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The Ketchersid Group Real Estate
4000 Gulf Terrace Dr Unit UNIT 122, Destin, FL 32541
- $250,000
- 2
- BD
- 1
- BA
- 1,050
- SqFt
- List Price
- $250,000
- Days on Market
- 1
- MLS#
- 1013697
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Condominium
- Bedrooms
- 2
- Bathrooms
- 1
- Full Bathrooms
- 1
- Living Area
- 1,050
- Neighborhood
- Destin Northwest
Property Description
INVESTOR OPPORTUNITY IN THE HEART OF DESTIN! Unit 122 at Gulf Terrace offers an exciting opportunity for first-time investors or savvy buyers looking to create value in one of the Emerald Coast's most popular vacation destinations. Bring your vision and add your personal touch to this condo while exploring its potential to build equity and generate vacation rental income. Updated comparable units have demonstrated **proven gross rental income of approximately $67K annually**, offering an attractive benchmark for investors considering the possibilities here. 2025 Actual Gross Income $55,790 2026 Actual Gross Income YTD over $51K Ideally located in the heart of Destin, Gulf Terrace puts you close to the area's most popular attractions, including Big Kahuna's Water & Adventure Park, the Destin Harbor, world-class fishing, beautiful Gulf beaches, shopping, dining, and entertainment. The gated community features 3 swimming pools (1 heated), tennis courts, pickleball and beautifully maintained grounds, adding to its appeal for vacation guests and owners alike. Whether you're purchasing your first investment property, expanding your portfolio, or looking for a beach getaway with income-producing potential, this is your chance to enter the Destin market at an appealing price point and make it your own. Bring your vision and discover the possibilities at Gulf Terrace!
Additional Information
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater
- Elementary School
- Destin
- Exterior Features
- Sprinkler System
- High School
- Destin
- Interior Features
- Lock Out, Split Bedroom, Washer Hookup
- Legal Description
- Gulf Terrace Unit 122
- Middle School
- Destin
- Neighborhood
- Destin Northwest
- Community Features
- BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated, Laundry Facilities, Picnic Area, Pool, Cable TV, Tennis Court(s), Pickleball, Short Term Rental Allowed
- Subdivision
- Gulf Terrace Condo
- View
- Lake
- Year Built
- 1973
Mortgage Calculator
Listing courtesy of Century 21 AllPoints Realty.
Vendor Member Number : 28166