Active
4000 Gulf Terrace Drive, 112
Destin FL, 32541
$245,000
$249.49 per sqft
Active
2 Beds
1 Bath
982 sqft
Condos
Built in 1973
Prime Investment Opportunity: Destin 2BR 1BA Condominium. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. Though it requires upgrades, this unit promises great returns in the sought-after Destin market. It is part of the most affordable complex to own in Destin. All offers are welcome! No Flood Zone!
Community Features: gated entrances from HWY 98 and Airport Rd,
Access to 3 swimming pools, including one heated, Tennis/pickleball court and a clubhouse for owners.
HOA Coverage: The monthly fee covers building insurance and exterior maintenance, water, internet, sewer, trash, landscaping, and maintenance of pools and gates, ensuring low maintenance for the homeowner. See More Section Seller's Motivations and Additional Property Features:
The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity. Never having occupied the property, the seller has consistently rented it long-term, evidencing its strong rental potential.
The complex offers convenient boat parking exclusively for owners at a minimal monthly fee, catering to those who love boating adventures. Additionally, the on-site laundry facility is undergoing a remodel to enhance its modern look and efficiency.
Located just 0.7 miles from public beach access, this property positions residents right across the street from the Gulf of America. This condominium is in close proximity to popular attractions such as the Morgan Sportsplex, The Track, Big Kahuna Waterpark, and the Sun Destin Hotel featuring the PhatFish Restaurant. These nearby destinations add significant appeal for both residents and potential renters. Within the complex, you'll find Quail Lake, a recently stocked catch-and-release natural aquifer, perfect for leisurely fishing and relaxation.
968843
MLSⓇ ID
February 18, 2025
Listed
February 19, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Breakfast Bar, Floor Allowance, Floor Tile, Floor WW Carpet, Needs Work
Appliances
Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
BBQ Pit/Grill, Patio Covered, Pool - In-Ground, Sprinkler System, Tennis Court
Architectural Style
N/A
School Information
High School
Destin
Elementary School
Destin
Other Property Details
Area Name
14 - Destin
Association Fee
$625
Association Fee Frequency
Monthly
Garage
No
View
No
County
Okaloosa
Pool
Yes
Pool Features
Pool Type
Utilities
Electric, Public Sewer, Public Water, TV Cable
Courtesy of Waves of the Emerald Coast Realty LLC, Alina Jackson,
Listing Contact: 850-533-7885
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Data last updated 11:08 PM UTC, 2/19/2025