Property Details

Listing # 968843 Details

$240,000
4000 Gulf Terrace Drive
Destin, FL 32541

Property Inquiry

Contact Alina Jackson about this property!

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982 Sq Ft.
Built 1973
2 Bed
1 Bath

Property Details

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.

UNIT # 112
COUNTY Okaloosa
SUBDIVISION GULF TERRACE CONDO
PARCEL ID 00-2S-22-1095-0112-0000
TYPE Condominium
STYLE N/A
ACREAGE 0
LOT ACCESS N/A
LOT SIZE N/A
HOA INCLUDE Ground Keeping,Insurance,Internet Service,Management,Other Utilities,Sewer,Trash,Water
HOA FEE 625.00 (Monthly)
UTILITIES Electric,Public Sewer,Public Water,TV Cable
PROJECT FACILITIES BBQ Pit/Grill,Community Room,Dumpster,Gated Community,Laundry,Pavillion/Gazebo,Pets Allowed,Pool,Short Term Rental - Allowed,Tennis,TV Cable,Waterfront
ZONING N/A
PARKING FEATURES N/A
APPLIANCES Dishwasher,Microwave,Refrigerator,Stove/Oven Electric
ENERGY AC - Central Elect,Ceiling Fans,Heat Cntrl Electric,Water Heater - Elect
INTERIOR Breakfast Bar,Floor Tile,Floor WW Carpet,Pantry
EXTERIOR BBQ Pit/Grill,Patio Covered,Pool - In-Ground,Sprinkler System,Tennis Court
ROOM DIMENSIONS Living Room : 18 x 14
Bedroom : 11 x 12
Bedroom : 11 x 12
Kitchen : 8 x 8

Schools

Elementry, Destin
Middle, Destin
High, Destin

Location & Map

Driving on HWY 98 heading west, turn right, gate access next to Waffle House. CODE required. Pass the gate, take right, building 3 will be on your left, straight across from the tennis courts.