Listing Board: Emerald Coast
List Price/SqFt: 331.98
List Date: 2025-11-14
Current Price: $245,000
List Price: $245,000
Unit #: UNIT 131
Sub Area: 1403 - Destin Northwest
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: GULF TERRACE UNIT 131
Sub-Type: Condominium
Design: N/A
SqFt Source: Condo Docs
Stories In Unit: 1
Unit Floors Above Ground: 1
Immediate Occupancy: Yes
Garage: No
Carport: No
Street Spaces: 2
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 738
Bedrooms: 1
Full Baths: 1
Total Bathrooms: 1
Year Built: 1973
Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 600
Annual Assessment Amount: 7200
Assessment Paid: Monthly
New Buyer Fee: Yes
New Buyer Fee Amt: 200
New Buyer Fee Paid: $
Last Taxes: 2369.32
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: No
Remarks: Profitable Short-Term Rental - No Milestone Inspections Required! Looking for an investment property that actually makes financial sense? This turnkey one-bedroom condo in Gulf Terrace generated about $35,000 in gross rental income in 2024 and is exempt from costly Milestone inspections! Located in the heart of Destin, Gulf Terrace offers an unbeatable location with 26 acres of beautifully manicured grounds, featuring three pools, two tennis courts, and a spring-fed lake for a fantastic view. This fully furnished condo comfortably accommodates up to six guests with a king bed in the master and a queen sleeper sofa in the living room. Enjoy lake views from the spacious patio, easy access to the pool, and a bright, open living area. Whether you're looking for a high-performing rental, a
BBQ Pit/Grill: 1
Community Room: 1
Dumpster: 1
Gated Community: 1
Laundry: 1
Pavillion/Gazebo: 1
Pets Allowed: 1
Picnic Area: 1
Pool: 1
Tennis: 1
TV Cable: 1
Roof Metal: 1
Siding Vinyl: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Breakfast Bar: 1
Ceiling Crwn Molding: 1
Floor Tile: 1
Furnished - All: 1
Window Treatment All: 1
Conventional: 1
FHA: 1
VA: 1
Dishwasher: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Smoke Detector: 1
Stove/Oven Electric: 1
Washer: 1
AC - Central Elect: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Dining Room: 1
Full Bathroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Accounting: 1
Ground Keeping: 1
Insurance: 1
Internet Service: 1
Master Association: 1
Recreational Faclty: 1
Sewer: 1
Trash: 1
TV Cable: 1
Water: 1
Area: 14 - Destin
Street #: 4000
Street Name: Gulf Terrace
Street Suffix: Drive
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: GULF TERRACE CONDO
Parcel ID: 00-2S-22-1095-0131-0000
Construction Status: Construction Complete
Waterfront: Lake
Waterview: Lake
Project Facilities: BBQ Pit/Grill; Community Room; Dumpster; Gated Community; Laundry; Pavillion/Gazebo; Pets Allowed; Picnic Area; Pool; Tennis; TV Cable
Exterior: Patio Covered
Interior: Breakfast Bar; Ceiling Crwn Molding; Floor Tile; Furnished - All; Window Treatment All
Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector; Stove/Oven Electric; Washer
Utilities: Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: First
Kitchen: First
Living Room: First
Full Bathroom: First
Rooms: Dining Room; Full Bathroom; Kitchen; Living Room; Master Bedroom
Financing: Conventional; FHA; VA
Fees Include: Accounting; Ground Keeping; Insurance; Internet Service; Master Association; Recreational Faclty; Trash; TV Cable; Water
Room Information
Living Room
Level: First
Dimensions: 25 x 22
Length: 25.00
Width: 22.00
Dimensions: 25 x 22
Dining Room
Level: First
Dimensions: 22 x 6
Length: 22.00
Width: 6.00
Dimensions: 22 x 6
Kitchen
Level: First
Dimensions: 8 x 5
Length: 8.00
Width: 5.00
Dimensions: 8 x 5
Master Bedroom
Level: First
Dimensions: 18 x 10
Length: 18.00
Width: 10.00
Dimensions: 18 x 10
Full Bathroom
Level: First
Dimensions: 10 x 5
Length: 10.00
Width: 5.00
Dimensions: 10 x 5
