Active

4000 Gulf Terrace Drive, UNIT 131

Destin FL, 32541

$245,000


$314.10 per sqft

Active

1 Bed

1 Bath

780 sqft

Condos

Built in 1973

Profitable Short-Term Rental - No Milestone Inspections Required! Looking for an investment property that actually makes financial sense? This turnkey one-bedroom condo in Gulf Terrace generated about $35,000 in gross rental income in 2024 and is exempt from costly Milestone inspections! Located in the heart of Destin, Gulf Terrace offers an unbeatable location with 26 acres of beautifully manicured grounds, featuring three pools, two tennis courts, and a spring-fed lake for a fantastic view. This fully furnished condo comfortably accommodates up to six guests with a king bed in the master and a queen sleeper sofa in the living room. Enjoy lake views from the spacious patio, easy access to the pool, and a bright, open living area. Whether you're looking for a high-performing rental, a vacation getaway, or a primary residence, Gulf Terrace 131 checks all the boxes. Plus, you're just minutes from Destin Commons, world-class dining, and sugar-white beaches. Don't miss this profitable and hassle-free opportunity! Schedule your showing today!

970919

MLS ID

March 12, 2025

Listed

March 12, 2025

Updated

Interior Features

Bedrooms

1


Total Bathrooms

1


Full Bathrooms

1


Interior Features

Breakfast Bar, Ceiling Crwn Molding, Floor Tile, Furnished - All, Window Treatment All


Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Exterior Features

Patio Covered


Architectural Style

N/A

School Information

High School

Destin


Elementary School

Destin

Other Property Details

Area Name

14 - Destin


Taxes

$2,449


Tax Frequency

Annually


Association Fee

$600


Association Fee Frequency

Monthly


Garage

No


View

Yes


View Description

Lake


County

Okaloosa


Pool Features

Pool Type


Waterfront

Yes


Waterfront Features

Lake


Utilities

Public Sewer, Public Water, TV Cable

Courtesy of Levin Rinke Realty, The White Sands Team,
Listing Contact: [email protected] 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Real Experts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 Emerald Coast Association of REALTORS. All rights reserved.

Data last updated 4:57 PM UTC, 3/12/2025

Powered byLuxury Presence