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4000 Gulf Terrace Drive, UNIT 137, Destin, FL 32541

$200,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 738 Status: Active
Current Price: $200,000 List Date: 9/24/2025 Last Modified: 10/14/2025

Description

Destin Condo Central Location in Gulf Terrace Complex, located on the ground Floor with Lake View. One of the few properties where All Rental types are Allowed and Pets. Primary Residence or Investment Property. Granite Countertops, New HVAC and Water Heater, Tile Floors throughout, Washer/Dryer Hook Ups in the unit. GULF TERRACE COMPLEX IS APPROVED FOR VA FINANCING, a gated community with EV Charger station, 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. See More Section

Supplements: 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 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.

More Information MLS# 953955

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 271 List Date: 2024-07-05 Current Price: $200,000 List Price: $200,000

Location, Tax and Legal

Unit #: UNIT 137 Sub Area: 1403 - Destin Northwest Elementary School: Destin Middle School: Destin High School: Destin Legal Description: GULF TERRACE UNIT 137

General Property Info

Sub-Type: Condominium Design: N/A SqFt Source: County PA Records Stories In Unit: 0 # of Units in Bldg: 8 Stories in Building: 2 Unit Floors Above Ground: 0 Immediate Occupancy: Yes Garage: No Carport: No Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 738 Bedrooms: 1 Full Baths: 1 Total Bathrooms: 1 Year Built: 1973

Listing Info, Tax & Legal

Homestead: Yes Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 601.79 Annual Assessment Amount: 7221.48 Assessment Paid: Monthly New Buyer Fee: No Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Destin Condo Central Location in Gulf Terrace Complex, located on the ground Floor with Lake View. One of the few properties where All Rental types are Allowed and Pets. Primary Residence or Investment Property. Granite Countertops, New HVAC and Water Heater, Tile Floors throughout, Washer/Dryer Hook Ups in the unit. GULF TERRACE COMPLEX IS APPROVED FOR VA FINANCING, a gated community with EV Charger station, 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. See More Section

Waterfront

Lake: 1

Construction Status

Construction Complete: 1

Waterview

Lake: 1

Project Facilities

BBQ Pit/Grill: 1 Community Room: 1 Dumpster: 1 Gated Community: 1 Laundry: 1 Pavillion/Gazebo: 1 Pets Allowed: 1 Pickle Ball: 1 Picnic Area: 1 Pool: 1 Short Term Rental - Allowed: 1 Tennis: 1 TV Cable: 1 Waterfront: 1

Construction/Siding

Block: 1 Frame: 1 Roof Flat: 1 Roof Metal: 1 Roof Shingle/Shake: 1 Siding Vinyl: 1 Trim Vinyl: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1 Other: 1

Exterior

BBQ Pit/Grill: 1 Sprinkler System: 1

Interior

Breakfast Bar: 1 Floor Tile: 1 Furnished - None: 1 Newly Painted: 1 Owner's Closet: 1 Pantry: 1 Washer/Dryer Hookup: 1

Financing

VA: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Oven Self Cleaning: 1 Refrigerator: 1 Stove/Oven Electric: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Tile: 1 MBed First Floor: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1

Fees Include

Ground Keeping: 1 Insurance: 1 Internet Service: 1 Sewer: 1 Trash: 1 Water: 1

Existing Leases

Month To Month: 1

Status Change Info

Status: Active

Location Tax and Legal

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-22-1095-0137-0000

Property Features

Construction Status: Construction Complete Waterfront: Lake Waterview: Lake Project Facilities: BBQ Pit/Grill; Community Room; Dumpster; Gated Community; Laundry; Pavillion/Gazebo; Pets Allowed; Pickle Ball; Picnic Area; Pool; Short Term Rental - Allowed; Tennis; TV Cable; Waterfront Exterior: BBQ Pit/Grill; Sprinkler System Interior: Breakfast Bar; Floor Tile; Furnished - None; Newly Painted; Owner's Closet; Pantry; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Microwave; Oven Self Cleaning; Refrigerator; Stove/Oven Electric Utilities: Electric; Public Sewer; Public Water; TV Cable; Other Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Bedroom: First Kitchen: First Living Room: First Rooms: Bedroom; Kitchen; Living Room Financing: VA Fees Include: Ground Keeping; Insurance; Internet Service; Trash; Water Existing Leases: Month To Month

Room Information

Bedroom Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Remarks: to be verified Dimensions: 12 x 12 Living Room Level: First Dimensions: 12 x 18 Length: 12.00 Width: 18.00 Remarks: to be verified Dimensions: 12 x 18 Kitchen Level: First Dimensions: 6 x 8 Length: 6.00 Width: 8.00 Remarks: to be verified Dimensions: 6 x 8
Listing Office: Waves of the Emerald Coast Realty LLC
Last Updated: October - 14 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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