footprint that carries all 80 residences meets the Gulf polygon along a shared edge instead of overlapping into it, which is the distinction between owning frontage and standing near it, and this parcel is one of those the state's coastal construction control line divides. Behind it, under 250 feet away, sits Old Pass Lagoon. The consequence shows in the flood mapping, and it is unlike anything else recorded in this part of Destin. Every square foot of the parcel falls inside a special flood hazard area: Zone VE at 12 and 15 feet of base flood elevation along the water, Zone AE at 7 and 8 feet behind it, and no Zone X polygon anywhere on the property. Neighboring beachfront addresses on this island routinely carry a slice of Zone X. This one carries none. The recorded vintage is 1975, not the later date the building is often given. All 80 unit parcels return that same actual year built, and the header row the county keeps under this name puts the total at 80 units in so many words. Address points place them at 520 Gulf Shore Drive in a 1xx, 2xx and 3xx numbering series. Height is the one thing the record does not settle, and saying so is more useful than guessing. The county's floor attribute assigns 20 residences to the first level, 20 to the second and 40 to the third, a distribution that grows rather than shrinks with height, and the attribute reproduces the leading digit of each unit designator exactly. The county's structure layer maps three separate building outlines on the parcel, of roughly 23,700, 21,400 and 7,800 square feet, which would explain a 1, 2, 3 series that identifies buildings rather than stories. Because Florida's milestone structural inspection, its structural integrity reserve study and its balcony certificate each key off a Florida Building Code determination of how many stories this property stands, three habitable stories or more for the first two and three stories or more for the third, this is a question to put to the association in writing rather than to infer from an address. The building's immediate neighbors on the roll are the Gulfshore and Destin on the Gulf condominiums and the Holiday Isle plat.
HOA & Fees
Put the height question in writing before anything else, because three separate Florida obligations hang on the answer and the public record does not resolve it here. The milestone structural inspection under section 553.899 is the first of them, and its schedule is doubly unsettled at this address: the clock runs from a certificate of occupancy this page could not obtain, and a local enforcement agency is free to shorten that clock by five years for a building sitting where this one sits, with the Gulf along one edge and Old Pass Lagoon under 250 feet behind. Section 718.112 requires a structural integrity reserve study every 10 years for each building on the condominium property three habitable stories or higher, and for any budget adopted from December 31, 2024 onward it forbids an owner-controlled association subject to that study from funding the listed items below the study's figure. Ask the association which determination applies to this property, then ask for the study and the inspection file that follow from it.
Rental Policy
Everything about transient use at this address bends around the unresolved height question above. Florida's balcony, platform, stairway and railing certificate under section 509.2112 falls on public lodging establishments of three stories or more and has to be refiled every three years, and whether it binds this property turns on a Building Code determination the parcel record does not supply. Beneath that sits the state's licensing scheme, which reaches condominium residences let to transient guests as a matter of course, obtained before guests arrive rather than after, the reverse of the widely traded belief that condominium ownership stands outside Chapter 509. Destin adds a municipal registration on top. Because no declaration for this condominium could be obtained, this page asserts nothing about whether short stays are permitted; ask the association for the declaration, the height determination and the current certificate together.
- Gulf shoreline forms the parcel boundary at 520 Gulf Shore Drive
- Eighty residences, all recorded at a 1975 year built
- Whole 6.03 acre parcel inside a special flood hazard area, no Zone X
- Old Pass Lagoon within 250 feet behind the property
Live Inventory
Active Listings at The Aegean

$709,000
520 Gulf Shore Drive Unit 206
Destin, FL 32541

$1,200,000
520 Gulf Shore Drive Unit 301
Destin, FL 32541

$699,000
520 Gulf Shore Drive Unit 317
Destin, FL 32541

$749,000
520 Gulf Shore Drive Unit 209
Destin, FL 32541

$779,000
520 Gulf Shore Drive Unit 104
Destin, FL 32541
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
Building Answers
The Aegean FAQ
When was The Aegean actually built?
1975. All 80 of the condominium's unit parcels carry that actual year built on the county roll, with no second phase under a different date, and the header row the county keeps for this property puts the count at 80 units. Dates a year or two later that circulate for this building are not what the parcel record says.
Does The Aegean sit on the Gulf?
Yes, and by the strict test rather than by description. Its parcel and the county's Gulf polygon meet along a common edge without overlapping, a segment of the state's coastal construction control line runs through it, and the effective FEMA mapping lays Zone VE across part of it at base flood elevations of 12 and 15 feet.
How many levels does The Aegean have?
The public record does not settle it, and this page will not guess. The county's floor attribute reads 20 residences on level one, 20 on level two and 40 on level three, a count that rises with height, and it mirrors the leading digit of each unit number. The county also maps three separate building outlines on the parcel, so the series may identify buildings. Ask the association for the Florida Building Code determination.
Sources
- Okaloosa County IGIS: Parcels layer, legal name AEGEAN (accessed August 21, 2026)
- Okaloosa County IGIS: WaterBodies rows returned against this parcel (accessed August 22, 2026)
- Okaloosa County IGIS: FEMA FIRM flood zones intersecting this parcel (accessed August 22, 2026)
- Okaloosa County IGIS: Coastal Construction Control Line segment crossing this parcel (accessed August 22, 2026)
- Okaloosa County IGIS: SiteAddress and BuildingFootprints layers (accessed August 21, 2026)
- Florida Statutes 553.899, mandatory structural inspections for condominium and cooperative buildings, 2026 compilation (accessed August 22, 2026)
- Florida Statutes 718.112, bylaws, structural integrity reserve study and reserve waivers, 2026 compilation (accessed August 22, 2026)
- Florida Statutes 509.2112, public lodging establishments three or more stories in height, 2026 compilation (accessed August 22, 2026)
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