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$268,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 1 Bed
  • 1 Full Bath
  • 830 Sq. Ft.
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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: 64 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

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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

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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.

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Listed by BodiuRealty LLC

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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.

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