4000 Gulf Terrace Drive 228, Destin, FL 32541 (MLS# 981383)

4000 Gulf Terrace Drive 228, Destin, FL 32541

$271,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 738 Status: Active

Current Price: $271,000 List Date: 7/21/2025 Last Modified: 1/16/2026

Overview

Description

2 FULL BATHROOMS! Large Bedroom & a bunk room. Sleeps more & costs less! Turn-key investment opportunity in the heart of Destin! This fully furnished condo features a cozy master bedroom with a spacious en suite bathroom, a separate bunk room, and a second full bathroom! Enjoy high end updates, quality appliances, & stylish finishes throughout. Step onto your private balcony to watch the sunset! Located in a gated community offering 3 swimming pools, a pickleball/tennis court, EV charging, & a clubhouse for owners!! Gulf Terrace is also pet friendly! Fur babies welcome! Just minutes from Destin's best beaches, dining, and attractions. Proven income producing short term rental, this location is a fan favorite!! A perfect vacation home and investment property in one.

Listing Details MLS# 981383

Contract Info

List Price/SqFt: 367.21
Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin
Street #: 4000
Street Name: Gulf Terrace
Street Suffix: Drive
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: GULF TERRACE CONDO
Parcel ID: 00-2S-22-1095-0228-0000

General Property Info

Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 738
SqFt Source: County PA Records
Full Baths: 2
Total Bathrooms: 2
Stories In Unit: 2
Unit Floors Above Ground: 2
Year Built: 1973
Immediate Occupancy: Yes
Pre-Const Flip: No
Garage: No
Carport: No
Pool: Yes
Pool Type: Community

Location, Tax and Legal

Unit #: 228
Sub Area: 1403 - Destin Northwest
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: GULF TERRACE UNIT 228

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 601.79
Annual Assessment Amount: 7221.48
Assessment Paid: Monthly
New Buyer Fee: Yes
New Buyer Fee Amt: 200
New Buyer Fee Paid: $
Last Taxes: 2369.32
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: No

More Information

Remarks & Misc

Remarks: 2 FULL BATHROOMS! Large Bedroom & a bunk room. Sleeps more & costs less! Turn-key investment opportunity in the heart of Destin! This fully furnished condo features a cozy master bedroom with a spacious en suite bathroom, a separate bunk room, and a second full bathroom! Enjoy high end updates, quality appliances, & stylish finishes throughout. Step onto your private balcony to watch the sunset! Located in a gated community offering 3 swimming pools, a pickleball/tennis court, EV charging, & a clubhouse for owners!! Gulf Terrace is also pet friendly! Fur babies welcome! Just minutes from Destin's best beaches, dining, and attractions. Proven income producing short term rental, this location is a fan favorite!! A perfect vacation home and investment property in one.

Sale Type

Accept Backup Offers: Yes

Waterfront

Lake: Yes

Construction Status

Construction Complete: Yes

Project Facilities

BBQ Pit/Grill: Yes
Community Room: Yes
Dumpster: Yes
Gated Community: Yes
Laundry: Yes
Pavillion/Gazebo: Yes
Pets Allowed: Yes
Pickle Ball: Yes
Picnic Area: Yes
Pool: Yes
Short Term Rental - Allowed: Yes
Tennis: Yes

Utilities

Electric: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes

Exterior

Balcony: Yes
Pool - In-Ground: Yes

Interior

Floor Tile: Yes
Furnished - All: Yes
Owner's Closet: Yes
Pantry: Yes
Renovated: Yes
Window Treatment All: Yes

Appliances

Dishwasher: Yes
Refrigerator W/IceMk: Yes
Stove/Oven Electric: Yes

Energy

AC - Central Elect: Yes
Ceiling Fans: Yes
Heat Cntrl Electric: Yes
Water Heater - Elect: Yes

Bedroom

First: Yes

Living Room

First: Yes

Full Bathroom

First: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Bunk Room: Yes
Full Bathroom: Yes
Living Room: Yes
Master Bathroom: Yes

Fees Include

Accounting: Yes
Ground Keeping: Yes
Insurance: Yes
Trash: Yes
Water: Yes

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Waterfront: Lake Project Facilities: BBQ Pit/Grill; Community Room; Dumpster; Gated Community; Laundry; Pavillion/Gazebo; Pets Allowed; Pickle Ball; Picnic Area; Pool; Short Term Rental - Allowed; Tennis Exterior: Balcony; Pool - In-Ground Interior: Floor Tile; Furnished - All; Owner's Closet; Pantry; Renovated; Window Treatment All Appliances: Dishwasher; Refrigerator W/IceMk; Stove/Oven Electric Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Bedroom: First Living Room: First Full Bathroom: First Rooms: Balcony; Bedroom; Bunk Room; Full Bathroom; Living Room; Master Bathroom Fees Include: Accounting; Ground Keeping; Insurance; Trash; Water

Room Information

Room Name	Level	Dimensions	Length	Width
Living Room	First	12 x 18	12.00	18.00
Bedroom	First	12 x 12	12.00	12.00
Bunk Room	First	8 x 6	8.00	6.00
Master Bathroom	First	6 x 6	6.00	6.00
Full Bathroom	First	4 x 5	4.00	5.00
Balcony	First	6 x 6	6.00	6.00

Listing Office: Coldwell Banker Realty

Last Updated: January - 16 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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