Description
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!
Legal Description
GULF TERRACE UNIT 131
Features of 4000 Gulf Terrace Drive Unit 131
| MLS® # | 989655 |
|---|---|
| Price | $245,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 738 |
| Year Built | 1973 |
| Type | Condominium |
| Sub-Type | Condominium |
| Style | N/A |
| Status | Active |
Community Information
| Address | 4000 Gulf Terrace Drive Unit 131 |
|---|---|
| Area | 14 - Destin |
| Subdivision | GULF TERRACE CONDO |
| City | Destin |
| County | Okaloosa |
| State | FL |
| Zip Code | 32541 |
Amenities
| Amenities | BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Picnic Area, Pool, TV Cable, Tennis, Pets Allowed |
|---|---|
| Utilities | Public Sewer, Public Water, TV Cable |
| View | Lake |
| Is Waterfront | Yes |
| Waterfront | Lake Front |
| Water View | Lake |
Interior
| Interior Features | Breakfast Bar, Crown Molding |
|---|---|
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater |
| Heating | Central |
| Cooling | Central Air |
Exterior
| Windows | Window Treatments |
|---|---|
| Roof | Metal |
| Construction | Siding Vinyl |
School Information
| Elementary | Destin |
|---|---|
| Middle | Destin |
| High | Destin |
Additional Information
| HOA Fees | 600 |
|---|---|
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Levin Rinke Realty |
|---|
