BEDS2
BATHS1 full
SQUARE FEET1,050
MLS#1013697
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONGULF TERRACE CONDO
Property Description
INVESTOR OPPORTUNITY IN THE HEART OF DESTIN! Unit 122 at Gulf Terrace offers an exciting opportunity for first-time investors or savvy buyers looking to create value in one of the Emerald Coast's most popular vacation destinations. Bring your vision and add your personal touch to this condo while exploring its potential to build equity and generate vacation rental income. Updated comparable units have demonstrated **proven gross rental income of approximately $67K annually**, offering an attractive benchmark for investors considering the possibilities here. 2025 Actual Gross Income $55,790 2026 Actual Gross Income YTD over $51KIdeally located in the heart of Destin, Gulf Terrace puts you close to the area's most popular attractions, including Big Kahuna's Water & Adventure Park, the Destin Harbor, world-class fishing, beautiful Gulf beaches, shopping, dining, and entertainment. The gated community features 3 swimming pools (1 heated), tennis courts, pickleball and beautifully maintained grounds, adding to its appeal for vacation guests and owners alike.Whether you're purchasing your first investment property, expanding your portfolio, or looking for a beach getaway with income-producing potential, this is your chance to enter the Destin market at an appealing price point and make it your own. Bring your vision and discover the possibilities at Gulf Terrace!
Property Features
Property Type: Residential - Condominium
Cooling: Ceiling Fans, Central Air
Heating: Central
Home Style: N/A
Stories: 2.0
Taxes: $2,546
Year Built: 1973
Feature Descriptions
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
Association Fee Includes: Accounting, Ground Keeping, Land Recreation, Legal, Management, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash
Community Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
Days on Site: 1
Exterior: Concrete, Frame, Stucco
Exterior: Sprinkler System
Financing Terms: Conventional, Other
Flooring: Floor Tile, Floor Vinyl
HOA: Yes
Interior: Owners Closet, Split Bedroom, Washer/Dryer Hookup
Parcel Number: 00-2S-22-1095-0122-0000
Pool Features: Pool Type
Property Condition: Needs Work, Construction Complete
Rooms Total: 5
Sewer: Public Sewer
Special View Info: Lake
Sub Type: Condominium
Utilities: Electric, Public Water, TV Cable
Window: Window Treatment All
Room Sizes
Kitchen: 12 X 8 Level - First
Primary Bedroom: 12 X 11 Level - First
Living Room: 18 X 17 Level - First
Full Bathroom: 9 X 8 Level - First
Bedroom: 12 X 11 Level - First
Local Schools
High School: Destin
Middle School: Destin
Elementary School: Destin
Listed By / Shown By
Listed By
Agency Name: Century 21 AllPoints Realty
Shown By
Agent Name: Kimberly Hall
Agent Phone: Cell: (713) 899-5784
Agency Title: Premier Property Group
Estimate Your Payment
Estimated Payment
$ 841.47 per month $556.39 Principal & Interest $212.17 Property Tax $72.92 Homeowner's InsuranceChange Payment Information
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4000 Gulf Terrace Drive, Unit UNIT 122 | MLS# 1013697
This condo located at 4000 Gulf Terrace Drive, Unit UNIT 122, Destin, FL 32541 is currently listed for sale with an asking price of $250,000. This property was built in 1973 and has 2 bedrooms and 1 full baths with 1050 sq. ft. Gulf Terrace Drive, Unit UNIT 122 is located in the GULF TERRACE CONDO subdivision. Search GULF TERRACE CONDO real estate on www.kimberlysellsdestin30a.com today.