Teel & Waters Real Estate Company Inc
    850-582-3822
    499 N Ferdon Blvd Crestview, FL 32536

    Go Back

    4000 Gulf Terrace Drive #UNIT 131 Destin, FL 32541

    Main photo of property

    GULF TERRACE CONDO
    MLS Number: 970919

    MLS #970919 Photo Number 1
    MLS #970919 Photo Number 2
    MLS #970919 Photo Number 3
    MLS #970919 Photo Number 4
    MLS #970919 Photo Number 5
    MLS #970919 Photo Number 6
    MLS #970919 Photo Number 7
    MLS #970919 Photo Number 8
    • How Many Views 6 Views
    • Property Type Condominium
    • Square Foot of House 780 Sq Ft
    • Number of Beds 1 Beds
    • Number of Baths 1 / 0 Baths
    • Share
    • $239,000


    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!

    Listing provided courtesy of Levin Rinke Realty

    Inquire About This Property

    • Architecture

      • Year Built: 1973
      • Stories: 0
      • Project Facilities: BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
      • Construction: Construction Complete
    • Interior Features

      • Square Footage: 780
      • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
      • Interior Features: Breakfast Bar, Ceiling Crwn Molding, Floor Tile, Furnished - All, Window Treatment All
    • Property Features

      • Waterfront: Lake
      • Waterview: Lake
      • Parking:
      • Utilities: Public Sewer,Public Water,TV Cable
      • Zoning:
    • Community

      • HOA Includes:Accounting,Ground Keeping,Insurance,Internet Service,Master Association,Recreational Faclty,Sewer,Trash,TV Cable,Water
      • HOA FEE:600.00
      • HOA Payable:Monthly
      • Elementary: Destin
      • Middle: Destin
      • High: Destin

Current Data as of Fri Apr 25 2:15:53 CDT 2025
Information Deemed Reliable but not guaranteed. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2022, All rights reserved. Vendor Number : 28183