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$229,900

  • For Sale
  • Active
  • Condo / Townhouse
  • 1 Bed
  • 1 Full Bath
  • 738 Sq. Ft.
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Gulf Terrace is in the beautiful city of Destin. Conveniently located within minutes of shopping, tourist attractions, and popular local restaurants. This condo can sleep up to 6 guests.This unit features beautiful LVP flooring throughout, new modern appliances, and updated countertops. The bathroom has been refreshed with a sleek, modern feel, including a new bath and shower. The original oak cabinets have been thoughtfully preserved, adding a touch of warmth and character to the contemporary updates.

Full Property Details for 4000 Gulf Terrace Dr #187

General

  • Price: $229,900
  • Taxes: $2,369 (2024)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 988605
  • Updated: 12/9/2025
  • Added to Site: 80 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Kitchen, Living Room
  • Interior Features: Fireplace, Furnished - All
  • Appliances: Dishwasher, Dryer, Refrigerator, Smooth Stovetop Rnge, 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: Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Pool, Short Term Rental - Allowed, Tennis, TV Cable
  • Pool: Yes

Exterior

  • Exterior Features: Patio Covered, Porch Open, Renovated

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Gulf Terrace Condo
  • Driving Directions: Highway 98, East. Turn north onto Gulf Terrace Drive. Entrance is west of Airport Road. GATE CODE NEEDED

School Information

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

Heating & Cooling

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

Utilities

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

Structural Information

  • Stories/Levels: 0
  • Square Feet: 738
  • Sq. Ft. Source: County PA Records
  • Year Built: 1973

Unit Information

  • Units in Building: 4

Financial Considerations

  • Assessment Amount: $601
  • Assmt Payment Freq: Monthly
  • Tax Amount: $2,369
  • Tax Year: 2024
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: GULF TERRACE TWO UNIT 187
  • Assessment: Yes
  • APN: 00-2S-22-1095-0000-0187

Listed by ERA American Real Estate

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Listing agent

— 4000 Gulf Terrace Dr #187 —

  • 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 #187 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/07/2025
Price Reduced
$229,900
-16.37%
MLS
10/29/2025
Listed
$274,900
-13.28%
MLS
9/02/2022
Sold
$317,000
—
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 #187

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,563
-34%
$132,000
-34%
2024
$2,369
-3%
$200,000
-2%
2023
$2,449
111%
$205,000
119%
2021
$1,161
-17%
$93,500
-28%
2022
$1,391
20%
$130,000
62%
2021
$1,161
22%
$80,000
14%
2019
$952
16%
$70,277
10%
2018
$821
7%
$63,888
8%
2017
$765
9%
$59,000
7%
2016
$701
10%
$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 #187

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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 #187, Destin, FL 32541 (MLS# 988605) is a Condo / Townhouse property with 1 bedroom and 1 full bathroom. 4000 Gulf Terrace Drive #187 is currently listed for $229,900 and was received on October 29, 2025. Want to learn more about 4000 Gulf Terrace Drive #187? 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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