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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

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.

More Information MLS# 981383

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 367.21 List Date: 2025-07-21 Current Price: $271,000 List Price: $271,000

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

General Property Info

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

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

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: 1

Waterfront

Lake: 1

Construction Status

Construction Complete: 1

Project Facilities

BBQ Pit/Grill: 1 Community Room: 1 Dumpster: 1 Gated Community: 1 Laundry: 1 Pavillion/Gazebo: 1 Pets Allowed: 1 Pickle Ball: 1 Picnic Area: 1 Pool: 1 Short Term Rental - Allowed: 1 Tennis: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Exterior

Balcony: 1 Pool - In-Ground: 1

Interior

Floor Tile: 1 Furnished - All: 1 Owner's Closet: 1 Pantry: 1 Renovated: 1 Window Treatment All: 1

Appliances

Dishwasher: 1 Refrigerator W/IceMk: 1 Stove/Oven Electric: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Water Heater - Elect: 1

Bedroom

First: 1

Living Room

First: 1

Full Bathroom

First: 1

Rooms

Balcony: 1 Bedroom: 1 Bunk Room: 1 Full Bathroom: 1 Living Room: 1 Master Bathroom: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Insurance: 1 Trash: 1 Water: 1

Status Change Info

Status: Active

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

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

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