4000 Gulf Terrace DR #UNIT 122, Destin, FL 32541
4000 Gulf Terrace DR #UNIT 122, Destin, FL 32541
4000 Gulf Terrace DR #UNIT 122, Destin, FL 32541
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$250,000
Est. payment /mo
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2 Beds
1 Bath
1,050 SqFt
New

4000 Gulf Terrace DR #UNIT 122 Destin, FL 32541

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,050 sqft

Price per Sqft $238

Subdivision Gulf Terrace Condo

MLS Listing ID 1013697

Bedrooms 2

Full Baths 1

HOA Fees $628/mo

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $2,546

Tax Year 2025

Property Sub-Type Condominium

Source Emerald Coast Association of REALTORS®

Land Area 1050

Property Description

INVESTOR OPPORTUNITY IN THE HEART OF DESTIN! Unit 122 at Gulf Terrace offers an exciting opportunity for first-time investors or savvy buyers looking to create value in one of the Emerald Coast's most popular vacation destinations. Bring your vision and add your personal touch to this condo while exploring its potential to build equity and generate vacation rental income. Updated comparable units have demonstrated **proven gross rental income of approximately $67K annually**, offering an attractive benchmark for investors considering the possibilities here. 2025 Actual Gross Income $55,790 2026 Actual Gross Income YTD over $51K

Ideally located in the heart of Destin, Gulf Terrace puts you close to the area's most popular attractions, including Big Kahuna's Water & Adventure Park, the Destin Harbor, world-class fishing, beautiful Gulf beaches, shopping, dining, and entertainment. The gated community features 3 swimming pools (1 heated), tennis courts, pickleball and beautifully maintained grounds, adding to its appeal for vacation guests and owners alike.

Whether you're purchasing your first investment property, expanding your portfolio, or looking for a beach getaway with income-producing potential, this is your chance to enter the Destin market at an appealing price point and make it your own. Bring your vision and discover the possibilities at Gulf Terrace!

Location

State FL

County Okaloosa

Community Short Term Rental - Allowed, Pickle Ball, Bbq Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, Tv Cable

Area 14 - Destin

Direction From 98 turn North into the gated community of Gulf Terrace. Turn Right and follow the road around to the Right. Building 6 is located on the Left next to the community pool.

Rooms

Primary Bedroom Level Main

Master Bedroom true

Kitchen true

Interior

Interior Features Owner's Closet, Split Bedroom, Washer/Dryer Hookup

Heating Central

Cooling Ceiling Fans, Central Air

Flooring Floor Tile, Floor Vinyl

Furnishings Furnished - All

Window Features Window Treatment All

Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect

Exterior

Exterior Feature Sprinkler System, Sprinkler System

Pool Pool Type

Community Features Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable

Utilities Available Electric, Public Water, TV Cable

View Lake

Roof Type Metal

Garage No

Building

Faces From 98 turn North into the gated community of Gulf Terrace. Turn Right and follow the road around to the Right. Building 6 is located on the Left next to the community pool.

Sewer Public Sewer

New Construction No

Schools

Elementary Schools Destin

Middle Schools Destin

High Schools Destin

Others

Pets Allowed No

HOA Fee Include Accounting, Ground Keeping, Legal, Management, Sewer, TV Cable, Trash, Water

Tax ID 00-2S-22-1095-0122-0000


 Emerald Coast MLS - IDX
Listed by Rhonda C Johnson Century 21 AllPoints Realty

Nearby Locations

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Angela Huffine

Angela Huffine

Agent SL3327858

+1(850) 225-0228

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4000 Gulf Terrace DR #UNIT 122