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
MLS® # | 968843 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Middle | Destin |
High | Destin |
Additional Information
Days on Website | 238 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 722.13 |
HOA Fees Freq. | Monthly |