$2,849 Closing Credit¹
#965960, Simona M Ghile, Listing Office: Acasa Realty LLC
$239,000 List price
4000 Gulf Terrace Dr Unit 131 Destin, FL 32541
$2,838
Closing credit¹
1 bed
1 full
780 sqft
$306 / sqft
Condo
Property details
About 4000 Gulf Terrace Dr Unit 131
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 youre looking for a high-performing rental, a vacation getaway, or a primary residence, Gulf Terrace 131 checks all the boxes. Plus, youre just minutes from Destin Commons, world-class dining, and sugar-white beaches. Dont miss this profitable and hassle-free opportunity! Schedule your showing today!
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size780 sqft
Year built1973
MLS #970919
WaterfrontLake Front
ViewLake
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Electric Oven, Washer
- Flooring Type: Tile
- Interior: Breakfast Bar, Ceiling Crown Molding, Window Treatment(s)
- Total Bedroom Count: 1
- Private Pool: No
- Waterfront: Lake Front
- View: Lake
- Exterior: Patio Covered
- Architectural Style: N/A
- Heating: Central
- Cooling: Central Air
- List Price: $239,000
- Price/SqFt: $306
- HOA Amount: $600 Monthly
- Annual Tax Amount: $2,448
- Tax Year: 2023
- Directions: From Hwy 98, turn north onto Gulf Terrace Drive. The building is located directly behind Building 8
- Year Built: 1973
- Living Area: 780 SqFt
- MLS Number: 970919
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Levin Rinke Realty
- Office Email: robertr@levinrinkerealty.com
- Listing Agent: The White Sands Team
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 1:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$239,000
4000 Gulf Terrace Dr Unit 131
$2,838
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 27, 2022 | Home Sold | $255,000 |
| Feb 18, 2013 | Home Sold | $60,000 |
| Jan 25, 2005 | Home Sold | $169,000 |
| Jun 06, 2001 | Home Sold | $49,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $205,000 | $2,448 |
| 2022 | $130,000 | $1,350 |
| 2021 | $96,000 | $1,350 |
| 2020 | $80,000 | $1,139 |
| 2018 | $66,000 | $847 |
| 2017 | $60,000 | $784 |
History based on county public records data.
Nearby schools
8
Destin Elementary School
Public District PK-4
1.7 mi
•630 Kelly St
7
Eglin Elementary School
Public District KG-4
7.2 mi
•200 Gaffney Rd
9
Bluewater Elementary School
Public District KG-5
7.7 mi
•4545 Range Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,250. The majority of Destin, FL residents have income less than $<35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
53%
<35k
37%
35k-100k
6%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
64%
Single, No Kids
8%
Single, with Kids
22%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
3%
12-17 yrs old
40%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Mexican League Soccer
Where do the neighbors shop?
Forever 21
Express/Express For Men
Books-a-Million
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Church's Chicken
What do the neighbors drive?
Mazda
Volkswagen
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4000 Gulf Terrace Dr Unit 131
The listing price of 4000 Gulf Terrace Dr Unit 131 property is $239,000.
The property 4000 Gulf Terrace Dr Unit 131 is a condo located in Destin, Florida, 32541.
Active Listing: 4000 Gulf Terrace Dr Unit 131 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4000 Gulf Terrace Dr Unit 131 are: Destin Elementary School (GreatSchools Rating 8/10), Eglin Elementary School (GreatSchools Rating 7/10), Bluewater Elementary School (GreatSchools Rating 9/10), Destin Middle School (GreatSchools Rating 8/10), Lewis School (GreatSchools Rating 8/10), Meigs Middle School (GreatSchools Rating 5/10), Niceville High School (GreatSchools Rating 6/10), Choctawhatchee High School (GreatSchools Rating 4/10), Collegiate High School at Northwest Florida State College (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $2,448 (source: MLS/based on county public records data).
The last sale was on May 27, 2022 for $255,000 (source: MLS/tax record).
The property at 4000 Gulf Terrace Dr Unit 131 has 1 bedroom and 1 bathroom.
The property 4000 Gulf Terrace Dr Unit 131 is 780 SqFt (source: MLS/tax record).
The year of construction for 4000 Gulf Terrace Dr Unit 131 is 1973.
This home is located at 4000 Gulf Terrace Dr Unit 131 in Destin, FL and zip code 32541. This 780 square foot home was built in 1973. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $239,000.
In April 2025 more than 1 listings in Destin, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 45 were sold below. The number of homes for sale in Destin, FL increased by 9% between March and April 2025. In April 2025 median list price was $615,000 and the average listing age was 113 days.
From Rocket Homes Real Estate and based on county public records data.