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$205,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 1 Bed
  • 1 Full Bath
  • 810 Sq. Ft.
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Welcome to Gulf Terrace Condos in the heart of Destin! This beautifully remodeled first-floor, one-bedroom condo is being sold fully furnished, private laundry, and move-in ready. Renovated features, New kitchen cabinets, appliances, vanities, lighting, flooring, etc. Enjoy an open layout with modern finishes, perfect for a beach retreat or rental investment. Gulf Terrace is a gated community offering three sparkling pools, tennis, and clubhouse. Owners are welcome to bring their pets, making it ideal for full-time living or vacation stays. Just minutes from Henderson Beach State Park, sugar-white sand beaches, world-class shopping, and dining. Whether relaxing by the pool or exploring all Destin has to offer, this condo delivers the perfect blend of comfort and coastal lifestyle.

Full Property Details for 4000 Gulf Terrace Dr #116

General

  • Price: $205,000
  • Taxes: $1,500 (2025)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 987827
  • Updated: 10/18/2025
  • Added to Site: 91 day(s) ago

Interior

  • Rooms/Areas: Dining Area, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
  • Interior Features: Breakfast Bar, Floor Laminate, Furnished - All, Newly Painted, Renovated, Washer/Dryer Hookup, Window Treatment All
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Dumpster, Fishing, Gated Community, Pets Allowed, Pool, Short Term Rental - Allowed, Tennis, TV Cable
  • Pool: Yes

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Gulf Terrace Condo
  • Driving Directions: Highway 98, West of Airport Road, Entrance on the North side of highway 98. Second access off of Airport Road

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Fort Walton Beach

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect

Utilities

  • Utility Description: Electric, Public Sewer, Public Water, TV Cable

Structural Information

  • Construction: Block, Roof Metal
  • Stories/Levels: 0
  • Stories in Building: 2
  • Square Feet: 810
  • Sq. Ft. Source: Appraiser
  • Year Built: 1989

Unit Information

  • Units in Building: 4

Financial Considerations

  • Assessment Amount: $601
  • Assmt Payment Freq: Monthly
  • Tax Amount: $1,500
  • Tax Year: 2025
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: Gulf Terrace Unit 116
  • Assessment: Yes
  • APN: 00-2S-22-1095-0116-0000

Listed by ERA American Real Estate

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Listing agent

— 4000 Gulf Terrace Dr #116 —

  • ERA American Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 4000 Gulf Terrace Dr #116 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/18/2025
Listed
$205,000
42.36%
MLS
3/31/2021
Sold
$144,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4000 Gulf Terrace Dr #116

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,563
-25%
$132,000
-34%
2024
$2,093
2%
$200,000
-2%
2023
$2,048
85%
$205,000
119%
2021
$1,107
-29%
$93,500
-28%
2022
$1,567
42%
$130,000
62%
2021
$1,107
16%
$80,000
14%
2019
$953
16%
$70,400
10%
2018
$822
7%
$64,000
8%
2017
$771
8%
$59,000
7%
2016
$714
12%
$55,000
15%
2015
$636
8%
$48,000
9%
2014
$590
6%
$44,000
7%
2013
$554
—
$41,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by ERA American Real Estate

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4000 Gulf Terrace Drive #116, Destin, FL 32541 (MLS# 987827) is a Condo / Townhouse property with 1 bedroom and 1 full bathroom. 4000 Gulf Terrace Drive #116 is currently listed for $205,000 and was received on October 18, 2025. Want to learn more about 4000 Gulf Terrace Drive #116? Do you have questions about finding other Condo / Townhouse real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

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