Affordable Destin Condo with Low HOA and Central Location. One of the few properties where All Rental types are Allowed and Pets. Primary Residence or Investment Property. Lake views right from your living room! Condo is situated on the ground floor for easy access. Granite Countertops, New HVAC and Water Heater, Tile Floors throughout, New Paint, Washer/Dryer Hook Ups in the unit. Gulf Terrace Complex is a gated community, free parking, pets are allowed and resort like amenities, 3 new swimming pools, lake, tennis / pickle ball court, homeowners club house. Centrally located to all Destin's attractions, restaurants, shopping, entertainment, beach access 0.8 miles away. All measurements are approximate and to be verified by buyer. All information to be verified by buyer. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. 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 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.
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.
For sale
$229,000
4000 Gulf Terrace Dr UNIT 137, Destin, FL 32541
1beds
738sqft
Est.:
Condominium
Built in 1973
-- sqft lot
$-- Zestimate®
$310/sqft
$523/mo HOA
What's special
Public beach accessSerene lake viewsNew paintGranite countertopsGround floor
- 329 days
- on Zillow |
- 278 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 02:28pm
Listed by:
Alina Jackson 850-533-7885,
Waves of the Emerald Coast Realty LLC
Source: ECAOR,MLS#: 953955
Originating MLS: Emerald Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: MBed First Floor
Bedroom
- Level: First
Primary bathroom
- Features: MBath Tile
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Microwave, Self Cleaning Oven, Refrigerator, Electric Range, Electric Water Heater
- Laundry: Washer/Dryer Hookup, Common Area
Features
- Breakfast Bar, Newly Painted, Owner's Closet, Pantry, Bedroom, Kitchen, Living Room
- Flooring: Tile
Interior area
- Total structure area: 738
- Total interior livable area: 738 sqft
Property
Features
- Exterior features: Barbecue, Sprinkler System, BBQ Pit/Grill, Dumpster, Tennis
- Pool features: Community
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront
Details
- Additional structures: Pavillion/Gazebo
- Parcel number: 002S22109501370000
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Frame, Vinyl Siding, Trim Vinyl
- Roof: Flat,Metal,Roof Shingle/Shake
Condition
- Construction Complete
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Other, Cable Connected
Community & HOA
Community
- Features: Community Room, Gated, Pickleball, Picnic Area, Pool, TV Cable
- Subdivision: Gulf Terrace Condo
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Insurance, Internet, Sewer, Trash, Water
- HOA fee: $523 monthly
Location
- Region: Destin
Financial & listing details
- Price per square foot: $310/sqft
- Tax assessed value: $205,000
- Annual tax amount: $1,812
- Date on market: 9/14/2024
- Listing terms: Conventional
- Lease term: Month To Month
- Electric utility on property: Yes
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