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For sale
  • $229,000

    4000 Gulf Terrace Dr UNIT 137, Destin, FL 32541

    1beds
    738sqft
    : 
    Condominium
    Built in 1973
    -- sqft lot
    $-- Zestimate®
    $310/sqft
    $523/mo HOA

    What's special

    Public beach accessSerene lake viewsNew paintGranite countertopsGround floor
    Affordable Destin Condo with Low HOA and Central Location. One of the few properties where All Rental types are Allowed and Pets. Primary Residence or Investment Property. Lake views right from your living room! Condo is situated on the ground floor for easy access. Granite Countertops, New HVAC and Water Heater, Tile Floors throughout, New Paint, Washer/Dryer Hook Ups in the unit. Gulf Terrace Complex is a gated community, free parking, pets are allowed and resort like amenities, 3 new swimming pools, lake, tennis / pickle ball court, homeowners club house. Centrally located to all Destin's attractions, restaurants, shopping, entertainment, beach access 0.8 miles away. All measurements are approximate and to be verified by buyer. All information to be verified by buyer. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. 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. 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.
    329 days
    on Zillow
    |
    278
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 31, 2025 at 02:28pm

    Listed by:

    Alina Jackson 850-533-7885,

    Waves of the Emerald Coast Realty LLC

    Source: ECAOR,MLS#: 953955MLS 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 137.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Features: MBed First Floor
    Bedroom
    • Level: First
    Primary bathroom
    • Features: MBath Tile
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Electric, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Self Cleaning Oven, Refrigerator, Electric Range, Electric Water Heater
    • Laundry: Washer/Dryer Hookup, Common Area
    Features
    • Breakfast Bar, Newly Painted, Owner's Closet, Pantry, Bedroom, Kitchen, Living Room
    • Flooring: Tile
    Interior area
    • Total structure area: 738
    • Total interior livable area: 738 sqft

    Property

    Features
    • Exterior features: Barbecue, Sprinkler System, 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, Waterfront
    Details
    • Additional structures: Pavillion/Gazebo
    • Parcel number: 002S22109501370000

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block, Frame, Vinyl Siding, Trim Vinyl
    • Roof: Flat,Metal,Roof Shingle/Shake
    Condition
    • Construction Complete
    • Year built: 1973

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Other, Cable Connected

    Community & HOA

    Community
    • Features: Community Room, Gated, Pickleball, Picnic Area, Pool, TV Cable
    • Subdivision: Gulf Terrace Condo
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds, Insurance, Internet, Sewer, Trash, Water
    • HOA fee: $523 monthly
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $310/sqft
    • Tax assessed value: $205,000
    • Annual tax amount: $1,812
    • Date on market: 9/14/2024
    • Listing terms: Conventional
    • Lease term: Month To Month
    • Electric utility on property: Yes
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