tomo logo

$294,900

Beds
2
Baths
1.0
sq ft
982

4000 Gulf Terrace Dr Unit 2008, Destin, FL 32541

4000 Gulf Terrace Dr Unit 2008

Destin, FL 32541

  • 83 days on market
    • Price drop $4,100↓
Updated & Charming Gulf Terrace Condo -The Ultimate Beach Getaway! Welcome to your perfect beach retreat! This charming and pet-friendly condo, nestled within the gated Gulf Terrace community, comfortably accommodates up to six guests and offers an unbeatable blend of comfort, convenience, and coastal charm. Gulf Terrace has recently introduced exciting updates, including a refreshed clubhouse, a game room, and eye-catching entrance signage. Residents enjoy a wealth of amenities, such as three sparkling pools (one heated seasonally), tennis courts, BBQ grills, boat/trailer parking, and the tranquil Turtle Lake.Step inside to find a bright and inviting living space featuring a spacious sectional--ideal for unwinding after a day of exploring Destin. The dining area seats four, perfect for meals or game nights, while stylish and low-maintenance LVP flooring enhances the modern appeal throughout. The thoughtfully designed floor plan includes two well-appointed bedrooms and a full bathroom with dual entrances for added convenience. The fully equipped kitchen boasts stainless steel appliances, ample cabinetry, and a breakfast barwhether you're preparing quick snacks or gourmet dinners, this space makes it effortless. Step out onto the private balcony to enjoy your morning coffee or relax in the evening while overlooking lush green space and the nearby pool. Perfectly situated within a gated community near Big Kahuna's Water Park, premier shopping, dining, and just a short drive from the pristine beaches of Destin, this condo's location is second to none. Whether you're seeking a vacation rental, a long-term investment, or a primary residence, this property offers outstanding potential. Plus, its proximity to HarborWalk Village, amusement parks, and world-class fishing ensures endless entertainment. Don't miss this opportunity to own your own slice of paradise in Destinschedule your private tour today!

Details

Property type

Condominium

Est. home value

$292,860

Lot size

Unknown

Price per sq ft

$301

Year built

1973

Monthly HOA fee

$627.94

Price History

03/21/2025
EmeraldCoast

EmeraldCoast #966119

Price change
$294,900
-1.37%
01/10/2025
EmeraldCoast

EmeraldCoast #966119

Listed
$299,000
+1.01%
04/05/2024
CentralPanhandle

CentralPanhandle #752327

Sold
$296,000
+0.34%

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

$44,746
Asking price
$294,900
Closing costs (~8% of asking)
-$23,592
Est. remaining loan balance
-$226,562
Cash to seller
$44,746

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2022

Original loan amount

$242,100

Est. remaining balance

$226,562

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Lakhan Khushalani and Sweta Shah

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?

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Status: Active

Tomo last checked: 04/03/2025 at 2:45 PM

Listing updated: 03/21/2025 at 8:56 PM

Listed by: Paige L Peterson, Paige Peterson, Paige L Peterson, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #966119

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