Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$268,000 Just Listed

  • For Sale
  • Active
  • Condo / Townhouse
  • 1 Bed
  • 1 Full Bath
  • 830 Sq. Ft.
  • Updated 4 days ago
See This Home
Save This Home
See This Home
Save This Home
ATTENTION INVESTORS! High-performing 1 bed, 1 bath condominium in Destin, Florida generating approximately $42,000 in annual rental income. This unit consistently outperforms comparable properties in the area, demonstrating exceptional demand and proven success. A detailed income report for the past four years is available, highlighting its strong and reliable revenue history.This condo is being sold turn-key and ready for short-term rentals, making it an excellent investment opportunity or a perfect place to call home. This unit is being sold fully furnished with everything shown in the listing and is ready to move in or immediately start short-term rentals. The condo has been completely renovated, featuring: New electrical wiring and water lines. New HVAC system and ductwork. New water heater. New sheetrock with blown insulation. New sliding patio door. Enjoy excellent community amenities including outdoor pools, tennis courts, BBQ areas, and a pavilion/gazebo. This is a great investment opportunity with strong income potential in a prime beach location or a perfect place to live. Disclaimer: All measurements to be verified by buyer.

Full Property Details for 4000 Gulf Terrace Dr #286

General

  • Price: $268,000
  • Taxes: $1,915 (2025)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 993789
  • Updated: 1/26/2026
  • Added to Site: 4 day(s) ago

Interior

  • Rooms/Areas: Balcony, Bedroom, Living Room
  • Interior Features: Floor Vinyl, Furnished - All, Kitchen Island, Renovated
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Smoke Detector, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Living Room: Living Room

Additional Information

  • Shared Amenities: Dumpster, Gated Community, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Pool, Short Term Rental - Allowed, Tennis, TV Cable
  • Pool: Yes

Exterior

  • Exterior Features: Balcony
  • Patio/Balcony: Balcony

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, Water Heater - Elect

Utilities

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

Structural Information

  • Construction: Roof Metal, Siding Vinyl, Stucco
  • Stories/Levels: 0
  • Square Feet: 830
  • Sq. Ft. Source: Agent-Measured
  • Year Built: 1973

Unit Information

  • Units in Building: 8

Lot Features

  • Property View: Lake

Financial Considerations

  • Assessment Amount: $601
  • Assmt Payment Freq: Monthly
  • Tax Amount: $1,915
  • Tax Year: 2025
  • Terms: Conventional, FHA

Disclosures and Reports

  • Legal Description: GULF TERRACE TWO UNIT 286
  • Assessment: Yes
  • APN: 00-2S-22-0000-0286

Listed by BodiuRealty LLC

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 4000 Gulf Terrace Dr #286 —

  • BodiuRealty 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 #286 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/26/2026
Listed
$268,000
275.88%
MLS
11/02/2022
Sold
$71,300
—
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 #286

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,954
-18%
$165,000
-18%
2024
$2,369
-3%
$200,000
-2%
2023
$2,449
105%
$205,000
114%
2021
$1,192
-15%
$96,000
-26%
2022
$1,409
18%
$130,000
62%
2021
$1,192
23%
$80,000
10%
2019
$967
14%
$72,600
10%
2018
$847
8%
$66,000
10%
2017
$784
8%
$60,000
5%
2016
$728
10%
$57,000
14%
2015
$662
7%
$50,000
9%
2014
$617
7%
$46,000
8%
2013
$575
—
$42,500
—
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 #286

$
Down Payment
%
$
%

$
$
$

*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

Get Pre-Approved

Listed by BodiuRealty LLC

Just Listed near 4000 Gulf Terrace Dr #286

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

27 Poquito Rd, Shalimar, FL 32579 - Photo 1 Just Listed
$860,000
Open House

27 Poquito Rd  Shalimar, FL 32579

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,488
    Sq. Ft.
228 Lafitte Cres, Fort Walton Beach, FL 32547 - Photo 1 Just Listed
$1,850,000

228 Lafitte Cres  Fort Walton Beach, FL 32547

  • Single Family
  • Active
  • Updated 1 day ago
  • 6
    Beds
  • 4
    Total Baths
  • 4,142
    Sq. Ft.
Listed by Vinnie Chulk (850) 585-5526
1326 SE Miracle Strip Parkway SE, Fort Walton Beach, FL 32548 - Photo 1 Just Listed
$664,000

1326 SE Miracle Strip Parkway SE  #306  Fort Walton Beach, FL 32548

  • Condo / Townhouse
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,568
    Sq. Ft.
Listed by Melinda Vazquez (850) 855-3307
631 Virginia Oak Ct, Fort Walton Beach, FL 32548 - Photo 1 Just Listed
$250,000

631 Virginia Oak Ct  Fort Walton Beach, FL 32548

  • Townhouse
  • Active
  • Updated 14 hours ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,107
    Sq. Ft.
Listed by Jordan Pehowic (850) 612-2824 and Brittany Isham (513) 335-9233

Price Reduced near 4000 Gulf Terrace Dr #286

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

57 5th St, Shalimar, FL 32579 - Photo 1 Price Reduced
-$10,000 (-1.92%)
$510,000

57 5th St  Shalimar, FL 32579

  • Single Family
  • Active
  • Updated 6 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,206
    Sq. Ft.
Listed by Jessica Kelly (850) 860-3832
2812 Lee Trevino Ct, Shalimar, FL 32579 - Photo 1 Price Reduced
-$1,000 (-0.22%)
$446,900

2812 Lee Trevino Ct  Shalimar, FL 32579

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,147
    Sq. Ft.
105 Post Oak Pl, Shalimar, FL 32579 - Photo 1 Price Reduced
-$10,000 (-2.94%)
$329,900

105 Post Oak Pl  Shalimar, FL 32579

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,424
    Sq. Ft.
855 Mande Ct, Shalimar, FL 32579 - Photo 1 Price Reduced
-$6,400 (-1.4%)
$449,500

855 Mande Ct  Shalimar, FL 32579

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,243
    Sq. Ft.

Recent Sales near 4000 Gulf Terrace Dr #286

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

34 Heron's Watch Way, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$300,000

34 Heron's Watch Way  #UNIT 5103  Santa Rosa Beach, FL 32459

  • Condo / Townhouse
  • Closed
  • 2
    Beds
  • 2
    Total Baths
  • 940
    Sq. Ft.
3799 E County Hwy 30A E, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$255,000

3799 E County Hwy 30A E  #F-6  Santa Rosa Beach, FL 32459

  • Condo / Townhouse
  • Closed
  • 1
    Bed
  • 1
    Total Bath
  • 640
    Sq. Ft.
3799 E County Hwy 30A E, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$240,000

3799 E County Hwy 30A E  ## H-8  Santa Rosa Beach, FL 32459

  • Condo / Townhouse
  • Closed
  • 1
    Bed
  • 1
    Total Bath
  • 640
    Sq. Ft.
231 Somerset Bridge Rd, Santa Rosa Beach, FL 32459 - Photo 1 Sold
$248,000

231 Somerset Bridge Rd  ##2107  Santa Rosa Beach, FL 32459

  • Condo / Townhouse
  • Closed
  • 2
    Beds
  • 1
    Total Bath
  • 784
    Sq. Ft.

4000 Gulf Terrace Drive #286, Destin, FL 32541 (MLS# 993789) is a Condo / Townhouse property with 1 bedroom and 1 full bathroom. 4000 Gulf Terrace Drive #286 is currently listed for $268,000 and was received on January 26, 2026. Want to learn more about 4000 Gulf Terrace Drive #286? 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.

Tour this property