NOT LISTED FOR SALE

4000 Gulf Terrace Dr Unit 219 Destin, FL 32541

Estimated Value: $203,000 - $287,000

1 Bed
1 Bath
850 Sq Ft
$498/mo HOA Fee

Last Sold July 27, 2023

Last sale price $240,000 $282 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,950/month

181 Days on Market

Highlights

  • Lake View
  • Community Pool
  • Living Room
  • Destin Elementary School Rated A-
  • Tennis Courts
  • Community Barbecue Grill

About This Home

As of July 2023

Lovely views from this spacious lake front unit in the heart of Destin. The closeness to the beaches and community amenities make this unit perfect for short or long term rental, Air bnb or primary residence. Gulf terrace condominium is located within a few minutes to the white sand beaches and offers 3 community pools, tennis courts, a community room and picnic/ grill areas throughout the property. This second floor unit offers updated kitchen with granite counter tops and stainless still appliances , fresh paint throughout, LVP flooring and updated bathroom with a walk in shower and in unit washer and drier hook up. Unit 219 is conveniently located by the the main pool and gate entrance and has a lovely view of the lake. Lots of natural light through the living room. This unit has never been a vacation rental, however similar units have been reported to make more than 48k annually. Easy to show.

Last Agent to Sell the Property

Vasilena Muerova

World Impact Real Estate License #3290343 Listed on: 12/14/2022

World Impact Real Estate

Last Buyer's Agent

Vasilena Muerova

World Impact Real Estate License #3290343 Listed on: 12/14/2022

World Impact Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,874

Year Built

  • Built in 1976

Lot Details

  • 18

HOA Fees

  • $498 Monthly HOA Fees

Interior Spaces

  • 850 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Vinyl Flooring
  • Lake Views
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 002S22109502190000

Community Details

Overview

  • Association fees include accounting, insurance, internet service, management, master, recreational faclty, cable TV, trash
  • Gulf Terrace Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,874

Year Built

Built in 1976

Lot Details

0

HOA Fees

$498 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: GULF TERRACE CONDO
  • Directions: Across the street from Sundestin ( on the north side of hwy 98)
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1976
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Lake2: Yes
  • Special Features: None

Interior Features

  • Appliances: Stove/Oven Electric
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Floor Vinyl
  • Stories: 2
  • Appliances:StoveOven Electric: Yes
  • Interior:Floor Vinyl: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Community Room, Dumpster, Picnic Area, Pool, Tennis
  • Association #2 Fee: 498.38
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Insurance, Internet Service, Management, Master Association, Recreational Faclty, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 002S22109502190000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2022
Closed on
Jul 27, 2023
Sold by
Gomes Jose and Soulier Mariana
Bought by
Fabio Masiero
Seller's Agent
Vasilena Muerova
World Impact Real Estate
Buyer's Agent
Vasilena Muerova
World Impact Real Estate
List Price
$280,000
Sold Price
$240,000
Premium/Discount to List
-$40,000
-14.29%
Views
637
Current Estimated Value
$238,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,622
Avg. Annual Appreciation
-0.32%
Original Mortgage
$180,000
Outstanding Balance
$176,000
Interest Rate
6.71%
Mortgage Type
Construction
Estimated Equity
$62,378

Purchase Details

Listed on
Aug 14, 2020
Closed on
Aug 28, 2020
Sold by
Raju Investments Llc
Bought by
Gomes Jose Marcelo and Souller Mariana Moraes
Seller's Agent
Dan Dufault
Sea Coast Realty Group Inc
Buyer's Agent
Daniel Dufault
The Property Shoppe
List Price
$98,000
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.19%
Original Mortgage
$78,400
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2007
Sold by
Perkowski Adam L and Perkowski Iwona A
Bought by
Raju Investments Llc

Purchase Details

Closed on
Sep 4, 2002
Sold by
Kelly Charles E and Kelly Elizabeth A
Bought by
Perkowski Adam L and Perkowski Iwona A

Purchase Details

Closed on
May 10, 2000
Sold by
Elizabeth Freeman Robert Jeffrey and Elizabeth Norma
Bought by
Kelly Charles E and Kelly Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,250
Interest Rate
8.28%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fabio Masiero $240,000 None Listed On Document
Gomes Jose Marcelo $98,000 Allure Title Company
Raju Investments Llc $95,000 Title Works
Perkowski Adam L $54,000 Security First Title Partner
Kelly Charles E $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fabio Masiero $180,000
Previous Owner Gomes Jose Marcelo $78,400
Previous Owner Kelly Charles E $52,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $240,000 -10.9% $282 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/31/2023 05/31/23 Price Changed $269,500 -0.1% $317 / Sq Ft
04/04/2023 04/04/23 Price Changed $269,900 -0.4% $318 / Sq Ft
03/28/2023 03/28/23 Price Changed $271,000 -0.4% $319 / Sq Ft
03/14/2023 03/14/23 Price Changed $272,000 -0.4% $320 / Sq Ft
03/07/2023 03/07/23 Price Changed $273,000 -0.4% $321 / Sq Ft
03/01/2023 03/01/23 Price Changed $274,000 -0.4% $322 / Sq Ft
02/17/2023 02/17/23 Price Changed $275,000 -1.8% $324 / Sq Ft
12/14/2022 12/14/22 For Sale $280,000 +185.7% $329 / Sq Ft
09/01/2020 09/01/20 Sold $98,000 0.0% $115 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $98,000 0.0% $115 / Sq Ft
12/21/2015 12/21/15 Off Market $825 -- --
03/12/2012 03/12/12 Rented $825 0.0% --
03/12/2012 03/12/12 Under Contract -- -- --
02/29/2012 02/29/12 For Rent $825 -- --
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 $1,874 $200,000 -- $200,000
2023 $1,874 $205,000 $0 $205,000
2022 $1,409 $130,000 $0 $130,000
2021 $1,192 $96,000 $0 $96,000
2020 $1,000 $80,000 $0 $80,000
2019 $967 $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

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 913431

Emerald Coast Association of REALTORS®

APN: 00-2S-22-1095-0219-0000