BEDS1
BATHS1 full
SQUARE FEET738
MLS#989655
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONGULF TERRACE CONDO
Property Description
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!
Property Features
Property Type: Residential - Condominium
Cooling: Central Air
Heating: Central
Home Style: N/A
Taxes: $2,369
Year Built: 1973
Feature Descriptions
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Master Association, Recreational Faclty, Sewer, Water, Cable TV, Trash
Community Features: BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
Days on Site: 138
Exterior: Siding Vinyl
Financing Terms: Conventional, FHA, VA
Flooring: Floor Tile
HOA: Yes
Interior: Breakfast Bar, Ceiling Crwn Molding
Parcel Number: 00-2S-22-1095-0131-0000
Patio/Porch: Patio Covered
Pool Features: Pool Type
Property Condition: Construction Complete
Rooms Total: 5
Sewer: Public Sewer
Special View Info: Lake
Sub Type: Condominium
Utilities: Public Water, TV Cable
Waterfront: Lake
Window: Window Treatment All
Room Sizes
Living Room: 25 X 22 Level - First
Dining Room: 22 X 6 Level - First
Kitchen: 8 X 5 Level - First
Primary Bedroom: 18 X 10 Level - First
Full Bathroom: 10 X 5 Level - First
Local Schools
High School: Destin
Middle School: Destin
Elementary School: Destin
Listed By / Shown By
Listed By
Agency Name: Levin Rinke Realty
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 814.14 per month $545.26 Principal & Interest $197.42 Property Tax $71.46 Homeowner's InsuranceChange Payment Information
4000 Gulf Terrace Drive, Unit UNIT 131 | MLS# 989655
This condo located at 4000 Gulf Terrace Drive, Unit UNIT 131, Destin, FL 32541 is currently listed for sale with an asking price of $245,000. This property was built in 1973 and has 1 bedrooms and 1 full baths with 738 sq. ft. Gulf Terrace Drive, Unit UNIT 131 is located in the GULF TERRACE CONDO subdivision. Search GULF TERRACE CONDO real estate on www.realtymarkllc.com today.