Skip main navigation
For sale
  • $240,000

    4000 Gulf Terrace Dr UNIT 112, Destin, FL 32541

    2beds
    982sqft
    : 
    Condominium
    Built in 1973
    -- sqft lot
    $225,600 Zestimate®
    $244/sqft
    $625/mo HOA

    What's special

    Gated entrancesClubhouse for ownersBoat parkingOn-site laundry facilityLow maintenance
    Prime Investment Opportunity: Destin 2BR 1BA Condominium. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. Though it requires upgrades, this unit promises great returns in the sought-after Destin market. It is part of the most affordable complex to own in Destin. All offers are welcome! No Flood Zone!Community Features: gated entrances from HWY 98 and Airport Rd,Access to 3 swimming pools, including one heated, Tennis/pickleball court, EV and a clubhouse for owners. HOA Coverage: The monthly fee covers building insurance and exterior maintenance, water, internet, sewer, trash, landscaping, and maintenance of pools and gates, ensuring low maintenance for the homeowner. See More Section Seller's Motivations and Additional Property Features: The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity. Never having occupied the property, the seller has consistently rented it long-term, evidencing its strong rental potential. The complex offers convenient boat parking exclusively for owners at a minimal monthly fee, catering to those who love boating adventures. Additionally, the on-site laundry facility is undergoing a remodel to enhance its modern look and efficiency. Located just 0.7 miles from public beach access, this property positions residents right across the street from the Gulf of America. This condominium is in close proximity to popular attractions such as the Morgan Sportsplex, The Track, Big Kahuna Waterpark, and the Sun Destin Hotel featuring the PhatFish Restaurant. These nearby destinations add significant appeal for both residents and potential renters. Within the complex, you'll find Quail Lake, a recently stocked catch-and-release natural aquifer, perfect for leisurely fishing and relaxation.
    184 days
    on Zillow
    |
    431
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 30, 2025 at 07:43am

    Listed by:

    Alina Jackson 850-533-7885,

    Waves of the Emerald Coast Realty LLC

    Source: ECAOR,MLS#: 968843MLS LogoOriginating MLS: Emerald Coast
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 4000 Gulf Terrace Dr UNIT 112.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Electric, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Electric Range, Electric Water Heater
    • Laundry: Common Area
    Features
    • Breakfast Bar, Pantry, Bedroom, Kitchen, Living Room
    • Flooring: Tile, Carpet
    Interior area
    • Total structure area: 982
    • Total interior livable area: 982 sqft

    Property

    Features
    • Patio & porch: Patio Covered
    • Exterior features: Barbecue, Sprinkler System, Tennis Court(s), BBQ Pit/Grill, Dumpster, Tennis
    • Pool features: Community, In Ground
    • Waterfront features: Waterfront
    Details
    • Additional structures: Pavillion/Gazebo
    • Parcel number: 002S22109501120000

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block, Frame, Vinyl Siding
    • Roof: Flat,Metal
    Condition
    • Construction Complete
    • Year built: 1973

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Connected

    Community & HOA

    Community
    • Features: Community Room, Gated, Pool, TV Cable
    • Subdivision: Gulf Terrace Condo
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds, Insurance, Internet, Management, Utilities, Sewer, Trash, Water
    • HOA fee: $625 monthly
    Location
    • Region: Destin

    Financial & listing details

    • Price per square foot: $244/sqft
    • Tax assessed value: $230,000
    • Annual tax amount: $2,568
    • Date on market: 2/18/2025
    • Listing terms: Conventional
    • Lease term: 7 - 12 Months
    • Total actual rent: 1850
    • Electric utility on property: Yes
    • Loading
    • Loading