4000 Gulf Terrace Drive 112, Destin, FL

$240,000

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2

Beds

1

Bath

982

Square feet

About 4000 Gulf Terrace Drive 112

Prime Investment Opportunity: Destin 2BR 1BA Condominium. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. Though it requires upgrades, this unit promises great returns in the sought-after Destin market. It is part of the most affordable complex to own in Destin. All offers are welcome! No Flood Zone!Community Features: gated entrances from HWY 98 and Airport Rd,Access to 3 swimming pools, including one heated, Tennis/pickleball court, EV and a clubhouse for owners. HOA Coverage: The monthly fee covers building insurance and exterior maintenance, water, internet, sewer, trash, landscaping, and maintenance of pools and gates, ensuring low maintenance for the homeowner. See More SectionSeller's Motivations and Additional Property Features: The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity. Never having occupied the property, the seller has consistently rented it long-term, evidencing its strong rental potential. The complex offers convenient boat parking exclusively for owners at a minimal monthly fee, catering to those who love boating adventures. Additionally, the on-site laundry facility is undergoing a remodel to enhance its modern look and efficiency. Located just 0.7 miles from public beach access, this property positions residents right across the street from the Gulf of America. This condominium is in close proximity to popular attractions such as the Morgan Sportsplex, The Track, Big Kahuna Waterpark, and the Sun Destin Hotel featuring the PhatFish Restaurant. These nearby destinations add significant appeal for both residents and potential renters. Within the complex, you'll find Quail Lake, a recently stocked catch-and-release natural aquifer, perfect for leisurely fishing and relaxation.

Features of 4000 Gulf Terrace Drive 112

2 Beds
1.00 Baths
982 Sqft
MLS® # 968843
Price $240,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 982
Year Built 1973
Type Residential
Sub-Type Condominium
Style N/A
Status Pending

Community Information

Address 4000 Gulf Terrace Drive 112
Area Destin
Subdivision GULF TERRACE CONDO
City Destin
County Okaloosa
State FL
Zip Code 32541

Amenities

Amenities BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Pool, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront
Utilities Electric, Public Sewer, Public Water, TV Cable
Is Waterfront No
Has Pool Yes
Pool Pool - In-Ground, Community

Interior

Interior Features Breakfast Bar, Floor Tile, Floor WW Carpet, Pantry
Appliances Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
Heating Heat Cntrl Electric
Cooling AC - Central Elect, Ceiling Fans
Has Basement No
Fireplace No

Exterior

Exterior Block, Frame, Roof Flat, Roof Metal, Siding Vinyl
Exterior Features BBQ Pit/Grill, Patio Covered, Pool - In-Ground, Sprinkler System, Tennis Court
Roof Block, Roof Flat, Roof Metal
Construction Frame
Foundation Siding Vinyl

School Information

Elementary Destin
Middle Destin
High Destin

Additional Information

Days on Website 238
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 722.13
HOA Fees Freq. Monthly

Listing Map

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