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$199,900

  • For Sale
  • Active
  • Condo
  • 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: $199,900
  • Taxes: $1,500 (2025)
  • Status: Active
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 987827
  • Updated: 4/17/2026
  • Added to Site: 46 day(s) ago

Rental Information

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

Interior

  • Number of Rooms: 6
  • Interior Features: Breakfast Bar, Newly Painted, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Laminate

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

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

Community

  • Association: Yes
  • Assoc. Fees Include: Ground Keeping, Sewer, Water, Cable TV, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans, Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Ceiling Fans, Central Air

Utilities

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

Structural Information

  • Construction: Block
  • Exterior Const.: Block
  • Stories/Levels: 2
  • Square Feet: 810
  • Sq. Ft. Source: Appraiser
  • Year Built: 1989

Financial Considerations

  • Assessment Amount: $601
  • Tax Amount: $1,500.82
  • Tax Year: 2025

Disclosures and Reports

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

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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

Date
Details
Price
Change
Source
4/17/2026
Price Reduced
$199,900
-2.49%
MLS
10/18/2025
Listed
$205,000
42.36%
MLS
3/31/2021
Sold
$144,000
—
Public Record
Get Price Alerts and Save Property
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.

Estimate the Cost for 4000 Gulf Terrace Dr #116

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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 property with 1 bedroom and 1 full bathroom. 4000 Gulf Terrace Drive #116 is currently listed for $199,900 and was received on April 01, 2026. Want to learn more about 4000 Gulf Terrace Drive #116? Do you have questions about finding other Condo 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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