4000 Gulf Terrace Dr Unit 281, Destin, FL, 32541

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

4000 Gulf Terrace Dr Unit 281, Destin$265,000

Buyer Closing Credits

$3,147^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeCondominium

Year Built1973

HeatingCentral

CoolingCeiling Fan(s), Central Air

WaterfrontLake Front

ViewLake

MLS #959584

StatusActive

About 4000 Gulf Terrace Dr Unit 281

NO RENTAL RESTRICTIONS! Destin 2BR 2BA Condominium + Laundry Room with lake view on the second floor. Large Living Room and the two bathrooms are rare find in the complex. Tile floors throughout. The condo is rented long term for $2300/ month, which brings a gross income of $27,600 / year AS IS. New SS Slide in Stove, New Dishwasher. Washer and Dryer Convey. The HOA fee covers Building Insurance & Exterior, water, internet, sewer, trash, landscaping, all pools maintenance and gates. The complex offers gated entrances from HWY 98 and from Airport Rd, access to 3 swimming pools, tennis/pickleball court, clubhouse for owners. Destin is renowned for its stunning beaches, vibrant community, water sports, boating, shopping and dining. Text agent for showing appointment

View More

Property Details

Property Features

Property Information:

• Architectural Style: N/A
• Year Built: 1973
• Living Area: 982 SqFt

Listing Office:

• Office Name: Waves of the Emerald Coast Realty LLC
• Office Email: alina.fl.homes@gmail.com
• Listing Agent: Alina Jackson

Interior Features

Interior Information:

• Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Electric Oven, Washer
• Flooring Type: Tile
• Interior: Breakfast Bar, Pantry, Shelving, Washer/Dryer Hookups, Window Treatment(s)

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: Lake Front
• View: Lake
• Exterior: BBQ Pit/Grill, Pool - In-Ground, Sprinkler System, Tennis Court

Utilities

Utilities Information:

• Heating: Central
• Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

• Directions: Across the street from Sundestin. From Hwy-98, turn North on Gulf Terrace Drive, next to Waffle House. Building 26. Gated Community

Price Information

Listing Price Info

Price Summary:

• List Price: $265,000
• Price Per SqFt: $270/SqFt

HOA Fees:

• Amount: $627
• Frequency: Monthly

Tax Information:

• Annual Amount: $736
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

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

Destin, FL

City

Med. Sold Price

$627.3K

Med. Price/SqFt

$380

Avg. Days On Market

117

# of Sold Homes

36

4000 Gulf Terrace Dr Unit 281 vs Destin

89 DAYS ON ROCKET

-28 Days

$265,000

-$362.3K Less

$270/SqFt

-$110 Less

KEY TAKEAWAY

This property is $362.3K less than the Median Sold Price and $110/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: #959584

Listing Office:

• Office Name: Waves of the Emerald Coast Realty LLC
• Office Email: alina.fl.homes@gmail.com
• Listing Agent: Alina Jackson

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: 12/18/2024, 10:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Aug 19, 2013	Aug 19, 2013Home Sold	$76,707
Apr 25, 2003	Apr 25, 2003Home Sold	$78,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$736	$83,848
2018	$651	$75,767
2017	$627	$73,000

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$2,017

Per Month

Principal & Interest

$1,323

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$627

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Okaloosa County›Destin›32541›4000 Gulf Terrace Dr Unit 281

This home is located at 4000 Gulf Terrace Dr Unit 281 in Destin, FL and zip code 32541. This 982 square foot home was built in 1973. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $265,000.

While more than 0 listings in Destin, FL in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 31 were sold below. The number of listings in Destin, FL increased by 4.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $627,355, while the average time on the real estate market was 117 days.

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