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4000 Gulf Terrace Drive

Destin, FL 32541

2 beds
1 bath
982 sqft
$290 per sqft
1973 build
– on site

Discover your perfect vacation retreat and/OR Investment! This fully-furnished 2-bedroom, 1-bathroom condo offers serene lake views from its private patio. This unit features a spacious living area, a well-equipped kitchen, and a dining space. Enjoy the convenience of a washer and dryer inside the unit. With an average vacation rental income of $40k/year, this investment opportunity is a gem. Located in a gated neighboring the Emerald Coast beaches, shopping, dining, and attractions like The Track and Big Kahunas. Pet-friendly with a strong Airbnb history of short rentals. Community amenities include 3 pools, tennis courts, clubhouse, BBQ grills, and picnic areas. On-site maintenance and laundry facilities, plus bike racks and parking for boats, golf carts, and RVs.

Listing courtesy of ECARMLS / The Property Group 850 Inc

Last checked: Checking… • Last updated May 2, 2024 •

MLS# 947941 —

The Building

Year Built:

1973
Architectural Style:

N/A
Direction Faces:

None
Construction Materials:

Block, Frame, Roof Flat, Roof Metal, Vinyl Siding
Foundation Details:

None
Basement:

None
Exterior Features:

Patio Covered
Patio And Porch Features:

None
Accessibility Features:

None
Security Features:

None
Levels:

None
Building Area Total:

982.0
Building Area Source:

County PA Records

Interior

Rooms Total:

4
Interior Features:

Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - All
Flooring:

None
Fireplace:

No
Fireplaces Total:

None
Fireplace Features:

None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Location

Directions:

Across the street from Sundestin Beach Resort on north side of Highway 98. Once in the complex, stay to your right and straight ahead to Building 13. Unit is on the first floor.

The Property

Parcel Number:

00-2S-22-1095-0000-0150
Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Construction Complete
Property Attached:

None
Lot Size Units:

Acres
Possible Use:

None
Topography:

None
View:

Lake
Waterfront:

true
Waterfront Features:

Unit Waterfront, Lake
Water Body Name:

None

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

2163.81
Tax Legal Description:

GULF TERRACE TWO UNIT 150

Beds

Bedrooms Total:

2

Baths

Total Baths:

1.0
Total Baths:

1
Full Baths:

1
Partial Baths:

None
Bathrooms Three Quarter:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Home Warranty:

No
Buyer Agency Compensation:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electric, Public Sewer, Public Water, TV Cable
Electric:

None
Sewer:

None

Appliances

Appliances:

Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer

Schools

Elementary School:

Destin
Middle Or Junior School:

Destin
High School:

Destin
Elementary School District:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

GULF TERRACE CONDO
Senior Community:

No
Community Features:

BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
Pool Private:

None
Pool Features:

Pool Type
Spa Features:

None
Pets Allowed:

None
Association:

true
Association Amenities:

None
Association Fee:

None
Association Fee Includes:

Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Security, Sewer, Water, Cable TV, Trash
Association Fee Frequency:

Monthly
Association Fee 2:

598.0

Parking

Carport:

false

Monthly cost estimate

Asking price

$285,000

Expense	Monthly cost
Mortgage	$1,526
Taxes	$180
Insurance	$78
Utilities	$133 See report
Total	$1,917/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
4/21/24 Apr 21, 2024	Listed / Active	ECARMLS	$285,000

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This condo located in Downtown Destin, Destin, FL 32541 is currently for sale for $285,000. 4000 Gulf Terrace Drive is a 982 square foot condo with 2 beds and 1 bath that has been on Estately for 26 days. 4000 Gulf Terrace Drive is in the Downtown Destin neighborhood of Destin and has a WalkScore® of 48, making it car-dependent. This condo is in the attendance area of Destin Elementary School, Destin Middle School, and Fort Walton Beach High School.

Listing Courtesy of: ECARMLS and The Property Group 850 Inc.

The information provided is exclusively 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.