4000 Gulf Terrace Drive 286, Destin, FL 32541 (MLS# 993789)

4000 Gulf Terrace Drive 286, Destin, FL 32541

$268,000

Virtual Tour

https://drive.google.com/file/d/1REj57zB56ETQKqKYva6YaXpfYwPnEj1Y/view?usp=sharing

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 830 Status: Active

Current Price: $268,000 List Date: 1/27/2026 Last Modified: 1/28/2026

Description

ATTENTION INVESTORS! High-performing 1 bed, 1 bath condominium in Destin, Florida generating approximately $42,000 in annual rental income. This unit consistently outperforms comparable properties in the area, demonstrating exceptional demand and proven success. A detailed income report for the past four years is available, highlighting its strong and reliable revenue history. This condo is being sold turn-key and ready for short-term rentals, making it an excellent investment opportunity or a perfect place to call home. This unit is being sold fully furnished with everything shown in the listing and is ready to move in or immediately start short-term rentals.

Supplements: The condo has been completely renovated, featuring: New electrical wiring and water lines. New HVAC system and ductwork. New water heater. New sheetrock with blown insulation. New sliding patio door. Enjoy excellent community amenities including outdoor pools, tennis courts, BBQ areas, and a pavilion/gazebo. This is a great investment opportunity with strong income potential in a prime beach location or a perfect place to live. Disclaimer: All measurements to be verified by buyer.

More Information MLS# 993789

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 322.89 List Date: 2026-01-26 Current Price: $268,000 List Price: $268,000

Location, Tax and Legal

Unit #: 286 Sub Area: 1403 - Destin Northwest Elementary School: Destin Middle School: Destin High School: Destin Legal Description: GULF TERRACE TWO UNIT 286

General Property Info

Sub-Type: Condominium Design: N/A SqFt Source: Agent-Measured Stories In Unit: 2 # of Units in Bldg: 8 Unit Floors Above Ground: 2 Immediate Occupancy: No Garage: No Carport: No Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 830 Bedrooms: 1 Full Baths: 1 Total Bathrooms: 1 Year Built: 1973

Listing Info, Tax & Legal

Homestead: No 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: 150 New Buyer Fee Paid: $ Last Taxes: 1915.11 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: ATTENTION INVESTORS! High-performing 1 bed, 1 bath condominium in Destin, Florida generating approximately $42,000 in annual rental income. This unit consistently outperforms comparable properties in the area, demonstrating exceptional demand and proven success. A detailed income report for the past four years is available, highlighting its strong and reliable revenue history. This condo is being sold turn-key and ready for short-term rentals, making it an excellent investment opportunity or a perfect place to call home. This unit is being sold fully furnished with everything shown in the listing and is ready to move in or immediately start short-term rentals.

Construction Status

Construction Complete: 1

Waterview

Lake: 1

Project Facilities

Dumpster: 1 Gated Community: 1 Pavillion/Gazebo: 1 Pets Allowed: 1 Pickle Ball: 1 Picnic Area: 1 Pool: 1 Short Term Rental - Allowed: 1 Tennis: 1 TV Cable: 1

Construction/Siding

Roof Metal: 1 Siding Vinyl: 1 Stucco: 1

Utilities

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

Exterior

Balcony: 1

Interior

Floor Vinyl: 1 Furnished - All: 1 Kitchen Island: 1 Renovated: 1

Financing

Conventional: 1 FHA: 1

Appliances

Cooktop: 1 Dishwasher: 1 Dryer: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Smoke Detector: 1 Washer: 1

Energy

AC - Central Elect: 1 Water Heater - Elect: 1

Bedroom

First: 1

Living Room

First: 1

Rooms

Balcony: 1 Bedroom: 1 Living Room: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Internet Service: 1 Legal: 1 Management: 1 Master Association: 1 Sewer: 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-22-0000-0286

Property Features

Construction Status: Construction Complete Waterview: Lake Project Facilities: Dumpster; Gated Community; Pavillion/Gazebo; Pets Allowed; Pickle Ball; Picnic Area; Pool; Short Term Rental - Allowed; Tennis; TV Cable Exterior: Balcony Interior: Floor Vinyl; Furnished - All; Kitchen Island; Renovated Appliances: Cooktop; Dishwasher; Dryer; Microwave; Range Hood; Refrigerator; Smoke Detector; Washer Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Water Heater - Elect Bedroom: First Living Room: First Rooms: Balcony; Bedroom; Living Room Financing: Conventional; FHA Fees Include: Accounting; Ground Keeping; Internet Service; Legal; Management; Master Association; Trash; Water

Room Information

Living Room Level: First Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Dimensions: 14 x 12 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Balcony Level: First Dimensions: 22 x 5 Length: 22.00 Width: 5.00 Dimensions: 22 x 5

Listing Office: BodiuRealty LLC

Last Updated: January - 28 - 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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