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

UPDATED: 11/14/2025 06:50 PM ON MARKET: 2 days on market

$245,000

1 Bed1 Bath738 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 738 sqft

Price per Sqft $331

Subdivision Gulf Terrace Condo

MLS Listing ID 989655

Bedrooms 1

Full Baths 1

Construction Status Construction Complete

HOA Fees $600/mo

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $2,369

Tax Year 2024

Property Sub-Type Condominium

Property Description

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