4000 Gulf Terrace Dr Unit 137 Destin, FL 32541
Estimated payment $1,928/month
Total Views
9,505
1
Bed
1
Bath
738
Sq Ft
$310
Price per Sq Ft
Highlights
- Lake Front
- Gated Community
- Community Pool
- Destin Elementary School Rated A-
- Newly Painted Property
- Tennis Courts
About This Home
Affordable Destin Condo with Low HOA and Central Location. One of the few properties where All Rental types are Allowed and Pets. Primary Residence or Investment Property. Lake views right from your living room! Condo is situated on the ground floor for easy access. Granite Countertops, New HVAC and Water Heater, Tile Floors throughout, New Paint, Washer/Dryer Hook Ups in the unit.
Gulf Terrace Complex is a gated community, free parking, pets are allowed and resort like amenities, 3 new swimming pools, lake, tennis / pickle ball court, homeowners club house. Centrally located to all Destin's attractions, restaurants, shopping, entertainment, beach access 0.8 miles away. All measurements are approximate and to be verified by buyer. All information to be verified by buyer. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. It is part of the most affordable complex to own in Destin. All offers are welcome! No Flood Zone! Community Features: gated entrances from HWY 98 and Airport Rd, Access to 3 swimming pools, including one heated, Tennis/pickleball court and a clubhouse for owners. HOA Coverage: The monthly fee covers building insurance and exterior maintenance, water, internet, sewer, trash, landscaping, and maintenance of pools and gates, ensuring low maintenance for the homeowner. See More Section
Seller's Motivations and Additional Property Features:
The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity.
The complex offers convenient boat parking exclusively for owners at a minimal monthly fee, catering to those who love boating adventures. Additionally, the on-site laundry facility is undergoing a remodel to enhance its modern look and efficiency.
Located just 0.7 miles from public beach access, this property positions residents right across the street from the Gulf of America. This condominium is in close proximity to popular attractions such as the Morgan Sportsplex, The Track, Big Kahuna Waterpark, and the Sun Destin Hotel featuring the PhatFish Restaurant. These nearby destinations add significant appeal for both residents and potential renters. Within the complex, you'll find Quail Lake, a recently stocked catch-and-release natural aquifer, perfect for leisurely fishing and relaxation.
Listing Agent
Waves of the Emerald Coast Realty LLC License #3475596 Listed on: 03/02/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,812
Year Built
- Built in 1973
Lot Details
- Lake Front
- Sprinkler System
HOA Fees
- $523 Monthly HOA Fees
Home Design
- Newly Painted Property
- Flat Roof Shape
- Frame Construction
- Shingle Roof
- Metal Roof
- Vinyl Siding
- Vinyl Trim
Interior Spaces
- 738 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Tile Flooring
- Lake Views
- Exterior Washer Dryer Hookup
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Electric Oven or Range
- Self-Cleaning Oven
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Built-In Barbecue
Schools
- Destin Elementary And Middle School
- Destin High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-1095-0137-0000
Community Details
Overview
- Association fees include ground keeping, insurance, internet service, sewer, water, trash
- 8 Buildings
- 8 Units
- Gulf Terrace Condo Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Community Pavilion
- Recreation Room
- Laundry Facilities
Recreation
- Tennis Courts
- Community Pool
Pet Policy
- Pets Allowed
Security
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,812 | $200,000 | -- | $200,000 |
| 2023 | $1,812 | $205,000 | $0 | $205,000 |
| 2022 | $1,352 | $130,000 | $0 | $130,000 |
| 2021 | $1,140 | $96,000 | $0 | $96,000 |
| 2020 | $1,001 | $80,000 | $0 | $80,000 |
| 2019 | $1,015 | $80,000 | $0 | $80,000 |
| 2018 | $847 | $66,000 | $0 | $0 |
| 2017 | $784 | $60,000 | $0 | $0 |
| 2016 | $728 | $57,000 | $0 | $0 |
| 2015 | $662 | $50,000 | $0 | $0 |
| 2014 | $617 | $46,000 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Price Changed | $229,000 | -0.4% | $310 / Sq Ft |
| 01/18/2025 01/18/25 | Price Changed | $230,000 | -5.3% | $312 / Sq Ft |
| 12/31/2024 12/31/24 | Price Changed | $243,000 | -0.8% | $329 / Sq Ft |
| 09/14/2024 09/14/24 | For Sale | $245,000 | 0.0% | $332 / Sq Ft |
| 09/09/2024 09/09/24 | Off Market | $245,000 | -- | -- |
| 07/05/2024 07/05/24 | For Sale | $245,000 | 0.0% | $332 / Sq Ft |
| 06/25/2019 06/25/19 | Off Market | $875 | -- | -- |
| 12/03/2018 12/03/18 | Sold | $106,500 | 0.0% | $133 / Sq Ft |
| 11/05/2018 11/05/18 | Pending | -- | -- | -- |
| 08/08/2018 08/08/18 | For Sale | $106,500 | 0.0% | $133 / Sq Ft |
| 10/30/2013 10/30/13 | Rented | $875 | 0.0% | -- |
| 10/30/2013 10/30/13 | Under Contract | -- | -- | -- |
| 10/14/2013 10/14/13 | For Rent | $875 | -- | -- |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $106,500 | Mcneese Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $90,525 | Balloon | |
| Previous Owner | $75,000 | Unknown |
Source: Public Records
Similar Homes in Destin, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 953955
APN: 00-2S-22-1095-0137-0000
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