Turn-key investment opportunity in the heart of Destin! This fully furnished 2 bed//2 bath condo features a cozy master bedroom with a spacious en suite bathroom, a separate bunk room, and a second full bathroom! Enjoy high end updates, quality appliances, & stylish finishes throughout. Step onto your private balcony to watch the sunset! Located in a gated community offering 3 swimming pools, a pickleball/tennis court, EV charging, & a clubhouse for owners!! Gulf Terrace is also pet friendly! Fur babies welcome! Just minutes from Destin's best beaches, dining, and attractions. Proven income producing short term rental, this location is a fan favorite!! A perfect vacation home and investment property in one.
For sale
$285,000
4000 Gulf Terrace Dr UNIT 228, Destin, FL 32541
2beds
738sqft
Est.:
Condominium
Built in 1973
-- sqft lot
$272,500 Zestimate®
$386/sqft
$523/mo HOA
What's special
Stylish finishesPrivate balconySpacious en suite bathroomHigh end updatesSeparate bunk roomQuality appliancesCozy master bedroom
- 17 days
- on Zillow |
- 1,652 |
- 75 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 04:11am
Listed by:
Megan Tate 850-228-4153,
Coldwell Banker Realty
Source: ECAOR,MLS#: 981383
Originating MLS: Emerald Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
Bathroom
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Refrigerator W/IceMk, Electric Range, Electric Water Heater
- Laundry: Common Area
Features
- Owner's Closet, Pantry, Renovated, Bedroom, Bunk Room, Full Bathroom, Living Room, Master Bathroom
- Flooring: Tile
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 738
- Total interior livable area: 738 sqft
Property
Features
- Stories: 2
- Exterior features: Balcony, BBQ Pit/Grill, Dumpster, Tennis
- Pool features: Community, In Ground
- Waterfront features: Lake Front
Details
- Additional structures: Pavillion/Gazebo
- Parcel number: 002S22109502280000
- Special conditions: Accept Backup Offers
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
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, Pickleball, Picnic Area, Pool
- Subdivision: Gulf Terrace Condo
HOA
- Has HOA: Yes
- Services included: Accounting, Maintenance Grounds, Insurance, Trash, Water
- HOA fee: $523 monthly
Location
- Region: Destin
Financial & listing details
- Price per square foot: $386/sqft
- Tax assessed value: $205,000
- Annual tax amount: $2,369
- Date on market: 7/21/2025
- Electric utility on property: Yes
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