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Property Details for Listing # 809328
 
 
 
 
Price: $4,200,000
4000 Gulf Terrace Drive #1000, 107, 108, 109, 110, 113, etc
Destin, FL 32541
County: Okaloosa
Bedrooms: 2
Full Baths: 1
Sq. Feet: 950
Type: Condo
 
 
 
 
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Property Description:
 
 
 
 
Listing information is for one unit out of the 42 included. Units are 2/1, 2/2 and 1/1 and 1/2. This is for a 42 unit investor package. Great deal on super rental income property with great rental numbers. Occupancy runs between 95-100% year round. Investors looking for tax depreciation and equity appreciation will love this package. Great location in the heart of Destin. This property has seen many improvements over the past 5 years. The maintenance fees have not gone up during that time. The association shows great financial records and a nice reserve account. Units are immediately occupied when vacancy occurs. Management contract in place and will continue for the next two years. Many of the units have water views, park views and tennis court view. Buyer to verify dimensions.

 
 
 
 
OVERVIEW:
 
 
 
 
Days on Market:Unlock
Property Type:Condo
Listing Status:Active
Subtype:Condominium
Subdivision:Gulf Terrace Condo
Area Name:14 - Destin
Building Name:Gulf Terrace Condo
Year Built:1976
Cooled Square Feet:950
Parking Features:Boat, Guest
Construction/Siding:Block, Concrete, Frame, Roof Flat, Roof Metal, Siding Vinyl, Stucco
Energy:AC - Central Elect, Water Heater - Elect
Utilities:Electric, Phone, Public Sewer, Public Water, TV Cable
 
 
 
 
FEATURES:
 
 
 
 
Exterior Features:Balcony, BBQ Pit/Grill, Deck Open, Fenced Chain Link, Fenced Privacy, Pavillion/Gazebo, Pool - In-Ground, Porch, Shower, Tennis Court
Project Features:BBQ Pit/Grill, Community Room, Dock, Dumpster, Fishing, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
Fees Include:Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Other Utilities, Repairs
Appliances:Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric
Water View:Lake
Waterfront:Lake, Shore - Natural, Unit Waterfront
 
 
 
 
ROOM INFO:
 
 
 
 
Bedrooms:2
Total Full Baths:1
 
 
 
 
SCHOOLS:
 
 
 
 
Elementary School:Destin
Middle School:Destin
High School:Fort Walton Beach
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$4,200,000
Original Listing Price:Unlock
Assessment:$364.21
Assessment Paid:Monthly
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ROOM SIZES:
 
 
 
 
RoomLevelApprox. Size
Master Bedroom12 x 11
Additional Bedroom12 x 11
Kitchen1
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Broker Reciprocity Courtesy of Sea Coast Realty Group Inc

 

Data last updated 11/16/2018

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Destin Beach Brokers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

©2018Emerald Coast AOR/Data Services of the Gulf Coast. All rights reserved.

     For additional information, contact Destin Beach Brokers Phone: (850) 454-8160
Toll-Free: (877) 428-5035
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