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$229,500   Price Analysis
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4000 Gulf Terrace Dr Unit 287
Destin, FL 32541
1 bed 1 bath 738 SqFt ($310/SqFt)
Built 1973
Listed 2024-04-06, HOA $498, Taxes $1,351
Ⓧ USDA Ineligible
due to location

near Destin

Great opportunity to own a 1 bedroom 1 bathroom condo with private laundry!

This condo is an investment property on short term rental program with possibilities to keep as vacation rental or turn long term rental, own as a personal vacation getaway or make into a primary residence in the heart of Destin. This unit is an incredible opportunity for an investor to renovate or keep rentals.

Great locaton in Destin near all the emerald coast attractions, restaurants, shopping, Destin harbor, crab island and the emerald gulf white sand beaches. Gulf Terrace community has 3 pools all recently resurfaced, tennis courts, walking bridge over the central pond and green space. The community is conveniently located with two gated entrances with access from Hwy 98 and Airport Road. HOA dues include all utilities except the electric for the unit!


Presented by Alyssa F Summer at
The Premier Property Group Watercolor Office.


Property MLS #946668 from NWFlorida

Bedrooms: 1
Bedroom 1 Dimensions: 12 x 12
Bedroom 1 Level: 2
Primary Bedroom Features: MBath Tile

Total Bathrooms: 1
Full Bathrooms: 1

Breakfast Bar
Floor Tile
Furnished - All
Washer/Dryer Hookup

Dishwasher
Dryer
Refrigerator
Stove/Oven Electric
Washer

Bedroom, Kitchen, Master Bathroom
Master Bathroom: 9 x 8
Master Bathroom Level: 2

Kitchen Dimensions: 9 x 8
Kitchen Level: Second

Balcony

Pool Features: Community

Association: Yes
Association Fee: 498
Association Fee Frequency: Monthly
Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Recreational Faclty, Security, Sewer, Trash, TV Cable, Water
Calculated Total Monthly Association Fees: 498

Elementary School: Destin
High School: Destin
Middle School: Destin

Destin Elementary School is a public elementary school located approximately 1.7 miles away.
directions icon Map directions

Destin Middle School is a public elementary and middle school located approximately 2.6 miles away.
directions icon Map directions

Fort Walton Beach High School is a public high school located approximately 10.5 miles away.
directions icon Map directions

Destin Christian Academy is a private elementary school located approximately 1.5 miles away.
directions icon Map directions

Facilities: BBQ Pit/Grill, Community Room, Gated Community, Laundry, Pavillion/Gazebo, Pool, Short Term Rental - Allowed, Tennis

Source Listing Status: Active
County: Okaloosa
Directions: Traveling West on Hwy 98 from Midbay Bridge, turn Right at Terrace Gulf just after Airport Rd at Waffle House and previous Chick-fil-A location. Enter through gate follow community to the left and last building on the Right.
Source Property Type: Residential
Area: 14 - Destin
Property Subtype: condo
Source Neighborhood: GULF TERRACE CONDO
Parcel Number: 00-2S-22-1095-0000-0287
Subdivision: GULF TERRACE CONDO
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$96,800
$1,351
2021$unknown + $unknown
$88,000
$1,125
2020$80,000 + $unknown
$80,000
$1,000
2019$80,000 + $unknown
$80,000
$1,014
2018$64,000 + $unknown
$64,000
$821
2017$59,000 + $unknown
$59,000
$771
2016$55,000 + $unknown
$55,000
$701
2015$48,000 + $unknown
$48,000
$635
2014$unknown + $unknown
$44,000
$590
2013$unknown + $unknown
$41,000
$554
2012$unknown + $unknown
$39,500
$523
2011$unknown + $unknown
$41,000
$555
2010$unknown + $unknown
$47,000
$626
2009$unknown + $unknown
$52,500
$705
2008$unknown + $unknown
$71,000
$946
2007$unknown + $unknown
$111,000
$1,474

Listed 2024-04-06
$229,500
NWFlorida
Sold 2023-06-30
$230,000
NWFlorida
Listed 2023-05-05
$235,000
NWFlorida
Listing removed 2019-03-25
$99,000
NWFlorida
Sold 2018-07-30
$99,000
NavarreBeach
Listed 2018-07-06
$105,000
NavarreBeach
Listed 2018-07-06
$105,000
NWFlorida
Sold 2016-06-10
$74,000
NavarreBeach
Listed 2016-03-15
$76,500
NavarreBeach
Listing removed 2015-05-07
$975
NWFlorida
Listed for rent 2015-05-01
$975
NWFlorida
Listing removed 2014-11-19
$875
NWFlorida
Price Changed for rent 2014-11-14
$900
NWFlorida
Price Changed for rent 2014-11-07
$925
NWFlorida
Listed for rent 2014-10-10
$950
NWFlorida
Listing removed 2009-04-17
$68,900
NWFlorida
Listing removed 2009-02-21
$68,900
NWFlorida
Listed 2008-12-10
$68,900
NWFlorida
Sold 2005-08-15
$178,000
Public Record
Sold 2004-04-19
$90,000
Public Record
Sold 1994-12-01
$35,000
Public Record
Sold 1994-04-07
$36,500
Public Record

Total Square Feet Living: 738
Year Built: 1973
Building Exterior Type: Concrete, Roof Metal, Siding Vinyl
Property Age: 51
Building Total Stories: 2
Year Built Details: Construction Complete

Electric

Energy: AC - Central Elect
Click Thumbnail Images To View Full Size
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kitchenkitchenkitchenbathroombedroom
laundry_roomunknownunknownhouse_viewpool
poolunknownwater_frontpoolpool
farm_landroad_viewpool

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.