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  • Price$265,000
  • Beds1
  • Baths1
  • SQ. Feet750
  • Built1973

4000 Gulf Terrace Drive Unit 201, Destin

Great investment opportunity! 1 bed/1 bath condo with balcony, and beautiful private lake view; located in the heart of Destin! Unit has been a vacation rental machine for years, and will be a great investment property for new ownership. $25k to $32k in rental projections for 2022. Unit comes fully furnished. Washer & dryer in the unit, located on the second floor. GE appliances. Tile flooring throughout. Complex is gated, well maintained, and allows pets. Amenities include: 3 pools, 2 tennis courts, on site laundry facilities, BBQ areas, golf cart/boat storage, and a lake for fishing. Quick access to beaches, restaurants, entertainment, & shopping. This unit is turnkey ready, and won't last long. Buyer to verify all dimensions.Building #1 is unique since there are no buildings to the north of it in the community creating that ideal privacy for owners, guests, and tenants. The unit's balcony flooring has a beautiful mosaic tile design, and that serene lake view provides for a complete relaxing experience. Items that do not convey with the sale of the unit include: artwork above the toilet, artwork adjacent to the bathroom sink, artwork above the couch in the living room, and artwork above the bed's headboard in the bedroom. These items will be removed by the seller prior to closing.

Essential Information

  • MLS® #897691
  • Price$265,000
  • Sold Price$245,000
  • Bedrooms1
  • Bathrooms1.00
  • Full Baths1
  • Square Footage750
  • Acres0.00
  • Year Built1973
  • TypeResidential
  • Sub-TypeCondominium
  • StyleN/A
  • StatusSold


  • AmenitiesBBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Picnic Area, Pool, TV Cable, Tennis
  • UtilitiesCommunity Sewer, Electric, Public Sewer, Public Water, TV Cable
  • Is WaterfrontYes
  • WaterfrontLake
  • Has PoolYes
  • PoolCommunity, Private


  • ExteriorBlock, Roof Metal, Siding Vinyl, Slab
  • Exterior FeaturesBalcony, Patio Covered
  • RoofBlock, Roof Metal
  • FoundationSiding Vinyl, Slab

Additional Information

  • Days on Website154
  • Date Sold2022-09-16
  • HOA Fees474.65
  • HOA Fees Freq.Monthly

Community Information

  • Address4000 Gulf Terrace Drive Unit 201
  • Area14 - Destin
  • CityDestin
  • CountyOkaloosa
  • StateFL
  • Zip Code32541


  • Interior FeaturesBreakfast Bar, Floor Tile, Furnished - All, Owner's Closet
  • AppliancesCooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
  • CoolingAC - Central Elect

School Information

  • ElementaryDestin
  • MiddleDestin
  • HighDestin

Listing Details

  • Listing OfficeCorcoran Reverie SRB
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