4635 Gulfstarr Drive, Destin, FL 32541 - Photo 1

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$3,500,900

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Active
Commercial

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Property Description

ATTENTION INVESTORS 6.4% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical/Professional office building located in the heart of Destin! Its prime corner location w/a traffic light, provides easy accessibility & significant visibility from the 60,000+ vehicles passing daily along Hwy 98. The corner site also contains a highly visible large marquee sign. Strategically located less than a mile from The Destin Commons, Whole Foods, restaurants & businesses, this professional Office building is fully leased & generates $347,884 annual income & High quality finishes & architectural appeal accent 15,000+ SF Class A office space. 224K Estimated 2025 NOI with 6.4 CAP. The month to month Tenant could vacate if Buyer wants to occupy. Inquire to schedule a private showing.

Full Property Details

Full Property Details for 4635 Gulfstarr Dr

General

Price: $3,500,900
Status: Active
Type: Commercial
Source: Emerald_Coast
MLS ID: 969488
Updated: 4/13/2026
Added to Site: 370 day(s) ago

Location

Area: 14 - Destin
County: Okaloosa
Driving Directions: From HWY 98, Turn South at the traffic light onto Regatta Bay Blvd. Take the 1st Left onto Gulfstarr Dr. & immediate Left into the Parking Lot. Property is located on the Corner of Gulfstarr Dr. & Regatta Bay Blvd. with frontage on HWY 98.

Lot Features

Lot Size (Acres): 1.1
Lot Size (Sq. Ft.): 47,916
Lot Dimensions: 100 x 250 x 82 x 250

Disclosures and Reports

Legal Description: SUNSAIL PLAZA S/D LOT 1
APN: 00-2S-22-2380-0000-0010
Property ID: 00-2S-22-2380-0000-0010

Listed by RE/MAX Coastal Properties

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Schools

Schools serving 4635 Gulfstarr Dr

School District:Okaloosa County School District

Name	Grades	Distance
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541	5-8	1 mi
Destin Elementary School 630 Kelly Street, Destin, FL 32541	PK-4	4.7 mi
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548	9-12	13.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4635 Gulfstarr Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/13/2026

Price Reduced

$3,500,900

-6.4%

MLS

1/06/2026

Price Reduced

$3,740,200

-4.68%

MLS

11/12/2025

Price Reduced

$3,924,000

-7.1%

MLS

2/25/2025

Listed

$4,224,000

—

MLS

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

Tax History for 4635 Gulfstarr Dr

Year

Property Taxes

Change

Tax Assessment

Change

2025

$24,297

—

$2,051,500

—

2024

$24,303

-1%

$2,051,500

—

2023

$24,508

-4%

$2,051,500

—

2021

$25,476

3%

$2,051,500

—

2022

$24,722

-3%

$2,051,500

100%

2021

$25,476

—

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 4635 Gulfstarr Dr

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4635 Gulfstarr Drive, Destin, FL 32541 (MLS# 969488) is a Commercial property. 4635 Gulfstarr Drive is currently listed for $3,500,900 and was received on April 10, 2025. Want to learn more about 4635 Gulfstarr Drive? Do you have questions about finding other Commercial real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

4635 Gulfstarr Dr Destin, FL 32541