Turnkey Investment Opportunity! This beautifully updated 1-bedroom condo comfortably sleeps up to 6 guests and is ideally located in the heart of the area, just minutes from sugar-white beaches, popular restaurants, shopping, and local attractions. Situated on the ground floor for easy access, this well-maintained unit offers convenience and comfort for both owners and guests.
Inside, you'll find tasteful coastal décor, stainless steel appliances, a flat-surface stove, and an updated shower/tub combination that adds a modern touch. The open layout maximizes space and functionality, making it an ideal vacation retreat or income-producing rental property.
Resort-style amenities include multiple swimming pools, tennis courts, a scenic lake, grilling areas, and beautifully maintained grounds. Whether relaxing by the pool, enjoying outdoor activities, or exploring the nearby beaches and entertainment, guests have everything they need for an unforgettable stay.
With a strong rental history and excellent location, this condo is the perfect choice for investors, second-home buyers, or anyone seeking an affordable beach getaway with exceptional earning potential.
Sold for $175,000
Zestimate®
$175,000
4000 Gulf Terrace Dr Unit 187, Destin, FL 32541
1beds
738sqft
Condominium
Built in 1973
-- sqft lot
$175,000 Zestimate®
$237/sqft
$1,869 Estimated rent
Home value
$175,000
$165,000 - $187,000
$1,869/mo
Zestimate® history
Owner options
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$1,869/mo
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$1,869/mo
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$1,200/mo
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List your homeWhat's special
Multiple swimming poolsTennis courtsGrilling areasFlat-surface stoveScenic lakeStainless steel appliancesBeautifully maintained grounds
Zillow last checked:
Listing updated:
Listed by:
Abbott Martin Group 850-460-2900,
EXP Realty LLC
Bought with:
Jonathan R Marrone, 3512803
EXP Realty LLC
Source: ECAOR,MLS#: 1004965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Kitchen
- Level: First
- Area: 64 Square Feet
- Dimensions: 8 x 8
Living room
- Level: First
- Area: 187 Square Feet
- Dimensions: 17 x 11
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater
- Laundry: Common Area
Features
- Has fireplace: Yes
- Furnished: Yes
Interior area
- Total structure area: 738
- Total interior livable area: 738 sqft
Property
Features
- Patio & porch: Covered, Porch
Details
- Parcel number: 002S22109500000187
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 1973
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Dumpster, Gated, Pavillion/Gazebo, Picnic Area, Pool, TV Cable, Tennis Court(s), Pickleball, Short Term Rental - Allowed
- Subdivision: GULF TERRACE CONDO
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Legal, Management, Utilities, Security, Cable TV, Trash, Water
Location
- Region: Destin
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $132,000
- Annual tax amount: $1,500
- Date on market: 6/8/2026
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Sold | $175,000-9.8%$237/sqft |
Source:  ECAOR #1004965 Report a problem | ||
| 7/13/2026 | Pending sale | $194,000$263/sqft |
Source: ECAOR #1004965 Report a problem | ||
| 7/2/2026 | Price change | $194,000-3%$263/sqft |
Source: ECAOR #1004965 Report a problem | ||
| 6/8/2026 | Listed for sale | $199,900-9.1%$271/sqft |
Source: ECAOR #1004965 Report a problem | ||
| 5/1/2026 | Listing removed | $219,900$298/sqft |
Source: ECAOR #988605 Report a problem | ||
| 3/28/2026 | Price change | $219,900-4.3%$298/sqft |
