4000 Gulf Terrace Drive UNIT 122

About This Home

INVESTOR OPPORTUNITY IN THE HEART OF DESTIN! Unit 122 at Gulf Terrace offers an exciting opportunity for first-time investors or savvy buyers looking to create value in one of the Emerald Coast's most popular vacation destinations. Bring your vision and add your personal touch to this condo while exploring its potential to build equity and generate vacation rental income. Updated comparable units have demonstrated **proven gross rental income of approximately $67K annually**, offering an attractive benchmark for investors considering the possibilities here. 2025 Actual Gross Income $55,790 2026 Actual Gross Income YTD over $51K Ideally located in the heart of Destin, Gulf Terrace puts you close to the area's most popular attractions, including Big Kahuna's Water & Adventure Park, the Destin Harbor, world-class fishing, beautiful Gulf beaches, shopping, dining, and entertainment. The gated community features 3 swimming pools (1 heated), tennis courts, pickleball and beautifully maintained grounds, adding to its appeal for vacation guests and owners alike. Whether you're purchasing your first investment property, expanding your portfolio, or looking for a beach getaway with income-producing potential, this is your chance to enter the Destin market at an appealing price point and make it your own. Bring your vision and discover the possibilities at Gulf Terrace!