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

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