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Dream Destin Realty

Destin · Condo Building

Island Home Condos for Sale

Island Home is an 18-unit condominium at 485 Gulf Shore Drive in Destin, Okaloosa County, with every unit recorded at 700 square feet and 1984 construction.

Updated

Ask About Island HomeMarket AnalyticsAll Destin Buildings

1984

Year Built

18

Total Units

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.

Guest rating

4.9 out of 5

From 492 guest reviews on Airbnb and Vrbo

Across 8 rental listings with guest reviews in this building

  • Airbnb 4.9
  • Vrbo 4.7
See what guests rate

About Island Home

Island Home occupies the half-acre at 485 Gulf Shore Drive on Holiday Isle, inside the Destin city limits and Okaloosa County. The parcel file published for Destin lists eighteen condominium units whose numbers run 101 through 106, then 201 through 206, then 301 through 306, and gives each of them 1984 as its actual year built and 700 square feet of living area. It also holds one extra entry, a header with no year and no living area, so nineteen records stand for eighteen homes. All nineteen are drawn on a single outline, so its area describes the whole site rather than a lot belonging to any unit. In the city's zoning layer that outline is High Density Residential throughout.

Six address points in Destin's layer hold the eighteen units: the 101, 201 and 301 numbers share one, the 102, 202 and 302 numbers the next, and so on, with a separate building-level point beside them. The grouping is consistent with three levels, yet no story count appears in any record opened here, so none is published, and that missing number matters. Under the 2026 text of Florida's milestone inspection law, a condominium building is covered only if it stands three habitable stories or more. The law dates a building from the day it was first cleared for use, which is the building official's record and not the assessor's. A building recorded as built in 1984 would have turned thirty in 2014, long before the July 1, 2022 cutoff that put first inspections due before December 31, 2024, if the assessor's year matches that clearance. Where the statute does reach the building, the association must give owners the inspector's summary within 45 days of receiving the report, so ask for it.

Two FEMA zones cover the half-acre. Laid over the outline, the Zone AE polygon, whose base flood elevation is 8 feet, takes about three-fifths, and the remainder sits in shaded Zone X, the band FEMA draws for the 0.2 percent annual chance flood. Because the eighteen units are all drawn on that one outline, nothing in the map assigns a zone to a single residence. A building elevation certificate does, and it should be in hand before flood coverage is quoted.

HOA & Fees

What is the HOA fee at Island Home?

As of November 11, 2026, based on one listing on the MLS, the reported HOA fee at Island Home is $468 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.

Based on one active MLS listing that reports an HOA fee. See the listings

Florida's corporate registry lists an active not-for-profit named Island Home Condominium Association, Inc., filed February 15, 1984, the same year the assessor gives for construction. The registry does not say which units that corporation governs, and no declaration, budget or insurance record was opened for this page, so what its charges cover and how a deductible is divided among owners remain open. For the unit you are weighing, request the estoppel certificate, the adopted budget with its reserve schedule, the master insurance declarations showing the deductible allocation, and the past year of board minutes, paying particular attention to any special assessment or structural repair.

Rental Policy

Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.

A Destin map dated August 14, 2025 sorts zoning districts by short-term rental class. City zoning assigns all of Island Home to High Density Residential. On that map, the district falls under the entry for houses and multi-unit buildings, both permitted. That is only a city zoning label. It does not mean the Island Home declaration allows rentals. Its declaration is still unchecked. Island Home could still face minimum stays, caps or leasing approvals. Confirm with Destin's Planning Division before relying on past rental history.

What guests say about staying here

Combined Airbnb and Vrbo ratings for the vacation rentals in Island Home.

4.9 out of 5

492 reviews across 8 reviewed listings

  • Airbnb 4.9 from 480 reviews on 6 reviewed listings
  • Vrbo 4.7 from 12 reviews on 2 reviewed listings

What Airbnb guests rate

  • Cleanliness4.9
  • Accuracy4.9
  • Check-in5.0
  • Communication5.0
  • Location4.9
  • Value4.9

Guests rate communication highest.

These ratings describe the vacation rentals in this building, not any one unit for sale.

Market data by Key Data · 7 units tracked in this building · Nov 2025 to Nov 2026

Live Inventory

Active Listings at Island Home

Price ReducedShort-Term Rental Eligible

$234,000

485 Gulf Shore Drive Unit 102

Destin, FL 32541

1 bd 1 ba 700 sqft

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

Island Home FAQ

How much is the HOA fee at Island Home?

As of November 11, 2026, based on one listing on the MLS, the reported HOA fee at Island Home is $468 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.

How many units does Island Home have?

Eighteen, in three runs of six: the 100, 200 and 300 series each go from suffix 1 through 6. The Destin parcel file shows nineteen entries because one is the condominium's header, which has no year built and no living area and is not a home; the six address groups hold the same eighteen units.

What size are the condos at Island Home?

Each of the eighteen is recorded at 700 square feet of living area in the Destin parcel file, so the sizes show no spread at all. That file gives no bedroom count, so confirm a unit's layout from its own floor plan, and ask about any listing whose stated square footage differs.

Which parts of Island Home fall in FEMA's Zone AE?

Most of the site. The Zone AE polygon, with an 8 foot base flood elevation, takes about three-fifths of the half-acre, and the 0.2 percent annual chance band, drawn as shaded Zone X, takes the other two-fifths. Eighteen units share a single drawn outline, so the map cannot sort them into zones one by one. The building's elevation certificate can.

Does the missing story count leave Island Home's milestone inspection status open?

That turns on a fact the records opened here do not state: whether the building is three habitable stories or more. The 2026 statute reaches buildings of that height and counts a building's age from the date it was first cleared for use. The building official's file settles coverage, and if the building is covered, the association's summary of the report is the document to request.

Is there a condominium association at Island Home?

Florida's registry of corporations carries Island Home Condominium Association, Inc., active since its February 15, 1984 filing. It records no dues, rules or covered units, so the declaration and the current budget are what show what an owner pays for and what the association controls, including any limit on renting.

Sources

Nearby Buildings in Holiday Isle

Other Destin Condo Buildings

Destin Communities

Communities in This Market

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