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$275,000   Price Analysis
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4000 Gulf Terrace Dr Unit 150
Destin, FL 32541
2 bed 1 bath 982 SqFt ($280/SqFt)
Built 1973
Listed 2024-04-22, HOA $598, Taxes $1,714
Ⓧ USDA Ineligible
due to location

near Destin

Discover your perfect vacation retreat and/OR Investment!

This fully-furnished 2-bedroom, 1-bathroom condo offers serene lake views from its private patio. This unit features a roomy living area, a well-equipped kitchen and a dining space. Enjoy the convenience of a washer and dryer inside the unit. With an average vacation rental income of $40k/year, this investment opportunity is a gem.

Located in a gated neighboring the Emerald Coast beaches, shopping, dining and attractions like The Track and Big Kahunas. Pet-friendly with a strong Airbnb history of short rentals. Community amenities include 3 pools, tennis courts, clubhouse, BBQ grills and picnic areas. On-site maintnance and laundry facilities, plus bike racks and parking for boats, golf carts and RVs.


Presented by Candace Floyd at
The Property Group 850, Inc.
Listing Agent Photo

Property MLS #947941 from NWFlorida

Bedrooms: 2
Bedroom 1 Dimensions: 11 x 12
Bedroom 2 Dimensions: 11 x 12
Bedroom 1 Level: 1
Bedroom 2 Level: 1

Total Bathrooms: 1 / 0
Full Bathrooms: 1

Breakfast Bar
Floor Tile
Floor WW Carpet
Furnished - All

Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Stove/Oven Electric
Washer

Bedroom, Kitchen, Living Room
Living Room Dimensions: 14 x 12
Living Room Level: First

Kitchen Dimensions: 9 x 8
Kitchen Level: First

Patio Covered

Pool Features: Community

Lake
Unit Waterfront

View: Lake
Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect

Association: Yes
Association Fee: 598
Association Fee Frequency: Monthly
Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Security, Sewer, Trash, TV Cable, Water
Calculated Total Monthly Association Fees: 598

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

Destin Elementary School is a public elementary school located approximately 1.7 miles away.
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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, Dumpster, Fishing, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront

Annual Tax Amount: 2163.81
Source Listing Status: Active
County: Okaloosa
Directions: Across the street from Sundestin Beach Resort on north side of Highway 98. Once in the complex, stay to your right and straight ahead to Building 13. Unit is on the first floor.
Tax Year: 2023
Source Property Type: Residential
Area: 14 - Destin
Property Subtype: condo
Source Neighborhood: GULF TERRACE CONDO
Parcel Number: 00-2S-22-1095-0000-0150
Subdivision: GULF TERRACE CONDO
Property Subtype: Condominium
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$127,050
$1,714
2021$115,500 + $unknown
$115,500
$1,434
2020$90,000 + $unknown
$90,000
$1,126
2019$unknown + $unknown
$84,700
$1,076
2018$77,000 + $unknown
$77,000
$988
2017$73,000 + $unknown
$73,000
$954
2016$73,000 + $unknown
$73,000
$945
2015$66,000 + $unknown
$66,000
$874
2014$unknown + $unknown
$62,000
$831
2013$unknown + $unknown
$58,000
$784
2012$unknown + $unknown
$56,000
$742
2011$unknown + $unknown
$58,000
$786
2010$unknown + $unknown
$67,000
$892
2009$unknown + $unknown
$74,000
$993
2008$unknown + $unknown
$94,000
$1,252
2007$unknown + $unknown
$147,000
$1,952

Price Changed 2024-05-22
$275,000
NWFlorida
Listed 2024-04-22
$285,000
NWFlorida
Listing removed 2024-04-14
$0
NWFlorida
Price Changed 2024-04-02
$284,900
NWFlorida
Listed 2023-11-16
$289,900
NWFlorida
Sold 2020-06-19
$128,000
NWFlorida
Listing removed 2015-01-31
$1,100
NWFlorida
Listing removed 2014-12-06
$1,050
NWFlorida
Listed for rent 2014-10-21
$1,100
NWFlorida
Sold 1991-10-01
$43,000
Public Record
Sold 1982-07-01
$47,500
Public Record

Total Square Feet Living: 982
Year Built: 1973
Building Exterior Type: Block, Frame, Roof Flat, Roof Metal, Siding Vinyl
Property Age: 51
Year Built Details: Construction Complete

Electric
Public Sewer
Public Water
TV Cable
Click Thumbnail Images To View Full Size
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living_roomdining_roomliving_roomkitchenkitchen
kitchenbedroombedroombathroombathroom
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unknownfarm_landwater_frontwater_fronthouse_view
house_view

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.