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$194,000 -$5,900 (-2.95%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 738 Sq. Ft.
  • Updated 2 days ago
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Turnkey Investment Opportunity! This beautifully updated 1-bedroom condo comfortably sleeps up to 6 guests and is ideally located in the heart of the area, just minutes from sugar-white beaches, popular restaurants, shopping, and local attractions. Situated on the ground floor for easy access, this well-maintained unit offers convenience and comfort for both owners and guests. Inside, you'll find tasteful coastal décor, stainless steel appliances, a flat-surface stove, and an updated shower/tub combination that adds a modern touch. The open layout maximizes space and functionality, making it an ideal vacation retreat or income-producing rental property. Resort-style amenities include multiple swimming pools, tennis courts, a scenic lake, grilling areas, and beautifully maintained grounds. Whether relaxing by the pool, enjoying outdoor activities, or exploring the nearby beaches and entertainment, guests have everything they need for an unforgettable stay. With a strong rental history and excellent location, this condo is the perfect choice for investors, second-home buyers, or anyone seeking an affordable beach getaway with exceptional earning potential.

Full Property Details for 4000 Gulf Terrace Dr #187

General

  • Price: $194,000
  • Taxes: $1,500 (2025)
  • Status: Active
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 1004965
  • Updated: 7/1/2026
  • Added to Site: 26 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, Pickle Ball, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable

Interior

  • Number of Rooms: 3
  • Interior Features: Fireplace
  • Appliances: Dishwasher, Dryer, Refrigerator, Smooth Stovetop Rnge, Washer, Water Heater - Elect
  • Furnishings: Furnished - All

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

Exterior

  • Porch/Patio/Deck: Patio Covered, Porch Open

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: GULF TERRACE CONDO
  • Driving Directions: There are two entrances to Gulf Terrace. One on Hwy 98 and the other on Airport Rd. From Airport Dr turn into Gulf Terrace dr. You will need a gate code. Proceed to building 27, Unit 614

School Information

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

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Ground Keeping, Legal, Management, Master Association, Other Utilities, Security, Water, Cable TV, Trash

Heating & Cooling

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

Utilities

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

Structural Information

  • Stories/Levels: 2
  • Square Feet: 738
  • Sq. Ft. Source: County PA Records
  • Year Built: 1973

Financial Considerations

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

Disclosures and Reports

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

Listed by EXP Realty LLC

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Listing agents

— 4000 Gulf Terrace Dr #187 —

  • EXP Realty LLC

  • EXP Realty LLC

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
7/01/2026
Price Reduced
$194,000
-2.95%
MLS
6/08/2026
Listed
$199,900
-36.94%
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 EXP Realty LLC

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4000 Gulf Terrace Drive #187, Destin, FL 32541 (MLS# 1004965) is a Condo property with 1 bedroom and 1 full bathroom. 4000 Gulf Terrace Drive #187 is currently listed for $194,000 and was received on June 08, 2026. Want to learn more about 4000 Gulf Terrace Drive #187? 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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