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$271,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 2 Beds
  • 2 Full Baths
  • 738 Sq. Ft.
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2 FULL BATHROOMS! Large Bedroom & a bunk room. Sleeps more & costs less! Turn-key investment opportunity in the heart of Destin! This fully furnished condo features a cozy master bedroom with a spacious en suite bathroom, a separate bunk room, and a second full bathroom! Enjoy high end updates, quality appliances, & stylish finishes throughout. Step onto your private balcony to watch the sunset! Located in a gated community offering 3 swimming pools, a pickleball/tennis court, EV charging, & a clubhouse for owners!! Gulf Terrace is also pet friendly! Fur babies welcome! Just minutes from Destin's best beaches, dining, and attractions. Proven income producing short term rental, this location is a fan favorite!! A perfect vacation home and investment property in one.

Full Property Details for 4000 Gulf Terrace Dr #228

General

  • Price: $271,000
  • Taxes: $2,369 (2024)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 981383
  • Updated: 1/16/2026
  • Added to Site: 224 day(s) ago

Interior

  • Rooms/Areas: Balcony, Bedroom, Bunk Room, Full Bathroom, Living Room, Master Bathroom
  • Interior Features: Floor Tile, Furnished - All, Owner's Closet, Pantry, Renovated, Window Treatment All
  • Appliances: Dishwasher, Refrigerator W/IceMk, Stove/Oven Electric

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Living Room: Living Room

Additional Information

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

Exterior

  • Exterior Features: Balcony, Pool - In-Ground
  • Patio/Balcony: Balcony

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Gulf Terrace Condo
  • Driving Directions: Turn left from Miracle Strip Pkwy before Waffle House. Continue through Gulf Terrace gate and turn right, drive straight until reaching building 7.

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: Electric, Public Sewer, Public Water, TV Cable

Structural Information

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

Water Features

  • Water Front Type: Lake

Financial Considerations

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

Disclosures and Reports

  • Legal Description: GULF TERRACE UNIT 228
  • Assessment: Yes
  • APN: 00-2S-22-1095-0228-0000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 4000 Gulf Terrace Dr #228 —

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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

Get Pre-Approved

Schools serving 4000 Gulf Terrace Dr #228

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 #228 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$271,000
-0.37%
MLS
9/26/2025
Price Reduced
$272,000
-2.16%
MLS
8/22/2025
Price Reduced
$278,000
-2.46%
MLS
7/21/2025
Listed
$285,000
24.45%
MLS
10/29/2021
Sold
$229,000
—
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 #228

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,563
-34%
$132,000
-34%
2024
$2,369
-2%
$200,000
-2%
2023
$2,418
119%
$205,000
119%
2021
$1,106
-50%
$93,500
-49%
2022
$2,193
98%
$182,000
127%
2021
$1,106
16%
$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.

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4000 Gulf Terrace Drive #228, Destin, FL 32541 (MLS# 981383) is a Condo / Townhouse property with 2 bedrooms and 2 full bathrooms. 4000 Gulf Terrace Drive #228 is currently listed for $271,000 and was received on July 21, 2025. This property is listed by Megan Tate from our Fort Walton Beach Office.Want to learn more about 4000 Gulf Terrace Drive #228? 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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