tomo logo

$299,000

Beds
1
Baths
2.0
sq ft
738

4000 Gulf Terrace Dr Unit 228, Destin, FL 32541

4000 Gulf Terrace Dr Unit 228

Destin, FL 32541

  • 4 days on market
Vacation Rental for Sale! Destin Condo Turn-Key 1 BR 2 BA + Loft + Balcony. Introducing a slice of paradise in the form of this meticulously renovated condo in the prestigious Gulf Terrace Complex--your ultimate sanctuary for relaxation or rental investment. This impressive property features a master bedroom complete with a private bath offering a luxurious tub/shower combo, along with a Bunk Room that boasts its own full-sized bath with a modern shower. Perfectly adaptable, the unit can be rented as 2 bedrooms, providing exceptional flexibility for owners and guests alike. Gated Community in Central Location positioned just 0.8 miles from beach access and to a variety of restaurants, shopping, and entertainment options. Tourists Love this location! Every element of this home exudes contemporary coastal flair, with high quality tile floors, sleek modern bathrooms, stylish furniture, and stainless steel appliances, including a newly installed dishwasher. Resort-like Amenities: Relax in any of the 3 sparkling swimming pools, enjoy the tranquil lake, or get active on the tennis/pickleball courts. The homeowners club house is perfect for social gatherings and events. Pet Friendly: Fur babies are welcome! Versatile Use: Ideal as a primary residence, second home, or vacation rental. Keep in mind that current owner usage during major holidays is not included in rental earnings, providing potential increased revenue for buyers. All measurements and details are approximate and should be verified by the buyer. For rental income contact listing agent.

Details

Property type

Condominium

Est. home value

$302,888

Lot size

Unknown

Price per sq ft

$406

Year built

1973

Monthly HOA fee

$600

Price History

03/26/2025
EmeraldCoast

EmeraldCoast #972238

Listed
$299,000
-3.24%
08/26/2024
EmeraldCoast

EmeraldCoast #940867

Removed
$309,000
05/01/2024
EmeraldCoast

EmeraldCoast #940867

Price change
$309,000
-0.32%

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

$73,927
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$201,153
Cash to seller
$73,927

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

Seller’s Loan History

Lender

Bank Of England

Loan start date

October 2021

Original loan amount

$217,550

Est. remaining balance

$201,153

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Kathryn A Mcfarian and Michelle Freeman

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: 03/30/2025 at 8:20 PM

Listing updated: 03/27/2025 at 12:31 AM

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

MLS: EmeraldCoast #972238

EmeraldCoast logo

Recently listed in Destin

$1,050,000|4 bd|3.5 ba|House
$1,495,000|4 bd|3.5 ba|House
$699,000|4 bd|2.0 ba|House
$789,000|4 bd|3.5 ba|House
$685,000|3 bd|2.5 ba|House