$250,000
SOLD DEC 22, 2021 RENTED NOV 12, 2024

4000 Gulf Terrace Dr Unit 191 Destin, FL 32541

2 Beds
1.5 Baths
1,050 Sq Ft
$570/mo HOA Fee

Recently Sold

$238 Per Sq Ft

9 Days on Market

Highlights

  • Parking available for a boat
  • Fishing
  • Newly Painted Property
  • Destin Elementary School Rated A-
  • Gated Community
  • Main Floor Primary Bedroom

About This Home

As of December 2021

Located in the heart of Destin, a Gulf Terrace two bedroom condo is ready for the next owner. Freshly painted with new carpet, this ground floor unit in Building 16 is very near to the front gate on Hwy. 98, and the beach is just a few minutes away. You even have a slight gulf view from the living room of this condo. One full bath and an additional half bath with a shower, this unit sleeps 6 in beds including a king and two queens. Enjoy all the conveniences of this quaint beach town including water parks, Harborwalk Village, Henderson Beach State Park, restaurants, shopping and more. Gulf Terrace amenities include three swimming pools, two tennis courts, clubhouse, lake and fishing. Unit is currently a vacation rental program and is being sold turn-key.

Last Agent to Sell the Property

Sarah Stone

Scenic Sotheby's International Realty Brokerage Phone: 850-598-6888 License #3093630 Listed on: 11/21/2021

Scenic Sotheby's International Realty

Last Buyer's Agent

Amanda Beck

Coldwell Banker Realty License #3489091

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,295

Year Built

  • Built in 1977

HOA Fees

  • $570 Monthly HOA Fees

Home Design

  • Newly Painted Property
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,050 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Wall to Wall Carpet

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Induction Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Home Security

Parking

  • Guest Parking
  • Parking available for a boat

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-1095-0000-0191

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, land recreation, licenses/permits, management, master, recreational faclty, sewer, water, cable TV, 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
  • Fishing

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,295

Year Built

Built in 1977

Lot Details

0

HOA Fees

$570 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: GULF TERRACE CONDO
  • Directions: From Hwy. 98 and Airport Road in Destin, travel west and turn north between Waffle House and Chick-fil-A. After going through the gate, make first right and building 16 will be on your right. Ground floor unit 191.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1977
  • Attribution Contact: 850-598-6888
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 8
  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Floor WW Carpet New, Furnished - All, Newly Painted, Owner's Closet, Window Treatment All
  • Stories: 2
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Newly Painted: Yes
  • Interior:Floor WW Carpet New: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Vinyl Siding, Slab
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Siding Vinyl: Yes
  • ConstructionSiding:Slab: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Boat, Guest, Other
  • General Property Info:Garage2: No
  • Parking Features:Other3: Yes
  • Parking Features:Guest: Yes
  • Parking Features:Boat: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pavillion/Gazebo, Picnic Area, Pool, Tennis
  • Association #2 Fee: 569.56
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Land Recreation, Licenses/Permits, Management, Master Association, Recreational Faclty, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-1095-0000-0191
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 8

Tax Info

  • Tax Annual Amount: 1294.78
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2021
Closed on
Dec 22, 2021
Sold by
Legendre Jr Frederick J and Legendre Carol M
Bought by
Dugas Lindsay
Seller's Agent
Sarah Stone
Scenic Sotheby's International Realty
Buyer's Agent
Amanda Beck
Coldwell Banker Realty
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$331,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,562
Avg. Annual Appreciation
8.16%

Purchase Details

Listed on
Nov 21, 2021
Closed on
Dec 9, 2021
Sold by
Legendre Iii Frederick J
Bought by
Legendre Frederick J and Legendre Carol M
Seller's Agent
Sarah Stone
Scenic Sotheby's International Realty
Buyer's Agent
Amanda Beck
Coldwell Banker Realty
List Price
$250,000
Sold Price
$250,000

Purchase Details

Listed on
Apr 29, 2009
Closed on
Apr 27, 2012
Sold by
Roy David W
Bought by
Legendre Frederick J and Legendre Frederick J
Seller's Agent
John Gillesipe
The Realty Firm Inc
Buyer's Agent
Sarah Stone
Scenic Sotheby's International Realty
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$68,000
Interest Rate
5.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 31, 2008
Sold by
Love Bettie V
Bought by
Roy David W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2001
Sold by
Vanderslice C W and Vanderslice Norma Jean
Bought by
Love Michael D and Love Bettie V

Purchase Details

Closed on
Nov 10, 1998
Sold by
Fricks E J
Bought by
Fricks Julius Clay and Fricks Jon Glenn
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Sunbelt Title
Quit Claim Deed -- Sunbelt Title
Warranty Deed $85,000 Mcneese Title Llc
Warranty Deed $90,000 Touchstone Land Title Inc
Warranty Deed $70,700 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $68,000 Future Advance Clause Open End Mortgage
Previous Owner $72,000 Purchase Money Mortgage
Previous Owner $50,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Rented $1,750 +2.9% --
10/30/2024 10/30/24 Price Changed $1,700 -10.5% $2 / Sq Ft
09/30/2024 09/30/24 Price Changed $1,900 -2.6% $2 / Sq Ft
09/27/2024 09/27/24 For Rent $1,950 0.0% --
12/22/2021 12/22/21 Sold $250,000 0.0% $238 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/21/2021 11/21/21 For Sale $250,000 +194.1% $238 / Sq Ft
04/30/2012 04/30/12 Sold $85,000 0.0% $81 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
04/29/2009 04/29/09 For Sale $85,000 -- $81 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $2,733 $230,000 -- $230,000
2023 $2,733 $245,000 $0 $245,000
2022 $2,356 $195,500 $0 $195,500
2021 $1,295 $110,000 $0 $110,000
2020 $1,126 $90,000 $0 $90,000
2019 $1,062 $85,000 $0 $85,000
2018 $963 $75,000 $0 $0
2017 $941 $72,000 $0 $0
2016 $905 $70,000 $0 $0
2015 $835 $63,000 $0 $0
2014 $791 $59,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 886248

Emerald Coast Association of REALTORS®

APN: 00-2S-22-1095-0000-0191