Source: ECAOR #988605 Report a problem | ||
| 12/9/2025 | Listed for sale | $229,900$312/sqft |
Source: ECAOR #988605 Report a problem | ||
| 11/29/2025 | Pending sale | $229,900$312/sqft |
Source: ECAOR #988605 Report a problem | ||
| 11/7/2025 | Price change | $229,900-16.4%$312/sqft |
Source: ECAOR #988605 Report a problem | ||
| 10/30/2025 | Listed for sale | $274,900-13.3%$372/sqft |
Source: ECAOR #988605 Report a problem | ||
| 9/2/2022 | Sold | $317,000$430/sqft |
Source: ECAOR #905572 Report a problem | ||
| 8/17/2022 | Pending sale | $317,000$430/sqft |
Source: ECAOR #905572 Report a problem | ||
| 8/9/2022 | Listed for sale | $317,000+252.2%$430/sqft |
Source: ECAOR #905572 Report a problem | ||
| 2/13/2020 | Sold | $90,000-6.2%$122/sqft |
Source: Public Record Report a problem | ||
| 1/7/2020 | Pending sale | $95,900$130/sqft |
Source: Coldwell Banker Residential Real Estate - Destin / 30A #837420 Report a problem | ||
| 12/30/2019 | Listed for sale | $95,900-3.6%$130/sqft |
Source: Coldwell Banker Residential Real Estate - Destin / 30A #837420 Report a problem | ||
| 3/8/2019 | Listing removed | $99,500$135/sqft |
Source: Coldwell Banker Residential Real Estate - Destin / 30A #815037 Report a problem | ||
| 2/19/2019 | Price change | $99,500-3.4%$135/sqft |
Source: Coldwell Banker Residential Real Estate - Destin / 30A #815037 Report a problem | ||
| 1/29/2019 | Listed for sale | $103,000-12.3%$140/sqft |
Source: Coldwell Banker Residential Real Estate - Destin / 30A #815037 Report a problem | ||
| 8/22/2015 | Listing removed | $950$1/sqft |
Source: Southern Residential Leasing Report a problem | ||
| 8/14/2015 | Listed for rent | $950$1/sqft |
Source: Southern Residential Leasing Report a problem | ||
| 8/19/2014 | Listing removed | $950$1/sqft |
Source: Southern Residential Leasing #711390 Report a problem | ||
| 8/6/2014 | Listed for rent | $950$1/sqft |
Source: Southern Residential Leasing Report a problem | ||
| 6/11/2008 | Listing removed | $117,500$159/sqft |
Source: Homes & Land Report a problem | ||
| 2/2/2008 | Listed for sale | $117,500+20.5%$159/sqft |
Source: Homes & Land Report a problem | ||
| 9/6/2007 | Sold | $97,500+4.8%$132/sqft |
Source: Public Record Report a problem | ||
| 6/14/2004 | Sold | $93,000$126/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,563 -34% | $132,000 -34% |
| 2024 | $2,369 -3.3% | $200,000 -2.4% |
| 2023 | $2,449 +76.1% | $205,000 +57.7% |
| 2022 | $1,391 +19.8% | $130,000 +39% |
| 2021 | $1,161 +18.1% | $93,500 +16.9% |
| 2020 | $984 +3.3% | $80,000 |
| 2019 | $952 +15.9% | $80,000 +25% |
| 2018 | $821 | $64,000 +8.5% |
| 2017 | $821 +7.3% | $59,000 +7.3% |
| 2016 | $765 +9.1% | $55,000 +14.6% |
| 2015 | $701 +10.2% | $48,000 +9.1% |
| 2014 | $636 | $44,000 +7.3% |
| 2013 | -- | $41,000 +3.8% |
| 2012 | -- | $39,500 -3.7% |
| 2011 | -- | $41,000 -12.8% |
| 2010 | -- | $47,000 -10.5% |
| 2009 | -- | $52,500 -26.1% |
| 2008 | -- | $71,000 -36% |
| 2007 | -- | $111,000 -27.5% |
| 2006 | -- | $153,000 +63.6% |
| 2005 | -- | $93,500 +83.3% |
| 2004 | -- | $51,000 +8.1% |
| 2003 | -- | $47,200 +1.9% |
| 2002 | -- | $46,300 |
| 2001 | -- | $46,300 |
Find assessor info on the county website
Neighborhood: 32541
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Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.8 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 2.6 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 10.5 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Destin
- 32541
- 4000 Gulf Terrace Dr Unit 187
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