Located at the sought-after 4000 Gulf Terrace, this fully furnished 2-bedroom, 2-bathroom property is the perfect addition to your short-term rental portfolio. Nestled within a gated community, the condo offers access to 3 swimming pools, tennis courts, and a serene lake. Guests will love the unbeatable location—just minutes from Destin's pristine beaches, Big Kahuna's Waterpark, and local dining hotspots. With a modern interior, recent upgrades, and a proven track record of strong rental income, this property is ready to start generating returns from day one. Don't miss out on this prime investment in one of Florida's top vacation destinations!
Sold for $250,000
$250,000
4000 Gulf Terrace Dr Unit 250, Destin, FL 32541
2beds
900sqft
Condominium
Built in 1974
-- sqft lot
$247,900 Zestimate®
$278/sqft
$2,261 Estimated rent
Home value
$247,900
$223,000 - $275,000
$2,261/mo
Zestimate® history
Owner options
List your home for rent
$2,261/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,261/mo
Rent Zestimate®
Refinance and save
$1,715/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,715/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Gated communitySerene lakeModern interiorTennis courtsRecent upgrades
Zillow last checked:
Listing updated:
Listed by:
Simona M Ghile 850-368-4863,
Acasa Realty LLC
Bought with:
Alina Jackson, 3475596
Waves of the Emerald Coast Realty LLC
Source: ECAOR,MLS#: 957026
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Other
- Level: First
- Area: 25 Square Feet
- Dimensions: 5 x 5
Kitchen
- Level: First
- Area: 81 Square Feet
- Dimensions: 9 x 9
Living room
- Level: First
- Area: 216 Square Feet
- Dimensions: 18 x 12
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bookcases, Newly Painted
- Flooring: Laminate
- Furnished: Yes
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
Property
Features
- Exterior features: Outdoor Grill, Balcony, Outdoor Shower, Tennis Court(s)
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
Details
- Additional structures: Pool House
- Parcel number: 002S22109500000250
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Frame, Vinyl Siding
- Roof: Metal
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 1974
Community & HOA
Community
- Features: BBQ Pit/Grill, Community Room, Dumpster, Gated, Picnic Area, Pool, Tennis Court(s), Waterfront, Short Term Rental - Allowed
- Subdivision: GULF TERRACE CONDO
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Insurance, Management, Sewer, Cable TV, Trash, Water, Internet
Location
- Region: Destin
Financial & listing details
- Price per square foot: $278/sqft
- Tax assessed value: $225,000
- Annual tax amount: $2,303
- Date on market: 11/8/2024
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2025 | Sold | $250,000-3.8%$278/sqft |
Source:  ECAOR #957026 Report a problem | ||
| 1/9/2025 | Pending sale | $259,900$289/sqft |
Source: ECAOR #957026 Report a problem | ||
| 12/30/2024 | Price change | $259,900-3.3%$289/sqft |
Source: ECAOR #957026 Report a problem | ||
| 12/18/2024 | Price change | $268,900-0.4%$299/sqft |
Source: ECAOR #957026 Report a problem | ||
| 11/22/2024 | Price change | $269,900-6.6%$300/sqft |
Source: ECAOR #957026 Report a problem | ||
| 11/8/2024 | Listed for sale | $289,000$321/sqft |
Source: ECAOR #957026 Report a problem | ||
| 10/27/2024 | Pending sale | $289,000$321/sqft |
Source: ECAOR #957026 Report a problem | ||
| 10/1/2024 | Price change | $289,000-3.3%$321/sqft |
Source: ECAOR #957026 Report a problem | ||
| 8/15/2024 | Listed for sale | $299,000+124.8%$332/sqft |
Source: ECAOR #957026 Report a problem | ||
| 1/31/2020 | Sold | $133,000-4.9%$148/sqft |
Source: ECAOR #832970 Report a problem | ||
| 10/9/2019 | Listed for sale | $139,900-17.7%$155/sqft |
Source: Sea Coast Realty Group Inc #832970 Report a problem | ||
| 6/29/2006 | Sold | $170,000$189/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,303 +3.2% | $169,104 +10% |
| 2024 | $2,231 +3.1% | $153,731 -33.2% |
| 2023 | $2,164 +26.2% | $230,000 +43.8% |
| 2022 | $1,715 +19.6% | $160,000 +38.5% |
| 2021 | $1,434 +262.3% | $115,500 +81.1% |
| 2020 | $396 +0.6% | $63,762 +2.3% |
| 2019 | $394 +0.4% | $62,328 +1.9% |
| 2018 | $392 | $61,166 +2.1% |
| 2017 | $392 +0% | $59,908 +2.1% |
| 2016 | $392 +1.9% | $58,676 +0.7% |
| 2015 | $385 -1.7% | $58,268 +0.8% |
| 2014 | $391 | $57,806 +1.5% |
| 2013 | -- | $56,952 +1.7% |
| 2012 | -- | $56,000 -3.4% |
| 2011 | -- | $58,000 -13.4% |
| 2010 | -- | $67,000 -9.5% |
| 2009 | -- | $74,000 -21.3% |
| 2008 | -- | $94,000 -36.1% |
| 2007 | -- | $147,000 -21.4% |
| 2006 | -- | $187,000 +361.7% |
| 2005 | -- | $40,503 +3% |
| 2004 | -- | $39,323 +1.9% |
| 2003 | -- | $38,590 +2.4% |
| 2002 | -- | $37,686 +1.6% |
| 2001 | -- | $37,093 |
Find assessor info on the county website
Neighborhood: 32541
Nearby homes
- $235,0001 bd2 ba738 sqft4000 Gulf Terrace Dr UNIT 240, Destin, FL 32541Pending
- $210,0001 bd1 ba750 sqft4000 Gulf Terrace Dr UNIT 135, Destin, FL 32541Sold
- $1,800,0001 bd1 ba738 sqft4000 Gulf Terrace Dr UNIT 153, Destin, FL 32541Pending
- $220,0001 bd2 ba738 sqft4000 Gulf Terrace Dr UNIT 296, Destin, FL 32541Sold
- $227,0002 bd1 ba982 sqft4000 Gulf Terrace Dr UNIT 150, Destin, FL 32541Sold
- $240,0002 bd1 ba982 sqft4000 Gulf Terrace Dr UNIT 159, Destin, FL 32541For Sale
- $240,0001 bd1 ba738 sqft4000 Gulf Terrace Dr UNIT 235, Destin, FL 32541Sold
- $227,2502 bd1 ba982 sqft4000 Gulf Terrace Dr UNIT 259, Destin, FL 32541Sold
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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$247,900
2% more
+$4,958
With Zillow Showcase(estimated)
$252,858
- Florida
- Okaloosa County
- Destin
- 32541
- 4000 Gulf Terrace Dr Unit 250
Nearby cities
Nearby zip codes
Other Destin Topics
