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$255,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 830 Sq. Ft.
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Highly motivated seller -- bring your offers! High-performing 1 bed, 1 bath condominium in Destin, Florida generating a consistant and profitable annual rental income for the past 4 years. 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 condominium is offered turnkey and is already generating consistent monthly income with active rental bookings in place, making it an outstanding investment opportunity or an ideal primary or secondary residence. The unit is being sold fully furnished, including all items shown in the listing, and is completely move-in ready or prepared to continue operating immediately as a short-term rental. Everything is new from Electrical wiring, HVAC system,Sheetrock, Water Heater, Slididing door and Insulation . Disclaimer: All measurements to be verified by buyer.

Full Property Details for 4000 Gulf Terrace Dr #286

General

  • Price: $255,000
  • Taxes: $1,915 (2025)
  • Status: Pending
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 993789
  • Updated: 4/13/2026
  • Added to Site: 111 day(s) ago

Rental Information

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

Interior

  • Number of Rooms: 3
  • Interior Features: Kitchen Island
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Smoke Detector, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

Exterior

  • Exterior Features: 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

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Ground Keeping, Internet Service, Legal, Management, Master Association, Sewer, Water, Trash

Heating & Cooling

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

Utilities

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

Structural Information

  • Construction: Siding Vinyl, Stucco
  • Exterior Const.: Siding Vinyl, Stucco
  • Square Feet: 830
  • Sq. Ft. Source: Agent-Measured
  • Year Built: 1973

Lot Features

  • Property View: Lake

Water Features

  • Water View: Yes

Financial Considerations

  • Assessment Amount: $601
  • Tax Amount: $1,915.11
  • Tax Year: 2025

Disclosures and Reports

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

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
4/13/2026
Price Reduced
$255,000
-4.85%
MLS
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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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 property with 1 bedroom and 1 full bathroom. 4000 Gulf Terrace Drive #286 is currently listed for $255,000 and was received on January 27, 2026. Want to learn more about 4000 Gulf Terrace Drive #286? 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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