4000 Gulf Terrace Dr Unit 131, DESTIN

$239,000

1 Beds
1 Baths
780 Sqft
0 Acres
0 Garages

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, avacation 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!

Essential Information
MLS® #970919
Price$239,000
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage780
Acres0.00
Year Built1973
TypeResidential
Sub-TypeCondominiums
StyleN/A
StatusActive
Community Information
Address4000 Gulf Terrace Dr Unit 131
AreaDestin
SubdivisionGULF TERRACE CONDO
CityDESTIN
CountyOKALOOSA
StateFL
Zip Code32541
Amenities
Is WaterfrontYes
WaterfrontLake
Has PoolYes
PoolCommunity
Amenities

BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable Available

Utilities

Public Sewer Available, Public Water Available, TV Cable Available

Interior
HeatingHeat: Central Electric
CoolingA/C: Central Electric
Interior Features

Breakfast Bar, Ceiling Crwn Molding, Floor Tile, Furnished - All, Window Treatment All

Appliances

Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer

Exterior
ExteriorRoof Metal, Siding Vinyl
Exterior FeaturesPatio Covered
RoofRoof Metal
FoundationSiding Vinyl
School Information
ElementaryDESTIN
MiddleDESTIN
HighDestin
Additional Information
Days on Website69
HOA Fees600.00
HOA Fees Freq.Monthly
Listing Details
OfficeLevin Rinke Realty
Property History
Price Reduced from $245,000 to $239,000
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Listing information last updated on May 20th, 2025 at 4:00am CDT.