23 days on rocket

4000 Gulf Terrace Dr Unit 287, Destin, FL, 32541

$229,500

Home List Price

$2,725*

Closing Credit

1 Bedroom
1 Full Bath
738 SqFt
$311/SqFt
Condo
Schools Nearby

Location

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4000 Gulf Terrace Dr Unit 287, Destin$229,500

Buyer Closing Credits

$2,725*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1973
CoolingCentral Air
MLS #946668
StatusActive

About 4000 Gulf Terrace Dr Unit 287

Great opportunity to own a 1 bedroom 1 bathroom condo with private laundry! This condo is an investment property on short term rental program with possibilities to keep as vacation rental, or turn long term rental, own as a personal vacation getaway, or make into a primary residence in the heart of Destin. This unit is an incredible opportunity for an investor to renovate or keep rentals. Great location in Destin near all the emerald coast attractions, restaurants, shopping, Destin harbor, crab island and the emerald gulf white sand beaches! Gulf Terrace community has 3 pools all recently resurfaced, tennis courts, walking bridge over the central pond and green space. The community is conveniently located with two gated entrances with access from Hwy 98 and Airport Road. HOA dues include all utilities except the electric for the unit!

Property Details

Property Features

Property Information:

  • Architectural Style: N/A
  • Year Built: 1973
  • Living Area: 738 SqFt

Listing Office:

  • Office Name: The Premier Property Group Watercolor Office
  • Office Email: b.schott@att.net
  • Listing Agent: Alyssa F Summer

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Refrigerator, Electric Oven, Washer
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Washer/Dryer Hookups

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Balcony

Utilities

Utilities Information:

  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Fort Walton Beach High School, Public District Grades 9-12
  • Destin Middle School, Public District Grades 5-8
  • Northwest Florida Ballet Academie, Public District Grades 3-8
  • Destin Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Traveling West on Hwy 98 from Midbay Bridge, turn Right at Terrace Gulf just after Airport Rd at Waffle House and previous Chick-fil-A location. Enter through gate follow community to the left and last building on the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $229,500
  • Price Per SqFt: $311/SqFt

HOA Fees:

  • Amount: $498
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,001
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Destin, FL.

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Destin, FL

City

Med. Sold Price

$667.7K

Med. Price/SqFt

$416

Avg. Days On Market

82

# of Sold Homes

52

4000 Gulf Terrace Dr Unit 287 vs Destin

23 DAYS ON ROCKET

-59 Days

$229,500

-$438.2K Less

$311/SqFt

-$106 Less

KEY TAKEAWAY

This property is $438.2K less than the Median Sold Price and $106/SqFt less than other homes in Destin, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #946668

Listing Office:

  • Office Name: The Premier Property Group Watercolor Office
  • Office Email: b.schott@att.net
  • Listing Agent: Alyssa F Summer

IDX 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 2024. 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: 4/30/2024, 7:20:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 02, 2018Home Sold
$99,000
Jun 13, 2016Home Sold
$74,000
Nov 25, 2009Home Sold
$63,000
Aug 15, 2005Home Sold
$178,000
Apr 19, 2004Home Sold
$90,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,001$80,000
2018$821$64,000
2017$771$59,000

History based on county public records data.

Payment Calculator

$1,711

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$755

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3591712
8
/10

  • Destin Elementary School

  • 630 Kelly St

  • 1.77 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3591713
7
/10

  • Destin Middle School

  • 4608 Legendary Marina Dr

  • 2.74 miles

  • Public District Grades 5-8

school-card-donut-3591714
10
/10

  • Northwest Florida Ballet Academie

  • 310 Perry Ave SE

  • 8.23 miles

  • Public District Grades 3-8

High School

school-card-donut-3591715
6
/10

  • Fort Walton Beach High School

  • 400 Hollywood Blvd SW

  • 10.50 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4000 Gulf Terrace Dr Unit 287

What is the listing price of this property?

The listing price of 4000 Gulf Terrace Dr Unit 287 property is $229,500.

What type of property is this?

The property 4000 Gulf Terrace Dr Unit 287 is a condo located in Destin, Florida, 32541.

Is this property for sale now?

Active Listing: 4000 Gulf Terrace Dr Unit 287 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4000 Gulf Terrace Dr Unit 287 are:
Destin Elementary School: GreatSchools Rating 8/10
Destin Middle School: GreatSchools Rating 7/10
Northwest Florida Ballet Academie: GreatSchools Rating 10/10
Fort Walton Beach High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,001 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 2, 2018 for $99,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4000 Gulf Terrace Dr Unit 287 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 4000 Gulf Terrace Dr Unit 287 is 738 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4000 Gulf Terrace Dr Unit 287 is 1973.

Rocket Homes›Florida›Okaloosa County›Destin›32541›4000 Gulf Terrace Dr Unit 287

This home is located at 4000 Gulf Terrace Dr Unit 287 in Destin, FL and zip code 32541. This 738 square foot home was built in 1973. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 06, 2024 and is currently priced at $229,500.

While more than 3 listings in Destin, FL in March 2024 were sold above asking price, there were more than 11 listings sold at asking price, and more than 38 were sold below. In March 2024 in Destin, FL there were 15.5% more homes for sale than in February 2024. Listings spent 82 days on the market in March 2024, and had a median list price of $667,755 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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