ATTENTION INVESTORS! High-performing 1 bed, 1 bath condominium in Destin, Florida generating approximately $42,000 in annual rental income. This unit consistently outperforms comparable properties in the area, demonstrating exceptional demand and proven success. A detailed income report for the past four years is available, highlighting its strong and reliable revenue history. This condo is being sold turn-key and ready for short-term rentals, making it an excellent investment opportunity or a perfect place to call home. This unit is being sold fully furnished with everything shown in the listing and is ready to move in or immediately start short-term rentals. The condo has been completely renovated, featuring: New electrical wiring and water lines. New HVAC system and ductwork. New water heater. New sheetrock with blown insulation. New sliding patio door. Enjoy excellent community amenities including outdoor pools, tennis courts, BBQ areas, and a pavilion/gazebo. This is a great investment opportunity with strong income potential in a prime beach location or a perfect place to live. Disclaimer: All measurements to be verified by buyer.
Property Features
Bedrooms
- Bedrooms: 1
- Bedroom 1 Dimensions: 12' x 11'
- Bedroom 1 Level: First
Other Rooms
- Total Rooms: 3
- Balcony Dimensions: 22' x 5'
- Balcony Level: First
- Living Room Dimensions: 14' x 12'
- Living Room Level: First
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Kitchen Island
- Flooring: Floor Vinyl
Appliances
- Cooktop
- Dishwasher
- Dryer
- Microwave
- Range Hood
- Refrigerator
- Smoke Detector
- Washer
- Water Heater - Elect
Heating and Cooling
- Cooling Features: Central Air
Exterior and Lot Features
Pool and Spa
Home Features
Homeowners Association
- Association: Yes
- Association Fee: 602
- Association Fee Frequency: Monthly
- Association Fee 2: 602
- Association Fee Includes: Accounting, Ground Keeping, Internet Service, Legal, Management, Master Association, Sewer, Water, Trash
- Calculated Total Monthly Association Fees: 602
School Information
- Elementary School: Destin
- High School: Destin
- Middle School: Destin
Amenities and Community Features
- Community Features: Short Term Rental - Allowed, Pickle Ball, Dumpster, Gated Community, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
Other Property Info
- Annual Tax Amount: 1915
- Source Listing Status: Active
- County: Okaloosa
- Directions: Highway 98, East. Turn north onto Gulf Terrace Drive. Entrance is west of Airport Road. Gate Code Needed
- Tax Year: 2025
- 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-22-0000-0286
- Subdivision: GULF TERRACE CONDO
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 830
- Year Built: 1973
- Building Area Source: Agent-Measured
- Building Area Total: 830
- Construction Materials: Siding Vinyl, Stucco
- Property Age: 53
- Property Condition: Renovated, Construction Complete
- Levels or Stories: 2
- Total Area Sqft: 830
Utilities
- Sewer: Public Sewer
- Electric
- Public Water
- TV Cable