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$299,000

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

  • 2 days on market
This charming and pet-friendly condo is the ultimate beach getaway, perfect for up to six guests. Nestled in a gated community, it offers a host of amenities, including three pools (one heated seasonally), tennis courts, BBQ grills, a serene ''Turtle Lake'' and more. Inside, the living area welcomes you with a spacious sectional couch, perfect for relaxing after a day exploring Destin's attractions. The dining table comfortably seats four, ideal for meals or game nights, while the low-maintenance LVP flooring adds a modern touch throughout. The condo features two tastefully appointed bedrooms and a thoughtfully designed full bathroom with two convenient entrances. The fully equipped kitchen, complete with stainless steel appliances and a breakfast bar, makes meal preparation a breeze, whether you're whipping up quick snacks or gourmet dinners. Enjoy your morning coffee or unwind in the evening on the private balcony, overlooking open green space and the nearby pool. Situated near Big Kahuna's Water Park, shopping, dining and just a short drive from the beach, this condo's location is truly unbeatable. The gated community also includes a clubhouse, boat/trailer parking and ample recreational spaces. Whether you're looking for a vacation rental, a long-term investment property, or a permanent home, this condo delivers. Its proximity to HarborWalk Village, amusement parks, fishing and other local attractions offers an unparalleled combination of comfort, convenience and income potential. Don't miss your chance to own this versatile slice of paradise in Destin. Call today for more details!

Details

Property type

Condominium

Est. home value

$292,860

Lot size

Unknown

Price per sq ft

$305

Year built

1973

Monthly HOA fee

$627.94

Price History

01/10/2025
EmeraldCoast

EmeraldCoast #966119

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

CentralPanhandle #752327

Sold
$296,000
+0.34%
02/15/2024
CentralPanhandle

CentralPanhandle #752327

Pending
$295,000

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

$47,200
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$227,880
Cash to seller
$47,200

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

$227,880

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?

Status: Active

Tomo last checked: 01/12/2025 at 5:00 PM

Listing updated: 01/10/2025 at 6:34 PM

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

MLS: EmeraldCoast #966119

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