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For sale
  • Price cut: $500 (8/1)
    $238,500

    4000 Gulf Terrace Dr UNIT 131, Destin, FL 32541

    1beds
    780sqft
    : 
    Condominium
    Built in 1973
    -- sqft lot
    $224,100 Zestimate®
    $306/sqft
    $600/mo HOA

    What's special

    Three poolsTwo tennis courtsFully furnished condoTurnkey one-bedroom condoSpring-fed lakeSpacious patio
    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!
    150 days
    on Zillow
    |
    286
    |
    18
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 01, 2025 at 06:39am

    Listed by:

    The White Sands Team 850-259-5180,

    Levin Rinke Realty

    Source: ECAOR,MLS#: 970919MLS LogoOriginating MLS: Emerald Coast
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 4000 Gulf Terrace Dr UNIT 131.

    Next available tour time:Today at 11:30am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Level: First
    Primary bathroom
    • Features: MBath Tile
    Bathroom
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Electric
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Electric Range, Washer, Electric Water Heater
    • Laundry: Common Area
    Features
    • Breakfast Bar, Crown Molding, Dining Room, Full Bathroom, Kitchen, Living Room, Master Bedroom
    • Flooring: Tile
    • Windows: Window Treatments
    • Furnished: Yes
    Interior area
    • Total structure area: 780
    • Total interior livable area: 780 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Open
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Patio & porch: Patio Covered
    • Exterior features: BBQ Pit/Grill, Dumpster, Tennis
    • Pool features: Community
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake Front
    Details
    • Additional structures: Pavillion/Gazebo
    • Parcel number: 002S22109501310000

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Vinyl Siding
    • Roof: Metal
    Condition
    • Construction Complete
    • Year built: 1973

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Features: Community Room, Gated, Picnic Area, Pool, TV Cable
    • Security: Smoke Detector(s)
    • Subdivision: Gulf Terrace Condo
    HOA
    • Has HOA: Yes
    • Services included: Accounting, Maintenance Grounds, Insurance, Internet, Master Association, Recreational Faclty, Sewer, Trash, Cable TV, Water
    • HOA fee: $600 monthly
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $306/sqft
    • Tax assessed value: $205,000
    • Annual tax amount: $2,448
    • Date on market: 3/12/2025
    • Listing terms: Conventional,FHA,VA Loan
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