tomo logo

$245,000

Beds
1
Baths
1.0
sq ft
780

4000 Gulf Terrace Dr Unit 131, Destin, FL 32541

4000 Gulf Terrace Dr Unit 131

Destin, FL 32541

  • <1 day on market
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 and hassle-free opportunity! Schedule your showing today!

Details

Property type

Condominium

Est. home value

$263,413

Lot size

Unknown

Price per sq ft

$315

Year built

1973

Monthly HOA fee

$600

Price History

03/12/2025
EmeraldCoast

EmeraldCoast #970919

Listed
$245,000
-3.92%
05/27/2022
EmeraldCoast

EmeraldCoast #890553

Sold
$255,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

Community features: 

Gated, Pool, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$38,119
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$187,281
Cash to seller
$38,119

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

May 2022

Original loan amount

$196,000

Est. remaining balance

$187,281

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Dillon Thomas Brennan and Cailah Blevins

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/12/2025 at 9:10 PM

Listing updated: 03/12/2025 at 12:31 PM

Listed by: The White Sands Team, Levin Rinke Realty Phone #: (850) 916-5050

MLS: EmeraldCoast #970919

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