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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!
| DAYS ON MARKET | 185 | LAST UPDATED | 8/1/2025 |
|---|---|---|---|
| TRACT | GULF TERRACE CONDO | YEAR BUILT | 1973 |
| COMMUNITY | 14 - Destin | COUNTY | Okaloosa |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Destin |
|---|---|
| Jr. High School | Destin |
| High School | Destin |
| PRICE HISTORY | |
| Prior to Apr 11, '25 | $245,000 |
|---|---|
| Apr 11, '25 - Aug 1, '25 | $239,000 |
| Aug 1, '25 - Today | $238,500 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer |
| AREA | 14 - Destin |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Central, Electric |
| HOA DUES | 600 |
| INTERIOR | Breakfast Bar |
| LOT | 0 |
| POOL DESCRIPTION | Outdoor Pool |
| SEWER | Public Sewer |
| STYLE | N/A |
| SUBDIVISION | GULF TERRACE CONDO |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Levin Rinke Realty
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. Information is believed to be accurate but is not guaranteed.
All listings are provided courtesy of the Emerald Coast Association of Realtors
© 2025 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). All rights reserved. Vendor Member Number: 28306
All listings are provided courtesy of the Emerald Coast Association of Realtors
© 2025 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). All rights reserved. Vendor Member Number: 28306
This IDX solution is (c) Diverse Solutions 2025.