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$229,000

Beds
1
Baths
1.0
sq ft
738

4000 Gulf Terrace Dr Unit 137, Destin, FL 32541

4000 Gulf Terrace Dr Unit 137

Destin, FL 32541

  • 273 days on market
    • Price drop $1,000↓
Affordable Destin Condo with Low HOA and Central Location. One of the few properties where All Rental types are Allowed and Pets. Primary Residence or Investment Property. Lake views right from your living room! Condo is situated on the ground floor for easy access. Granite Countertops, New HVAC and Water Heater, Tile Floors throughout, New Paint, Washer/Dryer Hook Ups in the unit. Gulf Terrace Complex is a gated community, free parking, pets are allowed and resort like amenities, 3 new swimming pools, lake, tennis / pickle ball court, homeowners club house. Centrally located to all Destin's attractions, restaurants, shopping, entertainment, beach access 0.8 miles away. All measurements are approximate and to be verified by buyer. All information to be verified by buyer. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. 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 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 Section Seller's Motivations and Additional Property Features: The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity. 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.

Details

Property type

Condominium

Est. home value

$242,288

Lot size

Unknown

Price per sq ft

$311

Year built

1973

Monthly HOA fee

$600

Price History

03/20/2025
EmeraldCoast

EmeraldCoast #953955

Price change
$229,000
-0.43%
03/02/2025
EmeraldCoast

EmeraldCoast #953955

Listed
$230,000
03/02/2025
EmeraldCoast

EmeraldCoast #953955

Removed
$230,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

Community features: 

Gated, Pool, Tennis Court(s)

Seller’s Loan History

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

Lender

Darryl S Nix Etal

Loan start date

December 2018

Original loan amount

$90,525

Est. remaining balance

Not provided

Interest rate

4.26%

Loan type

Balloon, 10 year

Seller

Roy Smith and Maureen Whyte

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: 04/04/2025 at 7:40 AM

Listing updated: 03/21/2025 at 12:16 AM

Listed by: Alina Jackson, Alina Jackson, Waves of the Emerald Coast Realty LLC Phone #: (850) 533-7885

MLS: EmeraldCoast #953955

EmeraldCoast logo

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