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$344,900
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Property Description
2 Bedroom, 2 Full Bath Condominium in Gulf Terrace - Destin, FL Turnkey investment opportunity just minutes from the beach! This beautifully renovated condominium offers a short walk to Destin's white-sand beaches and is perfectly positioned for short-term rental income. Fully remodeled from top to bottom, the unit feels like new construction--featuring all-new electrical wiring, plumbing, HVAC system, sheetrock, insulation, water heater, and a new hurricane-rated patio sliding door. Every detail has been updated for durability, efficiency, and guest appeal. Sold fully furnished with all contents included, this unit is completely move-in ready or can continue operating immediately as a revenue-generating short-term rental. Disclaimer: All measurements to be verified by buyer.
Full Property Details
Full Property Details for 4000 Gulf Terrace Dr #278
General
- Price: $344,900
- Taxes: $2,202 (2025)
- Status: Active
- Type: Condo
- Source: Emerald_Coast
- MLS ID: 999967
- Updated: 4/13/2026
- Added to Site: 8 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
Interior
- Number of Rooms: 4
- Interior Features: Breakfast Bar, Owner's Closet, Pantry, Washer/Dryer Hookup
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
- Furnishings: Furnished - All
- Flooring: Floor Tile, Floor Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Pool: Yes
- Pool Description: Pool - In-Ground, Pool Type
Exterior
- Exterior Features: Rain Gutter, BBQ Pit/Grill, Sprinkler System, Tennis Court
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
Community
- Association: Yes
- Assoc. Fees Include: Ground Keeping, Insurance, Internet Service, Management, Other Utilities, Security, Sewer, Water, 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
Structural Information
- Construction: Block, Frame, Siding Vinyl
- Exterior Const.: Block, Frame, Siding Vinyl
- Stories/Levels: 2
- Square Feet: 982
- Sq. Ft. Source: Building Plan
- Year Built: 1973
Water Features
- Water Front: Yes
- Water Front Type: Lake
Financial Considerations
- Assessment Amount: $627
- Tax Amount: $2,202.37
- Tax Year: 2025
Disclosures and Reports
- Legal Description: GULF TERRACE TWO UNIT 278
- APN: 00-2S-22-1095-0000-0278
- Property ID: 00-2S-22-1095-0000-0278
Listed by BodiuRealty LLC
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Price & Sales History for 4000 Gulf Terrace Dr #278
Date
Details
Price
Change
Source
4/06/2026
Listed
$344,900
81.53%
MLS
4/09/2025
Sold
$190,000
—
Public Record
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
Tax History for 4000 Gulf Terrace Dr #278
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,202
-3%
$225,000
-2%
2024
$2,267
-1%
$230,000
—
2023
$2,287
72%
$230,000
99%
2021
$1,327
-17%
$115,500
-28%
2022
$1,597
20%
$160,000
78%
2021
$1,327
23%
$90,000
6%
2019
$1,078
9%
$85,000
10%
2018
$989
4%
$77,000
5%
2017
$954
1%
$73,000
—
2016
$946
8%
$73,000
11%
2015
$874
5%
$66,000
6%
2014
$831
6%
$62,000
7%
2013
$784
—
$58,000
—
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
Estimate the Cost for 4000 Gulf Terrace Dr #278
4000 Gulf Terrace Drive #278, Destin, FL 32541 (MLS# 999967) is a Condo property with 2 bedrooms and 2 full bathrooms. 4000 Gulf Terrace Drive #278 is currently listed for $344,900 and was received on April 06, 2026. Want to learn more about 4000 Gulf Terrace Drive #278? 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.
