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4000 Gulf Terrace Drive #UNIT 131, Destin, FL 32541

Destin
Local realty services provided by:CENTURY 21 Wimco Realty, Inc.
4000 Gulf Terrace Drive #UNIT 131,Destin, FL 32541
$245,000
  • 1 Beds
  • 1 Baths
  • 738 sq. ft.
  • Condominium
  • Active
Listed by: the white sands team
Office: levin rinke realty
MLS#:989655
Source:FL_ECAR

Price summary

  • Price:$245,000
  • Price per sq. ft.:$331.98

About this home

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, a vacation 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...

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Home facts

  • Year built:1973
  • Listing ID #:989655
  • Added:178 day(s) ago
  • Updated:May 12, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:5
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
  • Living area:738 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1973
  • Building area:738 sq. ft.

Schools

  • High school:Destin
  • Middle school:Destin
  • Elementary school:Destin

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$245,000
  • Price per sq. ft.:$331.98
  • Tax amount:$2,369 (2024)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Breakfast Bar
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