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 vacation getaway, or a primary residence, Gulf Terrace 131 checks all the boxes. Plus, you're just minutes from Destin Commons, world-class dining, and sugar-white beaches. Don't miss this profitable and hassle-free opportunity! Schedule your showing today!
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 18' x 10'
- Primary Bedroom Level: First
Other Rooms
- Total Rooms: 5
- Full Bathroom Dimensions: 10' x 5'
- Full Bathroom Level: First
- Living Room Dimensions: 25' x 22'
- Living Room Level: First
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Breakfast Bar
- Ceiling Crwn Molding
- Flooring: Floor Tile
- Window Features: Window Treatment All
Appliances
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Smoke Detector
- Stove/Oven Electric
- Washer
- Water Heater - Elect
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 22' x 6'
- Dining Room Level: First
- Kitchen Dimensions: 8' x 5'
- Kitchen Level: First
Pool and Spa
Waterfront and Water Access
Exterior and Lot Features
- Patio And Porch Features: Patio Covered
- Patio: Yes
Home Features
Homeowners Association
- Association: Yes
- Association Fee: 600
- Association Fee Frequency: Monthly
- Association Fee 2: 600
- Association Fee Includes: Accounting, Ground Keeping, Insurance, Internet Service, Master Association, Recreational Faclty, Sewer, Water, Cable TV, Trash
- Calculated Total Monthly Association Fees: 600
School Information
- Elementary School: Destin
- High School: Destin
- Middle School: Destin
Amenities and Community Features
- Community Features: BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
Other Property Info
- Annual Tax Amount: 2369
- Source Listing Status: Active
- County: Okaloosa
- Directions: From Hwy 98, turn north onto Gulf Terrace Drive. The building is located directly behind Building 8
- Tax Year: 2024
- Source Property Type: Residential
- Area: 14 - Destin
- Property Subtype: condo
- MLS Area Minor: 1403 - Destin Northwest
- Source Neighborhood: GULF TERRACE CONDO
- Parcel Number: 00-2S-22-1095-0131-0000
- Subdivision: GULF TERRACE CONDO
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 738
- Year Built: 1973
- Building Area Source: Condo Docs
- Building Area Total: 738
- Construction Materials: Siding Vinyl
- Property Age: 52
- Property Condition: Construction Complete
- Levels or Stories: 1
- Total Area Sqft: 738
Utilities
- Sewer: Public Sewer
- Public Water
- TV Cable
