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$285,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 2 Beds
  • 1 Full Bath
  • 1,050 Sq. Ft.
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Last appraised for $314,000 in 2022! This property is a rental machine. Lots of raving reviews and lots of potential to be unlocked. This 2-bedroom condo is located on the ground level no stairs. It has its own full-sized washer and dryer, plus a community laundry room. Property is gated, centrally located, offers swimming pools, tennis courts, pond views and community laundry. You can self-manage in Gulf Terrace as well. Inside this condo, you have loads of upgrades to include tile flooring, new lights/fixtures, accent walls, updated kitchen and appliances and more.

Full Property Details for 4000 Gulf Terrace Dr #122

General

  • Price: $285,000
  • Taxes: $2,615 (2024)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 978927
  • Updated: 1/2/2026
  • Added to Site: 215 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Kitchen, Living Room
  • Interior Features: Built-In Bookcases, Floor Tile, Furnished - All, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Short Term Rental - Allowed, Tennis, Waterfront
  • Pool: Yes

Exterior

  • Exterior Features: Patio Covered, Sprinkler System

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Gulf Terrace Condo
  • Driving Directions: From 98 Turn into Gulf Terrace

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin

Heating & Cooling

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

Utilities

  • Utility Description: Public Sewer, Public Water

Structural Information

  • Stories/Levels: 0
  • Stories in Building: 2
  • Square Feet: 1,050
  • Sq. Ft. Source: County PA Records
  • Year Built: 1973

Unit Information

  • Units in Building: 8

Financial Considerations

  • Assessment Amount: $628
  • Assmt Payment Freq: Monthly
  • Tax Amount: $2,615
  • Tax Year: 2024
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: GULF TERRACE UNIT 122
  • Assessment: Yes
  • APN: 00-2S-22-1095-0122-0000

Listed by Equity & Trust Realty Inc

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Listing agent

— 4000 Gulf Terrace Dr #122 —

  • Equity & Trust Realty Inc

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

Schools serving 4000 Gulf Terrace Dr #122

School District:Okaloosa County School District
NameGradesDistance
Destin Elementary School
630 Kelly Street, Destin, FL 32541
PK-41.8 mi
Destin Middle School
4608 Legendary Marina Drive, Destin, FL 32541
5-82.5 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-1210.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4000 Gulf Terrace Dr #122 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/21/2025
Price Reduced
$285,000
-5%
MLS
6/16/2025
Listed
$300,000
—
MLS
10/18/2022
Sold
$300,000
—
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 #122

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,546
-7%
$215,000
-7%
2024
$2,725
-7%
$230,000
-6%
2023
$2,927
126%
$245,000
123%
2021
$1,295
-16%
$110,000
-14%
2022
$1,536
19%
$127,500
42%
2021
$1,295
20%
$90,000
6%
2019
$1,078
12%
$85,000
13%
2018
$963
2%
$75,000
4%
2017
$941
4%
$72,000
3%
2016
$905
8%
$70,000
11%
2015
$835
6%
$63,000
7%
2014
$791
6%
$59,000
7%
2013
$744
—
$55,000
—
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 #122

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Equity & Trust Realty Inc

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Listed by Haroula Turner

4000 Gulf Terrace Drive #122, Destin, FL 32541 (MLS# 978927) is a Condo / Townhouse property with 2 bedrooms and 1 full bathroom. 4000 Gulf Terrace Drive #122 is currently listed for $285,000 and was received on June 16, 2025. Want to learn more about 4000 Gulf Terrace Drive #122? 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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