4000 Gulf Terrace Drive 112 Destin, FL 32541
Listing Courtesy of: EMERALD COAST / Waves Of The Emerald Coast Realty LLC

  4000 Gulf Terrace Drive 112 Destin, FL 32541

Active (77 Days)
$240,000
2
BED
1
BATH
982
SQFT

Description

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, EV 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.

MLS #:
968843
Type
Condo
Year Built
1973
County
Okaloosa County

Listed By

Alina Jackson, Waves Of The Emerald Coast Realty LLC
Source
EMERALD COAST
Last checked Jun 7 2025 at 3:13 PM GMT+0000
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Breakfast Bar
  • Pantry
Kitchen
  • Dishwasher
  • Microwave
  • Refrigerator
  • Stove/Oven Electric
  • Water Heater - Elect
Subdivision
  • Gulf Terrace Condo
Heating and Cooling
  • Central
  • Ceiling Fans
  • Central Air
Homeowners Association Information
  • Dues: $625/Monthly
Utility Information
  • Utilities: Electric, Public Water, Tv Cable
School Information
  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 28, 2025
Price Changed
$240,000
-2%
-5,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 AllPoints Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 Emerald Coast Association of REALTORS Last Updated: 6/7/25 08:13
Vendor Number:29098